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Bulgaria

Bulgaria President Invites Google, HP, Cisco to Sofia Tech Park

Bulgaria-President-Invites-Google,-HP,-Cisco-to-Sofia-Tech-ParkBulgarian President Rosen Plevneliev, who is on an official visit to the United States, has said that giants like Google, Hewlett Packard and Cisco will help Bulgaria...
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Bulgaria

Bulgaria, Gazprom hope to ink deal to cut price of Russian gas

Bulgaria,-Gazprom-hope-to-ink-deal-to-cut-price-of-Russian-gasBulgaria and Russian gas giant Gazprom are preparing to sign an agreement to cut the price of Russian gas, with Sofia seeking a 11.1% discount, according to market...
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Romania

Romanian telecom RCS&RDS launches voice-over-IP on mobile for its subscribers

Romanian-telecom-RCS-RDS-launches-voice-over-IP-on-mobile-for-its-subscribersRomanian cable and mobile communications company RCS&RDS will launch a new service allowing its users to call unlimited, for free, via voice-over-IP, to any destination,...
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Romania

Romania could export armoured vehicles to South America

Romania-could-export-armoured-vehicles-to-South-AmericaHead of the Defence Industry and Special Affairs of the Ministry of Economy, Trade and Business Milieu (MECMA) Mircea Tantau told Agerpres that there are encouraging...
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Romania

New Romania govt to stick to privatisation plans

New-Romania-govt-to-stick-to-privatisation-plansRomania's new government will stick to existing timetables for the sale of stakes in state-owned power companies and hopes to achieve dual listings for those slated to...
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Israel

Israeli company writes off stake in Egyptian gas

Israeli-company-writes-off-stake-in-Egyptian-gasAn Israeli company has written off its entire 12.5 per cent investment in the company that sold Egyptian natural gas to Israel before Egypt terminated the exports.
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Israel

Israeli housing back in fashion as buyers give up hope of price drop

Israeli-housing-back-in-fashion-as-buyers-give-up-hope-of-price-dropIt would seem that after a protracted slump in sales, buyers are returning to the housing market.The year 2011 had been marked by a statistically significant downturn in...
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Cyprus

Greece reiterates support for Cyprus

Greece-reiterates-support-for-CyprusGreece has assured that, in spite of the difficult times it is facing, it stands firm on the Cyprus issue, in support of the ongoing UN effort to find a negotiated...
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Cyprus

Cyprus International Fair opens its doors

Cyprus-International-Fair-opens-its-doorsTwo hundred and forty seven exhibitors, representing over 1000 local and international companies, will participate in the 37th Cyprus International Fair, which opens its...
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Cyprus

Bank crisis hits Cyprus as government moves to part-nationalise Popular Bank

Bank-crisis-hits-Cyprus-as-government-moves-to-part-nationalise-Popular-BankFears were growing for banks in Cyprus today after the country moved towards a possible part-nationalisation of the Cyprus Popular Bank, its second-largest lender. The...
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Turkey

Turkey's New Middle Class

Turkey-s-New-Middle-ClassAlthough the 2012 Life Trends and Attitudes Research analyses by Ipsos KMG states the obvious case to some, these analyses contain important facts to identify...
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Turkey

Both Bulgaria and Turkey suffer from incomplete infrastructure projects: Turkish PM

Both-Bulgaria-and-Turkey-suffer-from-incomplete-infrastructure-projects-Turkish-PMBoth Bulgaria and Turkey suffer from incomplete infrastructure projects, Turkish Prime Minister Recep Tayyip Erdogan said after the trilateral meeting with his Qatari...
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Turkey

Turkey Seeks to Calm Markets Over Lira

Turkey-Seeks-to-Calm-Markets-Over-LiraTurkey's central bank governor sought to reassure markets Friday that the lira would continue to perform well and policies keeping it strong will remain, even as the...
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Greece

