International finance

Survey shows pandemic makes cashless payment more popular in Central Europe

Ljubljana – Consumers in five Central European countries, including Slovenia, have been using cashless forms of payment more often since the start of the Covid pandemic. Electronic payment is the most popular in Slovenia, where the majority of the surveyed residents would oblige retailers to offer at least one form of cashless payment.

Citu: In order to have stable currency, you need stable government, not oust own government

Prime Minister Florin Citu stated on Wednesday evening that in order to have a stable national currency, "you need a stable government". Asked at the private TV broadcaster Digi 24 when the euro will reach a 5 RON exchange rate, he answered: "I want to remind you that last year they said it will be 5 RON, but it was not.

Hungary’s OTP bank signs deal to acquire NKBM bank

Ljubljana – The Hungarian OTP Bank Group announced on Monday it had signed a contract to acquire the outright stake in NKBM, Slovenia’s second largest bank. The deal is expected to be finalised in the second quarter of next year as the acquirer is waiting approval from relevant regulatory authorities.

Current account registers $2.9 bln gap in June

Turkey's current account balance posted a deficit of $2.93 billion in June, slightly down from the market expectation, according to the Turkish Central Bank data on Aug. 14.

The June figure widened by $2.8 billion from the same month last year, data showed.

The country's 12-month rolling deficit totaled at $11.1 billion, the bank said.

Current account deficit shrinks in March, y-o-y

Greece's current account balance showed a smaller deficit in March compared to the same month last year, on the back of improved trade and primary income account balances that offset a smaller services surplus, the Bank of Greece said on Thursday.
Central bank data showed the deficit at 1.106 billion euros from a deficit of €1.538 billion in March 2019.

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