English

Monday, 27 March 2017

RR holding company eyes user fee increases, ahead of rail operator privatizaton

By F. Zois fzois@naftemporiki.gr The state-run Hellenic Railways Organization (OSE), which previously operated and exploited all railways activities in the country, is reportedly eyeing an increase in network fees ahead…

Deposits continue to flow out of Greek banks; down 750mln€ in Jan. 2017

More “warning bells” sounded on Monday regarding the course of the still recession-battered Greek economy, with roughly 750 million euros leaving Greek banks’ vaults in February 2017. The negative development…

BoG Gov issues urgent warning over delayed 2nd review

Greece’s influential central banker issued an urgent warning on Monday for an immediate conclusion of the now utterly delayed second review of the Greek program (third bailout), saying recent negative…

Revenue goals achieved in Jan-Feb via greater BoG dividend, resolution of past tax cases; state payments on freeze

By G. Palaitsakis gpal@naftemporiki.gr State revenues missed targets in several primaries categories over the first two months of the year, such as income tax, VAT remittances and special consumer taxes,…

Reports: Creditors negotiators must return to Athens this week in order to meet unofficial April deadline

By N. Bellos nibelgr@gmail.com Creditors’ top negotiators will have to return to Athens this week in order for a staff-level agreement to be achieved by the April 7 Eurogroup meeting,…

EY study: Undeclared income by self-employed professionals in Greece between 57% to 58.6%

The characteristics of a person with the highest probability of being a prospective tax evader in Greece, according to a recent EY study, are: a self-employed physician who is a…

Sunday, 26 March 2017

BoG Gov: Weak institutions, pol system’s inability to tell people the truth reason Greece is in bailout

Greek central banker Yannis Stournaras pointed to instability on the part of institutions in the country, as well as a lack of credibility and courage on the part of the…

Trump honors Greek Independence Day at the White House

US President Donald Trump paid homage to the Greek Independence Day (March 25) at a ceremony at the White House on Saturday, an annual commemoration first begun under the Reagan…

Saturday, 25 March 2017

Tsipras from Rome: Not the EU we envision; must remain in Union to work for change

Greek Prime Minister Alexis Tsipras sent his message for the country’s Independence Day from the Italian capital on Saturday, where EU leaders signed and issued a joint statement on the…

Saturday marks 196rd anniversary of start of Greek War of Independence

Saturday marked the 196th anniversary of the beginning of Greek War of Independence (1821-1829), a national holiday throughout the country, which is commemorated with pupils’ and military parades. An annual…

Three bidders for majority stake of Thessaloniki port announced

Greece’s privatization fund on Saturday announced that it has received three binding bids for the sale -percent stake of the Thessaloniki Port Authority (OL.Th), which were submitted by a Friday…

Deadline for submitting bids for Thessaloniki port expires; privatization agency mum on exact number

A deadline for submitting binding bids for a 67-percent stake of the Thessaloniki Port Authority’s (OL.Th) shares was concluded on Friday, with the Greek privatization fund’s  (TAIPED or HRADF) declaring himself…

Friday, 24 March 2017

Juncker response to Tsipras letter on EU social acquis

EU Commission President Jean-Claude Juncker called for a rapid conclusion of ongoing negotiations between Athens and its institutional creditors to finally conclude the second review of the current Greek program…

A multi-speed Europe? Yes, but what for?

Βy Yann-Sven Rittelmeyer Policy Analyst European Policy Centre At the occasion of the 60th anniversary of the Rome treaties, the old concept of multi-speed Europe has surfaced again. This already…

Not taking Europe for granted

Susanna Vogt Head of Greece Office Konrad-Adenauer-Stiftung 60 years after the signing of the Treaties of Rome the European Union has to open a thorough and serious debate on its…

Brussels negotiations end; progress in fiscal issues, energy and labor reforms unresolved

By N. Bellos Stepped up negotiations between institutional creditors and a delegation of top Greek ministers wrapped up in Brussels at midnight on Thursday without a final agreement but with…

The United States’ Unwavering Commitment to our EU Partnership

Βy Geoffrey R. Pyatt United States Ambassador to the Hellenic Republic On this 60th anniversary of the Treaty of Rome, the European Union is as important as ever – not…

Thursday, 23 March 2017

IMF spox: Fund may seek ‘assurances’ from Greek opposition that new austerity measures are implemented

The IMF spokesman on Thursday said the Fund “will seek assurances” from Greece’s main opposition party New Democracy, assuming the former remains in the bailout. Speaking at a regular press…

Reuters: Tsipras govt considering objection to signing EU declaration in bid to deflect creditors’ demands

Reuters reported on Thursday that the leftist Tsipras government is sticking by its objection towards putting the Greece’s signature on a joint declaration by the EU27 to mark the Union’s…

Capital Ship Management Corp. achieves MRV assessment from LRQA

Capital Ship Management Corp. on Thursday announced that the company’s completed its first accredited assessment this month of a MRV monitoring plan for the vessel M/T Alkiviadis. In a press…

Trade group warns that up to 18.7K Greek SMEs face closure in first half of 2017

Reduced liquidity, weak investment and an asphyxiated credit system are the primary obstacles faced by Greece’s embattled small-to-medium enterprises, according to the regular six-month survey by Hellenic Confederation of Professionals,…

Thomsen, ECB’s Coeuré join ongoing negotiations between creditors, Greek side in Brussels

By N. Bellos Top IMF official Poul Thomsen and ECB executive board member Benoit Coeuré have reportedly joined ongoing negotiations in Brussels between creditors’ representatives and handful of top Greek…

Crete, Santorini and Rhodes on TripAdvisor’s list of top European destinations in 2017

Three Greek islands, all internationally known tourism destinations, are included in TripAdvisor’s top European choices for 2017, based on users’ preferences. The trio include world-class Santorini, which is usually found…

Aegean announces higher turnover, lower after-tax profits for 2016

Aegean Airlines on Thursday announced consolidated turnover exceeding one billion euros in 2016, a first for the Greece-based carrier, and a 4-percent increase from 2015. Nevertheless, after-tax profits dropped 53…

IRI: Greek super market sector turnover expected to continue slide in 2017

By D. Alexaki dalex@naftemporiki.gr Turnover in the important Greek super market sector is forecast to continue a downward trend in 2017, according to the Greek subsidiary of the IRI market…

ELA-ceiling for Greek banks increased by 0.4 bln€

The Bank of Greece (BoG) on Thursday announced that the European Central Bank’s (ECB) governing council did not object to an ELA ceiling for Greek banks of 46.6 billion euros,…

Piraeus jumps to 38th place internationally in 2016 in terms of container traffic, up five places

By A. Tsimplakis atsimp@naftemporiki.gr Asian ports again dominated the top 10 spots worldwide in terms of container terminal traffic for 2016, occupying nine out of the first 10 places. Nevertheless,…

Study: Tax evasion in Greece between 11 to 16 bln€ annually

A reduction in currently punishing tax rates, cultivating a tax- paying consciousness and a better exploitation of state-of-the-art digital tools, especially an almost universal use of electronic transactions, are the…

Wednesday, 22 March 2017

Fraport Greece unveils upgrades, development plan for 14 regional airports it will manage

The German-Greek consortium set to assume the management and operation of 14 regional airports around Greece, which include the best-known tourism destinations iin the country, this week unveiled its plan…

German FM Gabriel in Athens for talks on Wed.

Greek Prime Minister Alexis Tsipras on Wednesday will receive German and Foreign Minister and Vice-Chancellor Sigmar Gabriel at his Maximos Mansion office in the early afternoon. The German minister will…