Ministry of Finance
The hour of reckoning in the US, oligarchs applying pressure and making demands, the cabinet reshuffle and Schinas, the tax troubles of Kasselakis’ father with the IRS
Hello, the hour of reckoning has arrived for the new leader of the free world, and naturally, this week, something quite dramatic would need to happen to shift the spotlight from this major event that occurs once every four years and politically, geostrategically, and economically impacts the whole world.
Larco sale deal is called off
The planned sale of indebted and idle state mining firm Larco has been called off, the Ministry of Finance announced Monday.
Market analysts had long expected the move. It was made inevitable Friday, when GEK Terna and AD Holdings, the consortium chosen to buy Larco's assets and the accompanying mining rights, informed the ministries concerned of its decision to pull out of the deal.
- Read more about Larco sale deal is called off
- Log in to post comments
Cash-Strapped Montenegro Borrows Biggest Loan in Decades
PM Zdravko Krivokapic with ministers after the government session in Podgorica. Photo: Government of Montenegro
On Wednesday, the Ministry of Finance and Social Care clarified that the country took the loan from BofA Securities, Citigroup, Erste and the Société General group, adding that it will be repaid over seven years at 2.95 per cent interest.