Tag Archives: deal

Germany has hinted the International Monetary Fund can stay out of financing the third bailout for Greece as Berlin vehemently rejects debt relief. At the same time, Euro-zone  policy-makers will seek last-minute backing this week from the International Monetary Fund for their debt-relief offer to Greece, to ensure it is …

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Fraport Greece and Greece’s biggest telecoms provider Cosmote announced they have reached a deal to upgrade the telecommunication systems in 14 regional airports on Thursday. According to the announcements, Cosmote will install telecommunication system, upgrade telecoms and IT infrastructure at the airports facilities. Among others, Cosmote  will offer a private …

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In an extraordinary meeting, Greece’s Government Council of Defense and Foreign Affairs (KYSEA) approved the program for upgrading 85 fighter jets F-16 of the Hellenic Air Force. The program is worth 1.1 billion euros and has been approved after the US accepted the Greek proposal for payment in installments. The …

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The two French frigates FREMM will not come to Greece. French media reported on Tuesday morning that the French Defense Minister had dismissed Greek reports of last week that the French Navy would lease two FREMM frigates to Greece. According to what Greek Alternate Defense Minister, Fotis Kouvelis, said last …

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Police officers will replace private security guards at the stations of  metro and urban train ISAP in Greece’s capital Athens. According to an agreement signed between the Transportation Ministry and Greek Police,  ELAS will supply 200 police officers whose sole task will be the protection of commuters and public property. …

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Greece’s coalition government and especially Panos Kammenos, the leader of junior partner Independent Greeks and Defense Minister, faced a tough questioning in the Parliament on  Monday over a failed deal to sell Greek army missiles to Saudi Arabia. Defense Minister Kammenos had secured a €66-million deal with Saudi Arabia to …

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Russia’s largest oil producer Rosneft and Greece’s Motor Oil Hellas Corinth Refineries have signed a deal on mutual supplies of crude oil and oil products for the next five years, Rosneft said on Monday. Rosneft said the deal, signed with the participation of Petrocas Energy, a Rosneft subsidiary, implied the …

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Greek Defense Minister Panos Kammenos announced on Sunday that he stops the procedure regarding the upgrading of Greek F-16 fighter jets by US companies; a 2.4-billion-dollar project that was agreed upon during the visit of Prime Minister Alexis Tsipras in Washington last month Kammenos’ decision came after New Democracy MP …

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Cornered by fierce opposition criticism and lenders’ reservation to spend €2.4billion for defense issues, the Greek government defended the controversial F-16 deal with the U.S. The deal is not expected to harm the fiscal progress, the government spokesman said, while the defense ministry claimed that the upgrade work will be …

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Turkey and Russia are close to signing a contract for supplying of S-400 missile systems, Russian defense giant Rosoboronexport said Tuesday. “The contract is close to signing, but has not been signed yet and, accordingly, has not yet entered into force,” Rosoboronexport general director Alexander Miheyev said, adding that “the …

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The much anticipated return to the bond markets is on. Greece’s government is returning to the financial markets for the first time since 2014. The bond sale started at 1 p.m. Monday noon July 24th. 2017. The government aims to raise some 4.03 billion euros from the auction, while the …

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For the Greek government the deal at the Eurogroup is a success. The markets see it positive but with caution. The common people remain desperate and wonder how and whether the deal will improve their lives. And some simply feel confused about the agreement. The Government “Greece is turning a …

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The International Monetary Fund and the eurozone may need more time to reach an agreement on a debt relief package for Greece, the Fund’s managing director Christine Lagarde said on Friday. She urged eurozone lenders to be “far more specific” in their commitment to a debt-relief package for Greece. “We …

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The International Monetary Fund’s discussions on Greece’s debt are ongoing and no deal has been reached, IMF spokesman William Murray said on Thursday. At the same time, Murray warned that there will be no Greek deal without a credible strategy on the Greek debt and that the Fund will not …

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Deal or half deal? Success or partial success? The Greek government reported of a deal with creditors on Thursday morning, of a preliminary technical deal and stressed that negotiations on debt relief could start. A few hours later, the German finance ministry forced Greeks back to earth, to an emergency …

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Greece will lower tax-free threshold to 5,681 euros annual income. The European Union sets the poverty line at 6,000 euro. This is the biggest scandal in the package of additional austerity measures Greece and creditors agreed upon in the early morning hours of Thursday.The second scandal is an additional cut …

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From Monday afternoon till Tuesday dawn of Tuesday, Greek government and creditors’ representatives sat in Hilton hotel for the fine touch on outstanding issues. The results is an additional austerity measures package without extra financing. This practically means a two-year extension of the bailout agreement Greece and the European creditors …

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Greek Prime Minister Alexis Tsipras called for an emergency Summit of the Eurozone member states before Easter, should there be no agreement between Greece and its European creditors at the Eurogroup meeting on upcoming Friday, April 7, 2017. The Prime Minister revealed that he already asked European Council President Donald …

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Greece will conclude a 1.2 billion euro ($1.3 billion) airport deal with a Fraport-led consortium later this month, signalling the country’s biggest privatisation venture so far under its international bailouts. Privatisations have been a key pillar of Greece’s three international rescue programmes since 2010 but have reaped only 4 billion …

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The Parthenon Marbles could be apart of the Brexit deal between UK and the European Union. In the mind of Geoffrey Robertson, the Marbles “are, of course, priceless, and a UK offer to return them should be accepted in return for major concessions.” Geoffrey who? Geoffrey Robertson is head of …

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