US investigating Greek welded pipe exports
The US Department of Commerce announced on Monday the initiation of antidumping duty investigations into imports of large diameter welded pipe from Canada, China, Greece, India, South Korea and Turkey, and countervailing duty investigations into imports of large diameter welded pipe from China, India, South Korea and Turkey. According to 2016 data, imports of large diameter welded pipe from Greece amounted to $70 million. The US International Trade Commission (ITC) is scheduled to make its preliminary injury determinations on or before March 5. If the ITC determines that there is a reasonable indication that imports of large
launched an international tender to sell a 5 percent stake in its biggest telecoms operator OTE, a key term of the country’s international bailout. Greece has raised about 4.7 billion euros from privatizations since it signed its first bailout in 2010 and aims to raise another 3 billion by 2019, a year after its current rescue program expires. Privatization agency TAIPED said the tender process would be conducted in one phase and set a March 15 deadline for interested investors to submit offers for the stake, which corresponds to 24.5 million shares. OTE, the former national monopoly, is 40 percent owned and managed by Germany’s Deutsche Telekom, which has a right of first refusal to buy the shares but has not yet said if it will exercise that right. Greece holds a 10 percent stake in OTE, which has a market value of 5.7 billion euros and is Greece’s second- biggest listed company by market value after Coca-Cola HBC. The country has earmarked 250 million euros from the stake sale in this year’s budget plan. OLP earnings. Piraeus Port Authority (OLP) has announced its pretax profits doubled in 2017, which is attributed to increased revenues from the port’s commercial section. Figures show that turnover rose to 111.5 million from 103.5 million a year earlier – a 7.7 percent increase – with pretax earnings at 21.2 million euros, from 11 million in 2016. diameter welded pipe from Canada, China, Greece, India, Korea and Turkey materially injure, or threaten material injury to the domestic industry in the US, the investigations will continue, and the Department of Commerce will be scheduled to announce its preliminary CVD determinations on April 17 and its preliminary AD determinations on July 2, though these dates may be extended.
European travel group TUI said yesterday that summer trading has been very good with bookings for Greece, Turkey and Cyprus all growing strongly. should press on with economic and financial reforms to boost growth needed to create badly needed jobs and achieve income convergence with the European Union that it aspires to join. The IMF board last week signed off on a review of Bosnia’s 553-million-euro, three-year loan program and approved a disbursement of a 74.6-millioneuro loan tranche after the Balkan country met key requirements. The global lender released 79.2 million euros for ethnically divided Bosnia’s two autonomous regions in 2016, but the new injection was held up for a year due to a failure to implement agreed steps to liberalize the economy. In its report following the review, the IMF said it had supported Bosnian authorities’ request for a 12-month extension of the loan deal and rescheduling of payments. It also agreed to requested waivers on non-observance of the performance criteria, saying the deviations were temporary and small.