Latest News from Greece
French company Lazard will be the new consultant of the Public Debt Management Agency (PDMA), replacing Rothschild, with the aim of bringing Greek bonds back to investment grade within the next couple of years.
This decision was reached on Wednesday by the government's Economic Policy Council on the recommendation of the PDMA and an opinion by the State Legal Council.
Finance Minister Christos Staikouras will present the priorities of the new Greek government at Friday's Eurogroup meeting before sending a letter to the European Stability Mechanism informing Greece's main creditor of Athens' intention to repay some of the loans from the International Monetary Fund ahead of schedule.
The Ministry of Interior reports an increase in attempts of migrants to enter Bulgaria from Greece. Interior Minister Mladen Marinov explained that additional police and gendarmerie teams had been sent along the border with Bulgaria's neighbour. According to him, there is no need for the country to use army units for security, BNR reported.
Greece's Finance Minister Christos Staikouras will discuss a request for an early repayment of part of the country's outstanding loans to the International Monetary Fund (IMF) during Friday's Eurogroup meeting in Helsinki.
Athens is keen to repay the IMF loan which is more expensive than the yields Greece currently pays in the markets on its bonds.
Labor Minister Yiannis Vroutsis is expected to invite social partners and entities for a dialogue on a new measure concerning the introduction of an electronic card for workers in the next few days.
According to plans, the measure will be implemented after at least two months, at first by major enterprises and then by all corporations in Greece.
Cyprus' defense minister says the east Mediterranean island nation and neighbor Egypt are exchanging information to bolster security around an offshore search for natural gas as part of enhanced defense ties.
Savvas Angelides says the two neighbors' information-sharing extends to countering any extremist threats.
Czech President Milos Zeman delighted his Serbian hosts at a joint press conference on Wednesday with his Serbian counterpart, Aleksandar Vucic, when he promised to push for the Czech Republic to withdraw its 2008 recognition of Kosovo at a counseling on the constitution expected to happen in one month.
Greece has launched an investigation after an inspection revealed that weapons were missing from a navy facility on the Aegean island of Leros, its government spokesman said on Wednesday.
Authorities found anti-tank weapons, ammunition and hand grenades missing from a warehouse on the base this week, according to officials.