Search Results for: Turkey
PayPal to shut down Turkish ops after failed licence applications
June 1st, 2016
PayPal has announced that it will be shutting down its Turkish operations after failing to gain a new licence in the country. Effective 6 June it will be closing its doors in Turkey, and its customers and clients will no ...
Cyprus will develop offshore gas irrespective of reunification
May 26th, 2016
Cyprus will continue its project of developing offshore gas, keeping this dossier “completely separate” from the negotiations for the reunification of the island, the Cypriot Minister of Energy, Yorgos Lakkotrypis, said today (26 May). Speaking to a small group ...
Europe to follow Asia’s lead with mixed open; Bayer puts in $62 billion Monsanto bid
May 23rd, 2016
European stocks are expected to open mixed on Monday following a mixed start to the week in Asia after weak Japanese export data and a dip in oil prices. The London FTSE index is called to open 1 point higher ...
Greek Pipeline Breakthrough To Challenge Russian Gas Dominance
May 19th, 2016
After years of debate, political jockeying and acrimony, a major pipeline project to bring natural gas to Southern Europe has broken ground. The Trans-Adriatic Pipeline (TAP) will connect the Caspian Sea to European markets, providing Europe with another large ...
Brexit will have ‘short-term’ impact on travel industry: Amadeus CFO
May 18th, 2016
In spite of the warnings of dire economic consequences if the U.K. opted to leave the European Union, one industrial sector is expected to emerge relatively unscathed: the travel industry. The chief financial officer of travel technology website Amadeus ...
Central European economies not performing up to potential, IMF warns
May 6th, 2016
Falling productivity, low investment, and high migration are withholding central, eastern and southern European economies from returning to their pre-crisis potential, the International Monetary Fund has warned. In its economic outlook for the region, the fund said that the ...
Greek – Italian joint venture wins construction contract for TAP gas pipeline
May 5th, 2016
A joint venture between Italy’s Renco and Greece’s Terna has won the engineering, procurement and construction (EPC) contract for two compressor stations and a metering station for the Trans Adriatic gas pipeline, the operator TAP said. The line will ...
New rules from the EU Commission would require nations to pay €250,000 for each asylum seeker they refuse
May 5th, 2016
EU Proposes Fines for Member Countries That Refuse to Take in Migrants New proposed asylum rules aim to ease burden of countries on front line of Europe’s migrant crisis The European Union’s executive body on Wednesday proposed controversial new ...
Cyprus gas discovery a key factor in EU energy objectives, says European Commission
April 28th, 2016
The European Commission is examining the impact of possible Cypriot gas reserves in the offshore area between Cyprus and Israel, in order to diversify the energy mix used by the EU, and break off the island`s energy isolation, Commission ...
Asian Stock Rally Sputters as Crude Retreats; China Shares Slump
April 20th, 2016
Aussie, Kiwi fall from the strongest levels since June Oil slips to about $40 as Kuwait strike ends; silver gains A rally in Asian stocks stumbled as oil fell back to around $40 a barrel and Chinese equities slumped ...
