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Tuesday, 30 Αυγούστου 2016

ND leader again cites issue of ‘law and order’ in the country

Main opposition New Democracy (ND) leader Kyriakos Mitsotakis on Tuesday again lambasted the leftist Greek government on the subject of “law and order” in the country, a day after the…

3,601 irregular migrants, Mideast refugees landed on Greek isles after failed Turkey coup

A total of 3,601 third country nationals reached Greek territory – namely, a handful of eastern Aegean islands — in an irregular manner from Turkey after a failed coup in…

EU official: ‘Small progress’ in prior actions; ELSTAT issue on Eurogroup agenda

A European official referred to a “small” amount of progress in Athens’ implementation of another 15 “prior actions” demanded by creditors ahead of a commencement of negotiations for a second…

Controversial process by leftist govt for TV licensing begins

A highly controversial process began on Tuesday morning for the awarding, by the government, of four national television broadcast licenses. Current television stations broadcasting nationally on a terrestrial digital platform…

Bill containing 15 ‘prior actions’ demanded by creditors expected by end of Sept.

A bill containing all 15 “prior actions” demanded by creditors ahead of a conclusion of the second review of the Greek program (third bailout) as well as its ratification is…

Greek FinMin cites possibility of ‘short delay’ in disbursement of upcoming bailout loan

Greek FinMin Euclid Tsakalotos on Monday referred to the possibility of a delay in the disbursement of a 2.8-billion sub-tranche of bailout money, in statements to Bloomberg. He said the…

Monday, 29 Αυγούστου 2016

Hoteliers on handful of refugee-swamped Greek isles says subsidy program came too late

Hoteliers on a handful of eastern Aegean islands that have seen tourist arrivals plummet due to the refugee/migrant crisis that has plagued their isles are reportedly hoping for increased flows…

11th Annual Greek Roadshow in London next month

Representatives of the Athens Stock Exchange, the Capital Market Commission and 29 listed companies will head to London next month for a meeting with global investment fund managers, entitled the…

PPC satisfied with installment plan response for overdue bills

The management of state-run Public Power Corp. (PPC), the dominant power provider in the country and one of the biggest listed companies on the Athens Stock Exchange, on Monday appeared…

Greek GDP down 0.9% in Q2 2016, recession continues unabated

Greek GDP fell by 0.9 percent in the second quarter of 2016, on an annualized basis, confirming earlier reports that revised figures would show an exacerbation of the recession in…

Property tax notices for 2016 circulated

Practically all of the notices for this year’s property tax were posted via the tax bureau’s online system, a process that reportedly concluded at 3 a.m. on Monday morning. Some…

Athens faces tough week on economic front; prior actions pending second review

By T. Tsiros The Greek government faces yet another “hell week” on the economic front beginning on Monday, as an array of outstanding issues and the distinct possibility of negative…

Sunday, 28 Αυγούστου 2016

Turkish FM Çavuşoğlu on Crete; meeting with Greek counterpart

Turkish Foreign Minister Mevlut Çavuşoğlu was on Crete on Sunday, where he is meeting with his Greek counterpart Nikos Kotzias. In a press release on Saturday, the Greek foreign ministry emphasized…

Govt: No more 100-instalment plans to pay tax arrears; e-transactions to dominate

By G. Kouros The government late last week precluded a new 100-instalment plan for paying off arrears to the tax bureau, whereas changes are also in store for the unpopular…

Saturday, 27 Αυγούστου 2016

Rate of increase for Greek bank deposits slackens in July

July witnessed a slackening in a hoped-for increase of deposits in Greek banks, dampening initial hopes in the domestic credit sector that a loosening of still imposed capital controls —…

July revenue target falls short by 196 mln€

The final tally of July’s shortfall in the tax revenues stood at 196 million euros, something that sliced away at the “cushion” built up over the previous six-month period from…

Friday, 26 Αυγούστου 2016

Quake felt in greater Athens area

Α moderate 4.1 on the Richter scale earthquake was felt in the greater Athens area on Friday, recorded at 14.37 GMT and pinpointed in a sea region between the islands…

Shortfall of 641 mln€ in revenues for 7-mo period

A shortfall of 641 million euros, or 2.2 percent of the projected target, was reported for the Jan-July 2016 period, according to the Greek finance ministry. Specifically, the state budget…

Citi sees continued risk of Grexit; revises upwards GDP figure for 2016

Citi continues to point to what it calls the possibility of “political uncertainty” in Greece ahead of a second review of the Greek program (third bailout) this autumn, in repeating…

Opposition to measure banning heavy vehicles from bypassing tollways via secondary roads

Opposition to a recently announced measure prohibiting larger trucks from using secondary roads, instead of tollway-laced highways on Greece’s national road system for most hauls, increased this week. The Hellenic…

Ferry boat traffic up this summer in Greece

By L. Karageorgos Coastal shipping traffic was up by 6.9 percent over the period between June and Aug. 18, 2016, the peak of the annual holiday and tourism season in…

Cosco’s Piraeus subsidiary posts record profits

While the Cosco group as a whole posted losses of 1.1 billion USD in the first half of the year, its subsidiary at the port of Piraeus showed record profits.…

Thursday, 25 Αυγούστου 2016

“Ancient Greece and the Modern World” con’f in Olympia this month

“Ancient Greece and the Modern World” is the focus of a wide-ranging conference being organized at the International Olympic Academy at the ancient Olympia archaeological site from Aug 28 to…

Tsipras: Alternative to EU ‘neo-liberal agenda’ is more spending; exemption of Stability Pact rules in weaker members

Greek Prime Minister Alexis Tsipras pointed directly to increased spending by the EU with a “priority towards weaker countries and regions” as the “alternative” to what he called “the conservative…

Better than expected IKA revenues preclude need to borrow for Sept. pension payments

Greece’s biggest pension fund, IKA, reported increased revenues of 241.2 million euros over the first seven-month period of the year, with the relevant labor ministry taking advantage of the unexpected…

Greek FM in Skopje: Full support for EU membership ‘once name issue resolved’

Greek Foreign Minister Nikos Kotzias paid a lightning visit to Skopje on Thursday, the capital of the neighboring Former Yugoslav Republic of Yugoslavia (fYRoM), where pledged Athens’ heightened support and…

First property tax notices for 2016 sent next week

The first payment notices for this year’s property tax (ENFIA) will be electronically disseminated on Monday, Aug. 29, according to a press release by the finance ministry on Thursday. As…

Latest ‘Greek statistics’ furor dates to controversial 2009 budget deficit

An investigation and subsequent indictment against the former head of Greece’s statistical bureau, EL.STAT, began in the wake of allegations by former top cadres at the semi-autonomous organization, who claimed…

Wednesday, 24 Αυγούστου 2016

Sklavenitis buyout of embattled Marinopoulos group emerges; banks to extend 360mln€ credit line

By S. Emanouil A last-ditch scheme to keep Greek supermarket retailer Marinopoulos afloat emerged on Wednesday, with rival Sklavenitis confirming recent reports that it will buy-out the former using bank…

Commission ‘yellow card’ to Athens over prosecution of ex-statistics bureau head

The EU Commission this week weighed in heavily into a languishing court case against the former head of Greece statistical service, EL.STAT, dating from the latter’s tenure in 2009. Andreas…