Economy of Europe

Central bank governor appointed chair of ECB's audit committee

The European Central Bank (ECB) appointed Bank of Greece Governor Yannis Stournaras chairman of the European bank's Audit Committee.

Stournaras had been elected member of the ECB's Audit Committee in September 2018.

In his new capacity he replaces Ewald Nowotny, former governor of Oesterreichische Nationalbank.

ATHEX: Banks drag stock market lower

Stocks in the Greek bourse were once again swayed by banks that dragged the market lower on Tuesday, accelerating the benchmark's decline toward the 900-point mark.

The Athens Exchange (ATHEX) general index ended at 911.82 points, shedding 0.86 percent from Monday's 919.77 points. The large-cap FTSE 25 index contracted 0.95 percent to 2,291.80 points.

European Investment Bank announces major agricultural support investment in Greece

European Investment Bank (EIB) president Werner Hoyer announced ambitious plans for major investments in Greece in 2020 during a visit to Athens for talks with Prime Minister Kyriakos Mitsotakis, Finance Minister Christos Staikouras and other government officials today.

Partnership with National Bank of Greece, Piraeus Bank

ATHEX: Stocks edge higher on day of gains abroad

The benchmark at Athinon Avenue proved unable to hold on to most of the gains it had recorded during the day on Wednesday, in line with the majority of other eurozone bourses. It presented a mixed picture at the end of the session, with rising stocks narrowly edging out the losers on a day when the bond market dominated investor interest.

BNR: Business Organizations in Bulgaria Oppose Holding of Referendum on Introduction of Euro

The national organizations representing workers and employees, and employers in Bulgaria express full support for the National Assembly's decision - that the country should leave the exchange rate mechanism should a Lev-Euro exchange rate be proposed that is different from the exchange rate now in place.

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