English Edition

Public Debt Figure Overruns Target

Παρ, 22 Αυγούστου 2008 - 16:41

Greece’s public debt in the first half of the year reached 252 billion euros, exceeding the government’s annual target, as data released yesterday showed a large portion of the debt burden will be further pushed onto future generations.

Positive response to price restraint

Παρ, 22 Αυγούστου 2008 - 16:39

Falling international oil prices are paving the way for businesses to show price restraint in the autumn in a move expected to help rein in Greece’s inflation, the president of the country’s chambers of commerce said yesterday. In response to rising international oil prices pushing up inflation to 10-year highs over the last few months, the Development Ministry has been calling on businesses to implement price freezes in order to show “sensitivity to the community.”

Dollar Not Geopolitics Steers Oil - Petromatrix

Παρ, 22 Αυγούστου 2008 - 13:55

US dollar not geopolitics steering are oil prices says Olivier Jakob of Petromtraix. "Ten days ago, the BTC pipeline was on fire, bombs were falling on Georgia, the US stocks were reported lower than expected but the price of oil was moving down," he says

Russian Troops Begin Withdrawing From Gori - Tbilisi

Παρ, 22 Αυγούστου 2008 - 13:46

TBILISI, Georgia (AFP)--Russian forces have begun withdrawing from the flashpoint Georgian city of Gori and have promised to leave there by 1700 (1300 GMT), a senior Georgian official told AFP Friday.

Tight Europe Supply May Curb Fuel Oil Flow To East

Παρ, 22 Αυγούστου 2008 - 13:43

SINGAPORE (Dow Jones)--Falling freight rates have re-opened the West-to-East fuel oil arbitrage window after a hiatus in the early third quarter, but tight oil supply and strong bunker fuel demand could restrict the flow from Europe to Singapore.

Russia Tells NATO It Is Halting Military Cooperation

Παρ, 22 Αυγούστου 2008 - 13:40

BRUSSELS (AFP)--Russia informed the North Atlantic Treaty Organization Thursday that it is halting military cooperation, an Alliance spokeswoman said.

Russian Co Seen Likely To Gain From Any Imperial Bid

Πεμ, 21 Αυγούστου 2008 - 13:24

LONDON (Dow Jones)--London-listed Imperial Energy Corp. PLC (IEC.LN) is expected to receive a formal bid for its shares within days, which, in turn, may open Imperial's assets for a Russian state-controlled company.

PPC Looks to Peer in Cyprus

Πεμ, 21 Αυγούστου 2008 - 13:17

Power utility Public Power Corporation (PPC) is examining ways to develop ties with its Cypriot peer, the Electricity Authority of Cyprus, in different fields including research and environmental issues. According to sources, executives from the two companies recently met at PPC’s offices in Athens where they agreed to look into jointly supplying Cyprus and Crete with natural gas.

China Has Imported 10M Tons Oil Through Kazakh Pipeline-Xinhua

Πεμ, 21 Αυγούστου 2008 - 13:17

BEIJING (Dow Jones)--China has imported 10 million metric tons of crude oil, or 73 million barrels, from Kazakhstan through a cross-border pipeline since it was commissioned in 2006, the Xinhua News Agency reported.

Inflation Easing on Lower Fuel Prices

Πεμ, 21 Αυγούστου 2008 - 13:12

Greece’s headline consumer inflation rate is seen decelerating to an annual pace of 4.7 percent in August from 4.9 percent in July, due to falling gasoline prices, according to a source at the National Statistics Service (NSS), the government’s statistics office.

Explosion In Western Turkey; 11 Injured - Report

Πεμ, 21 Αυγούστου 2008 - 13:11

ANKARA (AFP)--Eleven policemen and soldiers were injured in a powerful car bomb blast Thursday in the western Turkish city of Izmir, officials and media reports said.

Turkey's Dogan, Anadolu To Bid For Nuclear Pwr Tender - IHA

Πεμ, 21 Αυγούστου 2008 - 13:08

ISTANBUL (IHA)--Turkish media-to-energy conglomerate Dogan Sirketler Grubu Holding AS (DOHOL2.IS) said Wednesday that together with Anadolu Endustri Holding it has agreed to work with Unit Investment N.V. and Canadian nuclear power firm Bruce Power Inc. to submit a bid in a tender to build and operate Turkey's first nuclear power station.

Georgian Separatists Line Up For Russian Recognition

Πεμ, 21 Αυγούστου 2008 - 13:02

TSKHINVALI, Georgia (AFP)--Georgia's South Ossetia and Abkhazia regions planned rallies Thursday to ask Russia for recognition as independent states, two weeks after Russian troops occupied both provinces.

Gasoline Pumps Lock Up on Crete

Πεμ, 21 Αυγούστου 2008 - 12:59

Development Minister Christos Folias determined to press ahead with price ceiling as strike action spreads As gasoline station owners on the island of Crete switch off pumps in protest against the government’s recently introduced price ceiling, the Development Ministry said yesterday it is determined to press ahead with measures aimed at protecting consumers.

Turkey Signs Deal for its First Nuclear Plant

Πεμ, 21 Αυγούστου 2008 - 12:56

Turkey’s Dogan Enerji signed an accord with Turkish, Belgian and Canadian companies yesterday to take part in a tender to build and operate Turkey’s first nuclear power plant, parent company Dogan Holding said. Its partners in the deal are Turkish conglomerate Anadolu Endustri Holding, Brussels-based energy company Unit Investment NV and Canada’s Bruce Power, Dogan said in a statement to the Istanbul Stock Exchange.

Turkish PM Off To Azerbaijan For Talks On Georgia Conflict

Πεμ, 21 Αυγούστου 2008 - 12:54

ISTANBUL (AFP)--Turkish Prime Minister Recep Tayyip Erdogan flew to Azerbaijan Wednesday for talks on the conflict between Georgia and Russia that has sparked fears of regional instability.