Economy of Europe

OTE taps markets securing record low interest rate

OTE telecom announced on Wednesday the conclusion on Tuesday of the bookbuilding process for the issuance of a 500 million-euro seven-year bond in international debt capital markets.
The issuance was strongly oversubscribed allowing tight pricing. The coupon was set at 0.875 percent, the lowest ever achieved, OTE stated.

FinMin Teodorovici: New Commission must consider all member states' interests in taking major initiatives

The Minister of Public Finance, Eugen Teodorovici, said it is absolutely necessary the new European Commission to take into account the interests of all member states, and not only of some of them that are believed to be stronger and more influent. "I hope that the new team of the European Commission will truly approach every matter in the spirit of cohesion.

FPPG: Romania is the largest natural gas producer in Eastern Europe

Romania is the largest natural gas producer in Easter Europe, with an average natural gas production in recent years of about 11 billion cubic meters, the Oil and Gas Employers' Federation (FPPG) stated. "Today, 13 September, we are celebrating the Day of the Romanian Gas Worker.

Emergency Landing of a Finnair Plane Due to the Death of a Passenger on Board

A Finnair Airlines plane flying from Helsinki to Paris landed an emergency in the Finnish city of Turku due to the death of a passenger on board, RIA Novosti reports.

The airline's press service says the plane made an unplanned landing in Turku because of a sick passenger.

PM: Greece to submit request on early IMF loan repayment this week

Greece's finance minister will submit an official request to his eurozone peers this week to repay a loan to the International Monetary Fund, Prime Minister Kyriakos Mitsotakis told reporters on Sunday.

"The relevant request will be submitted by the finance minister to the Eurogroup on Friday," Mitsotakis said.

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