Former prime minister George Papandreou officially announced his candidacy for the leadership of Movement for Change (KINAL/PASOK) on Wednesday evening., The former PASOK leader said in a video message “We need a new change for the citizens and the country” and that the party must be again have a leading …
Read More »
Airtickets.gr suspends operation. What will happen with the acquired tickets
Greek online travel agency Airtickets.gr suspends their operation after years of successful presence in the online travel industry. Tripsta S.A., the parent company that controls “Airtickets” and “Travelplanet24” announced the suspension on Thursday, adding however, that acquired tickets will be served. The suspended operation leaves 180 without work and triggers …
Read More »
PM Tsipras announces to distribute €1.4billion in one-off Christmas bonus to austerity-hit Greeks
Stunned and with hanging jaws Greeks saw and heard Prime Minister Alexis Tsipras announcing that he will hand out 1.4 billion euros as one-off “social dividend” in December. “The welfare benefits totaling 1.4 billion euros, is more than double than that paid out last year (600 million euros) and this …
Read More »
Lamda Development warns Greek State over obstacles in Hellinikon investment project
Just hours after Eldorado Gold announced it suspends it Skouries project in Northern Greece, another big investor, the Lamda Development, warns the Greek government over violation of terms of the agreement in Hellinikon investment project. In a statement issued on Friday, Lamda Development states that the unconventional decision of the …
Read More »
President Trump announces US will withdraw from Paris Agreement on Climate Change
Suddenly planet Earth got a little warmer. President Donald Trump on Thursday said he will withdraw the United States from the landmark 2015 global agreement Paris Accord to fight climate change, spurning pleas from U.S. allies and corporate leaders in an action that fulfilled a major campaign pledge. “We’re getting …
Read More »
Tsipras gives low pensioners Christmas Bonus, scraps VAT hikes in islands
In a surprise move, prime minister Alexis Tsipras addressed the nation on Thursday night and stunned Greeks and creditors alike. The PM announced that he will spend 617million euros in one-off “Christmas bonus” for low-pensioners receiving less than 850euro per month. Further, he announced that the upcoming Value Added Tax …
Read More »
Greece’s banks recapitalization allegedly to cost €14bn and not €25bn
The amount of capital requirement for the recapitalization of Greece’s four systemic banks may fall much lower than estimated a couple of months ago. “The amount could be 14 billion euro,” Greek media report noting that “this creates optimism in the government and the Greek bankers that the recapitalization will …
Read More »
Thessaloniki: Greek PM promises “tax breaks roadmap” but little sustance without Troika’s blessing
In a festive mood Greek Prime Minister Antonis Samaras announced a 30% discount in the Special Consumption Tax for heating oil. Inaugurating the International Trade Fair in Thessaloniki, the Greek PM announced a package of measures to the dept-, recession- and austerity-ridden Greeks. Vague discounts in property tax and solidarity …
Read More »