Euro
Schaeuble’s death as a challenge for reflection
Without Wolfgang Schaeuble's strong political presence, it is doubtful that the eurozone would have been able to face the monumental challenge of an economic crisis within its own borders and, above all, cope with the Greek crisis by taking initiatives that went beyond the narrow framework of the Treaties and required the allocation of hefty funds.
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Bond yields point to prestige in market
The yield of the Greek 10-year bond, the benchmark of the Greek debt market, has now dropped below 3%, at the lowest levels since April 2022, when the main interest rate of the European Central Bank was still at negative levels.
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Government Greenlights New Law Paving Bulgaria's Path to Eurozone Entry
The Bulgarian government has given its nod to a brand-new Law on the Bulgarian National Bank (BNB), specifically designed to facilitate Bulgaria's seamless integration into the Eurozone. This legislation, set to replace the existing law upon the country's adoption of the euro as its official currency, received approval during the Council of Ministers' meeting today.
Greece in negotiations with Brussels over green shipping
Shipping Minister Christos Stylianides in recent statements to the press revealed that Greece is already in deliberations with the European Commission on the issue of green transition in the shipping sector as an 80-million-euro fund (that may reach up to €500 million) from the National Strategic Reference Framework (NSRF) has been already committed, focusing on how the industry will build gree
The road to restoring Greece’s A credit rating
A significant reduction in the debt ratio, the strengthening of economic resilience, and improvement in Greece's governance indicators are the three essential steps required for the country to fully normalize and regain an A credit rating, as it had before the debt crisis, thus aligning with the average credit rating of eurozone economies. This analysis comes from the Bank of Greece.
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Dinar-to-euro exchange rate at RSD 117.1762
BELGRADE - The Serbian dinar's official median exchange rate against the euro is 117.1762 dinars for one euro on Friday, which is a slight change from Thursday, the National Bank of Serbia said.
The dinar is steady against the euro m-o-m and up by 0.1 pct y-o-y and relative to the beginning of the year.
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Entry Into The Eurozone Has Not Significantly Affected Price Increases In Croatia
Although the residents of Zagreb complain that everything has become more expensive and many explain the increase in prices with the switch to the European currency, the Croatian National Bank said that the entry into the eurozone did not significantly affect the rise in prices, writes the Belgrade newspaper "Politika", quoted by BTA.
Dinar-to-euro exchange rate at RSD 117.1752
BELGRADE - The Serbian dinar's official median exchange rate against the euro is 117.1752 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 0.1 pct y-o-y and relative to the beginning of the year.
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Cyprus bonds hold firm at €6.75 billion
The Eurosystem maintained its holdings of Cypriot bonds valued at 6.75 billion euros as of the end of November, data from the Central Bank of Cyprus have shown.
This stability is attributed to the European Central Bank's ongoing efforts to deleverage its balance sheet as a strategy to curb inflation.
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Draft budgetary plan in line with European Council
The Eurogroup welcomed on Thursday the fact that the draft budgetary plans of Greece and another six countries (Cyprus, Estonia, Spain, Ireland, Lithuania and Slovenia) are in line with the fiscal recommendations of the European Council based on the Commission assessment.
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