Economy of the European Union
Bulgaria Faces Loss of Up To EUR 97 M in EU Funding for Agriculture
Bulgaria may lose EU funding for agriculture of EUR 53-97 M by end-2014, according to caretaker Agriculture Minister Vasil Grudev.
Grudev explained in an interview for 24 Hours Daily that Bulgaria had to absorb EUR 397 M in EU funding by the end of 2014, while the amount of payments requested at the European Commission by early August totaled EUR 50 M.
In talks with Draghi, Hardouvelis expresses opposition to third loan program
In talks with European Central Bank President Mario Draghi in Milan, Greek Finance Minister Gikas Hardouvelis has reiterated the Greek government's opposition to the prospect of a third loan program for the country, which is just beginning to see signs of an economic upturn following a recession exacerbated by four years of austerity.
Encouraging signs
Wednesday turned out to be a particularly good day for Greece with regard to the operations of the European Union.
The countrys commissioner, former Defense Minister Dimitris Avramopoulos, was assigned a significant and as it turned out reinforced portfolio.
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EU says new Cyprus laws clash with rescue deal
The European Union is warning Cyprus that it may be flouting the terms of its multibillion-euro rescue package after the countrys parliament approved legislation softening a crucial foreclosures law.
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Greek deflation slows in August, prices decline for 18th month
Greek consumer prices fell 0.3 percent in August, with the annual pace of deflation slowing from a 0.7 percent drop in July, data from the country's statistics service showed on Wednesday.
August' s reading was the slowest deflation rate since March 2013.
Serbia to get digital TV signal by 2015
BELGRADE - The Ministry of Trade, Tourism and Telecommunications organised on Tuesday the first meeting with the national, regional and local broadcasters to discuss the transfer from the analog to the digital TV signal, which will happen in Serbia by June 2015.
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Sentix eurozone index slides in September despite ECB measures
Sentiment in the eurozone fell for a second straight month to its lowest level in more than a year in September, suggesting the single currency bloc will fall back into recession, a survey by Sentix showed on Monday.
IMF's Lagarde urges Germany to spend more, aid recovery
International Monetary Fund (IMF) head Christine Lagarde urged Germany to increase investments to help spur the eurozone's flagging economic recovery, adding that the bloc as a whole needed to make more structural reforms.
Serbian currency continues to drop against euro
Serbian currency continues to drop against euro
BELGRADE -- The dinar (RSD) declined by 0.3 percent against the euro (EUR) on Monday, with the official medium exchange rate at RSD 118.7954, the central bank (NBS) said.
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Currency loses more ground despite intervention
Currency loses more ground despite intervention
BELGRADE -- The Serbia dinar (RSD) declined in value by 0.2 percent against the euro (EUR) on Friday.
This came despite an intervention by the National Bank of Serbia (NBS), which sold EUR 30 million on the interbank foreign exchange market on Thursday.
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