Economy of Europe

Bulgarian Economist: January 1, 2024 is a Possible Date for Joining the Eurozone

"January 1, 2024 is a possible date from which we can start paying in euros. If by the middle of the year we receive confirmation from the ECB that we are joining the Еurozone from the beginning of next year, then we will have to start preparations.

SSM head on the Greek banks

Greek banks will undergo capital stress tests in order to get the green light from the European Central Bank's supervisory mechanism to distribute dividends to shareholders, the head of the Single Supervisory Mechanism (SSM) board, Andrea Enria, told Kathimerini.

Wargaming to hold stake in Hellenic

Wargaming Group, a Cypriot technology company, intends to remain a shareholder in Hellenic Bank, Cyprus' second largest lender.

Despite selling a 13.41% stake to Greek banking group Eurobank in early December, Wargaming says its goal now is to focus on what it says it "does best," which is creating good games.

Bulgaria: Bank Accounts will Automatically be converted from BGN to EUR on the Day of Introducing the Euro

Bank accounts will automatically be converted from BGN to EUR on the day of the introduction of the single European currency, emphasized the Governor of the Bulgarian National Bank (BNB) Dimitar Radev in his publication in the bulletin of the Association of Commercial Banks.

Stournaras meets with SSM’s Enria to discuss Greek banks

Bank of Greece Governor Yannis Stournaras met on Thursday with Andrea Enria, chair of the Supervisory Board of the European Central Bank's Single Supervisory Mechanism (SSM).

Enria met with Stournaras and other members of the Bank of Greece's administration, as well as with representatives of the managements of Greek banks and the Hellenic Bank Association.

ATHEX: Steep drop of index from 8-year highs

The main index at Athinon Avenue came off its eight-year peak on Thursday with a significant drop that bore the marks of profit-taking, but with a significant trading volume that showed interest remains considerable in the local bourse. This was only the second session of decline for the benchmark of the local stock market since the start of the year.

ATHEX: Most stocks post fresh gains again

The constant march higher of Greek stocks continued on Wednesday, on a considerably increased turnover thanks to a number of business deals that not only increased the trading volume but also further fed the optimism among investors for medium-term gains. More than half of the day's turnover took place during the closing auctions.