Financial economics

Cyprus is seeing a promising reduction in its public debt, with figures suggesting a return to 2019 levels. The debt stood at 22.3 billion euros by the end of 2023, showing a slight decrease from €22.4 billion in September of the same year. Notably, the debt had reached €23.8 billion last June.

BELGRADE - The National Bank of Serbia (NBS) Executive Board decided on Thursday to keep the key policy rate on hold at 6.50 pct and the rates on deposit (5.25 pct) and lending (7.75 pct) facilities were also kept unchanged.

BELGRADE - Quoting figures released by the national statistical office, the National Bank of Serbia (NBS) said on Tuesday Serbian y-o-y inflation had decelerated further, measuring 5.6 pct in February, in line with the its expectations.

The placements of Greek listed companies have proven a goldmine for investors, who enjoy profits of over 30% in a very short period of time.

The state's revenues from its divestment from Piraeus Bank come to 1.35 billion euros. The public offer for 27% of the bank attracted bids of €10.7 billion in the upper range of the offer price, which was set at €4 per share.

Türkiye's short-term external debt stock stood at $174.4 billion at the end of December, indicating an increase of 17.2 percent compared to the end of 2022, the Central Bank has said.

Consumers in Greece and worldwide feel even more financially stressed, despite the de-escalation of inflation, which, in fact, is expected to continue, pointing to a limited increase in consumption according to the first indications for 2024.

Τhe work to tame inflation in Turkey - namely through interest rate hikes - will continue "with determination," the country's new central bank chief said Thursday, offering some certainty about efforts to right the battered economy following his precedessor's surprise resignation.

BELGRADE - The National Bank of Serbia (NBS) Executive Board decided on Thursday to keep the key policy rate on hold at 6.50 pct, the central bank said.

In a statement, the NBS said the deposit (5.25 pct) and lending facility (7.75 pct) rates also remained unchanged.

In a recent announcement, the Bulgarian National Bank has confirmed that the base interest rate for February will stand at 3.79%, maintaining the status quo from January. This decision follows a marginal reduction of 0.01% made in December 2023.