English

Wednesday, 17 May 2017

Privatization fund’s tenure extended to June 1, 2020

A relevant general assembly on Tuesday extended the operation of Greece’s privatization fund, the Hellenic Republic Asset Development Fund (HRADF), until June 1, 2020. HRADF’s sole shareholder is the Hellenic…

Athens says debt relief discussed in Merkel-Tsipras phone contact

A telephone call between Greek Prime Minister Alexis Tsipras and German Chancellor Angela Merkel on Tuesday emerged on Wednesday, given that a strike called by press unions a day earlier…

Monday, 15 May 2017

Moody’s: Greek GDP at 1.5% in 2017; 2% in 2018

Moody’s forecast GDP growth in 2017 at 1.5 percent, rising to 2 percent in 2018, while its outlook on Greek banks remained “stable”. The forecast is a far cry from…

‘Road map’ for exit from capital controls released by finance ministry

The finance ministry, as expected, on Monday unveiled its “road map” for a further loosening of capital controls in the country, nearly two years after the Tsipras government imposed the…

Fraport Greece presents upgrading, renovation plans for Mykonos airport

Fraport Greece on Friday presented its strategic development plan for the airport on Mykonos, the iconic Greek isle known as a jetsetters’ destination and one of the country’s major tourism…

Greek airports: Ιnt’l arrivals up by 7.4% in 2016, yoy

Arrivals at Greek airports increased by 7.4 percent in 2016, compared with the previous year, the Greek Tourism Confederation (SETE) announced on Monday, citing data supplied by the Civil Aviation…

Navy general staff reports illegal approach of Greek isle by 2 Turkish missile boats

The naval command in Athens on Monday reported that two Turkish missile boats had entered Greek territorial waters the same day and approached the small eastern Aegean islet of Agathonissi…

Greek state’s net revenues miss target in Jan-Apr period; primary budget surplus goal exceeded

Net revenues over the first four months of the year were off by 152 million euros from target, with the total standing at 14.567 billion euros, down from the prescribed…

Seaplane routes to Greek isles, coastal resorts again resurfaces

By F. Zois [email protected] A decades-old idea to commence regular seaplane routes towards Greece’s numerous islands and even coastal resorts appears to have resurfaced over the recent period, with nascent…

Burglars make off with diagnostic equipment worth 400K euros from public hospital

A peculiar burglary involving the theft of expensive diagnostic equipment from a public hospital specializing in cancer patients, and located across the street from the main police headquarters in Athens,…

Latest austerity, tax measures bring total since third memorandum passed in 2015 to 14.048 bln€

By T. Tsiros [email protected] The “cost” from the latest round of austerity measures and tax hikes in Greece reaches 5.396 billion euros over the 2018-2021 period, as calculated from provisions…

Cosco eyes privatization of pilot services at port of Piraeus

By A. Tsimplakis [email protected] Chinese multinational Cosco, who assumed the management of the Piraeus Port Authority (OLP) last August, is reportedly eyeing the privatization of pilot services in the wider…

Sunday, 14 May 2017

Latest round of pension, welfare spending cuts to reach 7.12 bln€ over 2019-21

By S. Papapetros Greece’s General Accounting Office estimates the total savings from the latest round of proposed cuts in pensions and welfare subsidies over the 2019-2021 period to reach 7.125…

Body recovered at site of wildfire west of Athens

A charred body was recovered by firefighters battling a wildfire due west of Athens on Sunday at the bottom of a gorge in the Aghii Theodori settlement. The blaze erupted…

Tsipras: We’re on ‘same page’ with Lagarde over Greek debt relief

Greek Prime Minister Alexis Tsipras put his leftist government and the IMF “on the same page” as far as the country’s debt issue is concerned, taking to Twitter immediately after…

Death toll from Saturday evening train derailment near Thessaloniki rises to 3

Τhe death toll from a late-night train derailment in northern Greece has risen to three, after another victim succumbed to injuries on Sunday morning.  Seventy passengers and a five-person crew…

Lagarde-Tsipras meeting in Beijing touched on ‘agreed reforms, debt relief measures’, IMF spox says

The IMF was quick to issue a statement following a Sunday meeting in Beijing between the Fund’s Managing Director, Christine Lagarde, and Greek Prime Minister Alexis Tsipras, amid the ongoing…

Two dead, 3 criticially wounded in train derailment near Thessaloniki

Two dead and seven injured is the toll of a late-night train derailment in northern Greece, according to rail operator Trainose. Three of the injured are in critical condition. An…

Friday, 12 May 2017

Latest obstacle for massive Helleniko project: State service designates portion of land as ‘forest’

By T. Igoumenidi [email protected] The latest “banana peel” thrown by a Greek state agency in front of a landmark privatization project came on Friday after a relevant forestry service designated…

Varoufakis: Third bailout spells end of Tsipras govt; SYRIZA stimulus, spending plan ‘nonsense’

The controversial previous Greek finance minister, Yanis Varoufakis, on Friday continued his verbal barrage against his former comrades in the current government and leftist SYRIZA party, forecasting that the third…

Varoufakis: Third bailout spells end of Tsipras govt; SYRIZA stimulus, spending plan ‘nonsense’

The controversial previous Greek finance minister, Yanis Varoufakis, on Friday continued his verbal barrage against his former comrades in the current government and leftist SYRIZA party, forecasting that the third…

Greek president congratulates Hollande over latter’s term in office

Greek President Prokopris Pavlopoulos on Friday spoke by phone with outgoing French President Francois Hollande, with the former congratulating the latter over what he called the successful conclusion of the…

Govt: Talks with China State Grid over energy-related investments in Greece; Commission OKs ADMIE deal

Government sources on Friday referred to meetings in Beijing on the same day between a top Greek delegation and officials of the China State Grid Corp., the state-run company that…

Lagarde: Greek debt relief must be spelled out

IMF Managing Director Christine Lagarde on Friday urged for more specific debt relief measures to be spelled out by European creditors, part of the Fund’s standing demand that the Greek…

Revised Commission forecasts for Greek GDP in 2017-18 attributed to delay in review

By N. Bellos [email protected] The Commission’s revised forecast for Greece in 2017 and 2018, translates into a loss of 1.1 billion euros this year and 900 million euros next year.…

Thursday, 11 May 2017

Greek PM in China for ‘Belt & Road’ Forum

Greek Prime Minister Alexis Tsipras will begin an official visit to China on Friday as a high-level participant in Beijing’s “Belt and Road” forum, where he’s set to hold separate…

Independent revenue authority wants centralized database to combat tax evasion, track assets

By G. Kouros [email protected] Greece’s newly created independent public revenues authority is planning to establish an automated system for seizures and property auctions after first establishing a interlinked database of…

WSJ: Greek govt eyes bond issue in 2017

The Wall Street Journal (WSJ) on Thursday claimed that the leftist Greek government is considering a bond issue for later in the year – possibly July or September – on…

IMF spox: No deal yet on Greek debt issue

An IMF spokesman on Thursday reiterated that no deal has been achieved as yet regarding the Greek debt issue, a pressing matter over which the Fund has demanded medium-term relief…

Moscovici: Greek side decides measures, implementation over management of NPLs, NPEs

By N. Bellos [email protected] EU Commissioner Pierre Moscovici on Wednesday emphasized that Greek authorities had the initiative in composing the initial as well as the latest draft text governing the…