GREEK NEWS

Court hears from retired Navy officer sued former PM over pre-election pledges

A First Instance Court discussed on Thursday a civil lawsuit filed by a retired Lieutenant of the Navy against former prime minister George Papandreou, in which he is requesting compensation totaling 260,000 euros for moral damage suffered from the latter’s pre-election pledges in 2009 which were not kept.

Panagiotis Stamatis claimed in court...

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Greeks lost one GDP in their net wealth during the crisis

Greeks' present net wealth -excluding loans- was 856 billion euros, from 1,023 billion in 2009 -before the Greek debt crisis- and 683 billion euros in 2000 before the country entered the Eurozone, according to Credit Suisse data presented in a Federation of Hellenic Enterprises (SEV) weekly economic bulletin.

In economic terms, Greeks lost around...

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Greek state to pre-pay energy consumption for 2017

The Greek state will pay in advance electricity consumption for next year in order to be included in a discount programe with a 6.0 pct benefit offered by PPC, with the aim to save money for state budget, Environment and Energy ministry officials said on Thursday.

The officials also offered more details over a ownership separation of ADMIE and said...

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We want Greek seamen to work in Greek-owned ships, Kouroumblis says

image We want Greek seamen to work in Greek-owned ships and in this framework the ministry has taken an initiative for a dialogue between shipowners and seamen in an effort to find common ground and to understand the current situation, Shipping Minister Panagiotis Kouroumblis said on Thursday, addressing a 3rd "Naftemporiki" shipping conference.

He...

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Short sea shipping needs restructuring and mergers, Emanuele Grimaldi says

Emanouele Grimaldi, Managing Director of Grimaldi Group SpA, on Thursday underlined the need for restructuring and mergers in the short sea shipping sector, particularly the ferry business, because of intense competition from low-cost airlines.

Addressing a 3rd "Naftemporiki" shipping conference in Athens, Grimaldi added that the Italian group has...

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Commissioner Canete expresses satisfaction over ADMIE action

European Commissioner for Climate Action and Energy Miguel Arias Cañete on Thursday expressed his satisfaction over progress made in completing an ownership separation of ADMIE - the Independent Power Transmission Operator - during a meeting in Athens with Greek Environment and Energy Minister George Stathakis, a ministry announcement said.

During...

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