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Latest activity in Balkans

European Council Fails to Reward North Macedonia, Albania

In a major blow to the hopes of the two Balkan countries, the European Council - preoccupied with Brexit -  on Thursday failed to give Albania and North Macedonia a date to start EU membership talks.

In a last-ditch effort to reach an agreement on the matter, amid fading hope, the Council moved the issue of enlargement to Friday's last session of the council.

Alpha expects final bids for business loans

Alpha Bank is awaiting binding offers from three short-listed investors for the concession of its nonperforming corporate loan portfolio dubbed "Neptune," testing investor interest in the largest portfolio of secured corporate loans put up for sale by a Greek lender to date.

Eurostat: Bulgarians are Most at Risk of Poverty in the EU

We are followed by Romania and Greece.

Bulgarians are most at risk of poverty among all EU Member States, Eurostat data show. According to them, about 2.3 million people in Bulgaria live with income around the poverty line, which is BGN 350.

Turkey Has Stopped the Military Operation in Syria

The decision comes after US Vice President Mike Pence and Secretary of State Mike Pompeo visited Ankara.

Turkey and US agree to ceasefire in Syria. Vice President Mike Pence reported the news.

Expect more details!

Gov’t seeks more tools for NPLs

The government is seeking out additional systemic solutions for the banks' bad-loan problem, beyond the state's Hercules plan, Finance Minister Christos Staikouras revealed to Bloomberg on Thursday. His comments came after Bank of Greece Governor Yannis Stournaras said that Hercules is a step in the right direction but is not enough.

BoG sees great benefit from omnibus bill

The Bank of Greece estimates that the impact of the investment incentives bill currently being debated in Parliament will amount to a 5-percentage point increase in gross domestic product, a 3.6-percentage point rise in employment, along with a reduction in undeclared labor, while investments will increase by 4.9 percentage points over the next decade.

ATHEX: Stock index within reach of 860 points

The Greek stock market benchmark edged marginally higher again on Thursday, but the increase in turnover did not translate into a significant advance for blue chips, as their index ended up in the red. Gains for small-caps, on the other hand, led to winners surpassing the losers at the end of the session.