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EBRD: Flood damage to Serbia EUR 1.5-2 billion

LONDON - The devastating floods in Serbia and Bosnia and Herzegovina have already damaged their economies and will hit growth and inflation in the future as well, believes the European Bank for Reconstruction and Development (EBRD), adding that some very rough preliminary estimates put the damage in Serbia at around EUR 1.5-2 billion.

Is the climate changing?

The separate meetings with Turkish and Greek Cypriot negotiators held by French Foreign Ministry executives in Paris created some nerve on the Greek Cypriot side. In the very near future, negotiators Kudret Özersay and Andreas Mavroyannis will travel to London, for talks at the foreign office there…

Stiff sentences handed out over structured bond scandal

Stockbrokers, finance executives, bank officials and pension fund managers are among the 13 people who were handed jail sentences of up to 25 years on Thursday for their part in the 2007 sale of 280 million euros in structured bonds that led to the funds paying around 20 million euros over the odds for the paper.

British Prince on Private Visit to Transylvania

Already a regular visitor to Romania’s Transylvania region, Prince Charles on Wednesday started his latest tour there by visiting the Gothic 14th-century Black Church built by the Germans in the city of Brasov.

Prince Charles also visited the St Nicholas Orthodox church and a museum in Brasov, according to news agency Agerpres.

Bulgaria Among Favorite Summer Vacation Spots of Russians

Bulgaria is on the top 10 list of most preferred summer vacation spots for Russian tourists, who do not travel in organized groups, reports Interfax. 

The top three positions are taken by Spain, Italy and Portugal. The list is completed by Greece, Turkey, Bulgaria, France the Czech republic, Germany and Great Britain. 

Investor relief offsets adverse sell-off news

A Council of State decision that raises obstacles to the privatization of the Athens Water Company (EYDAP) and the election of a new Piraeus mayor who is against the sale of the OLP port authority failed to dampen investors’ relief on Monday at Greece’s European and local election results, which appear to have reduced the chances of an early general election, for now at least.

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