Economy Watch |

24062018Headline:

Eurogroup reaches agreement on Greek debt relief

FinMin Tsakalotos: “We can return to the markets”
The government is happy with the agreement reached by the Eurogroup, Finance Minister Euclid Tsakalotos said from Luxembourg following the Eurogroup that approved Greece’s final review and debt relief [...]

Eurogroup statement on conclusion of ESM program
The Eurogroup congratulated the Greek government and the Greek people for the successful conclusion of the ESM program and noted the importance of continuing the reforms. In an official statement following [...]

Moscovici: Eurogroup agreement on Greece “an exceptional, historic moment”

Economy
ESM’s Klaus Regling notes solidarity of Eurogroup countries to Greece
Europrean Stability Mechanism (ESM) Managing Director Klaus Regling called the Eurogroup agreement on Greece “a historic moment” for Greece and the Eurozone, at a press conference following [...]
Economy
EC President Juncker: I pay tribute to the Greek people
European Commission President Jean-Claude Juncker welcomed the Eurogroup agreement on Greece’s last loan tranche and debt relief measures early on Friday, through Twitter. In his tweet, Juncker said, [...]
Economy
Centeno: “The Greek debt is sustainable going forward”
The Greek debt is sustainable going forward, Eurogroup President Mario Centeno said at a press conference following the group’s marathon meeting in Luxembourg that began on Thursday afternoon and [...]

Economy
Lagarde notes Eurozone commitment for further debt relief measures if necessary
IFM Managing Director Christine Lagarde said at a press conference following the Eurogroup early on Friday that she shares the sense of European officials that the agreement on Greece’s program is [...]
Economy
Finance Ministry tables draft bill on money laundering
A draft bill against money laundering was tabled in Parliament by the Finance Ministry on Thursday. The bill incorporates a European Union directive on the issue, and includes provisions that relate to [...]
Economy
Undeclared employment fell to 12.4 pct in 2017
The rate of undeclared employment fell to 12.4 pct in 2017, from 13.58 pct in 2016, 16.48 pct in 2015 and 19.17 pct in 2014, official figures showed on Tuesday. A report by the “Artemis” business [...]

ND leader Mitsotakis: Ruling coalition is “damaging to Greece”

Politics
Defence Min. Kammenos: A new day dawns for the Greek people
“A new day dawns for the Greek people, the era of loan memoranda is over,” National Defence Minister Panos Kammenos said early on Friday in a tweet. Following the Eurogroup decision on Greece’s [...]
Politics
FM Nikos Kotzias: FYROM name deal is an example of solving differences
The reaching of an agreement with FYROM over the name dispute is an example of solving significant differences in the broader southeastern Mediterranean, said Foreign Minister Nikos Kotzias on Thursday, [...]

Politics
PM ALexis Tsipras to visit London, meet with May and Corbyn
Prime Minister Alexis Tsipras will pay an official visit to London on Monday. During his visit, he will have a meeting with his British counterpart Theresa May, as well as the leader of the Labour Party [...]
Politics
Pavlopoulos: Greece must be ‘strong and respected’, live up to its potential
Greece needs to restore its prestige, both within its European family and in the international arena, “to that level that gives our people and nation the strength and means to make their own contribution [...]

Vodafone technician’s death in 2005 a result of criminal action, not suicide, Greek prosecutor finds

Society
Kouroumblis appeals to Frontex for ‘fair treatment’
An appeal to the European border agency FRONTEX for “fair treatment” of Greece – with greater funding for the support of Greek coast guard vessels used to tackle migration in the Aegean [...]
Society
Acropolis Museum celebrates ninth ‘birthday’
The Acropolis Museum has received more than 1.66 million visitors over the past year, with a sharp rise in the number of foreigners visiting its collections, the museum’s curator Prof. Dimitris Pandermalis [...]
Society
Policing to increase in Exarchia, says Toskas
Policing of the central Athens area of Exarchia will pick up after the completion of work in western Attica, said Citizen Protection Minister Nikos Toskas on Wednesday. “There have been large steps [...]

Society
Police arrest two men in Crete for church theft
Police have arrested two men in Crete in connection to 36 counts of theft from churches on the island. The two men, aged 33 and 36, were caught trying to break into a church in Lasithi, eastern Crete, [...]
Society
Police arrest two alleged leaders of drug ring
Two locals alleged to be among the leaders of a drug-dealing ring were arrested early Wednesday in the area of Malgara, Thessaloniki. The suspects, a 42-year-old man and a 26-year-old woman were driving [...]
Society
Saronikos coastline beaches certifiably clean, samples show
The beaches of the Saronikos municipality SE of Athens are clear of petroleum residues, according to an announcement issued by the National Council of Accreditation “Analytika Ergastiria Athinon” [...]

Business
Six bids made on sale of PPC lignite units
Public Power Corporation (PPC) said Thursday it received six bids from investors for the sale of lignite units in Melitis and/or Megalopolis. The bids came from: 1. BEIJING GUOHUA POWER COMPANY LIMITED [...]
Business
National Bank offloads 2 bln euro loan portfolio
National Bank of Greece (NBG) said Thursday that it sold a portfolio of non performing loans to Carval Investors and Intrum AB as part of efforts to reduce bad loans. The portfolio offloaded by NBG has [...]
Business
FF GROUP: Announcement
Regarding the recent developments, the management of FF Group considers the Hellenic Capital Market Commission’s position that the Group refused to carry out a full audit is a product of misunderstanding, [...]
Business
Three new super-panamax cranes arrive at Cosco terminal in Piraeus
Cosco received three new super-post panamax cranes at its container terminal in Piraeus that will help increase the rate of loading and unloading containers on and off ships. The three container cranes [...]
Business
Piraeus Bank releases survey on non-viable enterprises
If non-viable enterprises could operate under the terms of viable enterprises, their operating profits (and the added value of the Greek economy) could be raised by 2.6 billion euros annually and the turnover [...]
Business
Innovation Brain confirms interest for Hellenic Sugar Industry
Innovation Brain, a fund seeking value creation through Turnaround, Innovation and Growth, on Wednesday confirmed its interest for Hellenic Sugar Industry. In an announcement, Lukas Fecker, CEO and founder [...]