Economy of Europe

Bulgaria: Passengers refused to get off a Plane that landed in Varna instead of Sofia

Passengers barricaded themselves in a plane of a low-cost company, which landed in Varna instead of Sofia Airport without notifying them in advance.

The case is from Friday and it became clear after videos circulated on social networks today.

ATHEX: Banks boost index helped by mid-caps

Unfazed by news of a German recession and a US credit default threat, the Greek stock market reverted to its upward trajectory on remarkable trading volume on Thursday, recapturing the 1,200-point level, with the help of growth in bank stocks. The universally positive first-quarter results of listed companies also contributed to the price growth.

National Bank quarterly profit drops on lower trading income

National Bank, the country's second-largest lender by market value, has posted a 28% drop in earnings for the first quarter on lower trading income and one-off items.

NBG, 40 percent-owned by the country's HFSF bank rescue fund, said net profit stood at 260 million euros in the first quarter, down from 360 million euros in the same period last year.

ATHEX: Bourse ends week before polls higher

The Greek stock market ended the last week before the general election with gains, which made it the third consecutive week of growth for the benchmark at Athinon Avenue. The market appears calm ahead of the polls, in contrast with what is happening on the other side of the Aegean, while turnover in Athens increased on Friday thanks to maturing of the month's derivatives.

ATHEX: Traders opt for treading cautiously

Investors continue{ to tread carefully in the local market as Sunday's election approaches, so on Thursday they reduced their activity to the bare minimum, with the majority of stocks and the benchmark at Athinon Avenue posting small losses. The day's turnover was the lowest of the month so far. Friday's session may be the last before the polls, but also sees the expiry of the April derivatives

Bulgarian National Bank: The Technical Work on the Adoption of the Euro Continues

The Bulgarian National Bank (BNB) has no formal basis and has not suspended the technical work on the adoption of the euro. It is being carried out on schedule and within the bank's budget for 2023, the press center of the Bulgarian National Bank said regarding political comments that the process of joining the Eurozone should be stopped.

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