English

Wednesday, 16 November 2016

Commission Oks Greek support scheme for renewable electricity, cogeneration

The European Commission on Wednesday announced that it has ruled that a new Greek support scheme for renewable electricity and high efficiency cogeneration complies with EU state aid rules. The…

Vocal ‘nein’ to Greek debt relief follows Obama’s high-profile support

Hours after Barack Obama repeated his leitmotif of “reforms and debt relief” before a Greek audience, German Finance Minister Wolfgang Schaeuble again dampened Athens’ hopes by saying that such discussion…

Τurkish warplane violations on same day as Obama plane takes off from Athens

Seven violations of national airspace were reported on Wednesday in the central and northeast Aegean region, with Greek air force planes and military radars identifying at least 11 Turkish warplanes.…

Obama closed his speech by saying «Ζήτω η Ελλάς»

Barack Obama was given a rock star-like welcome before his address at a new cultural multiplex in coastal Athens on Wednesday, where he responded with a “Kalispera” (good afternoon in…

Process to settle arrears to tax bureau dominates negotiations between creditors, Greek side

Creditors’ representatives and the Greek government have reportedly covered most of the distance separating the two sides in terms a new out-of-court regime to settle arrears and self-employed professionals’ debts…

Widely popular Obama invited to return to Greece for family holiday

US President Barack Obama on Wednesday toured and was photographed atop the Acropolis in the heart of Athens and with the Parthenon in the background, the quintessence of Classical Antiquity…

ECB executive Nouy: Tackling NPLs does not need to commence with primary residences

The head of the ECB’s supervisory board, Danièle Nouy, this week emphasized that whatever measures to manage and begin reducing the Olympus-sized mountain of non-performing loans (NPLs) in Greece does…

Acropolis the next stop on Obama itinerary in Athens

US President Barack Obama was scheduled to tour the Acropolis, in central Athens, on Wednesday morning, with Greece’s best-known and most-visited archaeological site closed to the public in anticipation of…

Ubiquitous Athens street violence by self-style anarchists on occasion of Obama visit

Barack Obama’s high-profile visit to the Greece on Tuesday was the catalyst for the latest instances of late-night street violence around the Athens Polytechnic by self-styled anarchist and anti-establishment gangs,…

Tuesday, 15 November 2016

Labor sector liberalization apparently continues to separate govt, creditors

New Greek Labor Minister Efi Ahtsioglou has reportedly briefed representatives of creditors on the government’s positions regarding labor sector reforms, easily the most difficult chapter of negotiations to conclude a…

Obama gets very warm reception by Greek leadership

US President Barack Obama was attending an official dinner in his honor on Tuesday evening at Athens’ presidential mansion, hours after concluding meetings with the country’s president and prime minister.…

Encouraging words by Obama over debt relief, painful reforms over crisis years

Barack Obama’s “swan song” as the US president came with encouraging words to crisis-plagued Greece on Tuesday, where he offered support for debt relief, praise for painful reforms over the…

Obama praise for Greece’s role in dealing with refugee issue

US President Barack Obama praised Greece for what he called the country’s “humanitarian and compassionate manner” in dealing with the unprecedented, by post-war standards, Mideast war refugee issue. His comments…

Obama: Significance of visiting land where democracy was born

Obama received at the presidential mansion in central Athens by Greek President Prokopis Pavlopoulos, expresses satisfaction over his visit to Greece. Refers to significance of visiting the land where democracy…

Fourth US president to pay official visit since 1959

Outgoing US President Barack Obama the third US president to pay an official visit to Greece after Dwight D. Eisenhower in 1959, George H. Bush in 1991 and Bill Clinton…

Greek job seekers still picking UK despite Brexit

By Sophia Emmanouil [email protected] Forget “Brexit”, highly qualified Greeks still retain an undiminished interest in moving to the United Kingdom for better job prospects, despite whatever uncertainties arising from the referendum,…

Monday, 14 November 2016

Budget posts primary surplus of 6.497 bln€ in Jan-Oct

The Greek budget recorded a surplus of 1.306 billion euros over the January-October period, greatly improving from a shortfall of 793 million euros in the corresponding period in 2015, according…

‘Tax tsunami’ to continue in 2017

By Giorgos Kouros [email protected] The “tax tsunami” that began in 2016 as a result of the signing of the third memorandum will continue unabated in 2017, with highest VAT rates (13…

NBG CEO: It was never our intent to clash with HFSF

National Bank CEO Leonidas Fragiadakis, whose tenure as the top executive of Greece’s biggest financial institution has generated a fierce tug-of-war between the Hellenic Financial Stability Fund and the bank’s…

Five Athens metro stations to remain close amid Obama visit this week

Thousands of police and a massive US security contingent will be on hand for the two-day visit to Athens this week by US President Barack Obama, with roads closed in…

Ugly banner at Greece-BiH football match generates firestorm of criticism; minister requests police probe

A firestorm of controversy emerged in the wake of Sunday evening’s 1-1 tie between Greece and Bosnia-Herzegovina when it was reported that a small banner with a genocidal reference to…

Hellenic Sugar to sell units in Serbia in int’l tender

The state-run Hellenic Sugar Industry SA will declare an international tender for its production units in Serbia by the end of November, CEO Pantelis Manis told the state news agency…

Aegean Airlines: 3% hike in consolidated revenue over Jan-Sept

Aegean Airlines on Friday reported a 3-percent increase in consolidated revenue in the January-September 2016 period, and a 6-percent rise in passenger traffic to 9.8 million, according to the state-run…

EL.STAT: Annualized Greek GDP in Q3 at 1.5%

Seasonally adjusted data for the third quarter of 2016 show an annualized GDP growth of 1.5 percent, the statistical bureau EL.STAT announced on Monday. Moreover, Q3 growth increased by 0.5…

Clash over NBG’s leadership apparently resumes, pitting board against primary shareholder Fund, govt

By A. Doga A simmering feud between the Hellenic Financial Stability Fund (HFSF) and the management of National Bank of Greece (NBG), the country’s largest financial institution, appears ready to…

Finance ministry eyes new, harsher measures to reduce tax arrears, speed up location of assets, property

With arrears to the Greek state nearing the milestone 100-billion-euro mark the finance ministry’s general secretariat for public revenues is rapidly promoting the implementation of a comprehensive and fully automated…

Saturday, 12 November 2016

Solid Obama support for Greece days before his Athens visit

Outgoing US President Barack Obama is sending his own message of support for the Greek government and Greek citizens, days before he arrives in Athens for a two-day visit. In…

EU sources: Positive momentum for Greek program must be exploited; Athens eyes best-case scenario

By N. Bellos Unreservedly optimistic forecasts by the European Commission for the Greek economy in the current year and over the upcoming two years could smooth the way for a…

Twenty crucial days for Athens to complete 2nd review; achieve debt relief, reduce fiscal targets

By T. Tsiros High-level talks between the Greek government and representatives of institutional creditors (the Quartet) are set to resume on Tuesday or Wednesday in Athens, with crucial negotiations actually commencing…

Friday, 11 November 2016

Shipping magnate Angelicoussis: Dry bulk sector will benefit greatly if Trump fulfills promises

Well-known Greek shipowner John Angelicoussis this week forecast a rebound the very recently roused dry bulk sector, calling it an “engine” for the global economy because, as he estimates, major…