Economy of the European Union

40 million euros needed to restore Greek Orthodox orphanage in Istanbul: Report

Europa Nostra, the leading European heritage organization, and the European Investment Bank (EIB) Institute have said in a recently issued report that the restoration of the Prinkipo Greek Orthodox Orphanage in Istanbul would cost at least 40 million euros and would take four to fıve years to complete.

72% of the Money on the European Programs - already Negotiated

Till the beginning of June 2019, about BGN 16.7 billion, amounting  72% of the total financial framework of the programs co-financed by the European Structural and Investment Funds (ESIF) for the period 2014-2020, have been negotiated, Deputy Prime Minister Tomislav Donchev said, according to BGNES.

Fixing the banks should be a priority

Kyriakos Mitsotakis, the new conservative prime minister, took office in Greece at what is perhaps the best moment since 2004. Unlike Italy, whose politics are dominated by the controversial Matteo Salvini, other eurozone countries and the UK striving with Brexit, Greece has a stable government and political system.

European Investment Bank slaps Turkey over illegal Cyprus drilling

The European Investment Bank (EIB) will not do any new lending in Turkey linked to the government until at least the end of the year while it carries out a strategy review.The move is part of a European Union decision earlier this month to symbolically punish Turkey over what it calls "illegal" drilling for oil and gas off Cyprus in the eastern Mediterranean.

EIB to halt Turkey government-linked lending till year-end

The European Investment Bank (EIB) will not do any new lending in Turkey linked to the government until at least the end of the year while it carries out a strategy review. The move is part of a European Union decision earlier this month to symbolically punish Turkey over what it calls "illegal" drilling for oil and gas off Cyprus in the eastern Mediterranean.

Bulgaria Grants Humanitarian Aid of € 200,000 to Tackle Migration

The decision was approved by the Council of Ministers, writes NOVA TV. 

Bulgaria will provide humanitarian aid of € 200,000 to tackle migration. This will happen after an agreement is signed between the European Economic Bank and the government. The decision was approved by the Council of Ministers, the government information service said.

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