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Thursday, 10 November 2016

Greek govt irked by speculation on downgraded significance of next week’s Obama visit

The Greek government issued a statement on Thursday aimed to deflect a growing chorus of local press reports and political speculation downgrading next week’s visit to Athens by outgoing US…

New NBG board elected without HFSF support

By A. Doga This week’s tenuous compromise for a new board of directors and top leadership the National Bank of Greece (NBG) has apparently not  normalized relations between the Hellenic…

PM Tsipras: State will continue to defend shipping interests in int’l organizations, fora

Greek Prime Minister Alexis Tsipras on Wednesday evening called on Greek shipowners and companies to invest in the country, and to exploit what he called business opportunities in the country.…

Grenade attack outside French embassy in central Athens

By M. Sinodinos A hand grenade was tossed outside the French embassy in central Athens in the early morning hours of Thursday, with one police sentry slightly injured in the…

Wednesday, 09 November 2016

Tsipras, Greek leadership convey congratulations to new US president-elect

Greek Prime Minister Alexis Tsipras joined Greek leadership on Wednesday in conveying his congratulations to new US president-elect Donald Trump, as he cited the traditional bonds of friendship uniting the…

Trump victory complicates Tsipras govt’s short-term planning

By Vassilis Kostoulas  [email protected] The current Greek government has entertained high expectations of mediation by the US administration towards European “paymaster” Germany, in order to lessen Berlin’s insistence on an austerity-based…

New NBG board announced

A new board of directors for National Bank of Greece, the largest credit institution in the country, was finally announced on Wednesday afternoon ending a more than week-long impasse. Specifically,…

Commission eyes ‘triple agreement’ for Greek program at Dec. Eurogroup meeting

By N. Bellos The European Commission is reportedly eyeing a “trifecta” on the Greek issue at a now closely watched Dec. 5 Eurogroup meeting in Brussels, namely, completion of the…

Cosco intention to haul massive floating dock to Piraeus a ‘game changer’ in local ship repair sector

By A. Tsiblakis Reports that the Piraeus Port Authority’s (OLP) Cosco-led management will transport a massive 300,000-ton floating dock to the port, Greece’s busiest and largest, has dampened prospects for…

Obama address in Athens next week with Acropolis in the background

Outgoing US President Barack Obama will deliver an address during his Athens visit on Nov. 16 with a historical backdrop, the southwestern side of the Acropolis, the quintessence of classical…

First Greek reactions to Trump victory in US election

The first, albeit indirect reaction, by the Greek side to the stunning election victory by Donald Trump in the US presidential election was decidedly negative on Wednesday morning, with a…

First Greek reactions to Trump victory in US election

Greek government sources on Wednesday reportedly declared that Athens had “prepared” for either possibility in the US elections, in the wake of a stunning upset by Republican Donald Trump over…

Tuesday, 08 November 2016

Decision for new National Bank president, board again stalled

The latest effort on Tuesday evening to elect a new president and top board members for National Bank of Greece (NBG) again proved fruitless, with the Hellenic Financial Stability Fund…

Greek horse track operator to offer access in French races’ ‘common pool’

Hellas Horse Races S.A., a wholly owned subsidiary of OPAP S.A., the privately held betting and sports pools operator in Greece, on Tuesday announced a partnership agreement with France’s Pari…

Latest poll has ND in front of ruling SYRIZA by 15 percentage points

Results of the latest opinion poll in Greece mirrors the outcome of a series of recent polls in the country, with main opposition New Democracy enjoying a 15-percentage-point lead over…

Greek exports rebound in Sept., still down over 9-month period, yoy

The Greek exporters’ association on Tuesday reported that exports posted a noteworthy increase in September 2016, citing provisional figures by the country’s statistical service, EL.STAT. The value of exports increased…

Athens to push for lower primary budget surplus goals after 2018; review, debt relief come first

By T. Tsiros One of the leftist Greek government’s strategic medium-term goals, as repeatedly enunciated by top ministers over the recent period, is to lower primary budget surplus targets demanded…

Anti-state activists reach US consulate in Thessaloniki to protest Obama visit this month

A group of self-styled anti-state activists held a brief protest on Tuesday in the building housing the US consulate in the northern port city of Thessaloniki, where they tossed pamphlets,…

Dec. 5 Eurogroup crucial for Athens’ debt relief prospects

By N. Bellos The Dec. 5 Eurogroup is shaping up as the pivotal venue for developments leading to Greek debt relief, with several European leaders commenting on the very issue…

Monday, 07 November 2016

Outgoing ministry again raises objections to sale of power utility’s shares

Outgoing energy minister Panos Skourletis on Monday reiterated his opposition to the sale of a 17-percent stake of the Public Power Corp. (PPC), speaking at a ministry handover ceremony. Skourletis,…

EY estimates yearly tax evasion in Greece at between 6 to 9% of GDP

Ernst & Young estimates tax evasion in Greece at between 6 to 9 percent of GDP on an annual basis, a figure it cites and analyzes in a recent report.…

ESM’s Regling: Short-term debt relief proposals for Greece upcoming

The European Stability Mechanism (ESM) will submit its proposals for short-term debt relief measures for Greece at an upcoming EuroWorking Group meeting in late November and during a Eurogroup meeting…

Completing second review of Greek program the foremost priority now for Tsipras govt

Completing the all-important second review of the Greek program (third bailout) amid very tight deadlines until the end of the year is the foremost priority of the reshuffled Cabinet, with…

Aegean Oil picks up fuel contract of consortium building TAP pipeline

Greece-based Aegean Oil has won a two-year contract to provide fuel to the Spiecapag-Aktor consortium, which is tasked with the construction of a major portion of the Trans Adriatic Pipeline…

Analysts: Abolition of cabotage failed to boost Greece cruise sector

When the cabotage regime preventing foreign-flagged cruise ships from easily plying Greek waters was abolished in 2010, primarily due to the advent of the punishing economic crisis, hopes were raised…

Loosened capital controls reportedly fail to lure back billions that fled bank vaults

By A. Doga Roughly six billion euros in “new money” has been “recycled” in Greece’s battered banking system nearly four months after a loosening of capital controls in the country,…

Sale of Thessaloniki Port Authority now the No. 1 priority of new ministry leadership

By A. Tsiblakis & L. Karageorgos The first and most pressing priority on the agenda of new Shipping and Island Policy Minister Panayiotis Kouroumblis is to complete an international tender…

Small centrist party: Creditors will kick Tsipras out in 2017; reforms require a consciously pro-European govt

A small centrist and social democrat-leaning party in Parliament, the Union of Centrists, on Sunday offered its most stinging criticism to date of the embattled leftist Greek government. The prickly…

Cash registers, POS terminals still offline with tax bureau’s server

By G. Palaitsakis Changes in the legal framework and a ministerial decision apparently aren’t enough to commence the obligatory online transfer of data from practically all types of electronic transactions…

Sunday, 06 November 2016

Greek program on agenda at Eurogroup meeting on Mon.

Ongoing negotiations over a second review of the Greek program (third bailout) as well as a pending report by the EU Commission’s Structural Reform Support Service (SRSS) are on the agenda…