Economy of the European Union

LONDON - The European Bank for Reconstruction and Development (EBRD) has revised its economic outlook for the Western Balkan region, estimating that Serbia's GDP was up by 2.3 pct in 2022 and would grow by 2 pct in 2023.

In a statement, the EBRD said the 2023 projection was a 1.3 pct downgrade from its previous report, released in September last year.

BELGRADE - EIB Global has approved 45 mln euros for two educational projects in Serbia and 31 mln for water transport, and Finance Minister Sinisa Mali says the 76 mln euro aid will go to investments to modernise educational institutions as well as to further renovation and development of infrastructure.

BELGRADE - Serbian PM Ana Brnabic met with European Bank for Reconstruction and Development (EBRD) President Odile Renaud-Basso on Friday to discuss cooperation in strategic projects, thanking the EBRD for its support to Serbia.

BELGRADE - Serbian President Aleksandar Vucic on Friday met with a European Bank for Reconstruction and Development (EBRD) delegation headed by EBRD President Odile Renaud-Basso to discuss strategic projects and investments.

"The lev is attached to the euro, the exchange rate is fixed. In Bulgaria, we operate with the euro, which is called the lev in a ratio of 2 to 1 for 25 years - since the currency board was introduced." This is what Julian Voinov, a financier, said on Nova TV.

"We Continue the Change" (WCC) and "Democratic Bulgaria" (DB) accused the other 5 parliamentary represented formations of a conspiracy against the admission of Bulgaria to the Eurozone and the implementation of the justice reform.

The Eurozone economy will avoid recession this winter after growing by 0.1% in the fourth quarter of 2022, according to official data from the European Union's Statistics Agency.

The figure was lower than the 0.3% growth recorded in the third quarter of 2022, but better than economists' forecasts for a contraction.

Skroutz is taking another step toward becoming the "Greek Amazon," as its online shopping platform, Skroutz Marketplace, is now able to ship products to all eurozone countries. It will soon have an English version too.

Behind the horrors of war, amidst successive international crises, a favorable reality for Europe (and Greece) is quietly unfolding. What was once a factor of division and weakness for the European Union is now a pillar of unity and strength. The euro, at the heart of the EU's first major crisis of the 21st century, has evolved from a weak core to a European unifier.

The European Investment Bank (EIB) and Greek authorities on Thursday announced new financing agreements, worth 900 million euros in total, that will support priority investments in high-impact, large-scale projects across the country, focused on the green and digital transitions.