Economy

British low-cost airline easyJet forecast annual profit growth of up to 14 percent, helped by higher demand for beach holidays which calmed fears it had raised over its outlook.

French farmers protesting over falling food prices threatened to step up blockades of cities, roads and tourist sites on July 22, as the government prepared to unveil emergency aid for them.

Farmers have dumped manure in cities, blocked access roads and motorways and hindered tourists from reaching Mont St-Michel in northern France, one of France's most visited sites.

Sirens sounded this week in the all-important Greek shipping sector, a field where Greek interests traditionally enjoy top international rankings in terms of vessel ownership, revenues, tonnage and annual percentage of transported cargo.

The Troika of Greece’s international creditors from the European Commission, European Central Bank and International Monetary Fund returned to the country to supervise the closure of the 2nd Greek bailout and move forth to the third.

Economy Minister Zeljko Sertic said on Tuesday there was interest in the privatization of Serbia's state-owned telecommunications company Telekom Srbija.

The list of bidders includes both companies and investment funds, he told B92.

Macedonia's Transport Ministry has issued a call to choose a consultancy firm tasked with coming up with the best privatization model for the national postal service, Makedonska Posta AD.

Standard & Poor’s on Tuesday upgraded Greece’s sovereign credit rating to CCC+ from CCC-, with the ratings firm going further and revising the country’s outlook to stable from negative.
In a statement, S&P said it believes the possibility of Greece leaving the euro zone by 2018 (Grexit) has fallen to lower than 50 percent, although adding that the risk “is still high.”

The trade union of Elektroprivreda BiH, one of the two power companies in Bosnia's Federation entity, has warned of imminent strike action if the government goes ahead with a plan to cut their salaries.

PayPal Holdings Inc shares jumped as much as 11 percent in their highly anticipated return to the Nasdaq after more than a decade in eBay Inc's fold on July 20, valuing the digital payment processor at about $52 billion.

Türk Eximbank has signed syndicated loans worth 500 million euros with the participation of 26 banks, it announced in a written statement on July 21. 

Türk Eximbank, the official export credit agency of the Turkish government and Turkey?s major export incentive instrument, thus refinanced transactions worth 330 million euros that were due on July 16, the statement added.