Finance

The reason for the delay observed in the licensing of companies to manage nonperforming loans - whose applications have risen to 10, up from seven submitted by December - is the particularly demanding institutional framework. Out of the candidate companies, just one has received a license, with the other nine still pending.

Famar, a pharmaceuticals company in the Marinopoulos Group, will be the first Greek firm that US fund KKR includes in its Pillarstone corporate loan restructuring platform.

Famar's inclusion is aimed at restructuring the company's existing loans of 150 million euros, refinancing it with a fresh injection of 40 million euros, and then finding investors for it.

DAVOS - PM Aleksandar Vucic said on Wednesday he expected Bloomberg to be present in Serbia and the region and establish a headquarters in the country.

Vucic met with Bloomberg CEO Peter Grauer in Davos to discuss the company's new projects in Serbia and ways in which it can contribute to reporting on Serbia's economic reforms and attracting new investors to the country.

The Independent Authority for Public Revenue is seeking out the real owners behind shell companies that owe the Greek state huge amounts of money, and a recent verdict by the State Legal Council should facilitate the authorities' search to that end.

According to George Soros, Donald Trump is a “would-be dictator” who will fail and Theresa May will not last because of the Brexit “divorce”.

The 23.7 percent year-on-year increase of insurance activity in November constitutes a clear sign of Greeks' shift toward private insurance in view of the problems in the social security system and public healthcare. It is also a sign of change in the climate of the insurance market from its negative past.

Bank of Cyprus expects modest profitability in the next quarters and will not pay a dividend this year, its chief executive said on Thursday, speaking as its shares were listed on the London Stock Exchange.

The listing in London was a vote of confidence in the City despite Britain's looming exit from the European Union, CEO John Hourican said.

Emerging market stocks fell on Jan. 19 and currencies struggled to make much headway after U.S. Federal Reserve chair Janet Yellen said interest rates should rise steadily, boosting the dollar.

In a Jan. 18 speech Yellen said it made sense to raise rates given that the U.S. economy was close to full employment. 

Deposits in Greek banks' savings accounts dipped below the 50-billion-euro mark in November for the first time since capitals controls were imposed in June 2015, Bank of Greece data show.

Prime Minister Aleksandar Vucic met in Davos with Director of Bloomberg Peter Grauer, with whom he talked about "new projects" of the company in Serbia.

The Serbian government said this on its website.