Economy
Major increase in card fraud
The growing use of plastic money by Greek consumers for transactions in brick-and-mortar stores or e-commerce is strengthening the appetite of certain people for intercepting card details and embezzling larger amounts.
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Jovic: FDI inflow in first four months of 2023 at 1.2 bln euros
BELGRADE - National Bank of Serbia (NBS) Vice Governor Zeljko Jovic said on Wednesday Serbia had registered a FDI inflow of 1.259 bln euros in the first four months of this year, or 66 pct more y-o-y.
Czech startup wins Podim Pitching Competition
Hedepy, a Czech company providing rapid access to online psychotherapy, was chosen the best startup at an international business conference in Maribor on 17 May in a competition of 135 startups from 18 countries.
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The unlikely estate agents
Banks have entered the market for selling or even renting real estate, disposing of real estate they already own. This disposal is done through websites they have created and on which they upload privately owned properties acquired through auctions, or display properties that are going to be auctioned at the initiative of the bank.
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Dinar-to-euro exchange rate at RSD 117.2855
BELGRADE - The Serbian dinar's official median exchange rate against the euro is 117.2855 dinars for one euro on Wednesday, which is a slight change from Tuesday, the National Bank of Serbia said.
The dinar is steady against the euro m-o-m, up by 0.2 pct y-o-y and steady relative to the beginning of the year.
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Strong Q1 for Cyprus’ economy
The Cypriot economy maintained strong momentum in the first quarter of 2023 with real GDP registering an annual growth rate of 3.4%, marking signs of a slowdown against the backdrop of the uncertain external environment and the restrictive monetary policy by the European Central Bank in a bid to wrestle inflation under control.
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EBRD forecasts 2.5 percent growth for Turkish economy
The European Bank for Reconstruction and Development (EBRD) has predicted in its latest Regional Economic Prospects report that Türkiye's earthquake-hit economy will grow 2.5 percent in 2023.
This was lower than the 3 percent growth GDP expansion forecast in the previous report.
The Turkish growth is expected to bounce to 3 percent in 2024, according to the developments bank.
China economic data miss expectations
China's economic data for April missed expectations last month, official figures showed yesterday, as low demand and high youth unemployment led to a patchy recovery after lifting strict COVID rules.
Retail sales - a key indicator of domestic consumer activity -- grew 18.4 percent on-year, data released by the National Bureau of Statistics (NBS) showed.
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Mytilineos nears green energy deal in North America
Mytilineos is close to reaching an agreement on green energy in North America, Evangelos Mytilineos, chairman and CEO of Mytilineos Energy & Metals, told Bloomberg TV on Tuesday.
In an interview, Mytilineos said that the framework in North America is very attractive and noted that in Europe the system is more bureaucratic and things move more slowly.
ATHEX: Benchmark closes at 9-year high
The market's growing optimism about political stability in Greece after the elections and the favorable views on Greek banks by foreign firms contributed to a significant rebound of local stocks on Tuesday that sent the Athens benchmark to levels unseen in nearly nine years. The price rise also came with an increase in turnover, which approached 100 million euros.
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