Economy

President Pavlopoulos: The austerity policy leads eurozone on the brink of a monetary suffocation

The austerity policy has led the eurozone on the brink of an economic crisis and a monetary suffocation,” President of Hellenic Republic Prokopis Pavlopoulos said on Friday during the Delphi Economic Forum, held at the European Cultural Centre of Delphi.

Bulgarian Energy Minister Foresees Decrease in Electricity Prices

Bulgarian Energy Minister Temenuzhka Petkova is predicting a possible decrease in the prices of electricity due to the falling prices of natural gas.

In an interview for the Bulgarian National Television (BNT) on Friday, Petkova said that the expected decrease in the price of natural gas is slightly above 20 %.

Russia's S7 Airlines Mulls Acquiring Stake in Bulgarian Air Carrier

Russian company S7 Airlines is considering a possible entry into the shareholding structure of an unnamed Bulgarian air carrier to conduct flights from Moscow to Europe via Ukraine, TASS reported on Thursday.

There are several Bulgarian airlines operating in the market which could be sold, the Russian news agency quoted S7 Airlines co-owner Natalia Fileva as saying to reporters.

IMF revises Turkey's growth forecast for 2016, warns of 'highly vulnerable' world economy

The International Monetary Fund (IMF) has upgraded its 2016 growth forecast for Turkey by 0.3 points in a report released on late Feb. 24, while the organization has pointed out a weakening global recovery, with the world economy "highly vulnerable" to adverse shocks. 

Serbia's Supreme Court to Sit on Tsvetan Vasilev's Extradition Request on March 16

The Supreme Court of Serbia postponed its sitting on the request for the extradition of the Bulgarian businessman and majority owner of insolvent Corporate Commercial Bank (KTB), Tsvetan Vasilev to March 16.

Vasilev was expected to appear before the court in Belgrade on Wednesday in connection with the request of the Bulgarian prosecutor's office for his extradition.

Pages