Ireland

Greece is ready for a "new relationship" with international creditors in 2015, its finance minister said, in a signal it may be abandoning plans which had rattled markets.

By Yiannis Papadoyiannis

The chairman of National Bank of Greece warned on Thursday that political, economic and geopolitical risks pose a threat to the country’s recovery.

Turkey is a country that prefers to postpone issues rather than solve them. Not that any of our problems have truly been solved, but those we sweep under the rug and tend to forget are many times worse than the ones we’ve solved.

Lending to companies in the euro zone periphery continued to fall in September, while banks in core countries kept lending more, ECB data showed on Monday, highlighting the divergence in economic strength in the bloc.

Daylight-saving time in Turkey will end on Oct. 26 and clocks across the country will be turned back one hour at 4:00 a.m. on Sunday, Oct. 26.

Clocks across Turkey were last put forward to daylight-saving time for an hour on March 31 to save electricity.

The European Union leaders’ summit concluded in Brussels on Friday without any concrete decisions having been taken about Greece’s economic future despite Prime Minister Antonis Samaras holding a series with top officials.

Sofia should transfer an additional EUR 7 M installment to EU's budget, the EU Commission announced Friday.

The new estimates are based on a recently-adopted model which uses revenues from income tax and GDP growth to set the amount of money each member state should send to Brussels.

By Nicholas Comfort

The euro area’s biggest banks will show a 6 billion-euro ($7.6 billion) capital gap in the European Central Bank’s tests of the quality of their assets and ability to withstand economic shocks, said Citigroup Inc.

The regions of Sliven and Burgas have the highest percentage of young population, shows data of Eurostat, quoted by Bulgarian-language media.

In the Sliven region the share of people aged below 15 is 17.6% and in Burgas - 15%. The average share of people below 15 in the EU is around 16% of the total population.

BELGRADE - Officials of European countries' central banks met at the National Bank of Serbia (NBS) on Tuesday for a three-day forum on information and communication technology in central banks, the NBS has stated.

The meeting, the largest of its kind in Europe, was opened by NBS Vice-Governor Ana Gligorijevic and head of the IT Sector goran Kunjadic.