Displaying items by tag: larco

Two of LARCO's biggest investment barriers remain unresolved just 24 hours before the closing date for the submission of binding bids.

The Greek government on Monday presented a plan for the restructuring of LARCO GMMSA by placing the mineral and metallurgical industry into a clearance management status which envisages cost and wage reductions, and an immediate launch of a tender for the selling of the factory and mines within 12 months. 

The European Commission is taking Greece to the Court of Justice of the European Union for failing to comply with a 2017 ruling that called on the government to recover 135.8 million euros in illegally granted aid to the Larco mining company, it announced on Wednesday.