Finance

Italy’s Banca Carige Intervened by the ECB

In the final days of December, the European Central Bank took control of the troubled Italian bank, Banca Carige. This…

Cypriot Hotels & Tourism Boom Amid Longer Season & More Diverse Offerings

The Cypriot economy has been on an upward trajectory for the past six years, since the economic crisis in 2013.…

France Launches Tech Tax On January 1st, Urging The EU To Agree On A Common Digital Services Tax

An EU-wide tech tax is still stalled, and tired of waiting it out, France has decided to tax big tech…

Italian Financial Markets Rally in Response to a Last Minute Deal on the 2019 Budget

Just in time for the holidays and Italy’s Dec. 31st final deadline, Italy and the EU brokered a deal on…

Malta’s Economic Boom And The Resulting Influx of Foreign Workers is Creating a Housing Shortage

Malta has continued to show its economic strength, as real GDP grew by 7.5% during the third quarter of 2018,…

Spain’s 2019 budget in Doubt as Far-Right Vox Makes Gains in Regional Elections in Andalucía

On December 2, 2018, mere days before the 40th anniversary of the ratification of the Spanish constitution, Andalucía held elections…

Italy’s Budget Talks with the EU Overshadowed by the Recent Turmoil in France

The EU Commission and Italy continue to butt heads over Italy’s budget proposal, but economic uncertainty, along with recent events…

Greek Gaming Company’s Innovation Initiatives Set Foundations for Growth

In 2016 when Damian Cope joined OPAP as CEO – bringing to the table two decades of experience in various…

Portugal’s Innovation Reduces Bad Bank Loans

Portugal’s sovereign debt crisis in 2011-2014 caused a rash of bad, or non-performing loans, which are loans either in default,…

Portugal Set to Repay IMF Loans By End of Year

Seven years after requesting a joint bailout from the EU and IMF, Portugal is now poised to repay the remaining…
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