Economy of the European Union
Brnabic meets with Pavlova
BELGRADE - Serbian PM Ana Brnabic met with European Investment Bank (EIB) Vice President Lilyana Pavlova on Thursday to discuss EIB-assisted projects in Serbia aimed at contributing to the economic and social well-being of citizens.
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Agreement signed on 175 mln euro EIB grant for Belgrade-Nis high-speed rail line
BELGRADE - The Serbian government and the European Investment Bank (EIB) signed on Thursday an agreement on a 175 mln euro grant for the construction of a Belgrade-Nis high-speed rail line.
The amount is the second tranche of a 600 mln euro EU grant for the project.
Mali meets with Pavlova
BELGRADE - Serbian Deputy PM and Finance Minister Sinisa Mali and European Investment Bank (EIB) Vice President for the Western Balkans Lilyana Pavlova agreed on Thursday joint projects were progressing well and were being carried out without problems.
Mali and Pavlova discussed projects underway in Serbia in collaboration with the EIB and the dynamics of their implementation.
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Dinar-to-euro exchange rate at RSD 117.3375
BELGRADE - The Serbian dinar's official median exchange rate against the euro is 117.3375 dinars for one euro on Friday, which is a slight change from Thursday, the National Bank of Serbia said.
The dinar is steady against the euro m-o-m and up by 0.3 pct y-o-y.
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PM meeting Meloni and Costa, seeking alliances
Amid the fallout from the Ukraine conflict and recent financial turmoil, Greece arrived at Thursday's regular European Council meeting in Brussels hoping to have a discussion on the new framework for fiscal policy conduct at the level of heads of state.
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Mitsotakis, Costa, Meloni to meet Fri morning
Prime Minister Kyriakos Mitsotakis will meet with his Italian and Portuguese colleagues, Giorgia Meloni and Antonio Costa, Friday morning on the sidelines of the European Union summit to discuss a coordinated position on issues of economic governance.
State Athens New Agency reported that the tripartite meeting was scheduled on Mitsotakis' initiative.
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PM says now is the time to reform EU electricity market
Now is the right time for electricity market reform and for more long-term planning, Prime Minister Kyriakos Mitsotakis said at the European Council meeting on Thursday, according to government sources.
Deputy PM: I hope Bulgaria will join the Eurozone on January 1st 2025
"There are formal entry criteria for each country to enter the Eurozone, it is only a matter of time before Bulgaria fulfills them.
There are low deficits and once the energy crisis is over, there will be low deficits again.
The benchmark for inflation remains, but it will moderate anyway.
Inflation rate in Cyprus eases to 6.7%
Inflation in Cyprus dropped for the seventh consecutive month to reach 6.7% in February. This is a significant decrease from the peak of 10.6% recorded in July 2022.
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ECB raises rates as planned despite banking turmoil
The European Central Bank raised interest rates by 50 basis points on Thursday as promised, ignoring financial market chaos and calls by investors to dial back policy tightening at least until sentiment stabilizes.