European Commission

Support to venture capitals

By Dimitra Manifava

A strategy being drafted by the Development Ministry to promote innovative entrepreneurship includes joint investments by the New Economy Development Fund (TANEO) with business holdings funds, as well as tax incentives to attract foreign investments to newborn enterprises.

Stickers confirm that Serb are underprivileged citizens

BELGRADE - The stickers with the Croatian flag used to cover the bilingual signs on government buildings in Vukovar, which were put there by members of an association of war veterans, confirm that Serbs are underpriviliged citizens in Croatia and that the law does not protect them, head of the Coalition of Refugee Associations Miodrag Linta said on Saturday.

Budget posts primary surplus of 1.54 bln euros in Q1

Value-added tax revenues from fuel consumption missed their budget target by 288 million euros in the January-March period.

By Prokopis Hatzinikolaou

Despite the significant lag in public revenues, the state budget produced a primary surplus of 1.54 billion euros in the first quarter of the year, according to figures released on Tuesday by the Finance Ministry.

EU executive approves restructuring aid for Greek bank Eurobank

The European Commission has approved restructuring aid for Greece's third-largest lender Eurobank, the European Union executive said on Tuesday.

"The plan will enable the bank to become viable in the long term without unduly distorting competition,» the Commission said in a statement.