Finance

Deep in denial

The main opposition party is so eager to get its hands on the helm of government it is ignoring terse warnings from our international partners as it tries to reassure everyone that it has worked things out with the country?s creditors and that the cavalry is marching up from the south of Europe.

Turkish Central Bank should 'immediately' cut interest rates, says minister

The Turkish Central Bank should immediately cut interest rates, Economy Minister Nihat Zeybekci said on Jan. 13, citing the country's inflation target of 5 percent this year.

A vocal critic of the Central Bank's policies, Zeybekci told broadcaster A Haber in an interview that rates could be cut to as low as 6 percent. The bank's one-week repo rate currently stands at 8.25 percent.

Bulgaria's Finance Ministry Successfully Placed 10,5-Year BGN-Denominated GS Issue

Bulgaria's Finance Ministry launched a new 10.5-year BGN-denominated government securities (GS) issue with maturityJuly 14, 2025.

At the auction held on January 12, GS to the amount of BGN 50 million were successfully placed, with the average weighted yield being 3,09%, according to a media statement of the Finance Ministry.

Lending activity down by 2% in 2014

BELGRADE - The total credit debt of legal entities dropped by two percent compared to 2013, while the debt of citizens increased by around nine percent, the Association of Serbian Banks stated on Monday.

The debt per capita arising from loans and leasing services increased from EUR 834 in 2013 to EUR 861 in 2014.

Fitch affirms Serbia's credit rating at B+

BELGRADE - The Fitch Ratings credit rating agency has affirmed Serbia's B+ credit rating, the Public Debt Administration announced on Monday.

Serbia's credit outlook remained stable, the Public Debt Administration said on its website.

In January last year, the agency downgraded Serbia's rating from BB - with negative outlook to B+ with stable outlook.

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