Money
Greek yields slide after PM comments on inclusion in ECB QE
Greece's borrowing costs slid on Monday, after a cabinet reshuffle boosted sentiment and the country's prime minister raised the possibility that Greek bonds could be included in the ECB's bond-buying scheme early next year.
Gov't plan to settle smaller corporate debt
The government is putting forward a plan that would allow small enterprises and self-employed professionals to settle debts to social security funds of up to 20,000-30,000 euros.
- Read more about Gov't plan to settle smaller corporate debt
- Log in to post comments
State's expired debts are a bottomless pit
The debts of the Greek state are continuing to mount, even though the Finance Ministry started paying its expired debts in the third quarter of the year.
- Read more about State's expired debts are a bottomless pit
- Log in to post comments
Time to extend loan terms as interest rates slashed in Turkey, leading banker signals
Turks will likely witness an extension of loan terms after a series of interest rate cuts by almost all banks, according to a leading banker, who noted that lenders would continue to support the economy.
Plan for protected corporate bank account falls through
The government and the country's creditors are seeking ways of persuading enterprises to install point-of-sale terminals and use them for most of their transactions with customers.
Greece's Piraeus Bank appoints new board chairman
Piraeus Bank, Greece's largest lender, has appointed George Handjinicolaou as its new board chairman, it said on Tuesday.
Handjinicolaou, who is taking over immediately, was most recently deputy chief executive officer at the London-based International Swaps and Derivatives Association (ISDA), Piraeus said in a statement.
- Read more about Greece's Piraeus Bank appoints new board chairman
- Log in to post comments
EUR 12 M in Counterfeit Bank Notes Found in Bulgarian Dam
Nearly EUR 12 M in counterfeit bank notes have been discovered near the village of Lenovo in Bulgaria during a specialised operation of the Prosecutor's Office, the State Agency for National Security (DANS) and the police.
This was announced at a press conference in Plovdiv attended by the Prosecutor General Sotir Tsatsarov.
Card and Payment Industry on the Rise in Bulgaria
According to a new report, the proliferation of payment cards in circulation nationwide grew 2.08% annually from 2009 to 2013, resulting in a figure of USD 8.5 M 2013. Thanks largely to increased awareness and new technologies such as contactless cards, the average transaction value also increased to USD 85.5 (15th in Europe).
- Read more about Card and Payment Industry on the Rise in Bulgaria
- Log in to post comments
Seamen announce 24-hour strike on November 24
The union representing Greek seamen, PNO, on Tuesday announced a 24-hour strike for Thursday, November 24, which means that there will be no passenger ferry services to and from the Greek islands or Italy.
- Read more about Seamen announce 24-hour strike on November 24
- Log in to post comments
New 50-euro supplementary pension hike takes effect on November 2
248,000 pensioners eligible for ancillary pensions will see their bank accounts diminished by 50 euros, starting Tuesday, November 2, as the retroactive retention kicks in.