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Monday, 11 April 2016

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,…

Tourists from former Yugoslav Republic of Macedonia top arrivals to Greece in 2015

Forget the pesky “name issue” still dogging official relations between Athens and Skopje, the Bank of Greece (BoG) reported this week that citizens of the former Yugoslav Republic of Macedonia…

Transports in Greece the latest casualty from refugee crisis

Repercussions from the ongoing refugee crisis, at least as far as Greece is concerned, have increasingly taken a toll on transports in northern Greece, with the major rail line leading…

Talks continue between Athens, ‘Quartet’ with 2 texts now the target for this week

Two texts are in the works to try and smooth over differences between Athens and institutional creditors, as reported since last week, with European creditors and the IMF still disagreeing…

Sunday, 10 April 2016

Schaeuble ‘optimistic’ over Greek program; rules out debt relief

The latest “see-saw” in terms of official statements on the Greek program came from none other than German Finance Minister Wolfgang Schaeuble on Sunday, who said on German television that…

Two Greek sites receive European Museum Forum special commendations

The European Museum of the Year Award (EMYA) 2016 was awarded to POLIN: the Museum of the History of Polish Jews, based in Warsaw, during a special ceremony in San Sebastian,…

Reports: Political decision for Greek issue on sidelines of upcoming IMF meeting in D.C.

By Dimitris Hatzinikolas The now pressing issue of the Greek program will be decided at next weekend’s annual IMF spring meeting in Washington, regardless of whether Athens and creditors agree…

Govt hopes landmark Cosco deal for Piraeus Port Authority a milestone for economic recovery

Greece experienced a desperately needed fillip on Friday with the signing of an agreement to sell a majority stake of the Piraeus Port Authority (OLP) to Chinese multinational Cosco, with…

Deadline for income tax returns extended to late June

The government on Friday announced that the deadline for submitting tax returns in Greece has been extended until late June, following the technical glitches that the online system exhibited during…

State debts to private sector jumps to 6 bln euros in Feb. 2016

By Giorgos Paletsakis The state’s debts (general government) to the private sector jumped to 6.059 billion euros in February, an increase of 539 million compared with the previous month and…

Greek FinMin optimistic over negotiations with creditors; source nevertheless says NPLs still an obstacle

Greek Finance Minister Euclid Tsakalotos appeared optimistic over the weekend about the course of closely watched negotiations between Athens and institutional creditors – the “Quartet”. Tsakalotos referred to “progress in…

Tear gas, stun grenades in latest border incident involving refugees, fYRoM police

Police in the neighboring Former Yugoslav Republic of Macedonia (fYRoM) on Sunday blocked Mideast refugees attempting to cross the border from Greece at the Idomeni border post, with tear gas…

Saturday, 09 April 2016

More deaths reported in eastern Aegean waters

The bodies of a child and four women were recovered northeast of the eastern Aegean island of Samos on Saturday morning, while another five people – including a minor –…

Friday, 08 April 2016

ND leader revisits proposal to give overseas Greeks right to vote in Greece elections

Main opposition New Democracy leader Kyriakos Mitsotakis on Friday revisited a pledge made years ago by his center-right party to give overseas Greeks the right to vote in Greek national…

EZ source: Pending agreement depends on Greek govt; Dijsselbloem: No deadline

Eurozone sources in Brussels on Friday evening underlined the need for a “comprehensive package of measures and reforms” within the next few days by the Greek government, in order to…

124 foreign nationals deported from Lesvos on Friday as EU-Turkey agreement kicks in

A total of 124 third country nationals who had not filed requests for asylum in Greece were deported to Turkey from the eastern Aegean island of Lesvos (Lesbos) on Friday,…

Outstanding debts to state up by 1.29 bln€ in Feb. 2016

Outstanding debuts to the state increased by 1.299 billion euros in February, according to updated figures supplied by the relevant finance ministry general secretariat on Friday. The increase was 2.755…

Creditors’ representatives in Brussels to brief Eurogroup Working Group over negotiations with Athens

By Nikos Bellos Representatives of institutional creditors departed Athens on Friday in order to participate in a scheduled meeting with the Eurogroup Working Group in Brussels, although they are expected…

Transfer of Piraeus port to Cosco on Friday; workers protest through Athens

A signing ceremony will take place in Athens on Friday afternoon to finalize a contract transferring the majority of the Piraeus Port Authority’s (OLP) shares and the port’s management to…

ICAP: Greek economy was rebounding in 2014, H1 2015

The Athens-based ICAP business survey group on Friday released a report showing that the Greek economy in 2014 and during the first half of 2015 posted positive results, the first…

Creditors representatives in Brussels to brief superiors over talks with Greek govt

Representatives of institutional creditors departed Athens on Friday in order to brief their respective leaderships in Brussels, although they are expected back in the Greek capital on Saturday. Only contacts…

No progress between Athens, creditors on social security reform

By Stelios Papapetros No progress was reported from Thursday’s negotiations in Athens between Greek labor ministry officials and institutional creditors on the issue of social security reforms, with the biggest…

Contract transferring Piraeus port to Cosco on Friday

A signing ceremony will take place at the Maximos Mansion government headquarters on Friday to finalize a contract transferring the majority shares of the Piraeus Port Authority (OLP) to Chinese…

Refugee crisis simmers at several spots around Greece

Developments on the refugee crisis front continued unabated around Greece on Thursday and Friday morning amid ominous reports out of neighboring Turkey of yet more obstacles by Ankara to implementing…

Greek pro basketball player to acquire Turkish passport; mother hailed from Marmara Sea isle

Panathinaikos power forward Antonis Fotsis will acquire a Turkish passport in a couple of months, according to press reports. The Greece international, whose career stints also include a year in…

Piraeus Bank chairman sees return to profits for 2016; property values ‘bottomed out’

Piraeus Bank, one of four systemic banks in Greece and often among the most “Bullish”, will return to profitability in 2016, group chairman Mihalis Sallas said this week. He based…

Govt: deal with IMF still tricky; FinMin cites ‘obstacle’ to disbursement of ESM installment

A looming compromise between Greece’s institutional creditors to overcome differences over the Greek program (the third bailout) entails two texts, with European creditors (Commission, ECB, ESM) ready to sign off…

Thursday, 07 April 2016

ELA-ceiling for Greek banks reduced

The European Central Bank’s governing council on Wednesday accepted a request by the Bank of Greece for a reduction in the ELA-ceiling for Greek banks to €69.9 billion. According to…

Split decision by journalist union’s disciplinary board raises charges of censureship, press freedom

A split decision (3-2) by the Athens Journalists’ Union’s (ESIEA) first instance disciplinary council this week to censure and slap penalties on a handful of broadcast journalists for their alleged…

Wednesday, 06 April 2016

Govt, creditors reportedly agree to minimum pension’ rate of 384€ / month for 20 years of contributions

One of the primary pension reforms under discussion between the Greek government and institutional creditors, namely, the minimum level of a “national pension”, appears to have been resolved, with 384…