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Monday, 19 September 2016

IMF review of Greek economy to clarify Fund’s role vis-a-vis bailout program

By T. Tsiros An IMF delegation has remained in Athens following last week’s day-to-day negotiations between the Greek government and institutional creditors, of which the IMF is one of four…

Sunday, 18 September 2016

Mitsotakis defends emphasis on tax breaks, demands snap elections

Main opposition New Democracy (ND) leader Kyriakos Mitsotakis on Sunday repeated his call for snap elections in the country, exactly one year after the last general election brought forth a…

Saturday, 17 September 2016

Mitsotakis promises less taxes, cuts in state spending to exit crisis; ‘no place for Maduros’ in Greece

Main opposition New Democracy (ND) president Kyriakos Mitsotakis on Saturday evening laid out his plan for a future Greek government under his leadership, emphasizing a turn towards lower taxes and…

Tsipras meets with central banker Stournaras days after prosecutors raid latter’s home

Greek Prime Minister Alexis Tsipras met with Bank of Greece (BoG) Gov. Yannis Stournaras on Saturday at his office, in the wake of an unprecedented raid of the central banker’s…

Friday, 16 September 2016

Reports: One of 4 winners in broadcast license auction used pasture land as bank guarantee collateral

Revelations that one of four winning bidders in a recent auction for nationwide television broadcast licenses used deeds for remote pasture land as collateral for a necessary bank guarantee generated…

ND party ahead 8 percentage points in latest opinion poll

The latest opinion poll results released this week show a lead of eight percentage points by main opposition New Democracy (ND) party over ruling SYRIZA party. The opinion poll results…

Bratislava Declaration and Roadmap

Today we meet in Bratislava at a critical time for our European project. The Bratislava Summit of 27 Member States has been devoted to diagnose together the present state of…

Tsipras in Bratislava: Need for growth in Europe, not fiscal discipline

Greek Prime Minister Alexis Tsipras on Friday called for growth in Europe, and not just fiscal discipline, as he said, speaking after an informal summit in Bratislava. The Greek premier…

Finance ministry official: Omnibus bill with ‘prior actions’ next week

A finance ministry official told reporters in Athens on Friday that an omnibus draft bill will be tabled by the leftist Greek government next week in order to fulfill all…

Ministry denies reports creditors demanded reversal of job protection law for private school teachers

Greece’s education ministry on Friday denied same-day press reports claiming that representatives of the country’s institutional creditors demanded a revocation of recent legislation extending increased job security to educators in…

Chief shareholder of Attica Bank, govt reportedly offer BoG a ‘compromise’ in management appointments

By A. Doga A compromise appeared overnight in the impasse  in terms of the appointments of new board members for the non-systemic Attica Bank, with government officials pointing to a…

Back and forth accusations over prosecutors’ search of BoG gov’s home

A search by prosecutors of Bank of Greece (BoG) Gov. Yannis Stournaras’ home on Thursday, part of a probe into advertising contracts that also involves a company linked with his…

Report: Helleniko project worth 7.2 bln€ in overall investment alone

The Athens-based Foundation for Economic and Industrial Reseaerch (IOBE) on Friday released a report on the economic impact of the massive Helleniko (Hellenikon) property development project in coastal SE Athens,…

Trading of Attica Bank shares suspended at Athens bourse

Trading of Attica Bank’s shares at the Athens Stock Exchange (ASE) were suspended on Friday, following a request by the Hellenic Republic Capital Market Commission. The regulatory agency’s request comes…

Fallout continues in wake of prosecutors’ raid of central banker Stournaras’ home

Fallout from Thursday’s raid of Greek central banker Yannis Stournaras’ residence by anti-corruption prosecutors continued unabated a day later, with the former’s wife, Stavroula Nikolopoulou, charging that her husband was…

Creditors’ reps depart Athens, ‘open issues’ still unresolved

Representatives of Greece’s institutional creditors depart Athens on Friday after a week of negotiations with the Greek government, with most “outstanding issues” still left unresolved in the face of a…

Thursday, 15 September 2016

Prosecutors raid central banker’s home in relation to probe involving latter’s wife

A surprise raid by anti-corruption prosecutors at the home of Greek central banker Yannis Stournaras on Thursday abruptly shifted attention from ongoing talks in Athens between the government and representatives…

Reuters: 2 Hanjin vessels bought by Greek shipowners

Two Greek-controlled shipping companies have reportedly acquired one vessel, each, from the bankrupt Hanjin Shipping Co Ltd, according to a Reuters dispatch on Thursday. No information was given on the…

Landmark agreement for Helleniko land development headed for Parliament vote

A landmark agreement transferring a massive tract of state-owned land in southeast coastal Athens to a consortium planning one of the biggest real estate redevelopment projects in Europe is expected…

Violence, tension reported at ‘hotspots’ on Lesvos, Chios

Violence and tension related to the presence of thousands of Mideast war refugees and irregular migrants from Third World countries stranded on two eastern Aegean islands was reported late Thursday…

Greek wines to be promoted at Tokyo exhibition

Greek wines will be featured at a major exhibition in Tokyo this November. The Enterprise Greece agency will sponsor a pavilion at the second annual Vinexpo trade show, held in…

Israeli green energy association delegation in Greece next week

A delegation from Israel’s Green Energy Association (GEA-IL) will be in Greece next week for meetings and talks on possible cooperation with local entrepreneurs and businesses active in the renewable…

Tsipras speaks by phone with Merkel on Thursday

Greek Prime Minister Alexis Tsipras spoke by phone on Thursday morning with German Chancellor Angela Merkel, ahead of an upcoming EU summit in Bratislava. A press release circulated by Tsipras’…

Athens eyes compromise over tax issues; creditors nix idea for new ‘development bank’

Βy T. Tsiros “Reserved optimism” was expressed by government officials after the latest round of talks in Athens on Wednesday between representatives of institutional creditors and the Greek side, as…

Culture ministry denies reports charging it is placing bureaucratic obstacles to Helleniko project

Greece’s culture ministry on Wednesday afternoon engaged in “damage control” in the wake of several same-day press reports charging that the ministry’s leadership was attempting to insert a provision in…

Wednesday, 14 September 2016

Head of Greek Church Ieronymos receives German lawmaker Fuchtel

Archbishop of Athens and All Greece Ieronymos on Wednesday received Hans-Joachim Fuchtel, the Parliamentary state secretary to the German federal minister for economic cooperation and development. The ecclesiastical leader briefed…

Deadlines for Sklavenitis buyout of Marinopoulos on the horizon; deal with suppliers pending

By D. Alexaki A new successor company for the temporarily creditor-protected Marinopoulos super market group — one owned and managed entirely by rival Sklavenitis — will arise in December, according…

Greek presence, pavilion at Hamburg trade show aims to promote maritime equipment exports, sales

By A. Tsiblakis Hamburg – Greece-based manufacturers of maritime shipping equipment are reportedly posting an increase in exports of 11 percent, on an annual basis, according to figures presented at…

Greek minister to Reuters: We cannot accept IMF demands on labor sector reforms

The relevant Greek labor minister on Wednesday was quoted as saying that his leftist government cannot accept the IMF’s positions regarding labor relations in the crisis-battered country. Minister Giorgos Katrougalos…

EBP European Manager of the Year awarded to Kinnevik’s Steinbeck

The European Business Press (EBP) this past week presented the “European Manager of the Year 2016 Award” to Cristina Stenbeck, the principal owner, lead shareholder and board member of Kinnevik.…