Economy of Germany

04 December 2018, Sofia - Georgi Zamanov, Executive Director of Allianz Bank Bulgaria, was awarded the "Banker of the Year 2018" award for the high level of trust of the shareholders and customers of the bank. The prize was awarded by Radosvet Radev, chairman of the Bulgarian Industrial Association.

Swiss-French banker Jean-Claude Oswald, who is facing charges of money laundering and bribery in connection to an arms procurement program, went missing on Tuesday after removing his monitoring bracelet, Greece's Justice Ministry said.

Oswald, who appeared in an Athens court earlier in the day where his case was being heard, destroyed the device's strap and disappeared, it said.

The car maker, Škoda, views Bulgaria and Turkey as possible locations for their new plant, says German business edition Handelsblatt, citing sources. The company, part of automotive giant Volkswagen, plans to open additional production to meet the ever-increasing demand for its cars.

Belgrade-based daily Politika writes this on Thursday.

Namely, Albanian Prime Minister Edi Rama said two days ago that while Serbian companies are "welcome to Albania" - this is not true when it comes to "a strategic sector like telecommunications."

According to the Serbian government, they discussed "further improvement of economic cooperation, the process of Serbia's Eurointegration and the importance of regional integration."

Brnabic welcomed the new ambassador of Germany, expressing her gratitude for good cooperation so far, both economically and politically.

The International Olympic Committee (IOC) and Allianz today announced that the insurer will join the "Worldwide Olympic Partner" (TOP) Programme in 2021.

German electrical goods chain Media Markt is reconsidering its position in the Greek market after 13 years in the country, as - despite signs of recovery in the local economy - parent company Ceconomy appears to have lost its patience with repeated annual losses by the chain and the failure to expand its market share.

The eurozone economy grew at 0.4 percent in the second quarter, European Union statistics agency Eurostat announced on Friday, as business and other investments rose sharply while net trade was negative.

The closure of the Bosch Siemens Hausgerate (BSH) factory in Piraeus has been put back three years to the end of 2021.

JP Morgan has raised its target price for OTE telecom shares to 14.1 euros, expecting the Deutsche Telekom-owned company to expand further in the domestic market by adding to its broadband connection market share.

On Wednesday OTE's share price on the Athens stock market ended at 10.75 euros.