Fresh growth for stocks as fears subside

Growing optimism among traders and investors that this month’s elections will not result in a leap into the unknown for the economy, reflected also in statements by Finance Minister Gikas Hardouvelis, gave local stocks fresh impetus on Friday, although turnover remained very low in what was the first session of the new year.

188 companies to be declared bankrupt - minister

188 companies to be declared bankrupt - minister

BELGRADE -- Of some 512 companies that are currently looking for new owners through the Privatization Agency, 188 will be declared bankrupt, Zeljko Sertic has said.

The Serbian economy minister also explained that procedures to sell about 90 companies have been abandoned.

Turkey’s manufacturing PMI eases, employment improves

Turkey’s manufacturing upturn was sustained in the final month of 2014, albeit at a weaker pace, according to the latest Turkey Manufacturing project and manufacturing information (PMI) survey data.

Output, new orders and purchases of inputs all rose more slowly since November, but employment growth for goods producers hit a three-year high.

Turkey welcomes New Year with tax hikes

Turkey welcomed the New Year with hikes on tobacco and alcohol taxes just a few days after announcing increases in fees, stamp taxes and official fines for traffic and tax offences.

According to a statement released in the Official Gazette on Jan. 1, fixed taxes charged on alcoholic beverages, cigarettes and tobacco products have been raised.