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IBNA Analysis/Economic developments at the focus of Premier Rama

By   /  24/02/2017  /  AL Finance, Albania, Finance, Headlines  /  No Comments

By Edison Kurani The Albanian Prime Minister is trying to “keep his feet on the ground”, while analyzing the economic developments in the country during the last three and a half years, since the left wing came in power. Rama compares several figures with the 8 years in office of the right wing and estimates […]

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Tsakalotos defends handling of negotiations with creditors

By   /  23/02/2017  /  Finance, GR Finance, GR Politics, Greece  /  No Comments

  Greek Finance Minister Euclid Tsakalotos defended the results of the latest Eurogroup meeting for Greece which resulted in direct talks with creditors resuming in Athens next week. The minister rejected criticism that his handling of talks with creditors are likely to result in a fresh round of austerity, arguing that Athens will make reforms […]

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 Tsipras holds telephone conversation with Lagarde

By   /  23/02/2017  /  Finance, GR Finance, GR Politics, Greece, Politics  /  No Comments

  Greek Prime Minister Alexis Tsipras held a conversation over the telephone with IMF Managing Director Christine Lagarde, on the eve of the latter’s meeting with the German Chancellor in Berlin. In their telephone conversation, according to government sources, they discussed that Greece has taken steps in changing the financial mixture the IMF requests for […]

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Russians and Chinese “champions” in Greek Golden Visas

By   /  23/02/2017  /  Business, Finance, GR Business, GR Finance, GR Politics, GR Social, Greece, Politics, Social  /  No Comments

  The Greek Golden Visa program providing a permit to reside in Greece to investors of over 250,000 euros in the country has generated great interest. Those who have most utilized the program are the Chinese and Russians. Investments may involve either real estate or business activity and permits are granted to investors / residents […]

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Government eyes ENFIA tax reform

By   /  23/02/2017  /  Finance, GR Finance, GR Politics, GR Social, Greece, Politics, Social  /  No Comments

  The Greek Finance Ministry is working on a set of so called “countermeasures” it will propose to creditors, aimed at offsetting the extra austerity which is expected to be imposed in order to make sure fiscal targets are met. According to government sources, for every euro resulting from the lowering of the tax-free threshold, […]

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Where Athens and creditors stand following Eurogroup agreement

By   /  22/02/2017  /  Finance, GR Finance, GR Politics, GR Social, Greece, Politics, Social  /  No Comments

  Following Monday’s Eurogroup meeting in Brussels, several conclusions could be drawn as to what the Greek government took away and what remains to be done in terms of the review of Greece’s bailout program. It is now clear that there was no “political agreement” to wrap up the review as the Greek government hoped. […]

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Athens agrees to legislate more measures; creditors set to return

By   /  20/02/2017  /  Finance  /  No Comments

Prior to a crucial Eurogroup meeting on Monday evening, an agreement was reached an agreement was reached during a meeting in Brussels, in which participants included Greek Finance Minister Tsakalotos, Eurogroup president Jeroen Dijsselbloem, European Financial Affairs Commissioner Pierre Moscovici, Eureopean Stability Mechanism chief Klaus Regling and other representatives of Greece’s creditors. The Greek side […]

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Athens hoping for “political agreement” at crucial Eurogroup meeting

By   /  19/02/2017  /  Finance  /  No Comments

Greek Finance Minister will attend a crucial Eurogroup meeting on Monday hoping for “a political agreement” to wrap up the review of its bailout program, having pointed out in recent weeks that “delays are not in the benefit of Greece or Europe”. Over the last few days, deliberations have continued between Greek government officials and […]

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Analysts expect review of Greek program to drag on

By   /  15/02/2017  /  Finance, GR Finance, GR Politics, Greece, Headlines, Politics  /  No Comments

  In recent notes to investors, financial analysts expect the Greek government and the country’s creditors to strike a deal to conclude the review of the adjustment program in the summer of 2017, as soon as the country begins to feel the pressure of deadlines for enormous debt repayments. Markets have been nervously waiting for […]

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Moscovici: There is convergence at certain points to conclude the review and move ahead

By   /  15/02/2017  /  Finance, GR Finance, GR Politics, Greece, Politics  /  No Comments

  Greece’s talks with its official lenders on concluding the programme review have made progress but more steps are needed, EU Commissioner for Economic and Financial Affairs, Taxation and Customs said on Wednesday upon his arrival at the Finance Ministry. “There is convergence at certain points so that we can conclude the review and move […]

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