Economy Watch |

16072019Headline:

EU adopts measures against Turkey’s illegal drilling in Cyprus’ EEZ

Staikouras, Regling agreed to continue a close and constructive cooperation
Greek Finance Minister Christos Staikouras met on Monday with Executive Director of the European Stability Mechanism (ESM) Klaus Regling, who is in Athens to participate in The Economist’s 23rd Roundtable [...]

Greek weather service issues new warning for oncoming storm ‘Antinoos’
In a new weather warning issued on Monday, Greece’s National Meteorological Service (HNMS) forecast the arrival of more rain and stormy weather from Tuesday afternoon, which may be accompanied by [...]

Greece to launch seven-year bond

Economy
“I had a good and open conversation with FinMin Staikouras” Centeno says
Eurogroup chief Mario Centeno said he had a good and open conversation with Greek Finance Minister Christos Staikouas in a tweet posted on his personal account on Monday. “Today I spoke with the [...]
Economy
Development & Investments ministers meet with Hellenic Bank Association
Non-performing loans (NPLs) was the focus of a meeting between Development & Investments Minister Adonis Georgiadis and the officials of the Hellenic Bank Association on Monday. The meeting was also [...]
Economy
State budget records primary surplus of 382 million euros in Jan-June
Greek state budget recorded a primary surplus of 382 million euros in the January-June period, from a budget target for a primary deficit of 1.573 billion euros and a shortfall of 46 million euros in the [...]

Economy
BoG: Greek banks slightly raise borrowing from Eurosystem in June
Greek banks slightly raised their borrowing from the Eurosystem in June, while the dependence from the ELA mechanism remained at zero levels, the Bank of Greece said in a report. Greek banks’ borrowing [...]
Economy
Labor Minister Vroutsis chairs meeting on outstanding widows’ pensions
Labor & Social Affairs Minister Yiannis Vroutsis directed insurance officials to immediately issue guidelines for staff to clear a backlog of tens of thousands of widows’ pensions, at an extraordinary [...]
Economy
Greek consumer confidence index up in the second quarter, Nielsen survey says
The Greek consumer confidence index rose to 72 points in the second quarter of 2019, up two points from the previous survey but remaining significantly lower than the European average index of 87 points, [...]

Anastasiades, Mitsotakis speak after EU decision on Turkey

Politics
The government’s reform plan is the only way to turn a page, spokesman Petsas says
Government spokesman Stelios Petsas referred to the government priorities in an interview with public broadcaster ERT on Tuesday. “We are promoting the government’s reform plan because this [...]
Politics
Migration issue dominates meeting chaired by PM Mitsotakis -The priorities
Prime Minister Kyriakos Mitsotakis on Monday met European Commissioner for Migration, Home Affairs and Citizenship Dimitris Avramopoulos and then chaired a meeting attended by the Commissioner and government [...]

Politics
FM Nikos Dendias welcomes unanimous EU stance against Turkish drilling
Greek Foreign Affairs Minister Nikos Dendias on Monday welcomed what he called the “unanimous stance” of EU foreign ministers against Turkish drilling in Cyprus’ waters, in statements [...]
Politics
Syriza condemns media reports on TV licenses
Main opposition SYRIZA on Monday condemned media reports that criticized the licensing process for television stations while it was in power. What annoys pro-New Democracy media and interests, it said, [...]

27-year-old Greek man detained in relation to Suzanne Eaton’s death

Society
Athens Medical Association expresses concern over Western Nile virus cases
The Athens Medical Association on Monday expressed its concern over incidents of infection with the Western Nile virus and recommended that members of the public take measures to protect themselves from [...]
Society
No changes in first school bell, entrance exams in next academic year
Classes in primary and secondary schools will still begin at 8:15 a.m. in September, Education Minister Niki Kerameus said on Monday, laying to rest speculation that they might change to 9:00 a.m. In statements [...]
Society
Passengers who flew to Greece in 2018 can claim compensation for problems
More than 87,300 passengers who traveled to Greece between 15 June and 15 September 2018 can claim compensation from airline companies in accordance with the European Regulation EC261 on passenger rights [...]

Society
Ambulance to be stationed at the archaeological site of the Acropolis
An ambulance will be permanently stationed at the archaeological site of the Acropolis as of Thursday, on standby to assist in any emergencies and to meet the needs of tourists, citizens and staff on the [...]
Society
European Commission ready to offer help to Greece after severe storm, officials say
European Commissioner for Humanitarian Aid & Crisis Management Christos Stylianides conveyed his condolences to victims’ families during a severe storm on Wednesday in northern Greece. In a [...]
Society
Severe storm in northern Greece: Seven dead and extreme damages
A body found by the Coast Guard off Nea Kallikratia in Chalkidiki peninsula was confirmed to be that of a fisherman, 62, who went missing during Wednesday’s storm, authorities said. The body was [...]

Business
Jumbo says annual sales up 7.8 pct
Jumbo Group on Monday said its sales rose 7.8 pct in the year that ended in June 2019 totaling 812.2 million euros from 753.3 million in the previous year. Sales in Greece rose around 3.5 pct, in Romania [...]
Business
No bids submitted in PPC’s tender to sell lignite-fired power plants
A second effort by Public Power Corporation (PPC) to sell its lignite-fired units in Megalopoli and Florina ended without any results as no bids were submitted after completion of a deadline in an international [...]
Business
Piraeus Bank announces new voluntary exit programme for its workers
Piraeus Bank on Monday announced a new and pioneering voluntary exit programme for its workers as part of a plan to reduce operating costs by around 150 million euros in the 2019-2021 period. The programme [...]
Business
HFSF announces agreement with National Bank on corporate governance matters
The Hellenic Financial Stability Fund (HFSF) on Thursday announced it has reached an agreement with the Board of Directors of the National Bank of Greece regarding improvements in matters concerning the [...]
Business
Executives in Greece more optimistic over economic developments, EY survey
Greek business executive are significantly more optimistic over developments in the Greek economy, with the rate of optimism rising to 88 pct in the latest Capital Confidence Barometer by EY, compared [...]
Business
National Bank completes 41.74 million euros bond loan to Elsewedy Electric
National Bank of Greece S.A. on Monday announced the successful underwriting and arrangement on an exclusive basis of an up to 41.745-million-euro bilateral bond loan financing pack to Elsewedy Electric. The [...]

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