Economy of the European Union

Hellenic Petroleum raises 500 mln in bond issue

The five-year bond that Hellenic Petroleum issued on Friday met with strong demand that brought its interest rate down to just 2.125 percent, against an original estimate of 2.5 percent.
Investors' bids added up to 1.5 billion euros, more than three times the issue that was aimed at raising 400 million, which led the group to draw 500 million euros instead.

Mission chiefs express reservations on 2020 budget at EWG

At Thursday's Euro Working Group the creditors' mission chiefs reported that their visit to Athens this week had taken place amid a positive climate. However, they also expressed reservations regarding the achievement of the target for a primary surplus of 3.5 percent of gross domestic product next year.

105 million euro surplus in international commerce with live animals, in first semester

Romania exported, in the first six months of 2019, live animals totaling 205.9 million euro, 10.1 pct more than in the similar period of last year, according to data centralized by the National Institute of Statistics. On the other hand, imports of live animals clocked in at 100.6 million euro (+6.8 pct), resulting in a surplus of 105.3 million euro.

Creditors’ mission chiefs arrive with a long list of prior actions

The start of the fourth post-bailout assessment of Greece by its creditors, which starts on Monday, represents a new era in relation between the two sides, as they have to construct a new framework of cooperation after the change in government, based on trust and the adoption of common targets.