Euro

Geopolitical tensions and policy uncertainty in a year featuring many elections worldwide present risks to euro area financial stability, the European Central Bank (ECB) has warned. 

In its half-yearly financial stability review, the ECB said conditions had improved since its last assessment.

BELGRADE - The Serbian dinar's official median exchange rate against the euro is 117.1192 dinars for one euro on Thursday, which is a slight change from Wednesday, the National Bank of Serbia said.

The dinar is steady against the euro m-o-m, up by 0.1 pct y-o-y and steady relative to the beginning of the year.

The European Commission calculates Greece's growth at 2.2% in its spring forecasts for this year and 2.3% for 2025, undercutting the projection of the Greek government. Brussels' forecast was below the estimate of the recent Stability Program for 2.5% and 2.6% respectively.

The European Commission anticipates that Bulgaria will narrowly approach meeting the inflation criterion required for entry into the Eurozone, although it may not fully satisfy it.

The EU on Wednesday predicted lower inflation in the eurozone in 2024 than previously forecast but warned the single-currency area's economy still faced risks from geopolitical tensions including wars in Ukraine and Gaza.

BELGRADE - The Serbian dinar's official median exchange rate against the euro is 117.1216 dinars for one euro on Wednesday, which is a slight change from Tuesday, the National Bank of Serbia said.

The dinar is steady against the euro m-o-m, up by 0.1 pct y-o-y and steady relative to the beginning of the year.

According to Dimitar Radev, the Governor of the Bulgarian National Bank (BNB), Bulgaria will not meet all the requirements for joining the Eurozone by the time the convergence report is released in June. Radev made this announcement during a conference organized by the Association of Honorary Consuls, which focused on Bulgaria's Eurozone accession.

The Bulgarian National Bank (BNB) has initiated a trial minting process for 8 million euro coins, as announced by BNB Governor Dimitar Radev during a conference on the euro's introduction. Additionally, Radev stated that euro banknotes tailored to local requirements are currently undergoing printing.

BELGRADE - The Serbian dinar's official median exchange rate against the euro is 117.1197 dinars for one euro on Monday, which is a slight change from Friday, the National Bank of Serbia said.

The dinar is steady against the euro m-o-m, up by 0.1 pct y-o-y and steady relative to the beginning of the year.

In March 2024, the annual increase in the consumer price of coffee in the EU decelerated to 1%, a notable slowdown compared to March 2023, when it surged by 13.5%. This rate is now nearing the level observed in July 2021, when prices rose by 0.8%, as per data from Eurostat, the official European statistics agency.