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.
Milan Eurogroup to discuss progress of Greek reforms
Eurozone officials were to meet in Milan on Friday for an unofficial summit where the progress of Greece's economic reform drive is expected to top the agenda following negotiations between Greek government officials and the troika in Paris last week.
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.
EU Commission Grants EUR 11.9 B for Transport Projects
The European Commission has invited member states to table projects aimed at improving Europe's transport network, the Commission said in a statement.
This is the biggest sum ever allocated to transport infrastructure.
Member states have a deadline until February 26, 2015 to submit projects.
Exchange rate fluctuations "not cause for concern"
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 Tabaković says.
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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.
Sentix eurozone index slides in September despite ECB measures
Sentiment in the eurozone fell for a second straight month to its lowest level in more than a year in September, suggesting the single currency bloc will fall back into recession, a survey by Sentix showed on Monday.
National Bank top brass optimistic on economy, stress tests
Top National Bank of Greece officials expressed optimism on Friday that the country will emerge from the financial crisis and certainty that Greek banks will grow stronger following the European stress tests.
Euro bailouts cause Germans more angst than Ukraine, poll finds
Germans are much more worried about how the lingering effects of the eurozone crisis will impact their pockets than the risk of getting involved in foreign conflicts like Ukraine, according to an annual survey of German angst released on Thursday.