Banks

Austria received orders from investors amounting to 40 billion euros and Greece 25 billion euros for their new 10-year bonds

Ljubljana – Slovenia plans to issue a 60-year bond subject to market conditions and has commissioned BNP Paribas, Deutsche Bank, Goldman Sachs Bank Europe SE and HSBC to manage the issue, the Finance Ministry announced on Tuesday.

Additional details have not been disclosed, but this would be the longest maturity for a bond Slovenia has ever issued.

Foreign investors who remained aloof from Turkey for a few years are edging back in, drawn by a promise of some of the biggest returns in emerging markets and a pledge of economic and legal reforms, according to money managers.

Bulgarian economy has been shrinking in the last trimester of 2020, but the same trend is expected to persist in the first months of 2021 too, forecast UniCredit Bulbank experts in their three-month analysis of economic development of the Central and East European countries.

The investment bank predicts Greece will be upgraded within the next year

Nearly BGN 25 billion has flown into the National Revenue Agency (NRA) in 2020, which is over BGN 700 million more than planned and BGN 1.1 billion more than the previous year 2019, the agency reported.

Despite the Covid crisis, businesses and citizens have diligently paid taxes and social security contributions, the agency said.

Ljubljana – The Finance Ministry has commissioned several international banks to manage a new, 10-year bond with maturity in 2031 and increase a 30-year bond issue due in 2050 in the near future, depending on the situation on financial markets.

Ljubljana – Nova Ljubljanska Banka (NLB), Slovenia’s largest bank, has completed the acquisition of an 83.2% stake in Komercijalna Banka (KB) in Serbia, a move it describes as a milestone in its strategy of becoming the leading financial institution focused on Southeast Europe. NLB paid EUR 394.7 million for the stake.

Ljubljana – NLB, Slovenia’s largest bank, has obtained all the required permits to take over an 83% stake in Komercijalna Banka in line with the February contract, NLB said in a press release on Tuesday.

The takeover of the bank which the Serbian state sold to NLB in February for EUR 387 million is expected to be finalised by the end of the year.

Ljubljana – Public and private investors, including the government, signed a memorandum in Ljubljana on Tuesday to cooperate in the construction of a EUR 387 million passenger terminal in Slovenia’s capital, also known as Emonika.