International Monetary Fund

Greece gets nine non-binding bids for stake in gas supplier DEPA Commercial

Greece has received nine non-binding bids for the sale of a 65 percent stake in its dominant gas supplier DEPA Commercial, its privatisation agency said on Monday.

Investors who have expressed an interest in the stake include Shell Gas, Vitol Holding, Power Globe, MET Holding and C.G. Gas Limited of Greece's Copelouzos group, the agency said in a statement.

Former Erdogan Ally Babacan Unveils ‘Cure’ for Turkey’s Ills

But he resigned from the ruling party in 2019, citing "deep differences" with it over the state of democracy, rule of law and foreign policy.

"Our democracy is weak, our society cannot breathe. Our economy, education and health systems are alarming," Babacan said on Wednesday in Ankara at the official launch of the DEVA party.

LSE director: Don’t write globalization off just yet

Dame Minouche Shafik is one of the world's most distinguished academics. Born in Alexandria, Egypt, in 1962, Shafik went on to study at Amherst College, Massachusetts, the London School of Economics and St Antony's College, Oxford, and has since worked for some of the most prestigious global institutions.

Bulgaria Join in the IMF's Somalia Debt Fundraising Initiative

The Council of Ministers approved the participation of the Republic of Bulgaria in the International Monetary Fund (IMF) initiative to raise funds to settle Somalia's debt to the IMF, amounting to EUR 242 million.

The amount with which Bulgaria will join is amounting to 1.48 million SDR (special drawing rights)

A symbolic farewell to the IMF

The announcement by Prime Minister Kyriakos Mitsotakis on the closure of the International Monetary Fund office in Athens following his recent meeting with the IMF's new managing director, Kristalina Georgieva, had an obvious symbolic character: to mark the end of an era. The office opened in 2010, and in the popular mind it is identified with Greece during the period of the memorandums.

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