Money

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.

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).

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