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Monday, 12 September 2016

Econ minister: 11.5 bln€ funneled into ‘real economy’ by end of 2016

Economy Minister Giorgos Stathakis promised that some 11.5 billion euros will be funneled into the capital-starved Greek economy by the end of the January, speaking at a chamber event in…

Tsipras peeved by questions over TV broadcast licenses, possibility of stations closing

One of the few “prime-time” soundbites from Greek Prime Minister Alexis Tsipras’ press conference on Sunday in Thessaloniki came in reference to two barbed questions regarding his government’s insistence on…

AXIA Ventures Group announces the appointment of Francisco Sottomayor as Head of its Investment Banking Division, Iberia

AXIA Ventures Group (“AXIA”) announced today that Francisco Sottomayor has joined AXIA as Managing Director and Head of Investment Banking for Iberia. Mr Sottomayor is an experienced professional with 17 years…

Tsipras expresses optimism in Greek economy’s recovery; vague on details

By V. Vegiri Greek Prime Minister Alexis Tsipras appeared optimistic over the course of the still recession-bedeviled Greek economy, speaking on Sunday during the first weekend of an annual trade…

Sunday, 11 September 2016

Russian Dep PM: Athens has proposed joint entity to exploit natural resources in Greece

Russian Deputy Prime Minister Arkady Dvorkovich over the weekend was quoted as revealing that the Greek government has proposed the creation of a joint consortium with Moscow to exploit natural…

ND leads by 3.9 percentage points in latest opinion poll

A latest opinion poll in Greece has main opposition New Democracy (ND) party ahead of ruling SYRIZA by 3.9 percentage points. The poll, conducted by the Kapa Research firm and…

Creditors, Greek govt to resume talks ahead of pending review, next loan tranche

Negotiations between Athens and its institutional creditors resume on Monday over 15 remaining “prior actions” that the Greek government must implement by the end of this month — a condition for…

Latest tax ‘tsunami’ in Greece to begin next month

By G. Palaitsakis A new round of tax increases, envisioned in the current third memorandum with institutional creditors, are due to take effect in October through January 2017, measures that…

Tsipras: Greek debt relief shouldn’t depend on other EU countries’ election results

Greek Prime Minister Alexis Tsipras on Sunday dismissed the possibility of snap elections in the still crisis-battered east Mediterranean country, speaking at a customary press conference held on the sidelines…

Saturday, 10 September 2016

Rumor causes rioting by irregular migrants hosted on Lesvos

A rumor claiming that seven irregular migrants died while trying to clandestinely travel towards to the Greek mainland from the eastern Aegean island of Lesvos inside a truck trailer loaded…

Friday, 09 September 2016

Govt angered that private TV stations’ didn’t interrupt normal programming for EuroMed summit

A simmering feud between the leftist Greek government and television broadcasters again heated up on Friday, with a government spokeswoman accusing the private television station managements of ignoring a EuroMed…

Moscovici: Greek debt relief measures after prior actions; second review completed

By N. Bellos A Eurogroup meeting in Bratislava on Friday touched on the Greek program, as expected, with Eurozone finance ministers reiterating the need for Athens to implement the remaining…

Athens Declaration of the 1st Mediterranean EU countries’ Summit

Athens Declaration of the 1st Mediterranean EU countries’ Summit We, the Heads of State and Government of the Republic of Cyprus, France, Greece, Italy, Malta, Portugal and Spain, have gathered…

Mitsotakis-Karamanlis meeting on Friday

Main opposition New Democracy (ND) leader Kyriakos Mitsotakis on Friday met with former ND leader and prime minister Costas Karamanlis, with the meeting held at the former’s private office. The…

Tsakalotos briefs Eurogroup counterparts over ‘positive scenario’ for crisis-battered Greek economy

Greek Finance Minister Euclid Tsakalotos reportedly presented Eurogroup counterparts in Brussels on Friday with a “positive scenario” for signs of an economic recovery in 2016, with ministry sources back in…

Tsipras defends mini Euro-Med summit in Athens, says aim is to unite EU

Greek Prime Minister Alexis Tsipras this week emphasized his government’s intent to work towards a more united Europe, rather than to politically divide the EU, referring to an initiative that…

Dijsselbloem says Athens must proceed faster with reforms

Eurogroup chairman Jeroen Dijsselbloem on Friday morning called for an acceleration in the agreed-to reforms by the Greek government, speaking in Bratislava on the occasion of a Eurogroup meeting in…

ND leader Mitsotakis proposes reforms as antidote to econ crisis; pledges property tax cut

Main opposition New Democracy (ND) leader Kyriakos Mitsotakis on Thursday evening promised a cut to the unpopular property tax in the country by 30 percent within two years of a…

Thursday, 08 September 2016

Banks’ association head Katseli: Right to sell, cede NPLs by banks part of the solution

The head of the Hellenic Bank Association on Thursday reiterated that allowing Greece’s banks to sell or cede the management of non-performing loans (NPLs) to third parties is a major…

Television strike on Saturday during PM’s inauguration of annual trade fair

The Athens Journalists’ Union (ESIEA) joined several other journalists’ guilds in the country on Thursday in calling for a 24-hour strike on Saturday by national television broadcasters. The industrial action…

Greek exports recover slightly in July

Greek exports, excluding petroleum products, posted a slight recovery in July 2016, up 0.7 percent over the corresponding month in 2015. The news comes on the heels of a 0.9-percent…

Lawsuit filed by broadcaster in TV license auction against another unsuccessful candida

Attorneys for one of the five national television broadcasters that failed to acquire a license in a controversial electronic auction held by the Greek government last week filed a lawsuit…

Jobless rate slightly improves in July, falling to 23.4%

Unemployment dropped slightly in July 2016, compared to the previous month, standing at 23.4 percent, improved from 24.9 percent in June 2016. According to the Greek statistical service, EL.STAT, the…

Jobless rate slightly improves in July, falling to 23.4%

Unemployment dropped slightly in July 2016, compared to the previous month, standing at 23.4 percent, improved from 24.9 percent in June 2016. According to the Greek statistical service, EL.STAT, the…

Annual insurance brokers’ event this month billed as ‘carbon-free’

Greece’s insurance brokers’ association will hold its 2016 assembly with a “carbon-neutral” event on Sept. 20.The annual event brings together Greece-based brokers with representatives of domestic and foreign insurance…

Chinese e-commerce giant Alibaba delegation in Athens this month

Heightened interest by Greek exporters and tourism sector executives for contacts with Chinese e-commerce giant Alibaba are reported ahead of an event organized by the Athens Professional Chamber of Commerce…

Report: Greek shipowners hold global lead in vessel transactions; more ships bought than sold

Greek shipowners and Greek-controlled companies continue to hold first place in terms of transactions involving second-hand vessels over the first eight months of 2016, according to Allied Shipbroking. Although the…

Wednesday, 07 September 2016

National Bank announces vacancies for board of directors positions

National Bank of Greece (NBG) on Wednesday announced that it is seeking a new chairman of the board of directors, a chairman of the regulatory committee and non-executive board members,…

Athens promises creditors it will fulfill prior actions by end of the month

By N. Bellos The Greek government on Wednesday pledged to fulfill all 15 “prior actions” demanded by institutional creditors, in order to free up the disbursement of 2.8 billion euros…

TUI eyes expanded promotion of Greece as tourism destination

The relevant Greek minister met with a high-ranking TUI group delegation in Athens this week, with the goal being an expanded promotion of Greece as a tourism destination in overseas…