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Tuesday, 14 June 2016

Regling to Euronews: Loan tranche to Greece possibly this week

A long-awaited disbursement of a 7.5-billion-euro loan tranche to Greece could be finally approved during Thursday’s Eurogroup meeting in Luxembourg, European Stability Mechanism (ESM) head Klaus Regling told Euronews on…

Police operation to evacuate remaining makeshift refugee camps near Idomeni

Authorities on Tuesday morning proceeded with an operation to evacuate another two makeshift refugee camps near the Idomeni border post in extreme northern Greece. One of the camps is located…

BoG eyes ‘small banks’ in licensing for NPLs secondary market

By A. Doga The Bank of Greece (BoG) is reportedly considering a framework for the upcoming licensing of companies managing and purchasing non-performing loans (NPLs) in the country that would…

Tax bureau threatens to publish names of individuals, firms with more than 150K in arrears

The memorandum-mandated publication of names of both individuals and companies with outstanding debts to the state will reportedly come within the next few weeks. A relevant general secretariat for public…

Monday, 13 June 2016

Greek veto of membership of 2 organizations from fYRoM, T/C pseudo-state in UEAPME

Greek representatives at an annual board meeting of the European Association of Craft, Small and Medium-sized Enterprises (UEAPME) blocked recognition a pair of groups, from the former Yugoslav Republic of…

197 mln€ in renovations for six state-run airports via ‘Juncker package’

Greece’s transport ministry is reportedly allocating 197 million euros for upgrades at six regional airports not included in a tranche of 14 facilities handed to a consortium led by Germany’s…

Privatization target for Athens now 6.1 bln€ through 2018

The figure that the leftist Greek government must derive from privatizations until August 2018, when the ongoing third bailout is due to end, is no less than 6.1 billion euros.…

First review delay forced Athens to cover 6.3 bln€ in obligations during H1 without creditors

By Th. Tsiros The delay in achieving a first review of the Greek program (third bailout) over the first half of 2016 forced the Greek government to cover obligations of…

Changes in Greek tax code linked to revised agreement with institutional creditors

An array of new measures directly related to Greece’s tax code is reportedly included in the government’s latest agreement with institutional creditors, part of a revision of the third memorandum.…

Sunday, 12 June 2016

Govt banking on change of public debate away from bailout, fiscal reform

By D. Hatzinikolas   The leftist Greek government is reportedly considering different strategy to divert the public dialogue from the ongoing negotiations with institutional creditors and fiscal matters to issues…

German media report: Closure of ‘Balkan route’ crucial to stemming refugee flows

Closure of the so-called “Balkan route” proved more effective than a EU-Turkey agreement to curb the flow of Mideast refugees towards Europe, “Welt am Sonntag” reports on Sunday in quoting…

Saturday, 11 June 2016

“N” reveals list of prior actions Athens must take before next loan tranche released

“N” published on Saturday a list of the 15 “prior actions” that the Greek government must implement before the last of two loan tranches – the second being 2.8 billion…

Friday, 10 June 2016

More than 22K visitors passed through Posidonia 2016 gates

More than 22,000 sector-related professionals visited this year’s Posidonia 2016 maritime exhibition at a port of Piraeus exposition center over the past week. The week-long biennial trade exhibition fielded participation…

Containers with military equipment, ammo located aboard vessel

Two containers filled with military equipment and ammunition were located on Thursday aboard an Antigua-flagged freighter sailing near the Kafireas Strait (Cavo d’Oro) southeast of the island of Evia. According…

Moody’s cites credit positive development with decrease in Greek banks’ NPLs in Q1

Moody’s on Friday referred to a “credit positive” development in terms of Greek banks’ exposure to non-performing loans, after Q1 2016 results showed that decreasing exposure for a second consecutive…

Govt officials: 5% stake in telephone utility may be sold this month

The possibility of selling-off a 5-percent stake the state still owns in the one-time Greek telephony monopoly (OTE) even within the month — and ahead of a Eurogroup meeting on…

Strikes at ports of Piraeus, Thessaloniki threaten cruise ship schedule

An ongoing strike at the ports of Piraeus and Thessaloniki, the country’s two largest such facilities, threatens to derail the all-important cruise ship itinerary at the former and to make…

Thursday, 09 June 2016

Helleniko real estate project master plan detailed

A master plan for the landmark Helleniko real estate project, overseen by Athens-based Lamda Development for the main investment vehicle, Global Investment Group, foresees a 915-million-euro payment to the Greek…

EWG OKs 7.5-bln€ bailout tranche for Athens; last step is ESM approval

The EuroWorking Group on Thursday evening gave its “green light” towards the disbursement of a 7.5-billion-euro loan tranche to Greece, two weeks after a Eurogroup meeting paved the way for…

Tsipras: ‘New Greek constitution for 2021’

Greek Prime Minister Alexis Tsipras on Thursday referred to a “deep democratic change” in the country, addressing party cadres of his ruling SYRIZA party’s political secretariat. He framed this “major…

Ban-ki Moon on Lesvos next week

UN Chief Ban-ki Moon will visit Athens and the eastern Aegean island of Lesvos between June 17 and June 19, his office announced on Thursday. He will meet with Greek…

Initial agreement over prospect of natgas pipeline connecting east Med to Europe, via Greece

A subsidiary of Greek natgas supplier DE.PA along with Italy’s Edison on Thursday signed a preliminary agreement with Houston-based Noble Energy for the construction of an undersea pipeline connecting a…

First round of supplementary pension cuts at hand

Roughly 220,000 Greek pensioners will face reductions in supplementary monthly benefits of up to 40 percent if the combined total of primary and supplementary social security payments exceeds 1,300 euros…

Greek jobless rate at 24.1% in March 2016

Unemployment in Greece reached 24.1 percent in March, seasonally adjusted, slightly down from the 25.7 percent in March 2015 and 24.2 in February 2016. According to figures by the state-run…

ND leader Mitsotakis: Greek govt’s failed negotiations sliced 21 bln euros off GDP

Main opposition New Democracy (ND) party leader Kyriakos Mitsotakis on Wednesday emphasized that the current leftist government will not implement reforms necessary for the country, “because, deep down, it is…

The destructive consequences of the exorbitant taxation of real estate

By Dimitris Christelis Research Fellow, University of Naples Federico II During the crisis Greek governments, under pressure from the Troika, dramatically increased taxes on real estate ownership. Receipts from these…

Gov’t: plan for online licensing of new businesses to cut ‘red tape’

The relevant deputy economy and development minister on Wednesday revealed a government plan to institute an electronic licensing system for most Greek businesses, which have operated for decades in one…

DNV GL, Prisma Electronics team up to offer advance fleet performance management system

DNV GL and Prisma Electronics signed a partnership agreement on fleet performance management this week on the sidelines of the biennial Posidonia maritime exhibition at the port of Piraeus. The…

Wednesday, 08 June 2016

Bundestag committee delays vote on Greek program, cites ‘small number’ of prior actions remaining

The Bundestag’s budget committee on Wednesday postponed a decision on ratifying a 7.5-billion-euro loan tranche to Greece for its next session, saying Athens first needs to implement a “small number”…

All of the ancient Antikythera Mechanism’s inscriptions set for publication

A complete rendering of all the inscriptions inside the Antikythera Mechanism will be presented for the first time on Thursday in Piraeus, the culmination of a 10-year project by an…