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One of Savvidis’ most important moves, from the commercial and geostrategic perspective, was the acquisition of the Port of Thessaloniki concession, through his participation in a consortium.

The real challenge for Greece is how to boost its budding economic recovery while also strengthening policy credibility and market trust. Only sustainable growth, reforms, a marketand business-friendly environment, and adherence to fiscal stability can do that.

Despite the fact that the two cell phones that were seized from the two Greek army officers who have been imprisoned in a high-security Turkish F-type prison – reserved for the likes of accused terrorists and drug lords - in Edirne have reportedly yielded no evidence of military espionage, there has been no trial date set for the sole charge to date of illegally entry into a Turkish military zone, at the Evros border region.

A federal judge in New York has issued a restraining order temporarily blocking Aegean Marine Petroleum Network’s $367m purchase of HEC Europe from the bunkering giant’s founder and former largest shareholder.

Jens Stoltenberg is quoted as saying, “This is an issue that must be resolved between Greece and Turkey.”

Prime Minister Alexis Tsipras intends to hold a series of bilateral talks with key EU partners to brief them on the circumstances of the capture and captivity of the two officers, to forge a broader front to pressure Ankara more effectively to release the two Greeks, and to back off from its hostile posture in the Aegean and the eastern Mediterranean.

The demands of the IMF have again put in the government in a tough spot, and presage a new round of clashes over who will prevail in the end, as the period after the completion of the third fiscal adjustment programme will be no cakewalk. Aside from the need for substantial debt relief, for which […]

The images were in TV screens all over Greece. The football match, between the two contenders, PAOK and AEK had stopped and players were protesting a decision of the referee regarding whether a goal by PAOK was going to be counted. They were 89 minutes into the game and this could be the defining moment […]

'We will assume the political cost, which is the last thing that concerns us. The most important thing is that rules apply to all. It is for this reason that we suspended Champions League matches,' Vasiliadis declared.

According to a 9 March, 2018, report by Lawrence Fletcher, with the assistance of Athens correspondent Nektaria Stamouli, in the Wall Street Journal, a group of Aegean Marine Petroleum stockholders filed suit against the company, charging that it was a “corrupt corporate buyout”.

On the crucial issue of tax evasion, the revenues of such companies will be taxed based on existing law, and the tax data for cooperating drivers and clients will be separate. Greek taxi drivers have staged fierce protests over the unfair advantage that these companies enjoy by not paying taxes.

Those in Edirne do not want to discuss the event that came between the two countries, perhaps because they do not want it to divide the two peoples as well. Daily life in the city seems untouched by Greek concerns.

“The problematic past of the company’s Board of Directors regarding transactions with related parties, which favour Melissanidis at the expense of our shareholders, raises concerns that the Board may approve a transaction designed to reduce the influence of Aegean shareholders.”

Aegean Marine Petroleum (NYSE: ANW), founded by Dimitris Melissanidis and the shares of which trade on the New York Stock Exchange, has recently been the subject of intense criticism by analysts and shareholders.

The presence of the US warships, which are scheduled to remain in the region until 25 March, is not officially related to the impending oil and gas drilling by ExxonMobil in Block 10 of Cyprus’ EEZ. However, they will remain in the region during the first stage of drilling, and constitute a clear message to Ankara.

In an effort to transcend the reluctance of banks to resort to extra-judicial mechanisms for the repayment of overdue loans of businesses that are under 20,000 euros in value, the government is mulling allowing such debtors to pay in 120 instalments, but only for debts to tax offices and insurance funds.

The prime minister asked that the UN convey to the Turkish side the message on the need to have a swift, positive outcome in the case, with the freeing and return of the two Greek army officers.

There is an uproar in the opposition and charges of party patronage over the government’s decision to appoint Fragiskos Koutentakis, until now the general director of fiscal policy at the finance ministry, as the new director of the Parliamentary Budget Office. Upon the recommendation of Parliament Speaker Nikos Voutsis, Koutentakis will replace Panagiotsi Liargovas, whose […]

Sources say that Papadopoulos did not deny that the General Directorate for Defence Investments and Armaments of the defence ministry at first harboured reservations during negotiations regarding his power of attorney from the Saudis.

A surprise collaboration is apparently in the offing between Hellenic Petroleum (ELPE) and the Spanish energy company Repsol for hydrocarbons exploration in Greece’s ‘Exclusive Economic Zone (EEZ) blocks in the Ionian Sea and south of Crete.

“Test our resolve. We are kindly asking Greece to set foot on the Imia islets. If that happens, we will defend them to the death, from the moment that Erdogan gives the order” Bulut declared.

Nikos Paraskevopoulos was making use of a law passed by the Syriza-Independent Greeks coalition that offered rent subsidies to ministers who are not MPs

Two Greek military officers who were on patrol in the Evros border region were arrested yesterday by Turkish forces and are to stand trial in Turkey. The Greek patrol was on the land region near the Evros River, and reportedly veered off course because of bad weather conditions. There was heavy snow and it was […]