coming up in 2019 italy and china agreed on a multi 1000000000 dollar deal as part of aging belt and road initiative. it's all for a new old pud rome once out. tell you why i'm 1st coldwell bought from the program for the 1st time and more than a decade greeks will go to the polls on sunday to elect a leader. no longer confined to steering the country's economy from a backseat, according to opinion polls, the primary concerns for those casting, their ballots are inflation and the economy. the ruling new democracy party left by can react christmas attack is, is making a strong bid for a 2nd term. but they can serve is promising to build on tax cuts and achieve 3 percent annual economic growth. well, so much for the problem is, as of the future agrees, this recent past has been quite dire though badly hit by the european debt prizes in 2009 greece needed more for and money to survive and return. creditors demanded

hefty public spending cuts, which left deep scars among the republic, the spending controls ended last year and ever since there appears to be some positivity as the w, as jack power co reports, the backbone of greece is economy is small businesses like this 124 k olive oil based here in the city of patrice. so this is, this is your best product coming out of here. gold crystal, so root gets us wants to expand the family business. the still see, 10 years ago was now employees, 9 people, only 15 percent of his products he sells, increase the rest of the exports to the united states, egypt, germany across the u. a protection against any potential economic worries here. boy, with land mileage, everything down there and go to the next step and big your facilities for us and

the server and exports to also some other countries. the only warning about us is the cost. how to keep it, then it goes to in lower levels. the lives use but here's the way it will come from 6 size increased. dr. don't over the region. crystals i say is in this crow makeup part of what's expected to be a bump, a u haul this for green olive oil produces this. yeah. but on level production only makes up 9 percent of greece is entire agricultural, i've put the sustain gross here. all of the countries industries need to keep expanding. the grease is national debt. in 2022 reached over a 170 percent of g d p. still the highest in your but that's a full 23.3 percent full from 2021. when it was nearly 200 percent of g d. p. none of the policies likely to succeed in the upcoming elections with introduced

policies to stop that debt reduction. according to the governor of greece in the central bank, hundreds of cakes, a greek party, because the system has led lessons hardly from from the cartridge. i think nobody would dare to buck the progress of this country has made over the the previous thing here. progress based on she would sacrifice which will be good, but i cannot make ex bus one. the bank will still need more freedom to lend to small businesses. out of almost the one medium, small businesses, only $30000.00 or so met the criteria were meeting the criteria of the of the banks or for borrowing. which means the money is very, very tight. whoever takes power off to the upcoming elections news they need to continue to tap into the power of growing businesses like the 24 k olive oil company. and now to some of the other global business stories making news. germany

is dax index on blue chip stocks at a new record high on friday, reaching 16294 points. shares were listed by growing optimism that you as lawmakers will hammer out a deal to lift the debt ceiling and over a confidence, chattering the faults of the european stock market were also points. german car maker folks buying and says it has sold as russian assets to the local dealership, crude, avalon, this comes as part of europe biggest car because exit from rational following. the problem is invasion of ukraine. the sale includes the flagship colo got factory which employs $4000.00 people. a. do you 7 leaders are meeting in japan currently i'm along with the russians warn you, crate on how to further respond to it. china is high on the agenda of the 7 leading industrial democracies of the world. the 7 member, italy, for example, back in 2019 struck an investment deal with beijing as part of china as mass of

belt and road initiative. $2500000000.00 are on the line, but role appears to one out it's 2019. the year the head of chinese states headed his way into the the signature as my utility, the 1st just having country to take part in china, us new so called infrastructure project officially known as the bout throughout initiative hall, the phone. now we tell you is planning to hold talks with china about a potential exit from badging flagship investment program. but jerome is trying to do that without antagonizing china and putting commercial ties and venture to make it very blunt. i think to china on the tell you, we've probably agree on the next it strategy that is not the symbol i'm that we not imply retaliation. i think that the negotiation probably is happening in these

front only between 20202022 china, invest that the run, 16000000000 euros and infrastructure projects. in addition to previous investments in the part of 3 ester and the container terminal near general, the b r. i remember on the more understanding states that it remains valid for 5 years. and is it from optically extend it for another 5 years unless terminated by either party utility has to make that decision in 2024. a number of other european countries are also part of the belt enrolled initiative, including some e u members like last 3 of which has signed a corporation to china is a lie. russia has not signed a b r i. memorandum of understanding, but it does also have a cooperation agreement so who benefits most from the b r i projects some funding in the end all roads lead to badging trade with

