Economy

Minutes of the Federal Reserve's late October policy board meeting confirmed Nov. 18 that participants expected to begin raising interest rates in December.

The Serbian dinar (RSD) weakened by 0.2 percent against the euro (EUR) on Thursday, the central bank (NBS) said.

The official middle exchange rate today is RSD 120.8071 for one euro.

Bookkeeping, as an indispensable part of general accounting and taxation, has been employed from its very inception, no matter how primitive it was, as a tool to record financial transactions and other information pertaining to a business entity on a day-to-day basis. The core function of any type of bookkeeping in any period of history has been, unmistakably, to ensure that records regarding e

Non-banking institutions, including financial leasing, factoring and financing companies, increased their consolidated profit by 16.7 percent to 1.35 billion Turkish Liras in the first nine months of the year compared to the same period of last year due to a sharp rise in demand from the real sector. 

Main opposition New Democracy (ND) leader Evangelos Meimarakis attacked the government on the omnibus bill of non performing loans which was “submitted in the middle of the night on emergency procedure after agreeing with the lenders on its translation”.

The Turkish government is seeking to increase the use of Islamic finance for state agencies, state-owned companies and the private sector, a senior treasury official has said.

Turkey currently attracts around 1 percent of global foreign direct investment (FDI) but it has the potential to increase this share three-fold, International Foreign Investors Association of Turkey (YASED) head Ahmet Erdem has said in an interview with Anadolu Agency. 

U.S. President Barack Obama took time off at an Asia-Pacific summit on Nov. 18 for an unusual task - putting questions to Chinese internet billionaire Jack Ma and a young Filipina entrepreneur on government-business ties in a panel discussion.

An agreement was reached between the Greek government and the representatives of the three institutions (EC, ECB, IMF, ESM) that envisages subsidizing installments of mortgage loans for more vulnerable households and debt write-offs for households with an annual income of 35,000 euros and real estate worth less than 230,000 euros.

The special prosecutor's office for organized crime in Montenegro on Wednesday examined two directors of the former state-owned Telekom firm in an apparent breakthrough in the unresolved Montenegrin Telekom bribery case.

The two men are suspected of stealing millions of euro during the sale of the company to Magyar Telekom.