News archive of October 2018

Ankara digs in on sea rights

Describing Turkey as a "blue homeland," the country's Defense Minister Hulusi Akar warned on Wednesday that Ankara will not give up on its rights in the Aegean and the Eastern Mediterranean.

Bucks F Antetokounmpo cleared from concussion protocol

Milwaukee Bucks star forward Giannis Antetokounmpo has cleared the NBA's concussion protocol and is slated to play in Thursday's game against the Boston Celtics, the team announced Wednesday.

The 23-year-old Antetokounmpo was cleared after practicing on Wednesday.

Antetokounmpo suffered the head injury on Saturday when he was elbowed by Orlando Magic forward Aaron Gordon.

Snap payment for overdue tax rebates

Outstanding income tax and value-added tax rebates of up to 10,000 euros will be immediately paid out to businesses and individuals without any need for inspections, according to a circular issued on Wednesday by the Independent Authority for Public Revenue in accordance with the legislation.

Ministry asks HFSF to go ahead with NPE guarantee mechanism

The Finance Ministry (pictured) has given the Hellenic Financial Stability Fund the nod for the creation of a mechanism to guarantee the transfer of a part of banks' bad loans in an effort to contain nonperforming exposures, HFSF chief executive officer Martin Czurda said yesterday.

Banks proceed with further cuts to their staff, branch networks

Greek banks are facing increased pressure from their monitoring authorities to drastically cut their operating costs, as regulators perceive that the lack of healthy financing and the reduction of revenues from traditional sources are hampering the recovery of the local credit system.

Man gunned down in seaside suburb of Athens

A 46-year-old man was murdered Wednesday in Voula, a seaside suburb south of Athens, Greek police say.

The victim, reportedly a Greek-Australian businessman, was gunned down as he was getting out of his his car, a Smart, at 16 Troias St. in Voula. He was shot at least four times.

They don't have a clue

A seasoned Greek economist frequently says that the Greek economy is very shallow and with one or two good investments it could recover. 

Only in Greece

Instances of violence in Greece continue to proliferate at an alarming rate. And it's only natural that if the state fails to respond to the outbreak of violent incidents on buses, at universities, business premises and anywhere else for that matter, the phenomenon will start to be viewed as routine and business as usual.

ATHEX: October shaves 7.45 percent off benchmark

The Greek stock market ended October with monthly losses of 7.45 percent for the benchmark and 3.7 billion euros for the market's capitalization. The decline was mitigated on Wednesday as the majority of stock prices posted a slight increase while turnover rose significantly, driven by activity surrounding Motor Oil and Jumbo stocks.

Government to issue operation licenses for old houses of worship

The Ministry of Education, Research and Religion will grant licenses to all houses of worship operating in Greece since 1955, according to a cyclical issued on Wednesday.

The move concerns houses of worship used by the Muslim minority in Thrace, northern Greece, and on the islands of Kos and Rhodes, synagogues and the churches of Catholics, Protestants, Evangelicals and Copts.