EBRD’s new strategy for Turkey sets out investment priorities

EBRD’s new strategy for Turkey sets out investment priorities By Olga Rosca@olgarosca The Board of Directors of the European Bank for Reconstruction and Development (EBRD) has approved a new strategy for Turkey ... More


Refugee crisis puts pressure on transition countries, EBRD report says

The refugee crisis is putting economic pressure on a number of countries in transition, according to the EBRD’s latest outlook for the economies where it invests. Countries that share borders with Syria and Iraq have ... More


EBRD economies split by conflicting forces

The outlook for economies where the EBRD invests remains split, with countries further to the east weighed down by the Russian recession and weak oil and other commodity prices. Regions further to the west are ... More


Turkish Elections under the view of Greek-speaking Internet

The Turkish Islamic Justice and Development Party (AKP) reclaimed a landscape victory in elections which is also characterized as an impressive personal victory for Turkish president Tayyip Erdogan. The result of Turkish ... More


Turkey''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''

With a remarkable boost in just five months since the June 7 election, the Justice and Development Party (AKP) won the Nov. 1 snap election with a landslide victory, securing a decisive majority at parliament. The seats in the ... More


President Pavlopoulos'' letter to Donald Tusk

President of the Hellenic Republic Prokopis Pavlopoulos on Tuesday sent a letter to European Council President Donald Tusk regarding the meeting held on Monday by Greece's political party leaders and its results. The full letter ... More


Prime Minister Alexis Tsipras’ statement folowing the Eurozone Summit

Today, the Greek government submitted the Greek proposals, both to the Eurogroup and the Summit of Eurozone leaders, which are a product of yesterday’s Meeting of Political Leaders, as part of our national strategy. The ... More


Main results of the Euro Summit

The leaders of the euro area member states discussed the situation in Greece following the referendum held on 5 July. After the meeting President of the Euro Summit Donald Tusk confirmed that the euro area authorities were ... More


Greece given Sunday deadline for debt deal

European leaders gave debt-stricken Athens a final deadline of Sunday to reach a new bailout deal and avoid crashing out of the euro, after Greek voters rejected international creditors' plans in a weekend referendum. Greek ... More


The Day after the Greek Referendum

The official results of the Greek referendum released today by the Interior Ministry with 100% of votes counted across the country are the following: voter participation totaled 62.5% with 61.31% voting 'No' and 38.69% voting ... More


Prime Minister Alexis Tsipras’ address concerning the referendum to be held on the 5th of July

“ Now is the time for the leading European powers to rise to the occasion and take initiative to definitively end the Greek debt crisis, a crisis affecting other European countries as well, by threatening the very ... More


Eurogroup statement on Greece

Since the 20 February 2015 agreement of the Eurogroup on the extension of the current financial assistance arrangement, intensive negotiations have taken place between the institutions and the Greek authorities to achieve a ... More


Greece Calls Referendum on Bailout Terms

By Marcus Walker And Stelios Bouras Greek Prime Minister Alexis Tsipras called a surprise referendum for July 5 on the tough economic policies the country's creditors want in exchange for more rescue funding, escalating the ... More


Greek debt crisis: Eurogroup shifting towards ''Plan B''

The Europgroup is now focusing on Plan B over Greece’s default and possible exit from the euro, as Athens has rejected the latest creditors’ proposals and is going for a referendum on the issue. Prime Minister ... More


MHP presents conditions for formation of coalition with the AKP

Turkey's Prime Minister calls on opposition parties to bury the hatchet and discuss coalition Nationalist Movement Party (MHP) head Devlet Bahçeli has presented three main conditions for the formation of a coalition ... More


Srebrenica is dividing BiH again

President of Republika Srpska Milorad Dodik said he is going to ask Russian Foreign Minister Sergei Lavrov at a meeting in Saint Petersburg on June 18 for Russia to veto the resolution on Srebrenica in the UN Security ... More


EU releases world tax havens blacklist

The European Union published its first list of international tax havens on Wednesday as part of a crackdown on multinational companies trying to avoid paying tax in the 28-nation bloc. The list of 30 territories includes ... More


Croatian PM sees energy as possible turning point for Japan investments in Croatia

Japan has not invested a lot in Croatia so far, but the energy sector could be the turning point in that, Prime Minister Zoran Milanovic said in Tokyo on Wednesday, after a meeting with his Japanese counterpart Shinzo ... More


Hungary Plans 4-kilometer Fence Along Serbian Border to Fight Refugee Influx

Hungary is set on building a 4-kilometer fence along its border with Serbia in order to counteract the immigrant influx to the country. "We are talking about a stretch of border 175 km (110 miles) long, whose physical closure ... More


Deflation Returned to Bulgaria in May - National Statistical Institute

According to the latest figures of the National Statistical Institute (NSI) on the index of consumer prices, which were released on Monday, deflation returned to Bulgaria in May. The monthly inflation stood at negative 0.2 % ... More