DFC sends Letter of Intent to IPTO for participation in Great Sea Interconnector project

Business 22 May 2024 10:50

The US International Development Finance Corporation (DFC) sent a Letter of Intent to Greece's Independent Power Transmission Operator (IPTO), expressing interest in participating in the Great Sea Interconnector project linking the electrical grids of Greece, Cyprus, and Israel, IPTO said on Tuesday, CE Report quotes Athens-Macedonian

According to IPTO, America's development finance institution took the step following an economic and technical evaluation of the project, and will participate either in the share capital or funding loan, or a combinatin of both.

Tags

Turkish Straits See Nearly 41,000 Ship Passages in H1

7 August 23:40

Nearly 41,000 vessels transited through Türkiye’s key waterways — the Istanbul and Canakkale Straits — in the first half of 2025, Transport Minister Abdulkadir Uraloglu told Anadolu.

Greek Trade Gap Widens in June

7 August 23:30

Greek exports dropped by €358.7 million or 8.3% in June 2025, reaching €3.94 billion, compared to €4.30 billion in June 2024, according to the Panhellenic Exporters Association.

Apple Adds $100B to US Manufacturing Push

7 August 15:30

Apple announced an additional $100 billion investment in US production on Wednesday, raising its total domestic investment to $600 billion over the next four years.

Bulgaria’s GDP Growth Eases to 2.9% as Exports Weaken

7 August 15:00

Bulgaria’s economy grew by 2.9% year-on-year in the first quarter of 2025, down from previous periods, according to the Bulgarian National Bank’s latest Economic Review.

Trump’s New Tariffs Hit Over 60 Nations, India Faces 50% Duty

7 August 13:00

New U.S. tariffs imposed by President Donald Trump took effect Thursday, targeting imports from over 67 countries with rates between 15% and 50%.

Trump Slaps 25% Tariff on India Over Russian Oil Imports

7 August 10:24

U.S. President Donald Trump signed an executive order Wednesday imposing an additional 25% tariff on Indian imports in response to India’s continued purchases of Russian oil.

ACCI Welcomes Anti-Bureaucracy Reforms

6 August 23:30

The president of the Athens Chamber of Commerce and Industry (ACCI), Yiannis Bratakos, hailed the government’s new measures to reduce bureaucracy as a positive and necessary step for strengthening entrepreneurship in Greece.

DFC sends Letter of Intent to IPTO for participation in Great Sea Interconnector project

Tags

Related articles

Most read

Press Releases

Features