Finance Minister discusses, tax cuts and reforms with ESM chief
Finance Minister Christos Staikouras on Monday met with Klaus Regling, the managing director of the European Stability Mechanism (ESM) in Athens. The meeting is one of several that Staikouras is scheduled to hold with representatives of Greece's international creditors. The new Finance Minister will also present his policy plans at the next Eurogroup meeting on 13 September. Newly-elected Prime Minister Kyriacos Mitsotakis will also meet with Regling on Tuesday. The Greek premier is set to present to Regling an ambitious reform plan that aims to boost growth and attract investment. As the country’s debt management agency prepares the issue of a 7-year bond aiming to...
Council conclusions for the Turkish drilling activities in the Eastern Mediterranean
The High Representative and foreign ministers discussed the most pressing issues on the international agenda. They referred to the situation regarding Turkey's current illegal drilling activities in the Eastern Mediterranean. The Council adopted the following conclusions on the Turkish drilling activities in the Eastern Mediterranean: "1. Recalling the Council conclusions of 18 June 2019 and previous European Council conclusions, notably those of 20 June 2019, the Council deplores that, despite the European Union's repeated calls to cease its illegal activities in the Eastern Mediterranean, Turkey continued its drilling operations west of Cyprus and launched a second drilling operation northeast of Cyprus within Cypriot territorial waters....
Non-European powers should not make decisions on Kosovo, Macron says in Belgrade
“You invited me, and I have come. We want to open a new page together”, said French President Emmanuel Macron in Belgrade on Monday. Macron is first President of France to visit Belgrade in 18 years. His Serbian counterpart Aleksandar Vucic has said that he was “very happy” over the visit. At the beginning of the two-day visit, Macron reiterated his position regarding European Union’s enlargement, saying that EU must reform itself before accepting new member states. “EU does not function well now and I think that we should first make some decision in order both, we and you, to act faster. I also believe...
SYRIZA’s Central Committee calls for a “reboot”
The "green light" for the transformation of SYRIZA into a party that will express and integrate the left, progressive, democratic and environmental citizens in its ranks, was given by the Central Committee meeting on Saturday. The party of Alexis Tsipras, 4.5 years after Greece's governance for the first time by a left-wing force, is now facing a new historical challenge: To match the strong 31.5% to the political and organizational power of the party. "We need to reboot the party," the SYRIZA president said distinctively. For this reason, the procedures and the recording of the proposals for the process of reconstruction, the structure and the...
Ministry of Finance: There is no “gap” in 2019
The Ministry of Finance assured an absence of a budget gap in 2019, shortly after the meeting of the new Minister, Christos Staikouras, with ESM chief Klaus Regling, adding that there is confidence in the ministry's services that make the relevant forecasts. In fact, they themselves said that the lenders are giving room for changes in fiscal policy provided that they "meet the targets". According to the same sources, a first discussion on the tax bill was held, while very soon the first text will be presented to the lenders, while the goal does not change with regard to its deposition and vote until August...
Greece: Travel revenue increase by 34.8% in the first quarter
An increase of EUR 747 million was recorded in travel revenue in the period January - March 2019. According to the Bank of Greece, the number of visitors approached 2 million, an increase of 7% over the same period in 2018. More specifically, based on the Bank's definitive figures, the surplus of the travel balance amounted to EUR 165 million, compared to a surplus of EUR 127 million in the corresponding period of 2018, an increase of 29.5%. This development is due to the increase in revenue from residents of the European Union by 23.2%, or EUR 402 million, accounting for 53.8% of total revenue....
Greece plans new foray in the markets with 7-year bond
The issue of a 7-year bond is being planned, most likely even today, by the Public Debt Management Agency (PDMA). For this reason, the PDMA has already mandated Bank of America Merill Lynch, Deutsche Bank, Morgan Stanley, Nomura and Société Générale to proceed with the relevant procedures. According to the relevant announcement, the process is about to begin "in the near future" and it depends on the conditions prevailing in the markets. Information, however, indicates that the book will open today. The same sources suggested that the informal target of the issue is to set an interest rate of 1.80%. It is noted here that...
Guaido invites Mitsotakis to visit Venezuela
Prime Minister, Kyriakos Mitsotakis, had a telephone conversation with Juan Guaido this afternoon. Guaido called Prime Minister Kyriacos Mitsotakis to congratulate him on his election. During their communication, inter alia, Juan Guaido warmly thanked the Greek Prime Minister for his intention to recognize him as the Transitional President of Venezuela. In addition, he invited Kyriakos Mitsotakis to visit Venezuela when the situation in the country is normalized and circumstances allow. Finally, it highlighted the key role that Greece can play in the EU, to address the humanitarian crisis in his country. Kyriacos Mitsotakis has telephone conversation with Egyptian President Abdel Fattah el-Sisi Egyptian President Abdel...
The situation with Turkish citizens is politicized, lawyers said
The legal representatives of Turkish citizens, whose extradition is requested by the Republic of Turkey, consider that the rights of their clients, first of all, should be protected by the institutions of Bosnia and Herzegovina, and that they, as the legal representatives, are there "to provide evidence that their clients are not members of any terrorist organizations, that no procedure is being conducted against them and that they have been living legally and legitimately in BiH for years". Lawyer Nedim Ademović said at a press conference on Monday in Sarajevo that "the situation with Turkish citizens is politicized and there is a great political pressure...
Modestly, humbly and consensually
The new government appears unifying and consensual during its first week. Both the prime minister and the ministers appear reassuring and try to entertain the impressions of a "neoliberal whirlwind", a rhetoric used by SYRIZA in the election period, and one that the leftist party continues to use as main opposition. One of the first meetings of the Prime Minister was with the Minister of Labour, Yannis Vroutsis, where they stressed the need to respect the labour law. To underline this fact, the minister afterwards met with labour inspectors in order to declare that checks will take place and there will be no tolerance for...