Tag #Debt Restructuring

Showing 1 to 12 of 27 results

kathimerini.gr
🌐 75% Global Worthiness
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Aqua Bridge to Acquire Avramar After Signing Restructuring Agreement

Aqua Bridge announced the signing of a restructuring agreement with Avramar's creditors, paving the way for the acquisition of 100% of Avramar's shares pending court approval and legal completion.

Progress

44% Bias Score

Decent Work and Economic Growth
aljazeera.com
🌐 90% Global Worthiness
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Sri Lanka's IMF Bailout: A Human Cost Analysis

Sri Lanka's 2023 IMF bailout, while stabilizing the economy, has imposed austerity measures causing widespread hardship and undermining social services, impacting 6.3 million people skipping meals and 65,600 facing severe food shortages.

Progress

48% Bias Score

No Poverty
themarker.com
🌐 85% Global Worthiness
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Isracard Approval for Tshuva Sparks Regulatory Controversy

Israel's central bank approved Isaac Tshuva's acquisition of Isracard despite his history of debt restructurings causing 1.5 billion shekel losses for the public, contradicting past practices and raising concerns about regulatory fairness.

Progress

72% Bias Score

Reduced Inequality
english.elpais.com
🌐 85% Global Worthiness
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China and Venezuela Shift Focus to Special Economic Zones Amidst Past Financial Setbacks

Venezuela and China deepen political ties with an inter-party agreement focusing on PSUV doctrinal training, shifting from previous large-scale credit lines to Special Economic Zones due to past mismanagement and economic setbacks, with limited expected investment in Venezuela's oil sector.

Progress

44% Bias Score

No Poverty
theguardian.com
🌐 85% Global Worthiness
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Thames Water Receives £5bn Bailout Amidst Regulatory Scrutiny

Facing a £20bn debt crisis, Thames Water secured a £5bn rescue package from lenders, involving debt write-offs and regulatory leniency requests that are currently under review by Ofwat.

Progress

44% Bias Score

Clean Water and Sanitation
kathimerini.gr
🌐 75% Global Worthiness
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€2 Billion in Greek Mortgages Return to Banks

Approximately €2 billion in previously sold Greek mortgage loans are returning to banks like National Bank and Eurobank after three years of consistent repayment by borrowers, facilitated by doValue, offering upfront debt reduction and new financing.

Progress

40% Bias Score

No Poverty
kathimerini.gr
🌐 75% Global Worthiness
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Avramar Greece Restructuring: Aqua Bridge to Acquire 70% Debt Reduction and €60 Million Financing

Aqua Bridge, an Arabian company, is set to acquire Avramar Greece after agreeing to a debt reduction of 70% and providing €60 million in financing; the deal, expected to be filed by October 31st, faces competition from Cooke Aquaculture's improved bid.

Progress

56% Bias Score

Decent Work and Economic Growth
lemonde.fr
🌐 85% Global Worthiness
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Altice France's Debt Restructuring Plan Approved by Court

A Paris court approved Altice France's plan to cut its €24.1 billion debt by over €8 billion, rejecting a prosecutor's request to exclude subsidiaries like SFR, despite union opposition fearing job losses and potential asset sales.

Progress

36% Bias Score

Decent Work and Economic Growth
abcnews.go.com
🌐 75% Global Worthiness
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Suriname Elects First Female President Amidst Economic Challenges and Oil Boom

Suriname's parliament elected Jennifer Geerlings-Simons as its first female president on July 16, 2024, succeeding Chandrikapersad Santokhi whose term was marked by corruption scandals and economic instability; this comes as the country prepares for significant oil revenue starting in 2028.

Progress

28% Bias Score

Gender Equality
cincodias.elpais.com
🌐 85% Global Worthiness
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Celsa Reports €281 Million Net Loss in 2024 Amidst Restructuring

In 2024, Celsa reported a €3.36 billion turnover and a €281 million net loss, despite a 1% growth in steel sales and an 8.2% EBITDA margin. The loss is attributed to financial restructuring following a change in ownership in late 2023, reducing debt by 48% to €1.896 billion, and the company is pursu...

Progress

40% Bias Score

Decent Work and Economic Growth
kathimerini.gr
🌐 65% Global Worthiness
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Greece Tightens Tax Payment Rules, Imposing Severe Penalties for Late Payments

Greece's tax authority (AADE) issued new guidelines outlining strict penalties for late tax payments under various installment plans, including surcharges up to 15% per missed payment and automatic termination for three missed payments, impacting taxpayers' financial stability.

Progress

44% Bias Score

No Poverty
forbes.com
🌐 85% Global Worthiness
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Sri Lanka's Economic Recovery After 2022 Revolution

Sri Lanka's 2022 political revolution led to the ouster of the Rajapaksa regime, but through a short-term interim government, IMF support, and debt restructuring, the country achieved 5% economic growth in 2024, recovering almost half of its output lost since 2018.

Progress

48% Bias Score

No Poverty

Showing 1 to 12 of 27 results