Economy of Germany
OTE, Greece's biggest telecoms operator, said it raised 400 million euros from a four-year bond issue.
It completed the note issue on Wednesday via a bookbuilding process and said it was oversubscribed by about five times.
The coupon was set at 2.375 percent, the lowest that OTE has achieved in the last decade, it said in a statement on Thursday.
After having seen a decreasing demand from many Western and northern European markets, Turkey is back in fashion in summer season and has become the third most popular destination after Spain and Greece, Anglo-German travel and tourism company TUI has stated.
Bozankaya, a leading public transport vehicle builder in Turkey, is set to make the country's first-ever metro car export, as part of a consortium with Siemens Mobility, the company said on June 19.
U.S. warning it may introduce tariffs on foreign auto imports hit shares in German carmakers BMW, Daimler and Volkswagen yesterday, which together have a more than 90 percent share of North America's premium car market.
German carmaker Volkswagen has said it will recall 410,000 cars from its own brand and Spanish subsidiary Seat over faulty seat belts, warning customers not to use the middle seat in the meantime.
German insurance giant Allianz said on May 4 it would stop insuring coal-fired power plants and mines extracting the fuel, adding that it aims to divest from the sector completely by 2040.
The U.S. Justice Department on May 3 disclosed the filing of criminal charges against former Volkswagen AG Chief Executive Martin Winterkorn, accusing him of conspiring to cover up the German automaker's diesel emissions cheating.
The annual Motorcycle Show organized by the Hellenic Association of Motor Vehicle Importers-Representatives is one of the country's biggest showcases of two-wheel rides produced around the world. Visitors can take bikes for test drives and get all their questions answered by the experts on hand. One of the highlights of this year's event is the BMW display of its latest models.