Business
Most Bank Charges Dropped from Bulgaria's New Consumer Credit Act
All bank charges except those for handling credits to be dropped is one of the proposed changes in the new Consumer Credit Act, Bulgaria's socialist MP Georgi Kadiev told NovaTV.
According to the MP from Bulgaria's Socialist Party, the new act which will be revised at second reading, stipulates the advance paying off of liabilities, too.
Greek bank deposits fall in February for second month in a row
Greek bank deposits dropped in February for a second month in a row to their lowest level since October, central bank data showed on Thursday.
WB conditions its loan on starting reforms by summer
BELGRADE - The World Bank (WB) will approve a USD 250 million loan for Serbia’s budget if the restructuring of state-run enterprises begins by the summer of this year, World Bank (WB) Country Manager for Serbia Tony Verheijen has said.
Half a Million Bulgarians Barely Pay Electricity Bills
Around 500 000 Bulgarians find it difficult to pay their electricity bills, an expert at a Bulgarian energy trade union said.
Eurozone banks buy govt bonds in February
Eurozone banks mainly increased their holdings of sovereign debt in February after banks passed the year-end deadline for balance sheet data under the European Central Bank's asset review, ECB data showed on Thursday.
- Read more about Eurozone banks buy govt bonds in February
- Log in to post comments
Ukraine, IMF Agree USD 18 B Rescue Deal
Ukraine and the International Monetary Fund have signed a deal granting a USD 14-18 B package to the country, IMF mission's head Nikolay Gueorguiev has announced.
Under the new agreement, up to USD 27 B more could be allocated to Kiev over the next two years.
- Read more about Ukraine, IMF Agree USD 18 B Rescue Deal
- Log in to post comments
Ukraine to Raise Gas Prices by Half
Ukraine has agreed on a 50% increase of gas prices for domestic consumers.
Hike of gas bills is part of conditionality set by the International Monetary Fund (IMF) if Ukraine is to be granted an aid package.
State energy company Naftogaz reported that price changes will be into force from May 1, with more rises due to be made until 2018.
- Read more about Ukraine to Raise Gas Prices by Half
- Log in to post comments
Romania Presses on With Controversial Fuel Tax
Romanian Prime Minister Victor Ponta has said his centre-left government will not revoke a controversial fuel tax coming into force on April 1, but promised compensatory measures.
“The measure will help ‘fair' transporters, without a history of tax evasion, who will be able to recover most of the costs [of the new tax],” Ponta said, without offering further details.
- Read more about Romania Presses on With Controversial Fuel Tax
- Log in to post comments
Lamda development raises offer for Europe’s largest urban plot [Update]
Paul Tugwell & Nikos Chrysoloras
A venture led by Lamda Development increased its initial offer by 25 percent for 100 percent of Hellenikon SA, topping an independent valuation, the Greek state-asset sales fund said.
Serbia, U.S. sign plan for bilateral military cooperation
BELGRADE - A new plan for bilateral military cooperation between Serbia and the United States for fiscal 2015 was signed in Belgrade on Wednesday.
The plan was signed by official at the Department for International Military Cooperation Col. Milan Konjikovac and U.S. Defense Attache to Serbia Col. Paul Brotzen.