Eurozone crisis
Double challenge for Greece – IMF repayment, exit from supervision
The government is seeking the early repayment of the loans received from the IMF under the Memoranda, but also the faster exit from the regime of enhanced post-memorandum supervision in 2022.
Bulgaria Issues EUR 100 Million Worth of Internal Debt
100 million euros worth of internal debt in government bonds is being offered to investors. This is the first debt issuance since the spring of 2021, and in the term of office of caretaker Minister of Finance Assen Vassilev.
What Fitch and BofA see for the Greek economy – Prospects and risks
International and domestic analysts see positive signs for the course of the Greek economy in 2021, but also in 2022, guided by both the resilience of GDP in the previous quarters, the best of the expected tourism July - August and of course the disbursements of the Recovery Fund.
Home prices rise 2.7 pct in June
The residential price index increased by 2.7 percent in July from the previous month, data from the Central Bank have shown.
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On an annual basis, house prices across Turkey rose by 29.2 percent in the month in nominal terms, while in real terms, the increase was 9.9 percent, the bank said yesterday.
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Romania's H1 current account deficit by 73.44 pct wider YoY
The current account of Romania's H1 balance of payments ran a deficit of 7.040 billion euros, by 73.44 percent higher than in the year-ago period, the National Bank of Romania (BNR) announced on Friday.
Eurobank buys 9.9% stake in Hellenic Bank of Cyprus
The deal makes it the 4th largest shareholder in the Cypriot bank
EU Commission upgrades Slovenia’s GDP growth forecast to 5.7%
Brussels – The European Commission projects that Slovenia’s economy will expand by 5.7% this year, a 0.8-point increase on its May forecast. The outlook for 2020 was slightly downgraded to 5%. The eurozone as a whole is expected to post growth rates of 4.8% and 4.5%, respectively.
FinMin Nazare: Budget measures taken this year - enough to secure adjustment strategy's approval
The budget measures taken this year are enough to secure the European Commission's nod of approval for the adjustment strategy presented in Brussels and the return of the deficit to 3 percent of GDP by 2024, Finance Minister Alexandru Nazare said on Monday at the launch of the Bucharest Stock Exchange - Envisia Boards of Elite partnership dedicated to capital market players.
Recommendation on the Excessive Deficit Procedure in case of Romania, adopted on Friday at the ECOFIN Meeting
The Recommendation on the Excessive Deficit Procedure in the case of Romania was adopted on Friday at the Meeting of the Economic and Financial Affairs Council (ECOFIN), in Luxembourg, and our country's commitment is to return to a budget deficit up to 3% of GDP by 2024, according to a press release from the Ministry of Finance.
Housing Prices in Bulgaria Soared by 30 Percent over Decade – Eurostat
Housing prices in Bulgaria have risen by more than 30% since 2010. This is evident from the latest Eurostat data, according to which renting costs for this period increase by nearly 15 percent.