Money

The Turkish Central Bank on April 27 held its interest rate at 8.5 percent in its Monetary Policy Committee's (MPC)  meeting.

The Bulgarian National Bank (BNB) has taken measures to restrict lending and control the growth of inflation. The central bank's decision is to more than double the minimum required reserves of banks.

This is happening two days after the BNB reported as a risk the rapid growth of lending from commercial treasuries.

Mature Greek startups have taken on the role of buyer or investor in order to either enter new markets, strengthen their team (acqui-hiring) or add new technologies - a trend that has only recently expanded.

Standard & Poor's on Tuesday raised the outlook of credit ratings of Greek banks, citing significant progress achieved by the financial institutions.

Americans are finally reaping some benefit from keeping their money in the bank.

Banks are paying up for savers' deposits in a much bigger way than they have in more than a decade, based on recent earnings reports from the nation's biggest banks.

The shareholders of Thrivest, which will participate with 30 million euros in the Attica Bank capital increase by acquiring, in this phase, 4.93% of its share capital, aim to create a single bank.

"1.8% - this is the optimistic option for the growth of the economy. The Bulgarian National Bank, for example, predicts 0.4% growth. This is a positive realistic option. There are also options with a recession, which are even more frightening.

American business magnate Warren Buffett predicts new bankruptcies of American banks. Economists at the International Monetary Fund (IMF) speak of superficial stability with turmoil already manifesting below the surface.

The payment of retirement lump sums to some 7,500 teachers who received their main pension in the previous period started on Friday and is expected to be completed by the end of the month.

Members of the Central Bank's Monetary Policy Committee (MPC) will meet this week to decide on the key interest rates, as the decision is due on April 27.

Last month, the bank kept the policy rate (one-week repo auction rate) unchanged at 8.5 percent.