English

Monday, 16 January 2017

Vessels in Greek register mostly unchanged in Nov 2016, yoy

Greek-flagged merchant vessels were down by one ship, as recorded in November 2016, from 1,834 to 1,833, in comparison to the same month in 2015. According to the Greek statistical…

Construction licenses drop, on yearly basis, in Oct. 2016

The construction sector in crisis-plagued Greece continued to slump, as the latest figures in October 2016 showed. Specifically, the statistical service (EL.STAT) reported a total of 1,061 construction licenses (private…

Chiefs of 3 Greek military branches replaced

The chiefs of the general staff of the Hellenic army, navy and air force were reportedly reshuffled on Monday morning, after a surprise meeting and subsequent decision by a high-ranking…

Greek economy to suffer amid continuing delay of 2nd review of third bailout

 By G. Palaitsakis A continuing delay to finally conclude the second review of the Greek program (third bailout) — through negotiations between the leftist government and institutional creditors — is…

Greek FM responds to criticism over his role in Cyprus talks

Greek Foreign Minister Nikos Kotzias attributed last week’s stalled negotiations over yet another round of negotiations for a solution to the long-standing Cyprus problem to Ankara and the Turkish government.…

Sunday, 15 January 2017

Anastasiades-Tsipras phone contact on Sunday

Greek Prime Minister Alexis Tsipras spoke by phone on Sunday with Cypriot President Nicos Anastasiades, according to a subsequent Tweet by the Cypriot government spokesman. Sunday’s phone contact comes after…

Saturday, 14 January 2017

‘Magic Alex’, 74, of Beatles fame dies in Athens

Alexis Mardas, better known as “Magic Alex” after his quirky 1960s-era affiliation with the Beatles during the height of the band’s spectacular fame, died in Athens on Friday evening at…

Friday, 13 January 2017

Greek banks threaten action over utility’s pro bono transfer of stake in power grid operator ADMIE

By A. Doga [email protected] Lenders of Greece’s state-run power company, bourse-listed Public Power Corp. (PPC), on Friday lobbed a “bombshell” at one of the most prominent privatizations being successfully —…

Commission spox cites interest in IMF’s continued participation in Greek program

A European Commission spokesman on Friday again cited the European Commission’s interest in a continued IMF participation in the Greek bailout program, following high-profile remarks attributed to German FinMin Wolfgang…

Minister: US Navy interest in Piraeus-area ship repair potential

By L. Karageorgos The relevant shipping and island policy minister on Thursday cited what he called a “huge interest” by the US Navy in using facilities in the greater Piraeus…

High court prosecutor recommends against extradition request by Ankara for 4 remaining Turk servicemen

A high court prosecutor on Friday recommended against the extradition of four remaining Turkish servicemen that have sought political asylum in Greece following an abortive coup in the neighboring country,…

Israeli ambassador in reference to Paris meeting: Only direct negotiations generate real solutions

Israel’s ambassador to Greece, Irit Ben-Abba, emphasized the importance of direct bilateral negotiations for Mideast peace, while echoing Israeli positions in an article for “N” this week — all ahead…

Schaeuble: ESM would possibly take over IMF’s supervisory role in Greek program

Berlin is considering the prospect of tasking the European Stability Mechanism (ESM) with the supervisory role in the Greek program, in case the IMF decides to end its participation in…

Institutional creditors, Greek side continue mult-faceted contacts, negotiations for future of Greek bailout program

By N. Bellos The course of the delayed second review of the Greek program (third bailout) as expected dominated Thursday’s scheduled session of the EuroWorking Group meeting in Brussels, which…

First categories of NPLs headed for sale to distress funds

By A. Doga Non-performing loans (NPLs) considered long overdue and with slim chances of repayment are reportedly the first category of outstanding debt that Greece’s systemic banks want to sell-off…

Thursday, 12 January 2017

Moody’s: Greek GDP growth in 2017 higher than EZ average

Moody’s predicts that crisis-bedeviled Greece will exceed the euro area’s average growth rate in 2017, after several years of recession that witnessed roughly one-fourth of the country’s GDP evaporate since…

Govt eyes relaunch of tender for natgas grid operator (DESFA)

The Greek government is expected to re-launch an international tender for a “strategic” stake in the state-run natgas grid operator (DESFA), according to sources from within the relevant energy ministry.…

Mitsotakis from Pserimos: Greece wants good-neighborly relations with Turkey

Μain opposition New Democracy (ND) leader Kyriakos Mitsotakis toured the small eastern Aegean isle of Pserimos on Thursday, which lies only a few nautical miles west of the Asia Minor…

Pension reform-related decisions spell increased contributions for several castes of professionals

Increases in social security contributions for several categories of employed people have been unveiled and described in two ministerial decisions published this week in the government gazette. The increases, on…

All eyes on EWG meeting on Thurs; EZ source: Mood affected by Athens’ ‘holiday bonus’

By N. Bellos Despite a Christmas Eve promise by the Greek FinMin that last month’s abrupt “holiday bonus” to 1.6 million pensioners in Greece will not be repeated without prior…

Wednesday, 11 January 2017

Greek FinMin in Paris, as Athens steps up contacts to conclude second review

Greek FinMin Euclid Tsakalotos and Alternate FinMin Giorgos Houliarakis were received by French FinMin Michel Sapin in Paris on Wednesday, with sources in Athens later telling reporters that both sides…

Minoan on decision to end Adriatic routes

Crete-based Minoan Lines, part of the Grimaldi Group, on Wednesday offered explanations over its decision to exit the Greece-Italy routes in the Adriatic. The Ro/Ro-passenger operator said the move, after…

Tsipras-Juncker phone contacts regarding Cyprus talks

Greek Prime Minister Alexis Tsipras spoke with European Commission President Jean-Claude Juncker on Wednesday, continuing his phone contacts with European leaders ahead of resumed negotiations to find a solution to…

Athens eyes new ‘realistic’ goal of early March for closing second review

The latest “realistic” goal cited by high-ranking Greek government official for concluding the now delayed second review of the Greek program (third bailout) is now given as early March 2017,…

Mitsotakis: Tax cuts without prior approval of creditors

Main opposition New Democracy (ND) president Kyriakos Mitsotakis on Tuesday emphasized that if elected prime minister his government will proceed with tax cuts for businesses and self-employed professionals without the…

Tuesday, 10 January 2017

Govt hastily orders military ship to Lesvos to host refugees

The leftist Greek government on Tuesday hastily announced the dispatch of a military vessel to the eastern Aegean island of Lesvos to host Mideast refugees and irregular migrants currently sheltered…

Snowboarding on… island of Skopelos

The Sporades island of Skopelos, in the central Aegean, which is considered a well-known holiday destination that even served as the backdrop for the musical “Mama Mia”, was recast as…

Tsipras phone contacts with Merkel, Hollande regarding Cyprus negotiations

Greek Prime Minister Alexis Tsipras spoke by phone separately on Tuesday with German Chancellor Angela Merkel and French President Francois Hollande, with talks reportedly revolving around upcoming multi-party negotiations over…

High court prosecutor recommends against extradition of 2 Turkish servicemen

A supreme court prosecutor on Tuesday recommended against the extradition of two Turkish servicemen that have sought political asylum in Greece. The prosecutor said the extradition request by the Ankara…

Greek govt again says IMF’s presence not necessary in bailout program

The leftist Greek government again called for an end to the IMF’s presence in the current Greek program (third bailout), this time on Monday via statements by the relevant government…