Economy of Europe

Banker Tsvetan Vasilev in Belgrade, Wants to Return to Bulgaria

Tsvetan Vasilev, Coprorate Commercial Bank's majority shareholder, is willing to return to Bulgaria despite perceiving a threat to his life, his lawyer says.

Konstantin Simeonov, who is to defend Vasilev starting Monday, told private national channel TV7 the banker is currently residing in Serbia's capital Belgrade.

Tabakovic: Dinar drops less than one percent per month

BELGRADE - The current weakening of the domestic currency is not a cause for concern, as the depreciation of the exchange rate is still less than one percent per month, National Bank of Serbia (NBS) Governor Jorgovanka Tabakovic said Wednesday, stressing that the central bank will not change any of its measures of intervention in the foreign exchange market.

Disappearing inflation heightens Draghi concerns

Eurozone inflation dropped to a fresh five-year low in August, data showed on Friday, something likely to concern the European Central Bank but not force it into immediate policy action.

Consumer prices in the 18 countries using the euro rose by just 0.3 percent year-on-year in August, the smallest increase since October 2009, the European Union’s statistics office Eurostat said.

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