Economy Watch |

21042018Headline:

Lagarde: IMF committed to continuing support of Greece after fiscal program ends

Schinas: Commission working for conclusion of the Greek programme this summer
The European Commission is working hard for the successful conclusion of the Greek programme in the summer, the Commission’s spokesman Margaritis Schinas stated on Thursday. During his briefing to [...]

European Parliament calls on Turkey to swiftly release detained Greek soldiers
In a resolution adopted by an overwhelming majority of 607 MEPs on Thursday, the European Parliament has called on Turkey to swiftly conclude the judicial process and release two Greek soldiers held in [...]

Snam led consortium wins tender for 66% stake in DESFA

Economy
Foreign Ministry, Athens bourse work on promoting Greek businesses
The Foreign Ministry and the Athens Stock Exchange have signed an agreement to work together jointly promoting Greek businesses abroad and attracting international partners. The agreement aims at taking [...]
Economy
Greece has a big investment gap, PwC survey says
Greece has a big investment gap which has a negative impact on competitiveness and growth, a survey by PriceWaterhouseCoopers (PwC) said on Thursday. The survey, titled “From Recession to Recovery: [...]
Economy
Greek stocks extended their rally for the sixth successive session
Greek stocks extended their rally for the sixth successive session in the Athens Stock Exchange on Thursday, pushing the general index of the market closer to the 850-point level. The index rose 0.76 pct [...]

Economy
Economy Minister Dragasakis rules out new memorandum or credit line
There will be no extension of the Greek financial assistance programme when this ends in August, nor any precautionary credit line, Economy and Development Minister Yiannis Dragasakis said on Thursday. “There [...]
Economy
Greek merchant shipping fleet up in numbers, down in capacity
The Greek merchant shipping fleet grew in numbers but fell in capacity in February. The Greek fleet grew 0.7 pct in February to 1,855 ships, compared with the same month last year, after a 0.2 pct decline [...]
Economy
Greek industrial turnover index up 3.1 pct in February
The Greek industrial turnover composite index (measuring both the domestic and external markets) grew 3.1 pct in February this year compared with the same month last year, after a 21.5 pct increase recorded [...]

Defence Min Kammenos: Common national line against Turkey’s provocation

Politics
Struggle for freedom must be constant, says Amanatidis in Philhellenism Day message
“The struggle for freedom, solidarity and peace must be constant, ideas for which the movement of Philhellenism has fought and which Lord Byron served in his life,” Deputy Foreign Minister [...]
Politics
Draft law on adoption and fostering to drastically reduce waiting times, says Fotiou
The new draft law on fostering and adoption will speed up the procedures and drastically reduce waiting times for prospective parents, Alternate Social Solidarity Minister Theano Fotiou said on Thursday [...]

Politics
Athens Newspapers Headlines: Thursday 19/04 edition
The Thursday edition of Athens dailies at a glance DIΜΟΚRΑΤΙΑ: 66 dangerous days with Turkey ΕTHΝΟS: Elections of tension ΕLEFTHEROS TYPOS: The lists with the dividends in the Armed Forces ΕSΤΙΑ: [...]
Politics
UK Ambassador Smith: Britain closely following case of the two Greek soldiers in Turkey
Britain is closely following the case of the two Greek soldiers held in Turkey, the British Ambassador in Athens Kate Smith said on Wednesday, in an interview with the state broadcaster ERT. “We [...]

Co-pilot of Turkish helicopter to be released but with strict restrictions

Society
Athens mayor opposes new state company coordinating council projects
Athens mayor Giorgos Kaminis heavily opposed on Thursday a draft bill allowing for the introduction of a state company that will oversee local government building projects. Addressing a city council meeting, [...]
Society
PPC staff union GENOP confirms power shortages during strikes “but no blackouts”
Public Power Corporation staff union (GENOP) ruled out power blackouts during its upcoming strikes to protest the lignite units selloffs, its president Giorgos Adamidis said on Thursday. “The purpose [...]
Society
Search for Mirage 2000-5 debris delayed by bad weather
Bad weather conditions prevailing in the area did not allow the search and retrieval of debris from the crash of the Mirage 2000-5 military aircraft that crashed into the sea nine miles from the island [...]

Society
EP delegation to visit Greece to examine conditions for unaccompanied refugee children
A European Parliament delegation will visit Athens and the island of Lesvos on April 23-24 in order to examine the conditions for unaccompanied refugee children in Greece. The delegation will be comprised [...]
Society
Ships to sail as scheduled on Friday; Federation decides against extension of strike
The Panhellenic Seamen’s Federation (PNO) on Thursday decided not to extend their mobilisations after two days of strike action. Therefore all ships will carry out their scheduled routes after the [...]
Society
PPC workers to hold 48-hour strikes starting on Monday
The Public Power Corporation employees’ union (GENOP) will hold repeated 48-hour strikes starting on Monday. A three-hour work stoppage has also been declared for Friday from 07:00 to 10:00 and a [...]

Business
PPC approves acquisition of EDS
A Public Power Corporation (PPC) board council meeting formally approved the acquisition of EDS, an electricity energy trading and supply company in the former Yugoslav Republic of Macedonia, for 4.8 million [...]
Business
National Bank signs 640-mln-euro guarantee agreements with EIF
The European Investment Fund (EIF) and the National Bank of Greece (NBG) on Monday signed three guarantee agreements worth 640 million euros to improve access to finance for small and medium‑sized enterprises [...]
Business
Aegean Airlines says passenger traffic up 12 pct in Q1
Aegean Airlines and Olympic Air on Thursday said passenger traffic grew 12 pct in the first quarter of 2018, totaling 2.4 million passengers. The Greek airline, in an announcement said traffic was 1.1 [...]
Business
PPC to decide on acquisition of EDS on Friday
Public Power Corporation is just one step before finalising an agreement to acquire EDS, an electricity energy distributor in the Former Yugoslav Republic of Macedonia, as all necessary financial and legal [...]
Business
Fraport Greece says Ryanair remains “a strategic partner” after its cutback decision
Fraport Greece respects the needs and choices of Irish budget airline Ryanair to reduce its domestic flights in Greece, Fraport Greece general manager George Vilos said on Wednesday, and still considers [...]
Business
PPC extends tenure of chairman and CEO
Public Power Corporation (PPC) on Wednesday announced it was extending the tenure of its chairman and CEO, Emmanouel Panagiotakis, until its next regular general shareholders’ meeting. In an announcement [...]