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Monday, 18 July 2016

Pokemon ‘jamboree’ in central Athens’ Syntagma square

By M. Synodinos Athens’ central Syntagma square, in the middle of the city and across from Parliament, on Monday was slowly being transformed into a mustering station for … Pokemon.…

Reports: Cosco considering deal with fYRoM rail to bypass strike-prone Greek state operator

By F. Zois State-run rail operator Trainose continues to incur damages from ongoing employee strikes and work stoppages, with Chinese multinational Cosco – a major customer – reportedly in talks…

Tender for power transmission operator a ‘litmus test’ for coming energy sector privatizations

A deadline for a submission of binding bids for a 24-percent stake of the state-owned Independent Power Transmission Operator (IPTO or ADMIE) S.A. ends on July 26, with at least…

Greece’s ‘privatization menu’ on display; goal through 2018 at 6.1-6.2 bln €

By T. Tsiros & G. Kanoupakis The memorandum-mandated monetary target for privatizations in Greece reaches an ambitious, by Greek standards, figure of 3.2 billion euros 2017, given that creditors had…

Report: Athens will seek IRS help in bid to curb tax evasion, raise revenues

Greece’s finance ministry leadership is reportedly considering a request towards America’s well-known Internal Revenue Service (IRS) for assistance to further combat tax evasion, increase revenues and meet memorandum targets. The…

Saturday, 16 July 2016

Athens expected to examine request for asylum by eight Turkish military cadres

The Greek government will examine a request for political asylum by all eight Turkish military cadres who landed at the Alexandroupolis airport, in extreme northeast Greece, aboard a Turkish army…

Extension for filing tax returns until Monday

Greece’s finance ministry on Friday extended, at least for hours, the deadline for filing income tax returns. The new deadline is Monday, July 18, with commercial entities given a July…

Athens following developments in Turkey; PM briefed

In response to reports out of Ankara on Friday evening regarding a purported military coup, Greek Prime Minister Alexis Tsipras was briefed by the head of Greek intelligence at just…

Friday, 15 July 2016

High court rejects injunction against TV license tender

The Council of State, Greece’s highest administrative court, on Friday rejected an injunction petition filed by three private television stations in the country to block a state tender for four…

Greek olive oil harvest expected to slump this year

By D. Alexaki Initial estimates by international analysts point to a roughly 26-percent drop in Greek olive oil production for the coming 2016-17 season, following positive results over the last…

Creditors mostly all aligned towards demanding labor sector reforms by Athens

By S. Papapetros Statements by the EU Commissioner for Employment Marianne Thyssen, who spoke to Greece’s state-run news agency on Thursday, more-or-less continued to confirm that the Commission, along with…

The G20 in a post-Brexit world

By Alessio Terzi Affiliate Fellow Bruegel Post-war Great Britain has always been at the forefront of promoting global cooperation and multilateralism: from taking an active role in the setting up of…

Thursday, 14 July 2016

Tsipras: I never negotiated the country eurozone exit

Greek Prime Minister Alexis Tsipras took to the airwaves on Thursday evening to provide a one-on-one interview with a news anchor from a private Athens television station, where, among others,…

Afghan man dies in brawl at temporary refugee facility

An Afghan man was fatally injured in a brawl of up to 50 third country nationals on Thursday at a temporary shelter in the facilities of the old Athens airport,…

Goldman Sachs on Barroso: That decision had nothing to do with the outcome of the Brexit vote

“Jose Manuel Barroso joined as Chairman of Goldman Sachs International, he will also help advise our clients in Europe and around the world on a range of issues. That decision…

Gov’t, judiciary move to prevent indefinite postponement of trials related to Siemens kickbacks

The government and judicial officials apparently went into “overdrive” over the past 24 hours to ensure that two high-profile trials linked with the Siemens kickback furor in Greece aren’t shelved…

Value of ocean-going vessels remains slumped

Ship prices continued to hover at record low levels over the recent period. Indicatively, a “Cape” sized vessel built in 2006 and tipping the scales at 177,500 dwt, was recently…

Privatization fund accepts 45-mln€ offer for Greek rail operator Trainose

An offer of 45 million euros by Ferrovie Dello Stato Italiane S.p.A. for Trainose, the state-run rail operator in Greece, was accepted on Thursday by Greece’s privatization fund (TAIPED or…

Calamos on Greek economy’s potential, investment outlook: ‘People go to where they’re treated best’

By Vassilis Kostoulas [email protected] Well-known Greek-American money manager and investor John Calamos Sr. was succinct in his assessment of the battered Greek economy’s potential to attract much-needed foreign capital, stressing…

Simple ways to close the VAT gap

By Georges Siotis Associate Professor of Economics Universidad Carlos III de Madrid and CEPR Former member of the TFGR VAT is the Greek State’s most important source of revenue. From…

Differences between Athens, creditors over primary budget surplus targets extend beyond 2019

Differences between institutional creditors and the leftist Greek government over the level of primary budget surplus targets (as a percentage of GDP) remain unresolved, with the divergence of opinions more…

Changes in regime governing audits, tax inspections foreseen

By G. Kouros A draft bill, ostensibly aimed at combating the sale of bootleg tobacco products, nevertheless includes numerous and noteworthy changes in the way Greece’s tax bureau conducts inspections…

ND tables amendment to controversial draft law to give vote to expatriates

Main opposition New Democracy (ND) party on Wednesday tabled an amendment to a recently submitted draft law by the government, aimed to make the country’s election system more proportional. The…

Wednesday, 13 July 2016

BoG Gov: 2.5, 3% GDP hike for 2017, 2018

Greece’s central banker delivered his most optimistic prediction about the course of the Greek economy since he assumed the post, referring to a 2.5 and 3-percent GDP growth rate for…

Greek wheels of justice appear ‘deflated’ in Siemens cases

The relevant justice minister will request that two court cases related to the Siemens kickbacks investigation and indictment receive priority status, citing a law specifically for cases of heightened importance.…

Finance ministry announces new job positions… but for cash-sniffing dogs

Unemployment may remain at sky-high levels and capital controls still imposed, alone amongst developed states, yet one job is apparently in high demand by the Greek finance ministry: cash-sniffing dogs!…

T-bill auction raises 812.5 mln€

The Greek state on Wednesday received 812.5 million euros from the market during a three-month T-bill auction. The interest rate of the issue was set at 2.70 percent, unchanged from…

‘Lost in translation’ syndrome postpones Siemens kickback trial in Athens

The political fallout over possible delays in the ongoing trial involving kickbacks in Greece by German multinational Siemens continued unabated on Wednesday. Reports emerged this week that indictments against several…

Govt eyes common front with social partners ahead of labor reform negotiations

By S. Papapetros & Y. Kanoupakis The leftist Greek government is apparently trying to muster internal support from so-called “social partners” – unions, employers’ groups, sector representatives – and establish…

Cosco aims to transform Piraeus into ‘maritime city’; sells stake in Naples port

By A. Tsiblakis Chinese shipping giant Cosco wants to transform the port of Piraeus into a “maritime city”, according to sources close to the Shanghai-based multinational. With a ratified, by…