Gazprom
Economy
International Media Say Greece TAP Winner
The signing of an agreement that will bring the Trans-Adriatic Pipeline (TAP) through Greece, inked by Greek Finance Minister Yannis Stournaras and Minister of Environment, Energy and Climate Change, Makis Papageorgiou, and by TAP’s Managing Director, Kjetil Tungland, brought...
Economy
Samaras, Troika Talk Taxes, Privatization
Still reeling from a decision by Greece's high court suspending his decision to take the national broadcaster ERT off the air, Greek Prime Minister Antonis Samaras was scheduled to talk with officials from the country's international lenders late on...
Business
EU Says No Role In DEPA Bid
The European Commission didn't play a role in the process that saw Russian giant OAO Gazprom withdraw its bid for Greece's natural-gas monopoly DEPA, a European Union spokesman said on June 11, amid speculation that the United States was...
Business
No Interest, Greece Starts DEPA Bid Anew
After failing to get a single bidder for its natural gas company DEPA as part of a lagging privatization effort, Greece is going to relaunch the tender process again in hopes someone will have some interest, Deputy Energy Minister...
Economy
Russia's Sintez Not To Bid For Greece's DEPA, May Bid For DESFA
Russia's Sintez Group will not bid for Greek gas company DEPA, but may bid for its gas-network operator, DESFA, Sintez said Monday.
Sintez was one of two Russian companies, alongside state gas giant OAO Gazprom (GAZP.RS) that showed initial interest...
Business
Samaras Says Foreign Investors Saviors
Days after returning from a trip to China to woo business, Greek Prime Minister Antonis Samaras said the way out of the country's crushing economic crisis is for foreign companies to invest in the country, which means overcoming its...
Economy
Sale Of DEPA Gas Unit Postponed
With the sale of its stake in the gambling monopoly OPAP to a Greek-Czech group done, Greece is turning its attention to selling off the the Public Gas Corporation DEPA and gas network operator DESFA, but the process has...
Business
Sweet Deal For OPAP: $937.8M
Greece has sold its 33 percent stake in the gambling monopoly OPAP to a Czech-Greek consortium, Emma Delta, in a deal that will bring in 712 million euros ($937.8 million) some 30 million euros ($39.4 million) higher than...
Business
Cyprus Thriller Goes On
The European Union has given Cyprus until March 25 to raise 5.8 billion euros ($7.5 billion) to secure a bailout from international lenders or face the collapse of its banking system and economy and being pushed out of the...
Greece
What's Next for Cyprus? New Plan Explained
After Cyprus’ loud “No” to a demand from international lenders that up to 9.9 percent of bank accounts be seized to help pay for a bailout, and a “loud silence” from Germany, the Cypriot government now has to find...