Uncertainty Puts Revenue Collection Behind

Uncertainty-Puts-Revenue-Collection-BehindCollection of public revenues has fallen by about 15% since the May 6 election which produced a hung Parliament, finance ministry sources said.
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Turkey

Praised by EU, Turkey woos foreign investors

Praised-by-EU,-Turkey-woos-foreign-investorsThe miracle Turkish economy is lavishly praised by the EU, with particular emphasis on national growth and the curbing of public debt. Recently announced incentives also...
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Greece

Greek April Inflation Lowest In Eurozone

Greek-April-Inflation-Lowest-In-EurozoneGreek inflation rose to 1.5% in April from 1.4% in March, but was still the lowest in the eurozone, according to Eurostat figures released on Wednesday.
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Greece

Privatizations To Be Delayed

Privatizations-To-Be-DelayedPolitical uncertainty is rolling back Greece’s privatizations program by at least two months, making the revenue target of €3 billion this year seem extremely...
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Greece

Banks Say No Concern About Deposits

Banks-Say-No-Concern-About-DepositsBanking circles advised on Tuesday that there was no reason for concern about deposits, in view of rising withdrawals as a result of the political uncertainty.
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Bulgaria

Bulgaria's Economy Expands by 0.5% in Q1 2012 Y/Y

Bulgaria-s-Economy-Expands-by-0-5-in-Q1-2012-Y-YThe Gross Domestic Product, GDP, in Bulgaria in the first quarter of 2011 increased by 0.5%, compared with the same quarter of the previous year.GDP remains at the same...
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Bulgaria

European Study Ranks Bulgaria at Healthcare's Bottom

European-Study-Ranks-Bulgaria-at-Healthcare-s-BottomBulgaria's healthcare is one spot before the last one in Europe in the 2012 ranking of the Euro Health Consumer Index (EHCI), presented Tuesday in the European...
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Israel

Iran attack decision nears, Israeli elite locks down

Iran-attack-decision-nears,-Israeli-elite-locks-downA private door opens from Israeli Prime Minister Benjamin Netanyahu's office in central Jerusalem directly into a long, modestly furnished, half-paneled room decorated...
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Israel

Iran attack decision nears, Israeli elite locks down

Iran-attack-decision-nears,-Israeli-elite-locks-downA private door opens from Israeli Prime Minister Benjamin Netanyahu's office in central Jerusalem directly into a long, modestly furnished, half-paneled room decorated...
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Greece

SYRIZA Ahead In Opinion Poll

SYRIZA-Ahead-In-Opinion-PollGreece’s Coalition of the Left (SYRIZA) –the surprise runner up in the May 6 election, appears ahead in an opinion poll published on Thursday –a month before a new...
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Cyprus

Continuation of Negotiations Process in Cyprus Important, Says UN Spokesperson Nesirky

Continuation-of-Negotiations-Process-in-Cyprus-Important,-Says-UN-Spokesperson-NesirkySpokesperson for the United Nations (UN) Martin Nesirky on Wednesday said that the continuation of the negotiations process in Cyprus was important.
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Israel

BBC Poll: Israel's global image plummets

BBC-Poll-Israel-s-global-image-plummetsIsrael is ranked third among nations perceived as having a negative influence on the world, the BBC's annual poll shows, indicating further decline in the Jewish state's...
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Turkey

United States Believes Turkey to Become One of Ten Giant World Economies

United-States-Believes-Turkey-to-Become-One-of-Ten-Giant-World-EconomiesThe senior U.S. diplomat in Turkey expressed belief on Wednesday that Turkey would become one of the ten giant economies in the world. U.S. Ambassador to Turkey Francis...
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Turkey

Turkey: Israel violated north Cyprus airspace

Turkey-Israel-violated-north-Cyprus-airspaceTurkey's military says two of its warplanes chased an Israeli aircraft that allegedly violated the airspace of the breakaway Turkish Cypriot state, where Turkey is...
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Greece

