Economy

In its annual report on the Greek economy, the Public Debt Management Agency says that the main problems of the Greek economy remain the lack of liquidity, the state's overdue arrears and the nonperforming loans of Greek banks.

Contact points in the activities of Bulgarian e-commerce association and Bulgarian Small and Medium-Sized Enterprises Promotion Agency were discussed by representatives of the two institutions during a meeting today. The talks were attended by the Executive Director of BSMEPA, Dr. Boyko Takov and Mr. Nikolay Bakalov, a member of the Board of BEA.

In recent years, the phenomenon of "overtourism" has been observed.

All ships and ferries in Greece will remain in the ports of the country on June 3. The Executive Committee of the Pan-Hellenic Seamen's Federation (PNO) decided to declare a 24-hour strike for all categories of ships on Wednesday, July 3.

The bond segment is entering a stage of unprecedented diversification for the local capital market as investors who have had access to corporate, municipal and government bonds so far can trade the first mortgage bonds, Bucharest Stock Exchange (BVB) CEO Adrian Tanase told a conference on Wednesday.

The mandatory private pension funds had assets worth more than 53.41 billion lei, on May 31, 2019, up 24.18 per cent against the same month a year before, according to data provided by the Financial Supervisory Authority (ASF). Government bonds hold the highest share among these assets, of 31.58 billion lei, 59.14 per cent respectively.

Over 9,200 ha of corn have been completely damaged by hail, Minister of Agriculture Desislava Taneva said at the start of harvest in Sliven, a reporter of Focus Radio Sliven said. For the affected areas, the state will compensate a small part of the costs, their size and payment this year will be decided upon after the end of the season, said Minister Taneva.

Non-bank blue chips contained the earlier losses of the Greek bourse's main index on Tuesday, but observers note the political change expected on July 7 has already been priced in and the geopolitical tensions off Cyprus, in the Aegean Sea and in the Persian Gulf are making traders cautious.

National Bank of Greece has until this Friday to pay 36 million euros to the single auxiliary social security fund (ETEAEP) that has undertaken the payment of supplementary pensions to 16,280 NBG retirees.

A man whose flight from Athens to Kozani was delayed by five hours has secured compensation from the airline, in addition to the usual complementary flight offered to passengers in such circumstances, after complaining to the Ombudsman that the excessive delay led to the cancellation of all his planned business meetings that day.