European Union

Eurogroup chief says troika all-clear must precede next decisions about Greek economy

Greece will have to get the troika review due to begin at the end of the month out of the way before it and its lenders can begin assessing issues such as a third bailout and debt relief, Eurogroup chief Jeroen Dijsselbloem said Friday after a meeting of eurozone finance ministers in Milan.

Serbia’s FX reserves stand at EUR 10.9 bln at end-August

BELGRADE - The foreign exchange (FX) reserves of the National Bank of Serbia (NBS) amounted to EUR 10,949.2 million at the end of August, covering M1 by 304 percent and more than seven months of imports of goods and services.

The largest inflow to FX reserves, EUR 748.3 million, came from the disbursement of a loan from the United Arab Emirates, the NBS said in a release on Friday.

In talks with Draghi, Hardouvelis expresses opposition to third loan program

In talks with European Central Bank President Mario Draghi in Milan, Greek Finance Minister Gikas Hardouvelis has reiterated the Greek government's opposition to the prospect of a third loan program for the country, which is just beginning to see signs of an economic upturn following a recession exacerbated by four years of austerity.

Tabakovic: Exchange rate fluctuations not cause for concern

BELGRADE - The fluctuations in the dinar exchange rate should not be a cause for concern, Governor of the National Bank of Serbia (NBS) Jorgovanka Tabakovic said, pointing to a stabilizing impact that is already being felt from abroad, and foreign investors' marked interest in Serbia's securities.

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