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Athens Macedonian News Agency: News in English, 16-10-19

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] PM Tsipras chairs government meeting on debt
  • [02] We must avoid a fourth memorandum, says Energy Minister Skourletis
  • [03] Greece is fourth largest foreign investor in Bulgaria

  • [01] PM Tsipras chairs government meeting on debt

    A government meeting on the issue of debt, chaired by Prime Minister Alexis Tsipras, is underway at the Maximos Mansion.

    Government Vice President Yiannis Dragasakis, Finance Minister Euclid Tsakalotos, Economy Minister George Stathakis, Alternate Finance Minister George Chouliarakis and government spokeswoman Olga Gerovassili participate in the meeting.

    [02] We must avoid a fourth memorandum, says Energy Minister Skourletis

    "We must not get to the point to sign a fourth memorandum," Energy Minister Panos Skourletis on Wednesday said speaking to ANT1 TV.

    "If we have additional measures and a new memorandum, then this programme will fail," Skourletis said.

    According to Skourletis, if Greece's lenders are positive to a quantitative easing, the primary surpluses and the debt then the economy will skyrocket and noted that there are no margins for more measures.

    Asked if he would resign in case the developments are not positive, he replied that "the last that interests the citizens is what Skourletis will do" adding that "the most important is the decisions that will be taken."

    [03] Greece is fourth largest foreign investor in Bulgaria

    Greece ranked fourth in the list of foreign investors in Bulgaria at the end of 2015, after Holland, Austria and Germany with total investments of 2.39 billion euros, falling one place from 2014 (third), the Greek embassy's economic and trade affairs bureau said in a report.

    Greek investments totaled 2.49 billion euros in 2014, 2.58 billion in 2013 and 2.75 billion in 2012. Greek investments show a wide sectoral and geographical distribution led by the financial sector (three banks), while large investments have been made in manufacturing, energy, constructions, food and services. In the 2014-2015 period, Greece was the second most popular travel destination for Bulgarian travelers after Turkey.

    Bulgaria is an attractive investment destination for Greeks because of its geographical position, low taxation, cheaper -in some cases- labor cost and lower operating costs. According to official Bulgarian data, registered companies with a Greek participation totaled around 15,000 in the first four months of 2016, up from 13,500 at the end of 2015 and around 9,000 in 2013, employing 53,000 workers. Based on the nationality of participants, companies with a Greek participation ranked second in Bulgaria, after UK (around 15,500) and ahead of Russian (11,900).


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