Economy
Restrictions on retail lending to be eased in July
The Slovenian central bank will relax its restrictions on retail lending in July to make loans more accessible to individuals whose earnings range from minimum to average pay.
The minimum level of creditworthiness, now set at 76% of the gross minimum wage, will be based on the level of essential living expenses, while taking into account certain additional factors.
- Read more about Restrictions on retail lending to be eased in July
- Log in to post comments
OECD: Robust Greek economic growth projected despite headwinds
Greek economic growth will remain robust, with real GDP growth projected at 2.2% in 2023 and 1.9% in 2024, according to the Paris-based Organization for Economic Cooperation and Development (OECD).
Pečečnik aims to create region’s major asset manager
Elektronček, a company owned by one of the wealthiest Slovenians, has completed the acquisition of Primorski Skladi, an asset manager. The plan is to turn it into a leading asset manager in Central and Eastern Europe.
The OECD Forecasts Global Economic growth of 2.7% this year and 2.9% in 2024
The Organization for Economic Co-operation and Development has forecast a weak global economic recovery from the shocks caused by the coronavirus pandemic and the Russian invasion of Ukraine, due to persistently high inflation and the associated restrictive policies of leading central banks seeking to contain price pressures by raising interest rates.
Dinar-to-euro exchange rate at RSD 117.2699
BELGRADE - The Serbian dinar's official median exchange rate against the euro is 117.2699 dinars for one euro on Wednesday, which is a slight change from Tuesday, the National Bank of Serbia said.
The dinar is steady against the euro m-o-m, up by 0.1 pct y-o-y and steady relative to the beginning of the year.
- Read more about Dinar-to-euro exchange rate at RSD 117.2699
- Log in to post comments
Australia lifts key interest rate, flags further rises
Australia's central bank hiked interest rates to an 11-year high yesterday and warned that further rises may be on the horizon to get surging prices under control.
The Reserve Bank of Australia lifted the key rate 25 basis points to 4.1 percent, its highest level since May 2012, with governor Philip Lowe saying inflation had "passed its peak" but was still stubbornly high.
Interest rate spread at Greek banks widened in April
The interest rate spread between new deposits and loans increased to 5.60 percentage points in April, as the weighted average interest rate on new deposits remained almost unchanged at 0.25%, while the corresponding rate on new loans increased to 5.85%, the Bank of Greece said on Tuesday.
ATHEX: Banks reach 1,000-point milestone
Investors unleashed a buying spree at the Greek stock market on Tuesday, after the three-day weekend, with the price growth gathering momentum as the session went along.
- Read more about ATHEX: Banks reach 1,000-point milestone
- Log in to post comments
Kristalina Georgieva: There is no significant slowdown in Lending
"The International Monetary Fund has yet to record enough banks cutting back on lending, and that could prompt the US Federal Reserve to reverse course with the rate hike cycle". This was stated by the managing director of the IMF, Kristalina Georgieva, in an interview with CNBC, quoted by Reuters.
Dinar-to-euro exchange rate at RSD 117.2782
BELGRADE - The Serbian dinar's official median exchange rate against the euro is 117.2782 dinars for one euro on Monday, which is a slight change from Friday, the National Bank of Serbia said.
The dinar is steady against the euro m-o-m, up by 0.1 pct y-o-y and steady relative to the beginning of the year.
- Read more about Dinar-to-euro exchange rate at RSD 117.2782
- Log in to post comments