// IP Marketing video - START// IP Marketing video - END

Greece agrees to launch debt swap for private creditors March 8

PanARMENIAN.Net - Greece's cabinet agreed on Saturday, Feb 18, to launch a debt swap for private creditors on March 8 with the aim of completing it by March 11, Reuters quoted a government official as saying.

The swap is to accompany a $130 billion rescue package that Athens hopes to agree with its euro zone partners on Monday and will mean that creditors take a 70 percent cut in the real value of their holdings.

 Top stories
“The two sides are currently preparing the required infrastructure for boosting natural gas exchange,” NIGEC chief Alireza Kameli said.
Sargsyan said fingerprints of some 1.5 million potential voters will have to be collected which requires a lot of work.
The country’s foreign trade turnover increased by 6.8% in January – May, compared with figures registered in the same period in 2015.
Foreign trade turnover amounted to $1.46 billion in the first four months of 2016, growing by 4,2% against the same period in 2016.
Partner news