News archive of May 2020

Essentially picking up from where he left off before the pandemic, Prime Minister Kyriakos Mitsotakis this week resumed the effort to lure investments to Greece, buoyed by the credibility it has gained from its handling of the health crisis.

The Education Ministry is bringing back the custom of giving students a grade for conduct that will go on their final-year transcripts and graduation certificates.

The coronavirus crisis exposed the shortages in medical equipment that plague Greece's National Health System (ESY). 

The country cannot afford the risk of becoming embroiled in a security crisis before the alert is raised over the shortages that years of austerity policy have bequeathed to our national defense.

There has been no shortage of warning signs.

Travel operator TUI has canceled all foreign holidays for British tourists until July 1 due to the Covid-19 pandemic, sending shares in the German group down 6% on Friday.

The deal for the acquisition of a 33% stake in Forthnet between the BC Partners investment group and the creditor banks of the Greek telecommunications company was all but sealed on Friday, with the only issue still pending being the bridge funding of 15 million euros from the British group to Forthnet for the period until the acquisition is approved by the competition authorities.

At least 7.500 protesters took part in the riots.
Police said that the investigation is ongoing.

As of Monday, the Hellenic Land Registry website www.ktimanet.gr is to start posting cadastral data for the Municipality of Athens. Authorities are calling on more than half a million citizens who have declared ownership of properties within the municipality to check the accuracy of the data recorded ahead of its finalization.

Turkey on May 30 announced the resumption of domestic flights as the country eases coronavirus restrictions and looks to restore normalcy.

Transport and Infrastructure Minister Adil Karaismailoğlu said domestic flights will resume on June 1 as part of the normalization process after the months-long virus restrictions.

The Migration Ministry said Friday that it had "no knowledge" of a report by an international organization castigating its policy on and handling of migration, responding to a news story published in Kathimerini, though it failed to respond to the issues raised in the document.

The governing board of listed firm Lamda Development has decided to partially revise the allocation of the funds it raised in a recent 650-million-euro share capital increase.
It will now use €12.4 million to acquire a stake in Lamda Marinas Investments SMSA, the company that controls and manages Flisvos Marina at Palaio Faliro in southern Athens.