Greece
Business
SEKAP Tobacco Company Gets Temporary 3-week Stay in Debt Collection
After a few weeks of public turbulence with its board threatening with a total shutdown of operations, the troubled SEKAP tobacco company received a short stay in debt collection by a Greek court.
The company was granted a temporary stay...
Business
Greek Tobacco Manufacturer SEKAP Suspends Payments
Greek tobacco giant SEKAP held an extraordinary board council meeting on Thursday to discuss the company's financial problems due to an outstanding state debt issued 8 years ago for a series of violations.
The board council decided to launch procedures...
Business
Greek Tobacco Industry SEKAP on the Verge of Bankruptcy
The possibility of bankruptcy that is to be discussed at an extraordinary board meeting of the Greek tobacco industry SEKAP, is scheduled for Thursday.
SEKAP; which is owned by Russian-Greek investor Ivan Savvidis, has been asked by a Komotini Court...
Business
PAOK Owner Sells Tobacco Interest in $1.6B Deal
A Russian tobacco firm owned by the scandal-hit head of PAOK football club, Ivan Savvidis, has changed hands as part of a $1.6-billion deal it was reported on Friday.
Donskoy Tabac (DT) was owned by the Greek-Russian mogul who made...
Greece
PAOK Owner's Ties to Greek Government Fray
The relationship between businessman Ivan Savvidis and the Greek government is shaking after the PAOK owner stormed his team's pitch at Toumba Stadium on Sunday sporting a handgun.
Sunday's incident in Thessaloniki made headlines in the domestic media and circulated...
Business
Greek Court Suspends €44Mln Fine for Tobacco Company
The First Instance Administrative Court of Komotini suspended the enforcement of a €44 million fine imposed on SEKAP tobacco company for actions allegedly made prior to its acquisition by the Ivan Savvidis group.
The court in its decision N22 / 2018...
Greece
Atlantic Council Report: Russia Uses Greece as a Trojan Horse
Greece is one of Russia's 'Trojan Horses' to enter and influence Europe and its policies, says a new report from the Atlantic Council’s Eurasia Center.
The report says that Russia continues to seek a foothold in Southern Europe to undermine...
Business
Businessman Praises Greek PM Tsipras, Slams Opposition Leader Mitsotakis
Businessman Ivan Savvidis praised Prime Minister Alexis Tsipras and likened him to Russian President Vladimir Putin, while slamming main opposition leader Kyriakos Mitsotakis.
In an interview to Proto Thema newspaper, the Greek-Russian businessman praised the prime minister for a confrontation...
Greece
Tsipras-Mitsotakis Battle it out in Greek Parliament Over Controversial Bill
Prime Minister Alexis Tsipras and main opposition leader Kyriakos Mitsotakis exchanged harsh words in Greek Parliament on Friday over a controversial bill exempting a certain businessman of fines.
The bill amendment appeared in the House at the last minute on...
Economy
Putin Says Greek Investments Risky
Days after Greek Prime Minister Antonis Samaras wrote him a letter asking for Russia to reduce prices paid for Russian gas, Russian President Vladimir Putin took a shot at Russian entrepreneurs for investing in Greece, which he described as...