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Sunday, 29 May 2016

Opposition charges govt passed article allowing ministers, lawmakers to participate in off-shore companies

An obscure article buried in 7,500 pages of an omnibus draft law passed by a slim majority in Parliament last weekend that allows ministers, deputies and ministry general secretaries to…

Opinion poll gives ND 8-percentage point lead over ruling SYRIZA; 9 out 10 respondents unhappy with govt

Main opposition New Democracy (ND) agains picked up the biggest percentage of respondents’ preferences in a recent opinion poll presented on Friday evening by a local broadcaster, with 25.5 percent…

Creditors want Helleniko land development project, other ‘open issues’ resolved before June 2 ECB meeting

By N. Bellos European institutions have reportedly informed the Greek government that all “open issues” related to the recently achieved conclusion of the first review of the Greek program (third…

Top archaeologist certain excavations at ancient Stageira have revealed Aristotle’s tomb

The chief archaeologist in the excavations at the ancient Stageira site appears certain that a monument uncovered there, and the years of research that followed, is dedicated to the ancient…

Saturday, 28 May 2016

Putin arrives on Mount Athos for private visit to iconic Russian-influenced Orthodox monastery

Russian President Vladimir Putin on Saturday referred to the “mutual rapport” between the Russian and Greek people, during his arrival in the semi-autonomous monastic community of Mount Athos. “This year…

Greek refinery group signs deal with Russia’s Rosneft for crude oil deliveries

Greece’s state-controlled Hellenic Petroleum (EL.PE) refinery group on Friday signed a MoU for the purchase of crude oil from Russian oil provider Rosneft. The agreement came during a same-day visit…

Friday, 27 May 2016

Putin in Greece: We must transform good relations into economic results

Russian President Vladimir Putin referred to energy, the hi-tech sector and infrastructure projects as areas where his country and investment-starved Greece can cooperate, as he arrived in Greece for a…

Tsipras in China in early July: govt sources

Greek Prime Minister Alexis Tsipras will pay an official visit to China between July 2 and 6, government sources said on Friday, the same day as a visit to the…

ESM Sec-Gen Janse cites very low interest rates for loans to Greece

The European Stability Mechanism (ESM) and European Financial Stability Fund (EFSF) have “locked” the current low interest rates for certain long-term bond issues, a development that benefits Greece, ESM secretary general…

Putin arrives in Athens; visit to Mount Athos on Sat.

Russian President Vladimir Putin arrived in Athens on Friday afternoon to begin a two-day official visit to the country, his first in a decade, with the highlight being his official…

Govt: VW Group vehicles in Greece with ‘defeat device’ sofware total nearly 19.5K

The government on Friday said 19,464 Volkswagen Group vehicles in Greece are believed to carry the so-called “defeat device” software, which is at the center of the ongoing “diesel dupe”…

SYRIZA MP’s column referring to ‘class war’ raises eyebrows

The latest mini furor to erupt at the end of the week on Greece’s political landscape follows a controversial column by a ruling SYRIZA party MP, who on Thursday referred…

Govt to unveil ‘declaration of wealth’ statement in bid to curb tax evasion

By G. Kouros The latest initiative coming out of the finance ministry to combat endemic tax evasion in the country is called a “declaration of wealth” statement, which will purportedly…

Minister tries to counter criticism after govt announces plan to ‘legalize’ bogus diplomas of 2,500 civil servants

The relevant education minister on Thursday tried to deflect a rising firestorm of political criticism after his ministry announced that it would “legalize”, through written examinations, fake secondary education diplomas…

Govt dilemma on where to find 120 mln€ given in 2016 for soon-to-be cut low-income pension bonus

By S. Papapetros The first post-review hurdle faced by the government, and specifically the labor ministry, will be to cover a 120-million-euro gap for 2016 that was originally expected to…

Thursday, 26 May 2016

Idomeni camp finally cleared

The makeshift refugee / migrant camp at Idomeni was finally cleared of its last occupants on Thursday evening, according to Greek authorities, two days after an operation to transfer the…

United Airlines daily flights to connect Athens with NYC area

United Airlines commence flights from Athens to the New York City area this week, connecting Newark Liberty International Airport with the Greek capital. The Athens-Newark-Athens route began on Thursday and will continue daily…

Greek archaeologists say they’ve pinpointed Aristotle’s honored tomb, monument

Archaeologists in the northern city of Thessaloniki on Thursday are expected to announce that they have pinpointed the tomb of one of Classical antiquity’s pre-eminent philosophers, none other than Aristotle.…

Top aide to Iranian supreme leader: Independent Kurdish state in Mideast not viable

By G. D. Pavlopoulos The head of international relations for Iranian supreme leader Ayatollah Ali Khamenei told “N” this week that Tehran is against the declaration of an autonomous Kurdish…

Creditors insist on NPLs changes, privatizations before first loan installment disbursed

A bevy of open issues remain unresolved in the wake of Tuesday’s approval by the Eurogroup of the first review for the Greek program, particularly in terms of a much…

Govt: Income tax deductible through e-transactions

The government is eying changes to the income tax code to allow for greater deductions based on electronic transactions – as opposed to cash purchase receipts – as well as…

Saving Greece: A never ending story?

By Klaus Schrader, David Benček, Claus-Friedrich-Laaser Kiel Institute for the World Economy, IfW In 2014, there was evidence that Greece’s economic situation would take a turn for the better for the first…

Wednesday, 25 May 2016

Merkel-Mitsotakis meeting in Luxembourg on Mon.

Main opposition New Democracy (ND) leader Kyriakos Mitsotakis is scheduled to meet with German Chancellor Angela Merkel on Monday, on the sidelines of a European Peoples Party (EPP) event in…

Brexit: In or Out?

Two British analysts answer Naftemporiki’s question: Should Britain leave the EU? By Vassilis Kostoulas [email protected] @VasKostoulas Britain should not leave the EU – it should lead the EU By Edward Douglas …

Pilot program granting tourist visas on Greek isles for visitors arriving from Turkey extended

A pilot program that allows for the issuance of tourist visas for tourists arriving from Turkey on several eastern Aegean islands has been extended for another year. The islands of…

Lonely Planet ranks the Peloponnese as top European destination for 2016

The Lonely Planet website this week ranked the Peloponnese, Greece’s southern-most mainland province, as its top European destination for 2016. The iconic print and Internet travel group describes the Peloponnese…

Greek finance ministry now tasked with collecting 31.5 bln€ between May-Dec

Greece’s finance ministry now takes center stage in the wake of Tuesday’s late-night approval of the first review of the Greek program, with the goal none other than meeting fiscal…

Domestic lenders eye first benefits from Eurogroup review of Greek program

By A. Doga Potential benefits of between 400 and 500 million euros per year for Greece’s battered banking sector is one result that is expected from the first review of…

Prior actions before disbursement of 2 loan doses; Greek debt relief ‘road map’ attached to first review completion

By N. Bellos A delayed first review of the Greek program (third bailout) was finally concluded after yet another all-night session at the Eurogroup in Brussels, with the highlights being…

Eurogroup statement on Greece

The Eurogroup welcomes that a full staff-level agreement has been reached between Greece and the institutions. Also, the Eurogroup notes with satisfaction that the Greek authorities and the European institutions…