Economy of the European Union

BELGRADE - The dinar has again dropped by 0.1 percent against the euro on Wednesday, setting the official middle exchange rate at RSD 118.0728, the National Bank of Serbia (NBS) stated in a release.

Bulgarian farmers whose agricultural land was completely destroyed by the natural disasters last year, will be compensated with a total of BGN 4.4M, the State Fund Agriculture informed.

BRUSSELS - A drop in highly volatile energy prices depressed eurozone producer prices in July as expected, underlining disinflationary pressures in the single currency area ahead of the European Central Bank's monetary policy meeting on Thursday.

Bulgaria was imposed financial corrections worth BGN 166 M under operational programs under the EU Structural Funds and the Cohesion Funds by December 31, 2013.

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By Hugo Dixon

Financial markets are looking to the European Central Bank (ECB) to open the cash floodgates this week after consumer price data showed the 18-country eurozone is flirting with deflation, analysts said.

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 Union’s statistics office Eurostat said.

As Greek Prime Minister Antonis Samaras tries to follow Ireland and Portugal out the bailout exit door, he faces a month of bargaining.

By Angeline Benoit & Alessandro Speciale

Euro-area economic confidence fell more than forecast, Spanish consumer prices dropped the most in five years and German unemployment unexpectedly rose in a burst of data backing Mario Draghi’s warning that more stimulus may be needed.