Greek Caretaker Government Sworn In

Greek-Caretaker-Government-Sworn-InGreece’s caretaker government, headed by justice Panagiotis Pikrammenos, was sworn in on Thursday morning.
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Greece

Greece To Hold Fresh Poll On June 17

Greece-To-Hold-Fresh-Poll-On-June-17Greek political party leaders on Wednesday agreed on a caretaker government that will hold a fresh poll on June 17.
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Cyprus

Cyprus FM attends EU Foreign Affairs Council

Cyprus-FM-attends-EU-Foreign-Affairs-CouncilThe Foreign Affairs Council of the EU discussed during today’s session the situation in Afghanistan, the Middle East peace process, as well as developments in the...
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Opinion

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Nikos Chrysoloras

Game Over?

Game Over?

Two camps are currently taking shape in the eurozone in relation to the “Greek problem”.

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Grigoris Nikolopoulos

Euro Or Large Public Sector?

Euro Or Large Public Sector?

In the May 6 election, Greek voters overwhelmingly reaffirmed their desire for the country to stay in the euro. But they also shifted their favor to parties that want to...

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Grigoris Nikolopoulos

Politicians Have Failed Dismally

Politicians Have Failed Dismally

Greece will have a caretaker government next week, following the failure of political leaders to agree on a coalition, despite the critical circumstances.

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Takis Lainas

A Discreet Message from Europe

A Discreet Message from Europe

Other European countries may be concerned at what will happen in Greece but not to the extent that we would like to believe. They have their own serious problems to...

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Nikos Chrysoloras

You Can't Have Your Euro And Leave It, Too

You Can't Have Your Euro And Leave It, Too

Among the dozens of things which Greek leftists seem incapable of grasping is that the country cannot abrogate its commitments with its partners for reducing its deficit and putting specific...

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Grigoris Nikolopoulos

Renegotiate the Bailout

Renegotiate the Bailout

Irrespective of whom the next Greek government will comprise and when it will be formed, its first and foremost task will be to renegotiate the country’s bailout package with international...

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Grigoris Nikolopoulos

Patience With Greece Is To Everyone's Benefit

Patience With Greece Is To Everyone's Benefit

I do not know what concrete stand Europe will ultimately adopt towards Sunday’s Greek election and a possible fresh poll soon, but I know that the turning off of the...

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Grigoris Nikolopoulos

An Accident Waiting To Happen

An Accident Waiting To Happen

The big issue now facing the country is how the balance of political forces resulting from yesterday’s election will enable them to govern. However, there is one thing that will...

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Grigoris Nikolopoulos

Force Politicians To Cooperate

Force Politicians To Cooperate

Our vote this Sunday must aim to force politicians cooperate to the country’s and our benefit. Without the collaboration of at least the two major parties, conservative New Democracy (ND)...

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Nikos Chrysoloras

Thanks to Greece, Europe...

Thanks to Greece, Europe...

Greece’s contribution to European integration in the last two years has not been adequately appreciated. Our country has essentially functioned as a catalyst for leaps towards the federalization of Europe...

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Dinos Koutsolioutsos

Let Us Dare to Dream

For Greece, the main benefit of being in the eurozone was and remains geopolitical security. We entered the common currency with many other deceptive visions, such as modernization, but our...

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Grigoris Nikolopoulos

Can We Hold Out?

Can We Hold Out?

The news is quite good but there is also a very worrying development. The good news is that Europe now realizes daily that the austerity model is unfruitful.

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Aggelos Stagos

No Heartening News Ahead of the Elections

No Heartening News Ahead of the Elections

Seen in isolation, yesterday’s forecasts by the Bank of Greece of a 5% recession and 19% unemployment in 2012 do not offer particular relief.

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Grigoris Nikolopoulos

The Positive Protest Vote

The Positive Protest Vote

Neither indignation nor despair provide a basis for good judgement and voters that will be swayed by them in the May 6 elections are likely to do harm to the...

