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Wednesday, 13 April 2016

Necropolis with 80 skeletons of executed men discovered; possibly linked to ancient Athenian coup

Excavation works have uncovered a mass grave dated to the 7th century BC containing the skeletons of 80 men, possibly the executed supporters of a failed ancient coup, at a…

Uncle Sam’s «wings» join Greek F16s in Acropolis flyover

A formation of two Hellenic Air Force F-16s and two USAF F-15s flew low over the Athenian landscape on a brilliantly lit Wednesday morning as part of the military exercise…

Report: Govt now considering 24% VAT rate in top category

Press reports in Athens on Wednesday claimed the increasingly pressed Greek government is considering the option of raising the highest VAT rate even more, by one percentage point to 24…

Alt. FinMin releases details of voluntary taxes paid by shipowners, companies

A tax on the possession of ocean-going vessels generated a modest 17 million euros in 2015 for state coffers, the alternate finance ministers said in Parliament on Wednesday. Minister Tryfon…

Draft bill includes variety of direct, indirect tax hikes; no prior approval by creditors

 Draft bill includes variety of direct, indirect tax hikes; no prior approval by creditors       By Giorgos Kouros A draft bill expected to be tabled next week without…

IMF’s ‘hard line’ among lenders behind Tsipras govt’s latest ‘diplomatic offensive’

By Dimitris Hatzinikolas   The IMF’s insistence on covering supplementary funds’ deficits exclusively from cuts in benefits and the thorny issue of non-performing loans in the country – now upwards…

IOBE: Greek economy to shrink in 2016, by 1% of GDP; deflation also predicted

The Greek economy will continue to recede in 2016, with GDP forecast to fall by 1 percent, the Athens-based Foundation for Economic & Industrial Research (IOBE) said on Wednesday, in…

Govt: More than 53K refugees, irregular migrants in Greece

A total of 53,661 Mideast refugees and migrants – recent arrivals over the past year and a half – remained stranded in Greece, a government coordinating body set up to…

Draft pension reform bill expected to include cuts to auxiliary benefits, raise contributions

By Stelios Papapetros A draft bill on pension reform, abruptly announced on Tuesday, will include most of the adjustments reported over the past few months in negotiations between Athens and…

Tuesday, 12 April 2016

Football … ‘Grexit’ avoided

The possibility of “Grexit” from international football play appeared to greatly diminish on Tuesday after the relevant sports deputy minister said the government agreed with the country’s football federation (EPO)…

Tsipras in Paris to press Athens’ case over negotiations with creditors, IMF

Greek Prime Minister Alexis Tsipras will pay a lightning visit to Paris on Wednesday for talks with French President Francois Hollande, a meeting where the former is expected to press…

Bank association: No ECB decision to withdraw 500€ notes

The Hellenic Bank Association on Tuesday clarified that no decision has been made by the ECB regarding the withdrawal of the 500-euro bank notes from circulation. Nevertheless, the association, which…

Govt sets minimum price of 3 mln€ for TV license auction; only four offered

The government on Tuesday set a “minimum price tag” of three million euros for each of four nationwide terrestrial broadcast licenses it intends to auction off in the coming period.…

Ιsraeli start-up competition for Greek entrepreneurs again scheduled this year

The Israeli embassy in Greece and Industry Disruptors-Game Changers (ID-GC), a Greek organization that promotes innovative entrepreneurship, will again organize a competition-event tailored for Greek start-uppers, part of the “Start…

Athens again points to IMF for delays in first review

The Greek government on Tuesday confirmed that talks with institutional creditors will resume on Monday, with a spokeswoman also aiming criticism at the IMF’s stance in negotiations between Athens and…

3-way differences over possible start to debt relief talks for Greece

A three-way “tug-of-war” over the simmering issue of debt relief for Greece appears headed to the upcoming IMF spring meeting in Washington, with Athens eagerly pusshing for a start of…

March 2016 job figures show positive trend

By Stelios Papapetros March 2016 recorded a positive trend in Greece’s employment sector, with 29,351 more jobs created as opposed to job spots lost. Specifically, based on figures released by…

Greek police step up patrols, security near Idomeni camp

Greek police this week stepped up patrols and checks in and around the makeshift Idomeni refugee camp on the border with the former Yugoslav Republic of Macedonia (fYRoM) after repeated…

Another 35 vessels added to the Greek registry in 2016

Another 35 vessels were added to the Greek registry since the beginning of the year, with ships belonging to 12 Greek-controlled shipping companies – a welcome development for the all-important…

Athens, creditors end negotiations without agreement this week; resumption at IMF setting

The latest round of negotiations between the Greek government and the “quartet” of institutional creditors concluded at 2 a.m. on Tuesday morning without any agreement, with talks expected to resume…

Monday, 11 April 2016

Benaki teams up with Costa Navarino, Athens Airport for exhibition commemorating 120th anniversary of first modern Olympic Games

The renowned Benaki Museum of Athens, in partnership with the Costa Navarino resort in southwest Greece and the Athens International Airport (AIA), will sponsor a special photographic exhibition this year…

Govt to extend ban on sale of NPLs to distress funds until May 15

The government on Monday signaled its intent to offer another one-month extension to a ban on the sell-off of non-performing loans held by Greek banks to distress funds. The previous…

“Myths and truths about the Greek Public Debt”

timely event entitled “Myths and truths about the Greek Public Debt Before and after the PSI / OSI”, will be held in central Athens on Tuesday, with one of the…

Northern Greece exporters push for Thessaloniki port privatization

The Association of Northern Greece Exporters on Monday called for an acceleration in the process to privatize the Thessaloniki Port Authority (OLTh), following the successful privatization of the port of…

Commission spokeswoman again refers to ‘progress’ in talks between Athens, lenders

A Commission spokeswoman on Monday forwarded a more positive view of ongoing negotiations Athens and its institutional lenders, again referring to “progress”, during a same-day press briefings. Mina Andreeva nevertheless…

Latest attempt by refugees to break through northern border, scenes of violence raises concerns

Sunday’s violence at the Idomeni border post on the frontier between Greece and the former Yugoslav Republic of Macedonia (fYRoM) came after police from the neighboring state used tear gas,…

Ministry source: ‘Absolute impasse’ in negotiations with creditors’ over supplementary pension issue

By Stelios Papapetros Differences over the issue of supplementary pensions between the leftist Greek government and institutional creditors remain unsolved, with the latest late-night meeting in Athens on Sunday evening…

Greek, Portuguese PMs sign joint declaration to cooperate against austerity policies

The Greek and Portuguese prime ministers signed a joint statement against austerity on Monday, during a visit to Athens by the latter’s head of government. Alexis Tsipras and Antonio Costa…

Reports: Carnival eyes Piraeus as home port after Cosco deal

Chinese multinational Cosco’s persistence and patience over the past decade paid off in the end with the international port operator and shipper’s eventual purchase of a majority stake of the…

Banks weary of another 30 bln€ being added to NPLs total

By Anna Doga Greece’s systemic banks are apparently trying to head off upwards of 30 billion euros worth of various types of loan portfolios from sliding into the “non-performing” status,…