Economy of Europe

ATHEX: Bourse grows 4.5% in one day

World markets were upbeat on Tuesday, following the announcement of bolstering measures by the central banks of the US and Japan, while expectations for an economic rebound starting in the second half of the year added to global stocks' upward swing. In Greece, Athinon Avenue enjoyed a day of significant gains that rose over the course of the day across the board.

Council of Ministers Approves Bulgarian Development Bank to Acquire Shares of Fibank

 

At a meeting in the Council of Ministers on June 12, the Government discussed a Draft Protocol Decision on actions taken by Bulgarian Development Bank AD (BDB) to acquire shares from the capital increase of First Investment Bank (FiBank).

ATHEX: Third day of stock losses

The Fed's {decision on Wednesday to hold the key US interest rates unchanged inflicted losses on most European stock markets on Thursday; the Greek bourse followed suit, with its benchmark heading south for the third day in a row, on the lowest daily turnover in 11 sessions.

EC Vice President Valdis Dombrovskis: Bulgaria Met the Requirements for Public Finances, Not Fully Compatible to Join ERM II

The European Commission has presented a report on the progress of non-Eurozone countries towards the adoption of the euro.   EC Vice President Valdis Dombrovskis said there was encouraging progress in some countries.

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