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Aggelos Stagos

An Hollande Victory No Cause For Rejoicing

An Hollande Victory No Cause For Rejoicing

Many believe that a victory by Socialist leader Francois Hollande in the second round of the French Presidential elections will change the balance of power in the eurozone, as he...

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Nikos Chrysoloras

Greece: The Land of the Surreal

Greece: The Land of the Surreal

What we are witnessing in the pre-election campaign currently unfolding confirms that we live in the Land of Surreal.

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Dinos Koutsolioutsos

Crisis Threatens Home Ownership In Greece

Greece’s high home ownership rate appears to be threatened by the economic crisis.

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Nikos Chrysoloras

The End Of The Two-Party System

The End Of The Two-Party System

It would be a mistake to try to identify a single determining factor to interpret the results of the latest opinion polls according to which the traditionally two largest parties,...

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Aggelos Stagos

Some Key Questions for the "Indignados"

Some Key Questions for the

 Anyone following the opinion polls, the media, the blogspots, the moves and statements of politicians and labor activists must really be scared nowadays.

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Aggelos Stagos

Watch Out Against Pre-Election Violence

Watch Out Against Pre-Election Violence

As we head to a fresh poll, the partial meltdown of an incompetent State machinery, citizens’ heightened anger and the widespread populism which acquires fascist hues are the seeds that...

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Dimitris Mardas

The Early Election is a Pointless Political Experiment

Coca-Cola has gone, Credit Agricole is getting ready to leave and the de-industrialization of the country is accelerating at a pace unique in Europe. The economy is faltering and some...

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Grigoris Nikolopoulos

A Pointless Seamen's Strike

A Pointless Seamen's Strike

The planned seamen’s and intercity bus drivers’ strikes on Tuesday and Wednesday this Easter week  will have no winners, only losers. They are pointless and harmful to society as a...

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Grigoris Nikolopoulos

Politicians, Take Stock Before It Is Too Late!

Politicians, Take Stock Before It Is Too Late!

The suicide of a pensioner protesting the austerity measures in Syntagma Square has to cause something more than sadness and fear to the political system. Politicians must seriously take stock...

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Aggelos Stagos

Why The Austerity Debate Is Largely Irrelevant To Greece

Why The Austerity Debate Is Largely Irrelevant To Greece

The austerity recipe adopted and imposed throughout the eurozone by the German government is now coming under wide criticism. Popular discontent, particularly in the countries of the European South, is...

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Dimitris Kastriotis

No Turning A Blind Eye To Illegal Immigration

No Turning A Blind Eye To Illegal Immigration

In a press release last December (21/12/2011), the Court of Justice of the European noted that “in 2010, Greece was the gateway for entry into the ’s territory for...

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Grigoris Nikolopoulos

Voters Feel They Are Being Duped Again

Voters Feel They Are Being Duped Again

The two major parties are trying to rally their traditional supporters in order to achieve a respectable showing in the coming elections and then govern together.

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Nikos Chrysoloras

The Anomaly of the Greek Black Hole

The Anomaly of the Greek Black Hole

Greek GDP has fallen from €237 billion before the crisis to €206 billion today and the pessimists see it falling as low as €180 billion before it starts recovering. So,...

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Nikos Chrysoloras

Financial regulation: Trapped in the no-man’s land of paradoxes

Financial regulation: Trapped in the no-man’s land of paradoxes

The ongoing debate regarding financial regulation in Europe has exposed a series of paradoxes in the structure of our economic system, which partly explain why our responses to the crisis...

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Grigoris Nikolopoulos

Greece Must Change Attitude Towards Europe

Greece Must Change Attitude Towards Europe

According to Jorg Asmussen, member of the Executive Board of the European Central Bank, “a further internal devaluation will ensure Greece remains in the euro”.

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Nikos Chrysoloras

The Price of Imbecility

The Price of Imbecility

America is the biggest market for German cars. Just imagine, then, what the impact would be on the German economy if some wise guys in Baden-Wurttemberg burned American flags and named...

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