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Waiting for Putin

Waiting for Putin At the NATO Summit in Madrid, when Turkey agreed to the future accession of Sweden and Finland, Recep Tayyip Erdogan did not look like a man who had triumphed after keeping the military alliance hostage for several weeks. Perhaps his scowl did not reflect only his concern as to how the memorandum […]

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Finnish president says Turkey has agreed to back Finnish and Swedish NATO membership

Finnish president says Turkey has agreed to back Finnish and Swedish NATO membership Finland’s President Sauli Niinisto said on Tuesday that Turkey has agreed to support Finland and Sweden’s joint membership of NATO, on the first day of the alliance’s summit in the Spanish capital Madrid. Niinisto said the breakthrough came after the three countries […]

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US Cancels $6 Billion of Student Loans

US Cancels $6 Billion of Student Loans The US Department of Education has agreed canceled $6 billion worth of student loans for over 250,000 people as a result of a settlement of a class-action lawsuit. Credit: APK, CCBY-SA-3.0 The US Department of Education has agreed canceled $6 billion worth of student loans for over 250,000 […]

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EU grants Ukraine, Moldova path to membership

EU grants Ukraine, Moldova path to membership The European Union agreed Thursday to put Ukraine on a path toward EU membership, acting with uncharacteristic speed and unity to pull the embattled country further away from Russia’s influence and bind it more closely to the West. Meeting at a summit in Brussels, leaders of the EU’s […]

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EU Covid certificate extended for a year

EU Covid certificate extended for a year The European Parliament and Council have agreed to grant a one-year extension to the EU Digital Covid Certificate (EUDCC), allowing citizens to continue using their certificate to travel across the bloc past the regulation’s initial expiry date of June 30. “Since the beginning of the Covid-19 pandemic, we […]

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Greek-Saudi deal on fiber-optic data cable

Greek-Saudi deal on fiber-optic data cable Greece and Saudi Arabia agreed on Tuesday on the main terms to set up a joint venture to lay a fiber-optic data cable that will link Europe with Asia. The East to Med data Corridor (EMC project), an undersea and land data cable, will be developed by MENA HUB, […]

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Bulgaria and Greece plan joint gas purchases

Bulgaria and Greece plan joint gas purchases Bulgaria and Greece agreed on Thursday to seek joint gas deliveries for southeastern Europe and decrease its reliance on Russian gas amid the war in Ukraine, Bulgarian Energy Minister Alexander Nikolov said on Thursday. Bulgaria, which was meeting over 90% of its gas needs with Russian imports, saw […]

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EIB’s €75 mln loan to Elval

EIB’s €75 mln loan to Elval The European Investment Bank has agreed to provide a 75-million-euro 10-year loan to Elval, ElvalHalcor’s aluminium rolling division, financing 50% of its new investment. The first phase of ElvalHalcor’s five-year investment program to gradually increase overall production capacity of flat-rolled aluminium to more than 500,000 tons per year was […]

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Piraeus buys out Iolcus investment firm

Piraeus buys out Iolcus investment firm Piraeus Bank said on Wednesday it agreed to fully acquire investment firm Iolcus for about 10 million euros to boost its fee-generating pools. Set up in 2011, Iolcus manages the Apolis alternative investment funds and portfolios for private and institutional investors and has €1 billion in assets under management. […]

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Turkish FM says held constructive talks with Saudi counterpart, agreed to improve ties

Turkish FM says held constructive talks with Saudi counterpart, agreed to improve ties Turkish Foreign Minister Mevlut Cavusoglu said on Tuesday he had held constructive discussions with his Saudi Arabian counterpart and that the two ministers had agreed to improve ties, as Ankara works to repair its strained regional relations. Ties between Ankara and Riyadh […]

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Greece and China Sign Deal to Boost Tourism

Greece and China Sign Deal to Boost Tourism Greece and China agreed to strengthen tourism between the two countries on Monday. Credit: Greek Ministry of Tourism Greece and China signed a deal on Monday with the goal of strengthening tourism between the two countries in the future. Greek Tourism Minister Vassilis Kikilias and Xiao Junzheng, […]

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HSBC sells local network to Pancreta

HSBC sells local network to Pancreta HSBC announced on Monday it had agreed to sell its branch operations in Greece to local bank Pancreta Bank, as the lender further sharpens its focus on its biggest market, that being Asia. The deal is part of a multi-year restructuring by HSBC, which included axing its loss-making US […]

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Greece supports Libya’s path to December elections

Greece supports Libya’s path to December elections Greece and Libya’s top diplomats agreed on Monday that all foreign mercenaries and fighters must withdraw from the North African country and that elections must be held as planned on December 24. “The biggest challenge we face is safeguarding Libya’s independence, sovereignty and territorial integrity,” Greek Foreign Affairs […]

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A Mini-Schengen in the Balkans

A Mini-Schengen in the Balkans The leaders of Serbia, North Macedonia and Albania agreed last Thursday to open their borders to one another, allowing free passage to their respective citizens, goods and capital as of January 1, 2023. They named their initiative “Open Balkans” or “Mini-Schengen” – after the European Union’s free travel zone – […]

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Deal on new asylum agency

Deal on new asylum agency The European Parliament and the European Council yesterday agreed on the process of upgrading the European Asylum Support Office (EASO) to the European Union Asylum Agency (EUAA), with increased autonomy and a mandate to monitor the asylum agencies of individual member-states. European Commission Vice President Margaritis Schinas, who holds the […]

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EU to add Canada, 10 other states to safe travel list

EU to add Canada, 10 other states to safe travel list European Union governments agreed on Wednesday to add Canada and 10 other countries to their list of states from which they will allow non-essential travel, EU diplomats said. Ambassadors from the EU’s 27 states approved the additions at a meeting on Wednesday, with the […]

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EU to add United States to safe travel list

EU to add United States to safe travel list European Union governments agreed on Wednesday to add the United States to their list of countries from which they will allow non-essential travel, EU diplomats said. Ambassadors from the EU’s 27 countries approved the addition of the United States and five other countries at a meeting […]

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Mitsotakis, Erdogan agreed 2020 tension must not be repeated, says spokesperson

Mitsotakis, Erdogan agreed 2020 tension must not be repeated, says spokesperson The meeting between Prime Minister Kyriakos Mitsotakis and Turkish President Recep Tayyip Erdogan on the sidelines of the NATO summit in Brussels on Monday led to an agreement not to allow tensions to escalate going forward, government spokesperson Aristotelia Peloni said on Tuesday. “Both […]

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Erdogan says he agreed with Greek PM to continue dialogue

Erdogan says he agreed with Greek PM to continue dialogue Turkey’s President Tayyip Erdogan said on Monday he agreed at a meeting with Greek Prime Minister Kyriakos Mitsotakis to continue using channels for dialogue between the two countries. Erdogan, who met Mitsotakis on the sidelines of a NATO summit in Brussels, said there was no […]

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Worldline buys out Cardlink

Worldline buys out Cardlink Quest Group has agreed to sell Cardlink, its Greek network service provider (NSP) and card payment network, to French group Worldline. The deal was announced on Friday and provides for the sale of 92.75% of the company to Worldline, with Cardlink CEO Giorgos Drimiotis retaining a 7.5% stake and remaining in […]

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EU leaders agree to donate 100 million doses of vaccines

EU leaders agree to donate 100 million doses of vaccines EU leaders agreed Tuesday to donate at least 100 million doses of Covid-19 vaccines to poorer nations by the end of the year as supplies steadily rise across Europe. Gathered in Brussels for a two-day summit, the 27 leaders backed a text in which they […]

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