Economy of Europe

The US State Department expressed its strong opposition to the Turkish-Russian TurkStream gas pipeline saying that together with the Nord Stream 2 they undermine the European energy security and serve only the Russian interests.

The bourse year ended on Thursday with a short and quiet session that saw most stocks post some gains and the benchmark closing virtually unchanged, while turnover was the lowest of the last 37 sessions.

Liquidity, measured in terms of the average daily trading value, increased by over 42% at the cumulative level of all types of financial instruments and exceeded RON 62 million (EUR 12.86 million) for the first 11 months of the year, according to a report of the Bucharest Stock Exchange (BVB) released on Wednesday.

Ljubljana – The Education Ministry is holding a two-day online conference to mark the start of the EU’s emerging research and innovation programme Horizon Europe. The European Commission representatives and other foreign speakers will present the three pillars of the framework.

Finance Minister Christos Staikouras on Monday welcomed a decision by a Eurogroup meeting to ease the Greek debt to the tune of 767 million euros.

As expected, Monday's Eurogroup teleconference approved the new measures to ease the Greek debt to the tune of 767 million euros on the basis of the eighth enhanced surveillance report on Greece after its bailout.

The next five years could prove pivotal for the Greek economy as the government seeks via its National Recovery and Sustainability Plan to utilize resources from the European Union's Recovery Fund amounting to 32 billion euros - which could reach €45 billion together with private funds - and power the country's GDP to a new level.

he Athens Stock Exchange finally aligned itself with the positive turn on the European markets Tuesday, as it rebounded from Monday's significant losses to close 1.47% higher.

This rebound was achieved on very low turnover, which dropped below €30 million, a clear indication of investors' reluctance to see an upside.

Indebted eurozone countries such as Greece or Italy need European Union grants rather than loans to deal with the impact of the coronavirus crisis, European Central Bank Vice-President Luis de Guindos said on Wednesday.

World markets were upbeat on Tuesday, following the announcement of bolstering measures by the central banks of the US and Japan, while expectations for an economic rebound starting in the second half of the year added to global stocks' upward swing. In Greece, Athinon Avenue enjoyed a day of significant gains that rose over the course of the day across the board.