Irish Finance Minister Michael Noonan will chair the meeting of EU Finance Ministers (ECOFIN) in Brussels tomorrow (May 14). The agenda includes discussion on savings taxation and banking recovery and resolution. The meeting will discuss a mandate to allow the Commission to negotiate amendments to the savings taxation agreements with third countries. A recommendation will…
The Permanent Representatives Committee today approved a compromise text agreed with the European Parliament on 22 April on legislation aimed at creating a genuine internal market for mortgage credit, with a high degree of consumer protection. The presidency will confirm to the Parliament the Council’s approval of the text, enabling adoption of the legislation at…
The Prime Minister of Israel reiterated his country’s positions of principles on the Cyprus issue, while giving assurances once again that developments in the relations between Israel and Turkey will not affect negatively the relations between Cyprus and Israel, said the Cypriot President, Nicos Anastasiades, who had a meeting (05.05.2013) with the Prime Minister of…
Greek Ministry of Finance announced that general government deficit, according to cash data, stood at €982m in 3M ’13 from €4,662m in 3M ‘12, down 78.9% y-o-y, with primary surplus at €967m down 59.4% y-o-y, incorporating: · state budget (i.e. central government) deficit of €2,638m (3M ’12: €6,197m) and primary deficit of €764m (3M’12: surplus…
In an official announcement, the Asset Development Fund informed that 4 consortia expressed interest for the acquisition of a 51% stake in the Thessaloniki water utility EYATH. With regards to the process going forward, the financial and legal advisors will review the validity of the offers and will submit their proposal to the HRADF Board,…
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