Economy Watch |

22052018Headline:

FM Kotzias meets State Dept Secretary Pompeo in Washington

PM Alexis Tsipras: There are still some steps to be taken in the final stretch
The conclusion of the fourth programme review is one more decisive step towards a final exit from the memorandum period, but it is not the only one, Prime Minister Alexis Tsipras said on Monday during [...]

Greece expects to maintain high growth rates in investments, report says
Greece is expected to maintain high growth rates in investments, after a 9.5 pct annual growth rate in 2017, with the European Commission estimating double-digit growth rates in 2018 and 2019, the economy [...]

Decisions on new property tax values, Enfia bill set for June

Economy
Greek stocks ended flat in the ASE on Monday
Greek stocks ended flat in the Athens Stock Exchange on Monday, as selected buying halted a five-day decline of the market. The general index rose 0.21 pct to end at 784.46 points. The Large Cap index [...]
Economy
ELSTAT: Greek industrial turnover index up 3.4 pct in March
The Greek industrial turnover index grew 3.4 pct in March this year compared with the same month in 2017, after a 25.6 pct increase recorded in the 2017/2016 period, Hellenic Statistical Authority said [...]
Economy
Bank of Greece: Greek current account deficit slightly up in Q1
The Greek current account deficit was slightly higher in the first quarter of 2018 compared with the same period in 2017, the Bank of Greece said on Monday. In a report, the central bank said that in the [...]

Economy
SEV: Markets would appreciate a continuation of reforms
“Markets would appreciate the continuation and deepening of reforms that have not yet been fully implemented, and for the country to exploit its comparative advantages, establishing the implementation [...]
Economy
Greek embassy in London: Greek-UK trade volume up 20 pct in Q1
Greek-UK trade volume grew 20 pct in the first quarter of 2018 totaling 541.51 million pounds, from 451.26 million in the same period last year, the Greek embassy in London said in a report. The report, [...]
Economy
Workforce Employment Organisation: Registered unemployment down in April
Registered unemployment fell 5.48 pct in April relative to March, with 48,496 fewer unemployed in the month, the Workforce Employment Organisation (OAED) said in a report released on Friday. In April, [...]

New Democracy responds to PM linking party with attack on Thessaloniki mayor

Politics
Athens Newspapers Headlines: Tuesday 22/05 edition
The Tuesday edition of Athens dailies at a glance DIΜΟΚRΑΤΙΑ: Dark game ΕTHΝΟS: Changes in Katselli’s law ΕSΤΙΑ: The wave of the North will “suffocate” Mr Tsipras ΕLEFTHEROS [...]
Politics
Commission spokesperson: Attack against Mayor Boutaris ‘shameless and unethical’
The attack against Thessaloniki Mayor Yiannis Boutaris was “shameless and unethical”, European Commission Spokesman Margaritis Schinas said on Monday, during an address at the annual meeting [...]

Politics
Mayor Boutaris calls on parties to protect democracy against extremists
Thessaloniki Mayor Yannis Boutaris, who had to be hospitalized after an attack by extreme-right thugs on Saturday, called on all parties to condemn violence and help preserve democratic dialogue and understanding [...]
Politics
PM Tsipras calls Thessaloniki mayor in wake of attack against him
Prime Minister Alexis Tsipras called Thessaloniki Mayor Yiannis Boutaris on the telephone on Monday and wished him a speedy recovery after the assault against him on Saturday. The prime minister, who spoke [...]

Millions of illegal cigarettes confiscated, 18 arrested so far

Society
Rouvikonas storms Council of State, minor damages to building
About 70 members of the Rouvikonas anarchist group stormed into the Council of State in central Athens on Monday causing minor damages to the entrance of the building. According to police sources, the [...]
Society
Greeks trust charities and nonprofits, but don’t know what they actually do
Most Greeks trust charities and nonprofits more than they do the government or political parties, yet do not know much about what they actually do, a survey carried out for DiaNEOsis research center showed [...]
Society
Coast Guard rescues migrants and refugees off Mytilene
The coast guard rescued 40 migrants and refugees in an inflatable dinghy in the sea region of Mytilene, Lesvos island on Monday. The migrants and refugees were safely taken to the port of Mytilene.

Society
Four individuals indicted for involvement in attack on Thessaloniki mayor
Four individuals allegedly involved in an assault on Thessaloniki Mayor Yiannis Boutaris will face charges and appear in court, Greek authorities announced on Monday. Three will be tried before a Thessaloniki [...]
Society
Exhibition on I. Capodistrias at the Art Gallery of Corfu
Rare documents, newspapers, pieces of art and digital reproductions on the life and work of the Greek diplomat and politician and first head of the state of independent Greece Ioannis Capodistrias will [...]
Society
Human remains from WWII found in the Gulf of Chania, Crete
Human remains were located on Sunday on the islet Theodorou in the Gulf of Chania, Crete, from people who visited the islet in the framework of a series of parallel events for the 77th anniversary of the [...]

Business
Hellenic Post pays 22.5 million euros to PPC
Relations between Hellenic Post and Public Power Corporation are returning to normal after Hellenic Post on Monday paid 22.5 million euros to PPC, repaying part of the owed sum from electricity bills paid [...]
Business
Filing of the 2017 Annual Report on Form 20-F with US Securities and Exchange Commission (“SEC”)
National Bank of Greece SA announces that it has filed its Annual Report on Form 20-F (“the Report”) with the US Securities and Exchange Commission. A copy of the Report is available on the Bank’s [...]
Business
National Bank to launch online property auction platform next month
National Bank of Greece (NBG) is set to launch next month its own online platform to auction off property, following in the steps of the country’s largest lender, Piraeus Bank, said George Frangou, [...]
Business
Hellenic Petroleum says transactions with Iran only in line with international policy
Hellenic Petroleum will carry out any transactions with Iran unless they are fully within the framework of international policy, company executives told a general shareholders’ meeting on Monday, [...]
Business
PPC says negotiations on debt refinancing progressing well
Public Power Corporation (PPC) on Monday said negotiations – currently underway – for the refinancing of loans worth 1.3 billion euros are making good progress. In an announcement issued in [...]
Business
Proceeds from Hellenic Petroleum’s sale of DESFA to reach 300 million euros
Hellenic Petroleum’s proceeds from the selling of DESFA will reach 300 million euros, if the dividend payment of 16 million euros from 2017 was added to the price of 283.7 million euros, according [...]