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.
Top bosses 'failing to understand' Central Bank's inflation policies
The head of Turkey's top business organization has said the continuing rising trend in the inflation rate was not good for the country, while business representatives were "failing to understand" the Central Bank's policies in maintaining the price index.
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.
Moody's cuts Brazil credit rating to junk
Moody's became the third big agency to cut Brazil's credit rating to junk on Feb. 24, citing mounting debt and political instability in Latin America's biggest country.
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J&J pays $72 million for cancer death linked to talcum powder use
Johnson & Johnson (JNJ.N) must pay $72 million to the family of a woman whose death from ovarian cancer was linked to her use of the company’s Powder and Shower to Shower for several decades.
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.
Serbian currency hits new 2016 low against euro
The dinar (RSD) dropped by 0.1 percent against the euro (EUR) on Wednesday, making the official medium exchange rate RSD 123.3738 for one euro.
This is a new 2016 low for the Serbian national currency.
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EU Membership 'No Longer the Big Dream' for Balkan Candidates, Serbia PM Says
Serbia's Prime Minister Aleksandar Vucic has said that the refugee crisis affecting the EU and the possibility of Britain leaving the bloc have made accession to the Union less appealing to Balkan candidate countries, Reuters reported