News archive of August 2020

New debt issues?

Analysts forecast that Greece might tap the bond market for as much as an extra 6 billion euros due to the hit that state revenue has taken from the coronavirus pandemic.

The most likely scenario is not for a new bond but for a reopening of one of the issues (a 15-year, 10-year and a 7-year bond) from earlier this year.

Moody’s: Greece can weather a prolonged tourism slump

The slump in tourism for Greece and other southern European countries may last beyond 2020, but their credit rating is resilient, credit rating agency Moody's said yesterday.

Finland takes in refugee minors from Greece

A group of 22 unaccompanied refugee minors flew to Finland from Greece on Monday while another 28 are also expected to depart for the northern European nation in the near future.

The Finnish government has agreed to receive a total of 100 unaccompanied minors as part of the European Union program to relocate 1,600 young refugees from Greece to countries of the 27-nation bloc.

Turkey issues new navtex for Oruc Reis in East Med

Turkey on Monday night issued a new navigational telex (Navtex) for the continuation of survey activities of its Oruc Reis vessel until September 12.

The navtex was the third renewal in a row for the vessel which has been moving between Greece and Cyprus for several weeks, prompting a flurry of diplomacy, and now warnings, by European Union officials for it to withdraw. 

Capital takes delivery of two of 25 new trams

Greece on Monday received the first two of the 25 new trams that will be gradually be added to the capital's existing fleet.
The Alstom Citadis urban trams are manufactured in Barcelona and according to the Transport Ministry of Infrastructure are state-of-the-art with reduced operating costs.

The Massachusetts primary matters for Hellenism

Much of the world's attention is understandably turned to the upcoming election in the United States. At stake is not only the presidency, but also one-third of the Senate and the entire Congress.

Local stocks end up on the month

The Athens Stock Exchange failed to hold on to early gains and ended slightly lower at the end of August's last session. Turnover more than doubled, but it was the result of auctions, in which investors liquidated their early gains.

The general index ended at the intra-session low of 633.98 points, a drop of 0.08%, after rising as much as 1.19%. Turnover was €60.11 million.

Outbreak reported at Athens children’s home

Teams of health workers were dispatched on Monday to a home for unaccompanied refugee children in Athens in a bid to contain an outbreak of Covid-19.

Editorial: The March scenario

The public health crisis appears to be burgeoning.

The number of coronavirus cases is multiplying and younger people are flouting the rules and are thus rendering inevitable the transmission of the virus to vulnerable groups.

Chora church a ‘three-dimensional work of art’

Turkey's decision to convert the Byzantine Church of the Holy Savior in Chora in Istanbul, a UNESCO World Heritage site, into a mosque has again drawn wide condemnation, not least from Greek President Katerina Sakellaropoulou, who described the conversion of as an act of "symbolic violence." Robert G.