Business

The electricity distributing company EVN has hired an international lawyer and plans to sue Bulgaria for EUR 1 B if its business is nationalized. 

According to reports in the Austrian daily Kurier, quoted by Bulgaria's daily 24 Chasa, the company has paid EUR 270 M for its license and has invested more than EUR 600 M. 

A Bulgarian banker proposes a ban on the ads for fast credits.

In an interview for a Bulgarian-language daily, the chairperson of the oversight board of Procredit Bank, Petar Slavov, said the ads motivating undue consumption, should be banned. 

BELGRADE - Bambi will become the first food company in Serbia to feature a non-GMO icon on its products, which are all GMO free.

Alpha and Piraeus banks announced on Monday the start of their book-building with an aim to increase their share capital and cover their additional requirements as determined by the Bank of Greece a few weeks ago. The definitive decisions will be made at the extraordinary general meetings of the two lenders on March 28.

The Greek bourse’s main index endured minor losses in Monday’s session in relatively thin trading, as stocks showed a mixed picture.

BELGRADE - Serbia is using only 30 per cent of its potential in terms of agricultural and food exports to the European market, as there is not enough surplus of goods, Milorad Sredanovic, Delta Agrar's Vice-President for agriculture said on Monday.

Serbia "step away" from using EU funds for agriculture

BRUSSELS -- Serbia is a step away from the possibility of using the EU agriculture and rural development funds which in the first phase amount to EUR 11mn annually.

This is according to Serbia's chief negotiator with the EU Tanja Miščević, who spoke on Monday.

BELGRADE - Serbia is ready to cooperate with the People's Republic of China, not only in the metal industry but also in agriculture, Serbian President Tomislav Nikolic said on Monday.

The 2015 liberalization of Bulgaria's electricity market will increase the prices by 30-40%, if energy efficiency is not improved, warn experts. 

By Kati Pohjanpalo

European Central Bank Governing Council member Erkki Liikanen reiterated that slack in the euro- area economy means policy makers will keep interest rates low even as growth improves.