Turkey opposes to Greece’s unilateral activities in hydrocarbon fields south of Crete

Macro/Political:

• Turkey said on Thursday that it opposes Greece’s unilateral activities in hydrocarbon fields south of Crete with a consortium led by U.S. oil major Chevron, describing them as a violation of international law and good neighbourly relations. The Chevron-led consortium signed exclusive lease agreements on Monday to explore for natural gas off southern Greece, expanding the U.S. presence in the Eastern Mediterranean.
  Source: Kathimerini

• Prime Minister Kyriakos Mitsotakis yesterday met with Michael Kratsios, adviser to US President Donald Trump and head of the White House Office of Science and Technology Policy. During their meeting, they discussed the prospects for cooperation between the United States and Greece in the fields of technology and artificial intelligence. The regulatory framework concerning the impact of AI on society was also examined, with Mitsotakis making special reference to the protection of minors online.
  Source: Kathimerini

Markets:

• Credia Bank has called all its shareholders to an extraordinary General Meeting to be held on 16 March to approve a capital increase of up to EUR 300 mn. The capital increase aims to strengthen the bank’s strategic growth plan, supporting acquisitions, credit expansion, growth through bancassurance partnerships and asset management, as well as the bank’s ongoing full digital transformation. It will also contribute to increasing the free float of its shares.
  Source: ATHEX