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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...
Russians Say Cyprus Restructuring Offer Initiated, but Not On Table
The Russian news agency ITAR-TASS says that there is not a restructuring offer for Cyprus on the table, however an offer has been "initiated."
Russia's...
Greece Pins Hopes On Gas, Betting
With Greece's privatization plans lagging - and set back again when the head of the agency overseeing it stepped aside in a burgeoning scandal...
Russia's Sintez Bids for Greek Gas DEPA
Moving to speed the pace of privatizations as demanded by international lenders, Greece has received a high bid for its state-run gas company DEPA...
Financial Times: Russians Line Up for Greek Gas Sale
Two Russian bidders have emerged as frontrunners in a flagship sell-off expected to raise more than €1.5bn for Athens, putting the Greek government in...
Sale of Gas Firms to Fetch Around 1 bln
The privatization project concerning Greece's Public Gas Corporation (DEPA) and DESFA, the country's gas network operator, has drawn major interest and is likely to...
Greek Blackouts Risked as Power Companies’ Cash Runs Out
Greece faces the threat of rolling power blackouts as the economic crisis leaves utilities without cash to pay for natural gas imports and operate...
Greek Electric, Gas Utilities Ask Banks for a Bailout Too
ATHENS – Short on cash and unable to pay its providers, Greece’s state-owned gas provider DEPA, supplied primarily by Russia’s Gazprom, has asked domestic...
With Privatization Lagging, Greece Ready to "Burn the Furniture"
ATHENS – As Greece struggles to save its economy by cutting workers’ pay to the bone, raising taxes to the limit, slashing pensions and...
Russia Interested in Cyprus EEZ Exploration
Cyprus state television reported that the Russian energy colossus Gazprom is interested in purchasing the exploration rights for natural gas and oil in the...