Euro

Lamda Development and TAIPED sign Elliniko deal

By Vangelis Mandravelis

After signing the 915-million-euro agreement with state sell-off fund TAIPED on Friday, Lamda Development can start preparing to implement its plans for the development of the capital’s old international airport at Elliniko, southern Athens.

The deal is worth over 2 billion euros, including Lamda’s investment.

Zagreb Mayor Released on Bail For 2 Million Euro

The mayor of the Croatian capital has been released from custody after a judge accepted an offer of 2 million euro in bail.

Earlier this month, Bandic offered a house worth around 750,000 euro for his release from detention.

Eleven others arrested in the same case have also been released from custody with bails ranging from 13,000 to 587,000 euro.

C-Bank: Changes to Deposit Insurance Bill Contravene Currency Board

The Bulgarian National Bank (BNB) has warned against proposals to amend the Law on Bank Deposits tabled by the socialist opposition.

In a statement to the media the BNB said Thursday the idea to secure additional money for the Bulgarian Deposit Insurance Fund to withstand a crisis is not in line with the principles of the currency board and also the rules of the European Union.

Pages