European Central Bank

Mitsotakis in Marseilles for summit on Med biodiversity, viable development

Greek Prime Minister Kyriakos Mitsotakis travelled to Marseilles on Friday for a mini summit hosted by French President Emmanuel Macron on biodiversity in the Mediterranean, a gathering also attended by ECB Managing Director Christine Lagarde and Hollywood star Harrison Ford, in his capacity as the vice-president of the group Conservation International.

Expert: There Might be a New Rise in Gas Prices as Early as January 1

The current increase in prices will be felt in our bills for January, Vasko Nachev believes

We can expect new "price slaps" from the beginning of next year. This opinion was expressed by energy expert Vasko Nachev.

"We can certainly expect more price slaps, unfortunately. And this will happen on January 1," Nachev said on the show" Hello, Bulgaria. "

Eurozone Consumer Prices Close to Record Highs - ECB

The European Central Bank announced that the consumer price index of the Eurozone has edged to its highest level in a decade. The bank admitted that it had underestimated the potential risk of price increase in EU. The latest figures may provoke a change in the overall ECB policy aimed at containing inflation at significantly lower levels, Reuters elaborated.

Stress tests affirm stability of Slovenian banking system

Ljubljana/Frankfurt – Stress tests conducted by the European Central Bank (ECB) and Banka Slovenije have confirmed the stability of the Slovenian banking system, pointing out Slovenian banks would fare well even under unfavourable economic scenarios. Nevertheless, banks have been urged to stay cautious in the post-Covid landscape.

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Half of Europeans vaccinated as Germany warns on rising virus cases

More than half of all European adults are now fully vaccinated, the EU said on July 22, as countries across Europe and Asia battled fresh outbreaks blamed on the fast-spreading Delta variant.

The European Central Bank said uncertainty over the wave of infections meant it was keeping the cash taps open to ensure the nascent economic recovery isn't snuffed out.

Central bank seeks exception allowing Board members to carry on beyond age 70

Governor of the National Bank of Romania (BNR) Mugur Isarescu sent Parliament a letter requesting the introduction in the bill adopted by the government that prohibits public employees from collecting both wage and pension, of an exception allowing the members of the BNR Board to work beyond the age of 70.

Finance wonders what will happen as state aid schemes expire

Ljubljana – Finance says on Monday that true picture of the economy will soon show as subsidised furlough and monthly universal basic income expire at the end of June being probably one of the two key state measures to fight the consequences of the Covid-19 epidemic. There are some concerns, which is understandable, it adds.

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