Economy of Europe

The Turkish Lira weakened to a new record low, extending this year's losses to 12 percent, underperforming most of its emerging market rivals against a surging U.S. currency.

The Easter miracle of “Resurrection” is still a ways away for the radical leftist Greek government, as it turns its focus towards the April 24 Eurogroup meeting after Greek PM Alexis Tsipras talks and photo-ops in Moscow.

The Greek government apparently knows full well that time is running out in order to find a solution — i.e. cash –  in the Eurogroup.

The Greek bourse began the four-day recess having secured daily gains of 1.06 percent and a weekly rise of 0.61 percent, as the government asked its eurozone peers for cash while making it clear that Russia is not a solution to Greece?s financial problems. Thursday?s trading volume was the second lowest of the year.

By Ewa Krukowska & Paul Tugwell

Russian President Vladimir Putin endorsed plans by Greece to enhance its role as an energy hub for Europe as the region seeks new sources of natural gas.

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The future of the Turkish Stream, a gas pipeline project to carry Russian gas, depends on interest shown by the European Union, according to EU Minister Volkan Bozk?r.

Novinite has interviewed Gilles Clavie, President and Chief Executive Officer at Orbis Hotel Group, a leader on Poland's hospitality market.

Regional countries want to build Turkish Stream

BUDAPEST -- Foreign ministers of five regional countries on Tuesday in Budapest, Hungary, signed a joint declaration on strengthening energy cooperation.

The foreign ministers of Hungary, Greece, Macedonia, Serbia and Turkey signed on Tuesday a joint declaration on strengthening energy cooperation in Central and Southeastern Europe.

The meeting, which had been initiated by the Hungarian foreign ministry, was held in Budapest and focused on the future energy supply in the region, Hungary Daily reports.