Financial services

BELGRADE - London-based investment fund Mid Europa Partners purchased the Danube Foods Group (DFG) for EUR 575 million, the companies released on Tuesday.

BELGRADE - Serbia's Finance Minister Dusan Vujovic has said that all banks and their clients with savings accounts will have to put some of their money into the Deposit Insurance Fund in the future, adding that the fund will mostly have independent members of the management board.

BELGRADE - Governor of the National Bank of Serbia (NBS) Jorgovanka Tabakovic said on Friday that the proposed amendments to the Law on Banks would contribute to better protection of depositors and creditors of banks which are experiencing problems in their conduct of business while requiring minimum budget expenditures.

Ivan Iskrov, Governor of the Bulgarian National Bank (BNB) has submitted to Parliament a proposal for the appointment of Dimitar Kostov as head of the Bank Supervision unit of BNB.

The proposal was tabled at around 4 pm on Thursday, according to the press office of BNB, as cited by Darik radio.
Kostov is currently member of the Managing Board of BNB and heads its Banking unit.

BELGRADE - The Serbian parliament's Committee on Finance, State Budget and Control of Public Spending adopted a set of seven new bills aimed at improving the situation in the financial sector on Thursday.

BELGRADE - The Serbian government adopted on Tuesday a bill on bank and insurance company bankruptcy and liquidation, which aims to establish a stable, sustainable and functional banking system in Serbia and set up a new system of jurisdiction and responsibility for key institutions in the country.

The second round of consultations on the parameters of Bulgaria's pension reform will take place on Tuesday.

Several new ideas emerged after the initiation of the consultations a week ago, electronic daily Dnevnik reports.

Bulgaria's Finance Ministry reversed its decision regarding the social insurance contributions of newly insured persons.

BELGRADE - The management board of the Association of Serbian Banks (UBS) discussed on Friday the situation in the Serbian banking sector, with particular focus on the effects of the rise of the Swiss franc.

Bulgaria's Parliament has officially dismissed Tsvetan Gounev from the post of Deputy Governor of the Bulgarian National Bank (BNB).

The dismissal was approved by a unanimous vote on Thursday, with 108 votes in favor.