Eurogroup
Eurogroup is seen nodding for tranche
The latest enhanced surveillance report of the European Commission on Greece is "very positive," according to a senior official at the European Union's executive arm, and "should constitute the basis for the approval of the fourth tranche for the easing of Greece's debt."
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Merger incentives for SMEs
The government is considering using some of the resources from the Next Generation EU fund as tax and financing incentives for small and medium-sized enterprises, according to sources.
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Council of Ministers Approves Bulgarian Development Bank to Acquire Shares of Fibank
At a meeting in the Council of Ministers on June 12, the Government discussed a Draft Protocol Decision on actions taken by Bulgarian Development Bank AD (BDB) to acquire shares from the capital increase of First Investment Bank (FiBank).
Staikouras says Eurogroup praised Greek moves
The Eurogroup acknowledged on Thursday the positive course of the Greek economy before the pandemic and the government's rapid reaction to the spread of the coronavirus, and gave the nod for measures benefiting Athens to the tune of 748 million euros.
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Eurogroup green-lights disbursement of 748 million euros
Eurozone finance ministers on Thursday approved the disbursement of 748 million euros to Greece from profits made by European central banks that purchased Greek sovereign bonds.
Eurozone ministers to choose next chair; Spain, Luxembourg, Ireland mentioned
Eurozone finance ministers will start on Thursday a month-long process of choosing their next chairman to replace Portugal's Mario Centeno who will step down in July, with ministers from Spain, Luxembourg and Ireland among possible candidates.
Greece's fiscal targets may be set to ease
The Eurogroup council of eurozone finance ministers will on Thursday consider suspending Greece's obligation to achieve a primary budget surplus of 3.5% of gross domestic product.
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Eurogroup chief: No troika for EU resources
European officials praised on Friday Greece's response to the health crisis and stressed that the country will be in the same position as its eurozone peers in the terms of the support it receives from the European Union.
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Fresh data to determine SMPs, ANFAs
The creditors' decision for the change in the use of proceeds from Greek bond holdings (SMPs and ANFAs), switching from servicing the debt to investments, as the government has requested, will be made later in the year.
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Greece to seek amended fiscal targets after 2020
The government is seeking to ride the new momentum created by the health crisis in Europe, at the expense of the once unique recipe of austerity, while the first-quarter fiscal data compiled by the Parliamentary Budget Office (PBO) indicated an annual deterioration of 1.3 billion euros.
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