World Bulletin / News Desk
The memorandum of understanding was signed as French President Emmanuel Macron -- in Greece on an official visit -- told reporters: "We were, we are and we will be here."
The second day of Macron’s visit focused on economic issues, with more than 140 French and Greek businesses -- among them oil giant Total and construction firm Vinci -- meeting in Athens.
“Today we can say with certainty that the country is turning a page," Greek premier Alexis Tsipras said in his address at the Stavros Niarchos Foundation Cultural Centre.
Tsipras said unemployment had dropped to 22.1 percent but insisted this remained unacceptable for an EU and Eurozone member.
Greece has been financially burdened since 2010 when it signed its first economic bailout deal with international creditors.
Tsipras, having opposed the tactics of previous governments, came to power in 2015 with pledge to kick out the country’s creditors and halt all austerity measures, only for Greece to become the recipient of a third bailout deal.
The Greek leader said attracting investment was the government's main target in its efforts to lead the country out of the crisis and exit the bailout program in August 2018.
"Greece now presents a real opportunity, following such a huge reform effort," he said, noting that no other European country had carried out such extensive reforms in such a short time.
“You won’t regret it,” he told the assembled businesses.
The International Monetary Fund was going to be "attentive" to the consequences of the reform, which notably includes a sharply lower corporate tax rate, she told French radio station France Inter.
More than 9,000 new companies established in January, according to major business body
Company reaches settlement with EPA following investigation started in 2014
BIST 100 rises 0.51 percent; USD/TRY exchange rate drops to 3.7660
The European aircraft maker said in a statement that net profit nearly tripled to 2.87 billion euros ($3.6 billion) in 2017 from 995 million euros a year earlier.
BIST 100 rises 1.05 percent; USD/TRY exchange rate drops to 3.7820
Saudi Aramco's crude output in March will be 100,000 barrels per day (bpd) below its February level while exports will be kept below seven million bpd, the energy ministry said.
Turkish Central Bank says annual deficit rose to $47.1B in 2017
The figure follows up growth of 0.9 percent in the first quarter of 2017, 0.6 percent in the second, and 0.7 percent in the third -- all adjusted for price, seasonal and calendar effects.
BIST 100 rises 0.73 percent; USD/TRY exchange rate drops to 3.8040
Consumer Prices Index 12-month rate at 3 percent in January 2018, unchanged from December 2017
BIST 100 rises 0.43 percent, while USD/TRY exchange rate drops to 3.7980
Turkey has produced over 1.1 million tons red meat in 2017, TurkStat says
BIST 100 rises 0.88 pct; USD/TRY exchange rate falls to 3.80 while EUR/TRY exchange rate stays at 4.68
Olaf Scholz, of the Social Democratic Party (SDP) that this week struck a deal to reform Germany's so-called grand coalition government with Chancellor Angela Merkel, said Germany "doesn't need to dictate to other European states how they run themselves".