Ministry of Finance

Gov’t seeks more tools for NPLs

The government is seeking out additional systemic solutions for the banks' bad-loan problem, beyond the state's Hercules plan, Finance Minister Christos Staikouras revealed to Bloomberg on Thursday. His comments came after Bank of Greece Governor Yannis Stournaras said that Hercules is a step in the right direction but is not enough.

European migration commissioner Dimitris Avramopoulos to testify over Novartis claims

European Migration Commissioner Dimitris Avramopoulos was to face a prosecutor on Monday to elaborate on his claim that a judicial probe into the alleged bribery of Greek politicians by Swiss pharmaceutical firm Novartis, which implicated him and another nine Greek politcians, had been fabricated along with the testimonies of witnesses. 

Tsakalotos accuses ND gov’t of piggybacking on SYRIZA legacy

Hours after conservative Prime Minister Kyriakos Mitsotakis announced that Greece will soon remove the last remaining capital controls imposed on bank depositors at the height of the financial crisis, former finance minister Euclid Tsakalotos accused the government of piggybacking on his administration's efforts to lift restrictions.

Minister of Finance Vladislav Goranov: Bulgaria Can Pay the F-16 Fighters Transaction at Once

Bulgaria is ready to pay the F-16 fighter transaction at once, the Minister of Finance Vladislav Goranov said in an interview for FOCUS News Agency. On Monday an extraordinary meeting of the Council of Ministers to update the budget will be held.

He emphasised that the fiscal reserve is in good enough levels and Bulgaria will be able to afford to pay the deal cumulatively.