Economy

Big week for Greece as cash runs out and election scenario looms

Greece faces another critical week with looming debt repayment obligations and the resumption of tough talks on a proposed list of reforms with the country?s international creditors amid renewed speculation about the possibility of a Greek default or an early general election.

Greece's Varoufakis to meet Lagarde ahead of IMF deadline

Greek Finance Minister Yanis Varoufakis will meet IMF chief Christine Lagarde in Washington on Sunday, ahead of the country's April 9 deadline for its next payment to the fund.

Varoufakis and Lagarde will have "an unofficial discussion on the Greek government's reform program," according to Greek Ministry of Finance statement on Saturday.

Greek FinMin and IMF Chief meet on Sunday

Greek Finance Minister Yanis Varoufakis is meeting with International Monetary Fund (IMF) Chief in Washington on Sunday.

The focus of the unofficial discussion concerns the Greek government's reform program all the way up to the first quarter of 2016.

The meeting is to take place late in the evening, however Varoufakis is leaving Athens in the morning.

Bulgaria to Tighten Control on Disability Pension Certificates

Bulgaria's Labor Minister Ivaylo Kalfin has come up with new proposals to amend the pension system, including measures to curb the unjustified allocation of disability pensions.

These include changes to the structure of the National Expert Doctors' Commission (NELK) and its local units in particular, commonly known as TELK.

Show trials are bad for the investment climate

Looking for an area to really impact the G-20? Look no further than the IMF. The Multilateral Assessment Process (MAP) framework among the G-20 countries is definitely an improvement over the old Article 4 consultation process. It allows us to follow both foreign direct investments (FDI) and outward direct investments (ODI) more easily for every country.

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