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Igoumenitsa wins European Mobility Week Award for small municipalities

The city of Igoumenitsa in Northwestern Greece is won the European Mobility Week Award 2017 for small Municipalities. The Award is granted for Sustainable Urban Mobility Planning. The European Commission announced the winners of the EUROPEANMOBILITYWEEK Award 2017 and 6th Award for Sustainable Urban Mobility Planning (SUMP) at a ceremony …

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EU Commission threatens Greece, Cyprus and Malta over V.A.T. on yachts

 The European Commission has put Malta, Greece and Cyprus on notice of infringement proceedings for not levying the correct amount of Value Added Tax on the provision of yachts.  And some wonder why this when an identical system is used in France. This issue can generate major distortions of competition and …

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Greek Parliament decides to probe 10 politicians in alleged Novartis bribery case

After a plenary debate that lasted 18 hours, the majority of Greek lawmakers voted in favor of setting up a parliamentary committee to investigate two former prime ministers and eight former ministers over allegations of bribery and money laundering by Swiss drugmaker Novartis. Majority of votes was received by EU …

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Two more ex ministers file lawsuits against “protected witnesses” in Novartis bribery case

A former finance and an ex health minister filed lawsuits against the protected witnesses in Novartis bribery case. Evangelos Venizelos (PASOK) and Adonis Georgiadis (New Democracy) filed lawsuits against the protected witnesses on Tuesday, two weeks after the scandal broke out and the report by the corruption prosecutor alleged that …

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Tsipras says Greece will not relinquish right to reimbursement for damage caused by Novartis

Greek Prime Minister Alexis Tsipras said the government will not relinquish its right to reimbursement for damage caused to the state by Novartis, as the former coalition government of New Democracy and PASOK “did with the Siemens kickbacks case.” Tsipras was addressed the Parliament on Monday evening, after the coalition …

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EU Commission proposes creation of European Monetary Fund by 2019

The European Commission unveiled its vision of a rebooted eurozone, including the creation of a European version of the IMF. The European Monetary Fund should be created by 2019. The European Commission unveiled its vision of a rebooted eurozone on Wednesday, including the creation of a European version of the …

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Italy to join trilateral Cyprus-Greece-Egypt energy cooperation

The trilateral cooperation between Cyprus, Greece and Egypt will expand with the participation of Italy, following an initiative of President of Cyprus Nicos Anastasiades, Government Spokesman Nikos Christodoulides has said. In statements on Wednesday at the Presidential Palace, the Spokesman, said that two months ago, the Cypriot President proposed the …

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Gov’t secures €5million in emergency fund for floods victims, Greece to ask for EU aid

Greece’s Economy Ministry announced on Friday announced that it has secured five million euros in emergency funding from Greece’s Public Investments Programme. The money will be allocated to  cover the immediate needs of flood and natural disaster victims in West Attica and elsewhere in Greece. It is not clear, how …

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MEPs call on independent investigation into murder of Malta’s bravest blogger Daphne Caruana Galizia

A Greek member of the European Parliament calls on the EP to send investigators for an independent inquiry into the brutal murder of Maltese journalist and blogger Daphne Caruana Galizia. The 53-year-old investigative journalist and member of the Panama Papers team was teared apart when a powerful n explosive device …

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IMF growth projection for 2018 at 2.6% of Greece’s GDP

The International Monetary Fund on Tuesday said the Greek economy will grow by 2.6 pct in 2018, up from a 2.4 pct growth rate estimate envisaged in a draft budget plan tabled to Parliament by the Greek government last week. The IMF expects the Greek economy to grow 1.8 pct …

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Eurogroup says farewell to Schaeuble, first time Greece not on the agenda

It was the first Eurogroup meeting without Greece being on the agenda and the last Eurogroup meeting for outgoing German finance Minister Wolfgang Schaeuble. End of an era. End of the Schaeuble era. His colleagues paid tribute to the longest serving member. They signed on an European Union flag and …

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EU plans to resettle more refugees from North Africa, support project with 500mn euros

The European Union unveiled a new plan Wednesday to resettle at least 50,000 refugees, the majority of them from northern Africa. The EU’s executive branch, the European Commission, said it has set aside 500 million euros ($587 million) for the effort. It wants refugees in Libya, Egypt, Niger, Sudan, Chad …

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A Eurogroup without whining about a Greek ‘something’ is half the joy…

As if we did not have enough trouble with the oil spill, a long-time-not-seen Eurogroup meeting took place in Tallinn, Estonia, today. Greece’s lenders came together to catch up with the struggling country. Top on the agenda was the implementation of the Greek program and the third review. Eurogroup head …

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