Economy of Europe

The strong start to Monday's session at the Greek bourse gave way to some profit-taking initiatives in the afternoon that erased almost all of the benchmark's gains. The main index closed on the day's low, but that humble growth sufficed for yet another nine-year high. This was the sixth consecutive session of gains for the benchmark.

BELGRADE - The Serbian dinar's official median exchange rate against the euro is 117.2737 dinars for one euro on Friday, which is a slight change from Thursday, the National Bank of Serbia said.

The dinar is steady against the euro m-o-m, up by 0.1 pct y-o-y and steady relative to the beginning of the year.

A rollercoaster session at Athinon Avenue on Thursday saw constant shifts from black to red and back, before the benchmark of the market heeded the course of mid-caps to close with gains for yet another day, despite the decline of the banks index. That means the main index has registered yet another nine-year high, with turnover remaining at a particularly satisfactory level.

The upward trajectory of the Greek stock market continued for another day on Wednesday, with the increased turnover being the main feature of this fresh session of growth that led the benchmark to yet another nine-year high. The 2% advance of the banks index leaves no doubt about the day's protagonist, with Alpha leading the way up thanks to its favorable corporate results.

The Turkish lira, which fell today by more than five percent, hit a new historic low against the dollar ten days after the re-election of President Recep Tayyip Erdogan, reported AFP.

BELGRADE - The Serbian dinar's official median exchange rate against the euro is 117.2782 dinars for one euro on Monday, which is a slight change from Friday, the National Bank of Serbia said.

The dinar is steady against the euro m-o-m, up by 0.1 pct y-o-y and steady relative to the beginning of the year.

BELGRADE - The Serbian dinar's official median exchange rate against the euro is 117.2728 dinars for one euro on Friday, which is a slight change from Thursday, the National Bank of Serbia said.

The dinar is steady against the euro m-o-m, up by 0.1 pct y-o-y and steady relative to the beginning of the year.

Amid international concern about the manufacturing index (PMI) in China, which points to a notable slowdown, stock markets in Europe showed their concern on Wednesday with prices sliding in their majority.

Traders at the Greek stock market chose to cash in on some of their recent gains on Tuesday, with the main index at Athinon Avenue coming off Monday's nine-year high for some moderate losses for the majority of stocks, led by banks. Nevertheless, mid-caps bucked the trend and their index remained in positive territory.

"Bulgaria is on the final stretch on the road to the Eurozone". This was stated by Iliya Lingorski from the BNB Board of Directors during a forum dedicated to the advantages for business and the economy of the adoption of the euro.