After more than eight hours of talks in Brussels, ministers from the 19-member single currency bloc could not settle deep differences on debt relief pitting Germany, the eurozone's most powerful member, against the IMF.
The venture submitted last year the sole bid to build the new airport at Kasteli, a public-private partnership project.
Talks between Greece, the European Union and International Monetary Fund have stuttered for months due to differences over Greece's fiscal progress, labour and energy market reforms, rekindling worries of a new crisis in Europe.
Greece has agreed with its lenders on key labour reforms, spending cuts and energy issues, moving closer to clinching a deal before a meeting of euro zone finance ministers on April 7, sources close to the talks said on Wednesday.
To tap the Indian outbound travel segment, Greece is planning to position itself in the top 5 list of European destinations and promote as a holiday site that can be visited all around the year.
Greek pensioner Dimitra says she never imagined a life reduced to food handouts: some rice, two bags of pasta, a packet of chickpeas, some dates and a tin of milk for the month.
"This is inform you that the company has signed a non-binding Memorandum of Understanding (MOU) with Chipita, a Greek company for exploring certain business opportunities.
The IMF welcomed the Brussels meeting Monday where eurozone ministers said they had made some progress in the months-old dispute, with Greece agreeing to new bailout reforms.
spending cuts and reforms demanded by European creditors and the International Monetary Fund as part of its third bailout program.
Greece is embroiled in a row with its eurozone paymasters and the IMF over debt relief and budget targets that has rattled markets and revived talk of its place in the euro.
A standoff between the eurozone and the International Monetary Fund has dragged on for months, raising fears of a new debt crisis and sparking fresh talk of Greece tumbling out of the euro.
Addressing the debt burden of the beleaguered nation will require significant debt relief from European institutions, including dramatically extending the grace periods and maturities of the loans, the IMF said in its annual report on the Greek economy.
The International Monetary Fund and the 19-nation single currency area are battling over how much debt relief Greece needs, and over economic targets required of Athens that the IMF says are too stringent.
If the eurozone country sticks to its agreement with the European Union to increase its budget surplus to 3.5 percent, contrary to the IMF's recommendation, then it cannot blame the fund if it must impose more austerity to do so, the officials said in a blog post yesterday.
The regular gathering of the 19 ministers of the currency bloc will be held in the immediate aftermath of Italy's constitutional referendum, with a defeat of Italian Prime Minister Matteo Renzi potentially putting the euro under new pressure and reigniting the smouldering euro zone crisis, further complicating the Greek talks.
A senior European Union official says Greece could reach by the end of the year a key agreement to ease its bailout debt repayments.
Diversified GMR Infrastructure today said it along with Greek partner GEK Terna Group has put in a bid for developing an airport in Greece.
Seeking to improve international air connectivity for Indian carriers, the government has been entering into air services pacts with many countries besides making efforts to re-negotiate existing agreements.
It was a say once that when France catches cold Europe begins to sneeze. We heard it said not very long back that when Greece runs into debt Europe begins to sweat. We see now that when Britain leaves the European Union, the world shivers and Britain shivers in fear but also in excitement.
Greece's left-led government wants easier budget saving targets after its current multi-billion euro bailout ends in 2018, a senior official said on June 22
One listed Greek fund has frozen a 300 million euro (USD 340 million) investment plan, and another has put a share issue of at least 250 million euros under review, since the hikes were passed -- a footnote in a reform package that appeased the government's European creditors and avoided another cash crunch.
Hours after eurozone finance ministers announced that they would unlock 10.3 billion euros (USD 12 billion) in bailout cash that Greece needs for looming bond payments, the IMF said it could not add its funds to the bailout as long as its demand for a detailed debt-relief plan had not been met.
The late-night compromise spared the battered European Union the risk of another Greek crisis this year, less than 12 months after Athens was on the brink of ejection from the currency area by rejecting austerity measures and defaulting on an IMF loan.
After talks that lasted into the small hours of Wednesday, the Eurogroup ministers gave a nod to releasing 10.3 billion euros in new funds for Greece in recognition of painful fiscal reforms pushed through by Prime Minister Alexis Tsipras's leftist-led coalition, subject to some final technical tweaks.
"There is a reason to look at debt relief because the debt is very high and there will be some problems in the future, I think the debt analysis shows that," Dijsselbloem, who is also Dutch Finance Minister, added.