Personal finance

Banks will no longer charge fees for the utilization and management of consumer loans, after Bulgarian lawmakers adopted on second reading amendments to the Consumer Credit Act.

By Dimitra Manifava

Dias Aquaculture decided on Thursday to file for bankruptcy and protection from its creditors following Wednesday’s rejection of its application to enter into the conciliation procedure under Chapter 99 of the Bankruptcy Law.

The number of Greek pensioners edged up for a third month in a row in March, reaching a total of 2.65 million.

Greece spent a total of 6.8 billion euros on pensions in the first quarter of the year, according to the figures produced by the Ilios system overseen by the Labor Ministry.

BELGRADE - Serbia should use the USD 1 billion loan granted by the United Arab Emirates (UAE) to pay back expensive loans and launch reforms, economist Sasa Djogovic of the Belgrade Institute for Market Research (IZIT) stated on Thursday.

We received a loan from UAE on more favourable terms than currently available on the market, Djogovic told a news conference.

The government of Serbia approved unanimously the USD 1B loan from the United Arab Emirates late on Wednesday.

Owing to the loan, Serbia will save USD 40M annually, or approximately USD 400M over the period of ten years, Finance Minister Lazar Krstic pointed out, Serbian Tanjug reports.

BELGRADE - The government of Serbia made a unanimous decision late on Wednesday to approve the USD 1 billion loan from the United Arab Emirates.

Owing to the loan, Serbia will save USD 40 million annually, or approximately USD 400 million over the period of ten years, Finance Minister Lazar Krstic pointed out.