Economy

G-20 meetings end under the shadow of oil prices

Finance ministers and central bankers of the Group of 20 countries (G-20) covered a number of global issues over the last three days in Istanbul. The G-20 leaders tried to find joint solutions to the economic slowdown in many advanced economies, mainly in the eurozone and Japan, under the pressure of low inflation rates.

Ex-Greek PM threatens action over Falciani's allegations

Former Prime Minister George Papandreou threatened legal action on Tuesday against anyone reproducing an extract from a soon-to-be published book by Herve Falciani, the former HSBC employee who leaked the details of thousands of depositors to authorities, including the Greeks included on the so-called Lagarde list.

Euler Hermes Sees Bulgaria's Growth Picking Up Pace, Opens Sofia Office

France-based trade credit insurance provider Euler Hermes said it has opened an office in Sofia to provide its services to Bulgarian clients.

Euler Hermes Bulgaria will also contribute local business intelligence and underwriting skills to the insurer's international network.

Serbian citizen brought 20 million euros in HSBC in a suitcase

"Swiss Leaks" affair: Serbian tycoons were also hiding money in Swiss HSBC bank Serbian citizen brought 20 million euros in HSBC in a suitcase

Among numerous secret accounts in Swiss bank HSBC there are those belonging to some rich Serbian citizens.

HSBC, the UK's biggest bank, helped rich customers to dodge paying tax by allowing them to set up secret accounts in Switzerland.

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