Economy

The New Democracy party, which is poised to win the June 25 election, is planning for a more flexible pension reduction regime for retirees who still want to work, with the aim of legalizing their employment, but also of staffing businesses that are unable to fill job vacancies with experienced employees.

The European Commission is preparing to create a digital euro, it became clear from a draft law seen yesterday by DPA.

Consumers in Eurozone countries will be able to pay with the digital euro in a variety of ways, for example through their smartphones or smartwatches.

This payment method differs from paying by debit or credit card, DPA notes.

The banking market is witnessing a trend of conversion of mortgage loans that were contracted with a floating interest rate into a long-term fixed interest rate (mainly five years), as the persistence of inflation at high levels continues to make borrowers nervous about the evolution of interest rates after the end of the freeze that banks have implemented.

Foreign investors and Türkiye watchers are keeping a close eye on the steps the new economic team will take in the period ahead.

There are expectations that portfolio inflows in to the country may increase depending on the messages sent out by those at the helm of the economy management.

After eight consecutive sessions of growth the benchmark of the Greek stock market finally yielded some ground on Thursday, though its losses appear too insignificant to deduce any conclusions about an end to the upward momentum at Athinon Avenue.

BELGRADE - The Serbian dinar's official median exchange rate against the euro is 117.2734 dinars for one euro on Thursday, which is a slight change from Wednesday, the National Bank of Serbia said.

The dinar is steady against the euro m-o-m, up by 0.1 pct y-o-y and steady relative to the beginning of the year.

The Greek General Secretary for Tourism Mrs. Olympia Anastasopoulou was in Sofia last week, where she participated in the 68th Meeting of the UNWTO Commission for Europe. The General Secretary met with her Bulgarian counterpart and the two discussed tourism issues between Bulgaria and Greece. Mrs. Anastasopoulou was kind enough to give an exclusive interview for Novinite.com.

U.S. consumer prices barely rose in May and the annual increase in inflation was the smallest in more than two years, though underlying price pressures remained strong.

Spain's BBVA and Bank of Cyprus reopened the market with the issuance of the first euro-denominated contingent convertible bonds (CoCo) since the rescue of Credit Suisse in March, in what is seen as an attempt to restore confidence in the banks' riskiest debt instruments.

Management consultants are more optimistic over the course of the Greek economy, the Hellenic Association of Management Consulting Firms (SESMA) said in a report released on Monday.

The GRe+1 index rose to 42.6% in the first quarter of 2023 from 30.6% in the fourth quarter of 2022, and 26.8% in the corresponding period last year.