Latest News from Greece

Two drown after thunderstorms sweep across western Greece

Two people drowned after their moored sailing boat sank in western Greece as the country was lashed with torrential rain and thunderstorms, coast guard officials said early on Monday. 

The storms hit western Greece over the weekend causing flooding and disruption to transport.

More early IMF loan payments

The Public Debt Management Agency is targeting more early loan repayments to the International Monetary Fund next year if the interest cost makes financial sense and the country's creditors agree, Kathimerini understands. Its loan strategy for 2020 also includes a significant reduction of treasury bills.

Storm shuts down schools, roads; at least one dead

Schools in Attica will remain closed Monday until 10 a.m. due to problems raised by a storm, authorities say.

Heavy rain and debris have shut down both the Athens-Corinth highway, near Elefsina, and the old road connecting the two cities. Authorities say the highway to Athens is expected to open between 9-10 am, while the section to Corinth between 12-1 pm.

Storm shuts down schools, roads; two dead

Schools in Attica will remain closed Monday until 10 a.m. due to problems raised by a storm, authorities said, after storms caused serious problems, leading to two deaths off Antirrio, western Greece. 

Piraeus, Intrum eye close cooperation

The agreement between Piraeus Bank and Swedish group Intrum is one of the biggest foreign investments and the biggest Swedish investment in Greece (410 million euros).

Draft bill foresees incentives for investors, stock options

Apart from the reduction of the corporate income tax from 28 to 24 percent and the halving of the tax on dividends from 10 to 5 percent, the government's draft tax bill includes a number of other incentives aimed at encouraging entrepreneurship, attracting highly skilled workers in Greece and bolstering investment activity to accelerate growth.

Greece caught in US-China conflict on 5G

The development of fifth-generation cell telephony (5G) networks in Greece has been caught in the crossfire of the US-China trade war. That conflict's outcome is yet to be seen and pressure is growing on the Greek side, which has turned to the European Commission for protection.

Agenda

MONDAY

The Digital Economy Forum, themed: "Leading Greece to Growth," takes place at the Athenaeum InterContinental Hotel, 89-93 Syngrou, Athens. It will also incorporate the Startups d.Day 2019 event. (Info: deforum.sepe.gr)

The Hellenic Statistical Authority (ELSTAT) will publish its third-quarter data on turnover in wholesale trade and in motor trade.

TUESDAY

PPC workers to protest closing of lignite-powered plants

Workers at the state-run Public Power Corporation will be staging a rally on Monday in Kozani, northern Greece, to protest the government's plans to shut down all of the country's lignite-powered plants starting next year.

The rally against the "sudden death" of PPC, according to unionists, will start at 5 p.m. at the main square of the town of Ptolemaida.

TAP pipeline completed; trial op starts soon

The Greek section of the Trans-Adriatic Pipeline (TAP) transporting natural gas from Azerbaijan to Greece, Albania, Italy and points beyond in western Europe is ready and will begin trial operations in early December.

During this so-called commissioning phase, small volumes of natural gas will go through the pipeline to ensure commercial use is safe.

People traffickers having field day at Evros border

As reactions to the transfer of migrants from the islands to the mainland intensify, local protests are also mounting in northern Greece over increasing arrivals from Turkey across the Evros River.

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