Economy of the European Union

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.

The European Investment Bank announced on Tuesday it will work with Greece's systematic banks to provide 500 million euros' worth of loans for new business investment in the country, including dedicated financing for companies across the country that actively support youth employment and the empowerment of women in the workplace.

 2.47 million Bulgarians have loans, some have more than one, Bulgarian National Bank statistics show.

France will ask the European Commission to bring forward the payment of 1 billion euros ($1.12 billion) of subsidies to help farmers cope with a hot spell that hurt crops and pasture, with more damage feared this week, the farm minister said on July 22.

German Chancellor Angela Merkel offered Greece a glimmer of hope on Friday for a possible review of the terms agreed by Athens and its creditors on state debt, including a high primary surplus target.

It is evident from a series of public statements that the new government is viewed positively by the representatives of Greece's creditors and European partners as they expect better cooperation and more steadfast reform policies.

Nevertheless, the first positive signals do mean that creditors are prepared to change the basic targets of economic policy.

Leading real estate investment firm NBG Pangaea secured a new injection of liquidity to refinance its borrowing on more favorable terms and continue its ambitious investment program through a 300-million-euro corporate bond.

The government hailed Tuesday's seven-year bond issue as a vote of confidence in Greece's growth prospects, after the country's third market foray this year was more than five times oversubscribed and attracted significant interest from long-term investors.

Greece's new conservative government will seek to speed up economic growth and maintain healthy public finances, the country's Finance Minister Christos Staikouras told an economic conference on Tuesday.
"Our central strategic goal is the expansion of the economy at higher rates, with healthy public finances and a steady banking sector," the minister said.

[Reuters]

Authorities in Greece say the country is planning tap financial markets with the issue of a 7-year bond, the first under the new conservative government of Prime Minister Kyriakos Mistotakis.
In a notice released Monday, Greece's Public Debt Management Agency named banks in charge of managing the auction. PDMA announcements are typically made on the eve of the auction.