Finance

Turkey's Central Bank trimmed its key interest rate by 25 basis points Feb. 24, taking action in the face of falling inflation and prompting a government with one eye on a June parliamentary election to call for steeper cuts.

Montenegro's parliament is due to debate a law on converting increasingly expensive loans in Swiss francs into loans in euro.

The law aims to help hundreds of borrowers who have been hit hard by the Swiss currency's sharp appreciation in January.

The EU considers the list of reforms submitted by Greece to be "sufficient" and satisfactory, sources say.

This comes shortly after the Commission reported it had received Greece's reform "on time."

List of reform measures of Greek government received on time.

? Margaritis Schinas (@MargSchinas) February 24, 2015

Former Finance Minister Giorgos Papaconstantinou is expected to face a special court on Wednesday in Athens over charges of allegedly tampering with a list containing the names of more than 2,000 Greeks with cash deposits at a Geneva branch of HSBC in an effort to remove the names of three of his relatives.

BELGRADE - The National Bank of Serbia (NBS) announced on Monday that it will launch an initiative aimed at improving the framework for resolving the issues of problematic banks, and taking action with a view to solving the issue of the high level of problematic loans.

The Abraaj Group, a leading investor operating in global growth markets, on Feb. 23 announced the acquisition of a minority stake in Hepsiburada.com, a market leader in Turkey?s online retail sector.

The Turkish Constitutional Court has approved Turkish ??bank?s appeal on a tax conflict with the tax authority and decided the amount of tax, penalties and default interest which was paid by the bank should be paid back to it as compensation with its legal interest.

Turkey?s foreign liabilities have jumped by $41 billion while the rise in its foreign assets remained at $4 billion, revealing the vulnerabilities of the country The ?equilibrium? situation in countries? relations with global economy has vital significance.

By Prokopis Hatzinikolaou

Austrian Finance Minister Hans Joerg Schelling was quoted by a newspaper as saying Greece must complete its current bailout package before any new program can be agreed, in comments which his ministry said came before he saw Greece's latest loan request.