Economy

Greek Finance Minister Yanis Varoufakis said Athens needs up to six weeks to draft an economic recovery plan, as it lobbies its European allies to win backing for debt relief proposals.
      

The eurozone economy is sprouting more green shoots than anticipated just as the European Central Bank fires up a money printing program worth more than 1 trillion euros.

Turkish construction equipment company Ece Holding has partnered with Belgium-based bathroom products company Ideal Standard to found a company in Turkey.

Ece Holding and Ideal Standard have established the company under the name of Ideal Standard Yap? with equal shares, expanding the scope of their business collaboration.

Greece sold 1.138 billion euros ($1.27 billion) of six-month Treasury bills on Wednesday, covering the amount it wanted to refinance a maturing issue, in a sale that tested the country's ability to raise funds amid a cash crunch.

By Nikos Chrysoloras

Greece's anti-bailout governing coalition wants to reduce the country's debt burden. Who's on the hook if they succeed?

Greece has started negotiations with the International Monetary Fund over a plan to swap its sovereign debt for growth-linked bonds, Finance Minister Yanis Varoufakis said in an interview published on Wednesday.

Finance Minister Yanis Varoufakis has proposed that the Organization for Economic Cooperation and Development (OECD) replace the auditors representing Greece?s so-called troika of international creditors, Kathimerini understands.

The government is planning new incentives for tour operators and airlines, as part of measures to boost tourism income amid problems in neighboring countries, particularly the economic crisis in Russia and the depreciation of the ruble.

I won?t make movie or book recommendations, although the heading of the column suggests the opposite.

However, it is almost impossible not to remember the legendary words of Mario Puzo in The Godfather series when considering the conflict between several top actors in the Turkish government and the head of the Central Bank.

The Women Employment Law is on the agenda; it could pass in parliament any moment. Women in this country, you know, are regularly being encouraged to give birth. The law enables new mothers to work part-time and receive a full salary.