Economy Watch |

New Democracy leader Mitsotakis accuses government of a ‘staged divorce’
Main opposition New Democracy (ND) leader Kyriakos Mitsotakis, addressing a parliamentary debate that will conclude with the holding of a vote of confidence in the government, spoke of a ‘staged [...]

For us you are a minority government, KINAL leader Gennimata says
“For us you are a minority government, we do not trust you,” stated the head of the Movement for Change (KINAL) party Fofi Gennimata during the parliament debate on Tuesday on Prime Minister [...]

TAP pipeline completes 3.9 billion euros in financing

Economy
Economy Minister to meet with visiting Moscovici on Wed.
Deputy Premier and Minister of Economy and Development Yiannis Dragasakis will meet with visiting European Commissioner Pierre Moscovici at 15:35 on Wednesday, his office announced. Moscovici will be meeting [...]
Economy
ELSTAT: Private building activity volume up 38.9 pct in October
The volume of private building activity jumped 38.9 pct in October last year compared with the same month in 2017, Hellenic Statistical Authority said on Tuesday. The statistics service, in a monthly report, [...]
Economy
State budget showed a primary surplus of 3.162 billion euros in 2018
Greek state budget recorded a primary surplus of 3.162 billion euros in 2018, down from a budget target for a surplus of 3.604 billion but sharply from a primary surplus of 1.940 billion in 2017, the Finance [...]

Economy
EnvMin George Stathakis in Egypt for East Mediterranean Gas Forum
Greece can greatly benefit from working together with other countries on initiatives concerning natural gas and its transport to European Union states, Minister of Environment and Energy Giorgos Stathakis [...]
Economy
Greek-owned enterprises account for 10.7 pct of top 50 profits in FYROM
Six enterprises of Greek or joint interest are included among the top profitable enterprises in FYROM, a report released by the Economic and Trade Affairs bureau in Skopje said. The report said that enterprises [...]
Economy
Greek industrial production up 3.1 pct in November 2018, Eurostat report
Industrial production in Greece rose 3.1 pct in November 2018 compared with the previous month and in comparison with the November 2017, Eurostat said on Monday. The EU executive’s statistics agency, [...]

Potami leader rails against former party MP who sides with gov’t on confidence vote

Politics
KKE leader: Tsipras wants time to “complete the dirty work for big capital”
Prime Minister Alexis Tsipras wants a vote of confidence to complete “the dirty work he has assumed on behalf of big capital,” Communist Party of Greece (KKE) Secretary General Dimitris Koutsoubas [...]
Politics
Leventis: ‘This parliament needs to conclude its term as soon as possible’
Many SYRIZA ministers were citing the constitution ten days before asking the parliament for a vote of confidence, saying it is possible to rule without a majority of 151 votes, Centrists’ Union [...]

Politics
GD leader accuses gov’t of creating a ‘Frankenstein majority’ in parliament
Extreme-right Golden Dawn leader Nikos Michaloliakos condemned both senior coalition party SYRIZA and main opposition New Democracy, reiterating his party’s refusal to give a vote of confidence and [...]
Politics
Juncker expresses regret over ‘lack of solidarity’ toward Greece during crisis
Speaking at an event in Strasbourg marking the 20th year since the launch of the euro currency, European Commission President Jean-Claude Juncker on Tuesday expressed regret that the European Union had [...]

ADEDY calls strike in public sector on Thursday

Society
More drugs found in “Andreas” vessel seized in 2017
A supplementary six tonnes of hashish (chocolate) were found on the Tanzania-flagged tugboat “Andreas”, which had been intercepted by the Greek coast guard in December 2017 a few nautical miles [...]
Society
A 28-year-old Syrian national escapes during tranfer to court
A 28-year-old Syrian prisoner charged with theft escaped from police escort while being transferred to Evelpidon courts, it was announced on Tuesday. The police have launched a search for his arrest.
Society
Municipality of Athens opens heated shelters for the homeless
The municipality of Athens on Tuesday opened two heated shelters for the homeless in Athens (in the districts of Ampelokipi and Kolonos). At the same time, the Mobile Care Unit of the municipal solidarity [...]

Society
Felony charges for former seaman over alleged threatening messages to MPs
A public prosecutor on Tuesday pressed felony charges against a 63-year-old former seaman over alleged threatening messages sent to MPs in order to intimidate them into vote against the Prespes Agreement. The [...]
Society
Large quantity of contraband cigarettes found inside truck in Igoumenitsa
A large quantity of contraband cigarettes – 14,880 packets in total – was located inside a truck with Bulgarian licence plates at the port of Igoumenitsa. The 47-year-old Greek driver was arrested. The [...]
Society
Light earthquakes shook Epirus and the Ionian Sea
A light earthquake measuring 4.4 on the Richter scale on Tuedsay shook Epirus early on Tuesday, according to the Athens Geodynamic Institute. The quake’s epicentre was located 292 km northwest of [...]

Business
Bids for lignite production units to be submitted on January 23
The procedure for the sale of the lignite production units is moving ahead smoothly, and the Public Power Corporation (PPC) will be ready to assume its obligations, PPC’s Chairman and Chief Executive [...]
Business
Eurobank Asset Management adopts PRI Initiative
Eurobank on Thursday announced that Eurobank Asset Management adopted the PRI Initiative (Principles for Responsible Investment), supported by the United Nations in the framework of a wider package to [...]
Business
Praxia Bank is going to be intoduced in the market in 2019
Praxia Bank is going to be intoduced in the market in 2019. Anastasia Sakellariou, CEO of Praxia Bank, has mentioned in an interview that “the objective of Praxia Bank’s shareholder is to create [...]
Business
Grivalia Properties acquires 49 pct of Piraeus Port Plaza
Grivalia Properties REIC announced the acquisition of 49 pct of the company with the distinctive title “PIRAEUS PORT PLAZA 3” (“PPP3”). PPP3 owns a unique property in Piraeus which is the [...]
Business
Oil production in Prinos expected to hit record number in 2018
The oil production from Prinos deposit is expected to exceed 4,000 barrels daily and 1.5 million barrels at annual basis, breaking the last decade record, according to Energean group manager Mathios Rigas, [...]
Business
Eurobank, Alpha Bank finance Total Eren with 201.9 mln euros
Eurobank has concluded three bond loans of a total amount of 201.9 million euros to finance three of the TOTAL EREN Group companies in Greece operating wind and photovoltaic parks with a total power of [...]