china and all of these companies because of the improvement in, in transport infrastructure with china is linking these countries further to tying up, but rather in the rather unbalanced weight meaning imports from china. so the trick that fits is, are growing except for countries exporting commodities because commodity prices are very high. but that's, that's so it's a very they as a metric gain for the time, the time is running out. the g 7 is taking place in 0 ashima on 19th of may. when prime minister georgie r maloney will have to reassure her rest and allies for learner. i spoke to francesca directly a belt enrolled expert at merrick's, the mercator institute for china studies. and i asked her how likely it was that china that italy can out of this deal without disturbing its traits, ties with time to. i think he said he would very much like that to happen. i don't

think there's been a chance to make that happen, including for cruising alternative agreements, not necessarily the renewal of the m o u, but there are a lot your agreements, especially economic agreements between your tea in china. my size is that there is no much have besides engaging to accept this sort of axis strategy. and therefore i will not count too much on these auction is actually because china seas, these events, you as a victory for the united states, more than 40 to itself. now if we think about this on the ation, this is still a piece of an open question. we've seen that product several countries. the last of the 16 plus one framework with china, between central and eastern european countries and china. i'm in the society being a evan necessary to receive the passions. so there's a difference between the 16 plus one framework and the bathroom recognition. the

bathroom really needs to be as much closer to teaching as a senior and is much more important for china as easily as well. is also quite an arch country was the 1st g 7 countries to joined the that the really need to see. therefore, we don't know whether in this case indeed indeed with the castles may occur. francesca get ready of the mercator institute for the china studies speaking there, and you can watch the entire interview about china's belt and road initiative. what it means to many of the countries beijing has invested in and how this massive project is being viewed within china as leadership. on our latest in our latest dw business special available on the dw use youtube channel. it is to free lock in which has launched a projects to electrify, half a 1000000 of it's took, took taxis over the next 5 years. with the help of the you and development program, the aim is to become less dependent on fossil fuel imports. something for lack of struggle for months to pay for. when the olive nations financial reserves drops to

record low. there are 1200000 took, took some sri lankan roads. the name took, took comes from the sound, their engines make as they sputter through the streets. but that sound may soon be history. representatives of the sri lankan government and the united nations have presented a petrol fuel, took, took turn. the electric here is to lock up, the ongoing going on, the current crisis, jet exit eyes by the limited access to affordable energy, reinforces the need to invest in renewable energy option and also to freeze out fossil fuel. the pilot project will support the conversion of $200.00 took to looks and if it's successful, the government plans to electrify half a 1000000 to dukes over the next 5 years. it is mainly for the enlightenment that you are not actually anything any that accomplished gases. as well as well,

your pocket because you will be completely saved the few that you are blending, the pictures that drug costs you will be only charging the the electric make on using the electricity, which is more cheaper than purchasing fit for the electric took took, couldn't travel 80 to 100 kilometers per charge. but with very few charging facilities available, many of 3 link those took, took drivers are skeptical that it's practical. what it was, it did not go on a 150 k, allow me to hire. we will get stuck out of the way that we will have to stop, take 5 hours to charge the battery and then continue. we won't be able to get home that day, but the next day this is an unsuccessful project that the critics also point out that more than 80 percent of sri lanka is energy comes from fossil fuels like oil and coal power outages are also common. however, the government aims to achieve 70 percent electricity production from renewable

sources by 2030. so that's our show. thanks for watching. have a great weekend. the

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the index they are on the side in 75 minutes on d, w. hello guys. this is the 77 percent the platform for these issues and share idea. you know, on this channel we are not afraid to pass and then to talk to young people clearly have the solution, the future of the 77 percent every weekend on dw evelyn charmaya. welcome to my pod cast. last matters that i advised, celebrities, influenza and experts to talk about all plain loved data and yet today, nothing less the stuff,

all these things in more and the new season of the fuck. com. make sure to tune in wherever you get your thoughts costs, enjoying the conversation, because you know, it's last matter the, this is the don't use life from berlin, syria rejoins the family of arab nations. president bush are all a side as welcome to back to the arab league after a 12 year suspension over syria is grinding civil war. he tells us some of the inside of your ravia. he's hoping for a new era.