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Draghi to meet Junker ahead of ECB meeting

European Central Bank President Mario Draghi will meet the EU Commission’s incoming president, Jean-Claude Juncker, in Luxembourg on Wednesday, an ECB spokesman said on Tuesday.

The spokesman did not reveal what was on the agenda for the meeting, which will take place a day before the eurozone central bank’s governors gather for their regular monthly policy meeting in Frankfurt.

Juncker expected to discuss Commission portfolio on visit to Athens today

The portfolio that Greece’s Commissioner might get next month is one of the key subjects on the agenda for European Commission president-elect Jean-Claude Juncker’s visit to Athens on Monday.

Juncker is due to meet Prime Minister Antonis Samaras at noon on Monday. The two men, who maintain a close relationship, are expected to hold a joint news conference after their talks.

Bulgaria with Second Lowest Debt-to-GDP Ratio in EU in Q1, 2014

At the end of the first quarter of 2014, Bulgaria's government debt increased by 1.4 percentage points from the last quarter of 2013 and by 2.3 pp from the first quarter of 2013, to 20.3% of the GDP, according to Eurostat.

In the last quarter of 2013 the government debt amounted to 18.9% of the GDP and in the first quarter of 2013 it stood at 18.0% of the GDP.

Large-caps tap bond markets on reduced interest rates

By Anestis Dokas

Blue chip companies have enjoyed borrowing costs of below 5 percent in their international corporate bond issues during the first half of the year. The main reason for the decline is the improvement in the country’s fiscal image, confirmed by Greece’s return to the bond markets in April for the first time since 2010.

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