Greece plans to issue a seven-year bond in the coming hours to help boost state coffers and shield its economy from a protracted impact of the coronavirus pandemic, Finance Minister Christos Staikouras announced.
Thrice bailed-out Greece is willing to spend 3.5% of its gross domestic product to support companies and workers battered by a lockdown it imposed last month to fight the spread of the COVID-19 disease.
Asked if Greece had enough money to finance those measures, Staikouras told a Greek television station that Athens would be able to repeat that in May “without tapping cash reserves of 15.7 billion euros and without taking into account any exits to the markets like the one we are planning in the next coming hours with a 7-year bond.
Athens has mandated Citi, Commerzbank, Credit Suisse, Morgan Stanley, Nomura and Societe Generale for the issue, which is due to mature in April 2027, it said in a bourse filing.
Read more via Reuters
The Malta Employers’ Association today launched its Memorandum to Political Parties ahead of the general election, presenting a clear, values-driven framework for Malta’s future. The doc...
Chevron will begin exploring for oil and gas in waters south of Malta, marking a significant step for the Mediterranean island nation, which has no active hydrocarbon production and has ...
Updated 1040
Morning Briefing
White Rocks Regeneration to Create Major Public Green Space After Waste Clearance: Environment Minister Miriam Dalli said the regeneration of White Ro...
Morning Briefing
Tax Case Against Christian Borg Dropped Following SettlementCriminal proceedings against car dealer Christian Borg have been halted after a settlement with the tax a...
The European Parliament has thrown its weight behind demands for a bigger long-term EU budget, approving its position for negotiations on the bloc’s next seven-year financial framework f...
Disinformation is no longer spreading only through fringe actors or political agitators, but through a digital system that rewards outrage, sensationalism and engagement above accuracy, ...
Chevron will begin exploring for oil and gas in waters south of Malta, marking a significant step for the Mediterranean island nation, which has no active hydrocarbon production and has ...
Airbnb and Expedia joined a growing list of travel companies warning that the Middle East conflict is weighing on demand, as hostilities in the region enter their third month.
Both c...
“A company’s workplace culture praised by management, needs to be taken with caution. But when the recognition comes directly from employees, that carries greater weight,” says JONATHAN ...
EU lawmakers have approved new rules aimed at strengthening how failing banks are managed, extending protections to a wider range of institutions and depositors across the bloc.
The p...
The regeneration project of Birgu’s main square by Studjurban completed last year, gained further international attention with a Special Mention award at the internationally recognised A...
Malta Public Transport has launched a new digital signage system across key transport hubs in Malta and Gozo, providing passengers with real-time travel information. The system has been ...
The United States launched what it described as “self-defense” strikes against Iranian military targets after three US Navy destroyers came under attack in the Strait of Hormuz, sharply ...
French shipping giant CMA CGM reported that its vessel San Antonio was attacked while passing through the Strait of Hormuz, leaving several crew members injured and the ship damaged. The...
Thousands of Cuban security personnel have begun leaving Caracas after nearly two decades in Venezuela, as Washington ramps up efforts to dismantle the long standing alliance between the...
María Corina Machado is a prominent figure in Venezuela’s opposition. She has reported that one of her closest associates, Juan Pablo Guanipa, was abducted. This occurred mere hours afte...
Ukraine struck Russia’s oil infrastructure in the Black Sea port city of Tuapse for the third time in a month, local authorities said Tuesday.
The city, which declared an environmenta...
Russian forces have taken 1,700 square km (656 square miles) of territory in Ukraine this year and are advancing on its so-called fortress belt in Donbas, Moscow's top general said whil...
