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Greece

Greece Goes to EU Court for Unlawful Aid to Hellenic Shipyards

The Commission has decided to refer Greece to the European Court of Justice because it failed to comply with a 2008 Commission decision ordering the recovery of unlawful aid to Hellenic Shipyards. This follows a 2012 ruling by the...

Hellenic Navy Contracts with Shipyard Workers to Complete Submarines

The Hellenic Navy has called on workers at Skaramangas Shipyards to contract for the completion of work on four submarines it has commissioned, it was announced on Wednesday. In an effort to restart the submarine construction in Greece, the Navy...

The Pan-Hellenic Seamen’s Federation Strike Continue – Union Calls off Garbage Strike

Adding to Greek woes, the union for seamen began a strike on Tuesday with plans to extend what had initially been a one-day strike into a 48-hour work halt.  Now residents of smaller Greek islands without ...

Deal to sell shipyards may sink

A major deal for the United Arab Emirates-based Abu Dhabi MAR Group to buy Hellenic Shipyards (HSY), also known as Skaramanga, appeared to be floundering yesterday, apparently over the failure to settle several outstanding debts that still burden the...

China Complains over Picketing at Piraeus Port

Picketing of a Chinese-run cargo terminal at Piraeus this week, has sparked diplomatic tensions between Athens and Beijing. Greek media reports on Friday claimed China's embassy in Athens complained to the government about an incident that took place on Thursday....

Greek Shipyard Faces Liquidation

Chinese state involvement in Greece's maritime sector could intensify after an Athens court ruled the liquidation of Hellenic Shipyards in Skaramagas could go ahead. Cosco, which has had control of Piraeus port since 2016 and recently docked the world's largest containership...

Corruption Prosecutors to Investigate Skaramangas Shipyard Sale in 2002

Greece's corruption prosecutors on Monday announced the launch of an investigation into the 2002 privatization of Hellenic Shipyards in Skaramangas. According to their initial findings, there are indications of significant losses for the Greek state through the sale, amounting...

Eleven Face Charges Over 2003 S-frigate Contract; Former Minister Under Scrutiny

Greek Corruption Prosecutor Eleni Raikou on Tuesday ordered the prosecution of 11 individuals for criminal breach of faith in connection with a contract for the refurbishment of six S-type Navy frigates. She also ordered that a copy of the...

Thirty-two Indicted Over Kickbacks for German Submarines Contract

Another 32 individuals were indicted to stand trial before a Criminal Appeals Court on Thursday for kickbacks given in exchange for Greek Defense Ministry contracts. The case, concerning a deal for the purchase of German submarines, was uncovered during a...

Launch of First Submarine Built in Greece

The Pipinos, the first submarine constructed in Greece, was launched on Monday in the Skaramangas shipyard of western Athens. The christening of the Pipinos was attended by Greek Prime Minister Antonis Samaras, Deputy Prime Minister Evangelos Venizelos, Defense Minister Dimitris...

Former Chairman in Custody for Submarine Scandal

Sotiris Emmanouil was detained for his part in the submarine scandal after his formal statement to the Magistrate Gavriil Mallis. Emmanouil was an executive and former president of the Hellenic Shipyards in Skaramagas, Athens when Akis Tsochatzopoulos was Minister in...

New Defense Bribery Scandal Arrests

New arrests were made today in the case of bribes for defense equipment contracts. The police have arrested Sotiris Emmanouil and Ioannis Mpeltsios. Sotiris Emmanouil was an executive of the Hellenic Shipyards in Skaramagas, Athens. According to allegations, he received...

Former Greek Railways Officials Charged With Embezzlement

ATHENS – Thirteen former executives of Greece’s money-bleeding Hellenic Railways (OSE,) one of the companies the coalition government led by New Democracy Prime Minister Antonis Samaras is trying to sell off,  have been charged with stealing state funds and...

Parliament to Investigate Former Defence Minister over German Sub Contract

An extraordinary plenary session was convened in Parliament on Thursday to discuss and vote on a proposal -- tabled by ruling PASOK MPs -- to set up a Parliamentary preliminary examination committee to investigate former defence minister Akis Tsohatzopoulos'...

Greek Inspectors Eye German Sub Deal

Greek financial investigators have ascertained that more than $140 million in bribes were paid by a German submarine maker to local politicians and officials to facilitate a lucrative defense contract. The deal focused on the purchase of four submarines, a...