Economy of Europe

Depositors at troubled Corporate Commercial Bank (KTB) have demanded that the bank be open before October 5, the date of early elections for Parliament in Bulgaria.

They have also insisted that Bulgarian National Bank (BNB) Governor Ivan Iskrov step down immediately.

The Movement for Rights and Freedoms (DPS)'s leader called for an investigation into the recent developments at Bulgaria's Corpbank, media sources say.

A company building a hydroelectric power plant (HES) in Zonguldak has threatened local villagers who launched legal action to halt the construction works with seeking millions of Turkish Lira-worth of damages

The Turkish Central Bank has announced it will increase the daily foreign exchange auction amount on Sept. 29 to $40 million, from a minimum of $10 million

KTBalive Facebook group has accused Bulgaria's central bank governor of attempting to depict protests by frustrated depositors at troubled Corpbank (KTB) as being manipulated.

The gas interconnector pipeline between Romania and Bulgaria's towns of Giurgiu and Ruse, respectively, is expected to be completed by the end of this year, said on Tuesday the CEO of Bulgarian company Bulgartransgaz, Kiril Temelkov.

Sofia Court of Appeals has turned down the request for dismissal of Tsvetan Gounev as BNB Deputy Governor.

The ruling, which follows a similar move from the Sofia City Court, has been explained with "lack of evidence".

Corporate Commercial Bank majority shareholder Tsvetan Vasilev has pledged to do anything to rescue the troubled lender and has claimed to have irrefutable evidence of "manipulations" against KTB at disposal.

New 10-euro notes are being introduced across the eurozone from Tuesday.

The European Central Bank is gradually phasing in new banknotes to replace those in circulation since the euro became a physical currency in January 2002. It started with new five-euro banknotes in May 2013.

By Kristine Aquino

The euro touched a 14-month low before European Central Bank President Mario Draghi speaks to European Union lawmakers. New Zealand’s dollar rose after Prime Minister John Key won a third term in a record election victory.