they are bleak and saudi arabia, syria was suspended for 12 years over as long running civil war as nonsense. he's hoping for a new era, a regional cooperation from the news team coming up next. my colleague, chris cobra. it has your business is with economic issues dominating the elections in greece. don't forget, you can always go to our website for all the latest news and analysis. and of course we're also on social media. our annual there is at the news article fairly. thank you. so much for your company, the have someone else to see the highlights of selected for you. you every week in your inbox, subscribe now become a criminal pretty client. i already

told you about sugars paralyzed between your societies, computers and governments that go crazy for your data. we explain how things, technologies work. so that's how they can also watch it. now the out of the backseat into the voting booth, grease is holding its 1st election since spending controls imposed by the heavily indebted countries creditors, and it will tell you how the economy is faring on what's on voters. minds also coming up in 2090 italy and china agreed on

a multi $1000000000.00 deal as part of asians belt and road initiative. it's up for renewal, but rome wants out to 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 installation of 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 or this 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 a more for and money to survive and return creditors demand of half the public

spending cuts which left the deep scars among the republic, the spending controls ended last year and ever since there appears to be some positivity. as dw is jack power ker ports, 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. he still see 10 years ago was now employees, 9 people, only 15 percent of his products he sells in greece. the rest he exposed to the united states, egypt, germany, and across the u. a protection against any potential economic worries he a boy will land mileage everything down there and go to the next step and big your facility this for us and the server and exports to also some other companies. the

only worrying about us is the cost. how to keep it then it goes to the 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 put the sustain grows here. all of the countries industries need to keep expanding. the grease is national debt in 2022 reached over a 170 percent of gdp. 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,

the central bank quoted is a case of greek for the pickup system has led lessons hard lessons from from the cartridge. i think nobody would dare to buck the block. the progress of this country has made over the previous thing here. progress based on huge 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 or so met the criteria. we're 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 i've heard a confidence chattering the faults of the european stock market. we're also point german carmack or fox lagging, says it has sold as russian assets to the local dealership crude avalon, this comes as part of europe because carmakers exit from russian are following. the problem is invasion of ukraine. the sale includes the flagship colo got factory which employs $4000.00 people. do 7 leaders are meeting in japan currently and along with the russians born ukraine 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 was 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 had it is way to see them today. the signature as may be totally the 1st to southern country to take part in china as 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 the rome is trying to do that without antagonizing china and putting commercial ties and venture to make it very blunt. i think to china, i need tell you, we've probably agree on the next it strategy that is not to be single. i'm that we not imply retaliation. i think that the negotiation probably is happening in these

front only between 20202022 china, interest. it's around 16000000000 euros and infrastructure projects. in addition to previous investments in the part of 3 ester and the container terminal near general, the b, i remember on the more understanding states that the domain is valid for 5 years. and is it from optically extend it for another 5 years unless terminated by either party? you tell it has to make that decision in 2024. a number of other european countries are also part of the belton road initiative, including somebody you 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 and funding india and all roads lead to badging trade with

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

think there's been a tendency 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 sense is that there is not much help besides engaging to accept this was effects the strategy and therefore i would not count too much on these auction is actually because china seas, these events, you as a victory for the united states, one that leads me itself now if we think about retaliation, this is still a piece of an open question. we've seen that approach 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 in 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 be. therefore, we don't know whether in this case indeed indeed repercussions may occur. is francesca get ready of the mercator institute for the china studies and 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 with in 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 its 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 nations financial reserve 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, curious to alaska. the ongoing going on, the current crisis jet actually lies 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 for your pocket. because you will be completely saved the field that you are blending the pitch of the 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 has took, took drivers are skeptical that it's practical. or the 150 k allow me to hire. we will get stuck out of way and 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 isn't unsuccessful project is that the critics also point out that more than 80 percent of the street in cars 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 west making the headlights and what's behind them. dw news, i forgot the show. that's hopefully issues shaping the continents slowly getting back to normal here. well, and the streets to give you enough for points on the inside. correspondence is on the ground reporting from across the continent. all the french stuff from outside to you. the next d w. s. u v and a g 's, the new mazda cx, 6. the comfy, unsustainable possibilities of the test?

the new hybrid 6 the read in 16 minutes dw. what secrets lie behind being discovered new adventures in $360.00 degrees and explore fascinating world heritage sites dw world heritage $360.00 now the this is dw news for got coming up on the program taking stock of what was once and ecological. paradise major is but he also stays now. bez bits of fruit poisoned by decades of oil spills. a new report says a clean of will cost billions. we hear about the fight to make sure the polluters pay.