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Tuesday, 23 February 2016

Greek-owned vessel to load LNG from new Gulf of Mexico facility

The Greek-owned liquefied natural gas carrier “Energy Atlantic” is ready, along with the “Asia Vision”, to load the first quantities of LNG from Cheniere’s Sabine Pass Terminal LNG facility in…

Monday, 22 February 2016

Greek FinMin: Greek banks will retain significant Balkan presence ‘if things go well for a decade’

The Greek finance minister on Monday evening, during debate in Parliament, promised a return to growth for the crisis-plagued Greek economy while “remaining (in Europe) and intervening in European structures,…

BoG Gov: Capital controls served to stop outflow of deposits

Bank of Greece (BoG) government Yannis Stournaras on Monday stated that imposed capital controls in the country – enacted in late June 2015 – served as a type of “public…

Executives’ group warns against even higher tax hike

Greece’s Association of Chief Executive Officers (EASE) warned against the imposition of even higher tax brackets for top executives in the country, amid reports that the Greek government’s economic team…

Blackmail arrests of Athens-area publisher, 2 journalists

Police in the greater Athens have reportedly arrested two journalists and a local publisher on charges of extortion, with press reports so far citing allegations of blackmail against the managements…

Αfghans on Greek border block rail line; demand to pass into neighboring country

A group of roughly 150 Afghans blocked the rail line on the Greek border with the former Yugoslav Republic of Macedonia (fYRoM) on Monday afternoon in protest to a decision…

BoG: 7.5% hike in travel surplus

The Bank of Greece on Monday announced increased travel-related revenues in December 2015, as compared to the corresponding month in 2014, even in the face of an overall decrease in…

New 0.05-tax on Greek lottery games implemented

The finance ministry on Monday announced that a ministerial decision slapping a 0.05-euro (five cents) every column of played numerical lottery games and sports bets offered by the Greek Organisation…

Reps of institutional creditors to return to Athens this week

Representatives of Greece’s institutional creditors will return to Athens within the week, a development reportedly aimed at smoothing the way for a return of the heads of creditors’ delegations. EU…

Merger of Chinese multinationals expected to affect Piraeus Port Authority

The merger of Chinese multinationals China Ocean Shipping (Group) Co. and China Shipping Group into China Cosco Shipping Corp. has created one of the world’s largest fleets of ocean-going commercial…

Govt: Tender process for TV licenses to begin in March

The Greek government on Monday announced that a tender for the issuance of broadcast television licenses will commence in March. Relevant infrastructure and networks minister Christos Spirtzis made the statement…

Non-performing loans in Greece reach explosive 43.6% of total

Nine-month figures (Jan-Sep 2015) show that the index gauging non-performing loans in Greece stood at 43.6 percent – totaling 89.3 billion euros – which marked an increase of four percentage…

Skopje govt blocks entry of people without passports, IDs

Hundreds of third country nationals, many identified as Afghans, have congregated on a northern Greece border post after the government of the neighboring former Yugoslav Republic of Macedonia (fYRoM) announced…

Revived interest in Thessaloniki-Izmir ferry boat link

A recent visit to Thessaloniki by a large municipal and business delegation from Izmir, the major port city in western Turkey, has revived hopes that a ferry boat link will…

Saturday, 20 February 2016

Moody’s upgrades Greek banks’ senior unsecured debt ratings

Moody’s Investors Service (Moody’s) has today upgraded to Ca from C the long-term senior debt ratings of Alpha  Bank AE, Eurobank Ergasias S.A., National Bank of Greece S.A., and Piraeus Bank S.A.…

Friday, 19 February 2016

EU focuses on Turkey for solution to refugee crisis

Brussels by Nikos Bellos An ongoing EU summit in Brussels has apparently failed to defuse the increasingly explosive situation in many member-states concerning the refugee crisis, although most European leaders…

Convicted migrant smugglers claim sentences too harsh; begin hunger strike

Twenty-two convicted migrant smugglers have reportedly begun a hunger strike at a jail on the eastern Aegean island of Chios, charging that their sentences were too harsh. The inmates are…

Merkel, Hollande cite need for rapid evaluation of Greek program; refugee crisis also discussed with Tsipras

By Nikos Bellos The need for an immediate completion of the first evaluation of the Greek problem was highlighted by German Chancellor Angela Merkel, French President Francois Hollande and Greek…

Greek industrial turnover index down 10.4% in 2015

The industrial turnover index in crisis-plagued Greece fell by an average of 10.4 percent in 2015, Hellenic Statistical Authority announced on Friday. The statistical service blamed a 14.6-percent increase in…

Greek current account deficit at 0.8 bln euros in Dec. 15

The Bank of Greece on Friday released figures on the current account deficit for December 2015, which showed a significant decrease in relation to the corresponding month of 2014, although…

Reports cite Italian interest in 20% bloc of Greek power grid operator

Greece’s Independent Power Transmission Operator S.A. (IPTO), known by its Greek-language acronym of ADMIE, is reportedly attracting the attention of Italian energy concerns ahead of the sale of 20 percent…

Commission rep in Athens: Greek gov’t now meeting obligation on the refugee crisis

by Vassilis Kostoulas  [email protected] @VasKostoulas   The Greek government is now meeting its obligations vis-a-vis the ongoing refugee crisis, according to the head of the Representation of the European Commission…

Study shows 6 out of 10 local entrepreneurs seeking franchise for under 100,000 euros

by Sophia Emmanouil [email protected] A majority of would-be entrepreneurs and small-to-medium investors in Greece are mainly focusing on food-and-beverage franchise concepts with a price tag of under 100,000 euros. Eateries…

Grimaldi, Piraeus Bank in tug of war over control of Hellenic Seaways

by Lambros Karageorgos [email protected] Control of Hellenic Seaways (HSW) is apparently hanging in the balance as Italy-based Grimaldi, through Minoan Lines and its recent purchase of HSW shares held by…

Thursday, 18 February 2016

Chalkidiki increasingly attractive for Scandinavian tourists

Tourist arrivals to Greece from the lucrative Scandinavia market are expected to increase by 4-5 percent this year, according to initial estimates collected during the “Grekland Panorama” exhibition last week…

Additional flights and carriers to inaugurate tourism season in Messinia prefecture

Nine new air routes to and from Kalamata’s “Kapetan Vassilis Konstantakopoulos” and an additional two carriers are the latest additions to the burgeoning tourism sector of Messinia prefecture, in extreme…

Decision to replace head of e-crimes police unit reversed

The greek government on Thursday apparently reversed an earlier decision to replace the long-time head of Greek Police’s (EL.AS) electronic crimes unit, Manolis Sfakianakis, after heated reactions and opposition criticism.…

Iconic Athens Hilton up for sale

The iconic Athens Hilton will apparently go on the sale block as Alpha Bank has commenced the process to sell the subsidiary that manages the five-star operation. Alpha Bank, one…

Dijsselbloem: Serious pension reforms submitted by Athens; open issues remain

Eurogroup head Jeroen Dijsselbloem on Thursday told European Parliament deputies here that the Greek government has submitted “serious” proposals on pension reform, although there are several issues “still open”. Moreover,…

Greek-Russian trade volume down 33.7 pct in 2015

The volume of trade between Greece and Russia fell by 33.7 pct to 2.8 billion US dollars in 2015, with Greek exports falling by 54 pct to 229.4 million dollars…