Category: FINANCE

59% of TAP route in Greece, Albania being reinstated
FINANCE
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FINANCE
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59% of TAP route in Greece, Albania being reinstated

Panos - May 25, 2018

Around 59 percent of Trans Adriatic Pipeline (TAP) route in Greece and Albania is being reinstated, TAP AG consortium said…

European, EZ officials point to progress in Greek program; crucial date June 21 for debt relief
FINANCE
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FINANCE
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European, EZ officials point to progress in Greek program; crucial date June 21 for debt relief

Panos - May 25, 2018

European and Eurozone officials on Thursday confirmed that finance ministers of the common euro area (Eurogroup) requested an updated debt…

EuroGroup President: Reforms in Greece must be implemented next week
FINANCE
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FINANCE
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EuroGroup President: Reforms in Greece must be implemented next week

makis - May 24, 2018

Arriving at the Eurogroup meeting in Brussels, the body’s president Mario Centeno said the news of a deal at a…

Strict supervision; pension cuts, lower tax-free income ceiling cited in Commission’s supplemental MoU for Greece
FINANCE
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FINANCE
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Strict supervision; pension cuts, lower tax-free income ceiling cited in Commission’s supplemental MoU for Greece

Panos - May 24, 2018

The European Commission's 40-page " Supplemental Memorandum of Understanding" for Greece was posted on Thursday morning, highlighting what it called…

Panos Kammenos: “No agreement to parliament if FYROM does not change its Constitution”
FINANCE
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FINANCE
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Panos Kammenos: “No agreement to parliament if FYROM does not change its Constitution”

Panos - May 23, 2018

The government will not bring any agreement on the FYROM name issue to parliament unless the neighbouring country first changes…

Cyprus to cap its “golden visa” program
FINANCE
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FINANCE
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Cyprus to cap its “golden visa” program

Panos - May 23, 2018

Stung by criticism it has been selling European Union passports for cash, Cyprus has tightened vetting procedures in a scheme…

Dombrovskis the latest EU official to comment on ongoing Greek debt relief prospects
FINANCE
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FINANCE
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Dombrovskis the latest EU official to comment on ongoing Greek debt relief prospects

Panos - May 23, 2018

European Commission VP and Commissioner for the Euro and Social Dialogue Valdis Dombrovskis on Tuesday commented directly on the ongoing…

Turkish lira continues its freefall
FINANCE
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FINANCE
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Turkish lira continues its freefall

makis - May 21, 2018

The Turkish lira has continued to plummet so far in 2018, sinking to fresh all-time lows as a worrisome cocktail…

IMF official again says time running out for Fund’s participation in Greek program
FINANCE
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FINANCE
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IMF official again says time running out for Fund’s participation in Greek program

Panos - May 18, 2018

The IMF on Thursday again warned that time was running out for creditors to agree on debt relief measures, which…

IMF: The Greek debt relief issue should have been settled yesterday
FINANCE
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FINANCE
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IMF: The Greek debt relief issue should have been settled yesterday

makis - May 17, 2018

The IMF spokesperson Gerry Rice said the organisation had open differences with its European partners regarding the debt relief on…

Turkish banker sentenced to 32 months in Iran sanctions case
FINANCE
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FINANCE
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Turkish banker sentenced to 32 months in Iran sanctions case

Panos - May 17, 2018

A U.S. judge has sentenced a Turkish banking executive to 32 months in prison after his conviction for evading sanctions…

Tsipras from Sofia: ‘Right decisions’ needed now for Greek debt relief; refers to ‘name issue’ talks
FINANCE
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FINANCE
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Tsipras from Sofia: ‘Right decisions’ needed now for Greek debt relief; refers to ‘name issue’ talks

Panos - May 17, 2018

Greek Prime Minister Alexis Tsipras on Wednesday referred to the need for "right decisions" to be taken in regards to…

Turkey’s economy is entering a “slow burning crisis”, analysts warn
FINANCE
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FINANCE
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Turkey’s economy is entering a “slow burning crisis”, analysts warn

Panos - May 17, 2018

Turkey’s economy is overheating and if the government doesn’t act then the country is in trouble, according to several analysts.…

Greece urgently needs more debt relief—will it get it?
FINANCE
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FINANCE
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Greece urgently needs more debt relief—will it get it?

Panos - May 16, 2018

In August Greece is due to leave its third bailout programme. That exit will be one to celebrate unlike the…

IMF: Revision, downwards, in Greek GDP forecast for 2018 the biggest among EU states
FINANCE
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FINANCE
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IMF: Revision, downwards, in Greek GDP forecast for 2018 the biggest among EU states

Panos - May 16, 2018

The IMF continued to be "bearish" over Greek economic prospects, with a report issued this week by the Washington D.C.-based…

Fair market values to be discussed at meeting with Greece’s creditors
FINANCE
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FINANCE
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Fair market values to be discussed at meeting with Greece’s creditors

Panos - May 16, 2018

Talks between the Greek government and its creditors will enter their final stages regarding changes in the fair market value…

Tourism makes up 6% of Greek GDP, OECD says
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FINANCE
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Tourism makes up 6% of Greek GDP, OECD says

Panos - May 15, 2018

With the weather improving, summer is finally on the horizon. That means hotels, restaurants and attractions in tourist hotspots across…

Yet another acquittal for former head of stats agency, Andreas Georgiou, overturned
FINANCE
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FINANCE
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Yet another acquittal for former head of stats agency, Andreas Georgiou, overturned

Panos - May 15, 2018

A Supreme Court council, the one specializing in criminal code cases, on Monday accepted a recommendation by a high court…

Tsakalotos: ECB proposal for precautionary credit would merely delay return to ‘normalcy’
FINANCE
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FINANCE
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Tsakalotos: ECB proposal for precautionary credit would merely delay return to ‘normalcy’

Panos - May 15, 2018

Greek Finance Minister Euclid Tsakalotos on Tuesday dismissed the latest high-profile comments by a top European Central Bank (ECB) official…

ECB supervisory board head Nouy again reiterates need to reduce Greek banks’ NPLs
FINANCE
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FINANCE
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ECB supervisory board head Nouy again reiterates need to reduce Greek banks’ NPLs

Panos - May 15, 2018

The head of the European Central Bank's (ECB) supervisory board, Danièle Nouy, met separately on Monday with Bank of Greece…