Economy

BELGRADE - The National Bank of Serbia (NBS) Executive Board decided on Thursday to raise the key policy rate by 25 bp to 5.75 pct, keeping the deposit facility rate at 4.50 pct and raising the lending facility rate to 7.0 pct.

Police on Thursday was searching for a man who robbed a foreign currency exchange in western Athens on Wednesday, removing thousands in different currencies.

The suspect, who had covered his features, entered the store at around 7 p.m., pretending to be an employee of a courier company. He then pulled a pistol and pointed it at the teller demanding money.

BELGRADE - The Serbian dinar's official median exchange rate against the euro is 117.3040 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 and up by 0.3 pct y-o-y.

Banks are offering transaction packages in the form of monthly subscriptions that can lead to savings ranging from 7 to 44 euros a month.

The Greek bourse appears to have stemmed the outflow of funds seen at the start of the week and is preparing for its next move upward, after another session - on Wednesday - where blue chips rebounded, with the exception of banks. Reports by foreign firms, such as that by Jefferies, indicate that there is more to come from where the January and February momentum came from.

The process of Ukraine's accession to the EU will progress "much faster" than usual, predicts Margrethe Vestager.

Cryptocurrency has generated consistent, and sometimes shocking returns over the past year. Since the first cryptocurrency emerged back in 2009; there has been rapid growth of the digital asset and we have seen the emergence of numerous other cryptocurrencies. There are over four thousand cryptocurrencies today, and more are being created constantly.

Torn down by growing debt and a barrage of crises, leaders of the world's poorest countries have stepped up calls for the rules governing handouts of billions of dollars to be rewritten.

Western nations gave out more than $185 billion in grants and cheap loans in 2021, according to the OECD. Official development assistance is one of the pillars of the international financial system.

Frigoglass on Monday announced it has reached a compromise agreement with a bondholders' commission on the restructuring and recapitalization of the group.

The Greek stock market came off the day's lows on Tuesday to contain its losses as a number of blue chips reacted after Monday's plunge to avoid a further decline that could have even put the 1,000-point level at risk for the market's benchmark.