Economy

Do the almost simultaneous bank crises on the opposite sides of the Atlantic imply a disaster like the Lehman Brothers collapse?

BELGRADE - The Serbian dinar's official median exchange rate against the euro is 117.3161 dinars for one euro on Tuesday, which is a slight change from Monday, the National Bank of Serbia said.

The dinar is steady against the euro m-o-m and up by 0.3 pct y-o-y.

A 23-year-old man from Thessaloniki was convicted to 18 months in jail on Tuesday for stealing the credit card details of a lawyer to buy 10,250-euro-worth of goods from online shopping sites in 2020.

Maybe it was not necessary for the Silicon Valley Bank and Credit Suisse debacles to come along for the winds of uncertainty to blow in the global economy.

They had already been stirred by the war in Ukraine, the energy crisis, and a rise in inflation in the eurozone.

The Greek stock market opened the week with a 2.1% decline in Monday's first few minutes, as a result of the shocking news of Credit Suisse's demise and takeover by fellow Swiss lender UBS, but stocks gradually began to recover and swung back into the black as the session progressed to close with moderate gains in their majority.

Registered unemployment fell 3.2% or by 35,068 persons in February compared with the same month last year and was down 1.5% in comparison with January 2023, official figures showed on Monday.

Acquiring a newly built home is turning into an elusive dream for the vast majority of Greeks.

The main reason is the jump in selling prices stemming from the rising construction costs, but also higher land rates and higher energy efficiency standards that all new properties must now to meet.

Spirit Slovenia, the national business development agency, has been around in its current form for ten years. One of its main tasks is to attract foreign direct investment. Its director Rok Capl says it was successful in that last year despite a challenging international environment.

Against the backdrop of this month's global financial system turmoil, Greek banks announced results that show that the chapter of losses from the management of bad loans has been closed for good and they are now focusing on the qualitative improvement of their profitability.

Thousands of protesters filled downtown Lisbon on March 18 to demand higher wages and pensions, as well as government intervention to cap soaring food prices they say are strangling already tight budgets.