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.
Dijsselbloem hails Greek progress
High sovereign debt and unemployment are the major issues plaguing Greece'a economy, eurogroup chief Jeroen Dijsselbloem told the European Parliament's economic and monetary committee in Brussels on Thursday.
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Bond market girds for ECB meeting with sub-zero short-term rates
German bonds were little changed as fixed-income traders prepared for a monetary-policy decision from the European Central Bank amid speculation officials will boost stimulus measures to support the euro-area economy.
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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.
Bulgaria, Russia Discuss Exempting South Stream from EU Restrictions
Bulgaria and Russia are discussing the possibility of reclassifying the Bulgarian section of the South Stream gas pipeline into a field pipe to exempt it from EU restrictions.
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Tsvetan Vasilev to Make Proposal on KTB within Days – Central Bank
The Bulgarian National Bank (BNB) has received answers to the letters it had sent to Bromak JSC and the State General Reserve Fund of Oman, Corpbank's major shareholders.
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 Unions statistics office Eurostat said.
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Protest Rally in Sofia Demands KTB Reopening
A protest rally in front of the central bank building in Sofia on Friday demanded the reopening of Corporate Commercial Bank (KTB or Corpbank), state radio BNR reported.
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Former PM Kostov Urges Fast Action to Rescue KTB
Bulgaria’s former Prime Minister Ivan Kostov on Thursday said there are two options to rescue the troubled Corporate Commercial Bank (KTB).
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Borsa Istanbul in talks with European, US giant for share sale
Turkeyâs sole stock exchange Borsa Istanbul is reportedly holding talks with one European and one American giant for the potential sale of a minority of the exchangeâs shares only months after a landmark deal with U.S. stock exchange NASDAQ.