Credit

A new study traces an international procurement network that the Islamic State group cultivated over years

Since the UK Gambling Commission's regulation required online gambling operators to encourage and permit their customers to use GamStop, this scheme has gained popularity in the gambling industry. In fact, from March 31st, 2020 the commission obliged all the licence holders to persuade their customers who want to remove the temptation to gamble to register at GamStop.

Having provided nearly $7 billion in financing from international financial institutions in the second half of this year, Turkish lenders reaffirmed trust in their country and sector.

Normalization steps around the world and positive developments concerning the COVID-19 vaccine has boosted the global risk appetite.

The Finance Ministry is planning a new scheme for the settlement of outstanding debts to the state in 100 or 120 installments, fearing the accumulation of a new generation of arrears due to the health crisis.

The government will submit to Parliament in September a new payment schedule for debts to the state incurred during the coronavirus pandemic.

These new debts will be paid either in 12 interest-free installments in 2021 or 24 low-interest installments. The amount of unpaid taxes and previous debt settlements that froze during the period from March to May exceeds €2 billion.

As of June 15, banks had granted loans to the amount of 4 billion lei under the IMM Invest programme, and this week the one billion euro equivalent mark will be passed, Cristian Paun, chairman of the Board of Directors of the National Credit Guarantee Fund for Small and Medium-Sized Enterprises SA - IFN (FNGCIMM SA - IFN), said on Wednesday.

The three largest Turkish state-owned banks have unveiled new advantageous loan packages in four categories in a bid to help stimulating the economy as the country relieves the effects of the coronavirus pandemic.

Loan managers are reporting an improvement in repayments in May, after the debt servicing delays recorded in the second half of March and the whole month of April. The restoration of payment flows signals a gradual return to normality, said Anastasios Panoussis, chief executive officer at Eurobank FPS and head of the Association of Loan Managers, at SmithNovak's European conference.

The cash loans in Turkey increased 14 percent in the first quarter hitting as high as 3.02 trillion Turkish Liras ($441 billion), according to the Banks Association of Turkey (TBB) on May 18.

The banks in Romania have solved, two months after the onset of the health crisis generated by the COVID-19 pandemic, more than 83pct of the approximately 317,000 applications submitted by customers, individual and legal persons for the suspension of monthly payment obligations from credit agreements, announced on Monday the Romanian Association of Banks (ARB).