Economy Watch |

Mitsotakis: SYRIZA, as it stands now, cannot become part of any alliance
Prime Minister Alexis Tsipras destroyed the Greek middle class, said New Democracy’s leader Kyriakos Mitsotakis during a Monday interview on Alpha TV. “Tsipras lied through his teeth to assume [...]

PM Tsipras: SYRIZA Euro candidates represent a new Greece, facing forward
The SYRIZA-Progressive Alliance candidates for the European Parliament elections on May 26 “reflect the face of Greece in the new era,” Prime Minister and party leader Alexis Tsipras said on [...]

NPL management companies promise to offer innovative and sustainable solutions to borrowers

Economy
Rating and Investment Information raises Greek credit rating to B+
Rating and Investment Information (R&I), a Japanese credit rating agency, on Monday upgraded Greece’s credit rating to B+ from B with a positive outlook. In a report, R&I said the Greek [...]
Economy
OASA revenues saw double-digit growth after ticket barriers were installed
The introduction of ticket barriers and e-ticket has significantly boosted the revenues of the Athens Urban Transport Organisation (OASA), whose staff told the Athens-Macedonian News Agency (ANA) that [...]
Economy
ELSTAT: Industrial turnover index up 7.7 pct in February
The turnover index in the industrial sector (a composite index measuring both the domestic and external markets) grew 7.7 pct in February this year compared with the same month in 2018, after a 3.9 pct [...]

Economy
Greek merchant shipping fleet up in numbers in Febuary
Greek merchant shipping fleet grew 0.8 pct in February, totaling 1,868 ships compared with the same month last year, after a 0.6 pct increase recorded in the 2018/2017 period, Hellenic Statistical Authority [...]
Economy
Greek current account deficit up in Jan-Feb, Bank of Greece reports
The Greek current account deficit widened by 79 million euros in the January-February period, totaling 2.2 billion euros, as the improved services’ balance and primary income account only partly [...]
Economy
Greek unemployment rate fell to 18.5 pct of the workforce in January
The Greek unemployment rate edged up to 18.5 pct of the workforce in January, from 18.4 pct in December 2018, but was down from 20.6 pct in January 2018, Hellenic Statistical Authority said on Thursday. The [...]

Defence Minister Apostolakis meets U.S. Senator Bob Menendez

Politics
Athens Newspapers Headlines: Tuesday 23/04 edition
The Tuesday edition of Athens dailies at a glance DIΜΟΚRΑΤΙΑ: Is this fake news? ΕTHΝΟS: Second chance for the illegal buildings ΕLEFTHEROS TYPOS: Applications for 2,189 hirings ΕSΤΙΑ: SYRIZA [...]
Politics
Greek foreign policy meeting puts a spotlight on African countries
The Greek Foreign Ministry discussed expanding its strategy in Africa during a meeting on Monday, that included collaboration of Diplomacy Academies for training new diplomats. The meeting included Foreign [...]

Politics
Voutsis: The year 2018 certified in people’s minds as the start of a new era
“The year 2018 has been certified in people’s minds as one in which significant steps were taken and that, apart from the official exit from the memoranda in August 2018, we have entered a [...]
Politics
The non-reduction of the tax free allowance will be achieved, Flambouraris says
“The non-reduction of the tax free income allowance will be achieved,” State Minister Alekos Flambouraris said on Monday in an interview with the Athens-Macedonian News Agency (ANA). He underlined [...]

German volunteer aid worker critically injured in attack on Lesvos island

Society
Council of State rejects full payback of ESY doctors’ wages
The Council of State plenary on Monday rejected the appeal of 4,673 doctors in the National Health System (ESY) for retroactive backpay of wages cut from August 2012 to the end of 2018. In 2018, the Council [...]
Society
Judges, prosecutors lose CoS appeal to be exempted from ‘source of wealth’ statements
The Council of State on Monday rejected an appeal by judges and prosecutors to be exempted from filing a “source of wealth” (pothen esches) statement listing their assets. The Council also [...]
Society
Prominent lawyers deny charges in testimonies to special investigator
Two prominent Greek laywers who were arrested in relation to the the so-called “Korydallos prison mafia” case denied criminal charges in their testimony to a special examining magistrate on [...]

Society
Police arrest gang of teens that robbed elderly people in Athens
Police on Monday reported the dismantling of gang mostly made up underage minors that targeted and robbed elderly people in the Athens district of Patissia. According to the local police station, the gang [...]
Society
Foreign nationals caught using fake documents to travel abroad at Heraklion airport
Three men, aged 29, 39 and 41, were arrested at Heraklion airport “Nikos Kazantzakis” when they attempted to travel to the Netherlands and France using fake travel documents. The three suspects [...]
Society
Three killed, two injured in climbing and canyoning accidents
A couple from Singapore and one Greek trainer were killed while canyoning in the Agios Loukas Gorge in Xylokastro, Corinth, while the team leader, another Greek man, was injured and taken to a hospital [...]

Business
Black Sea Bank announces 160-mln-euro loan to PPC
Black Sea Trade and Development Bank on Monday announced the signing of an agreement with Public Power Corporation (PPC) to offer a five-year loan worth 160 million euros. In an announcement, the bank [...]
Business
Central Council for Modern Monuments approves ‘Master Plan’ for Piraeus port development
The Central Council for Modern Monuments on Thursday unanimously approved the Piraeus Port Authority (PPA) ‘Master Plan’ for the development of Piraeus port, relating to the ‘Pagoda’ [...]
Business
National Insurance says premium production is up 2.3 pct in 2018
National Insurance on Tuesday reported a 2.3 pct increase in premium production in 2018 compared with the previous year. In an announcement, National Insurance said that premium production in the life [...]
Business
2.2 bln euro projects on the fast track approval list
Ten large projects representing a total investment of 2.2 billion euros, which will create 10,000 jobs, are on the fast track approval list, as reported at the journalists meeting with Enterprise Greece [...]
Business
Aegean Airlines says profits up 13 pct in 2018
Aegean Airlines on Thursday reported a 5.0 pct increase in its consolidated turnover to 1.187 billion euros in 2018 and said after tax earnings totaled 67.9 million euros, up 13 pct from 2017. In an announcement, [...]
Business
National Bank to reduce NPEs by 11.5 bln euros by 2021, CEO says
National Bank aims to reduce its non-performing exposure by 11.5 billion euros by 2021, of which 4.5 billion this year, Paul Mylonas, the bank’s CEO said on Thursday. “Efforts to turn around operating [...]