Deutsche Bank

Bulgaria is seeking to raise some EUR 1.3 B in new loans from foreign banks by end-2014 to finance budget deficit and provide liquidity support to banks, Reuters reported on Tuesday.

 Ex-Deutsche Bank CEO Josef Ackermann outlines where the eurozone got it wrong and right

By Costas Karkagiannis

Former Deutsche Bank CEO Josef Ackermann has been nominated as chairman of Bank of Cyprus, its US-based investors Wilbur Ross and Tyrus Capital said on Monday.

Romania is a national and regional market where big international companies confidently invest, which is the best signal the country could get, Prime Minister Victor Ponta claimed on Friday, attending the event of rebranding Romtelecom & Cosmote Romania as Telekom Romania.

By Yiannis Papadoyiannis

The clock is ticking ahead of the release of the European banks’ stress test results, and executives at local lenders are displaying reserved optimism regarding the outcome of the exercise.

Domestic bank officials say that the high readings of their capital adequacy ratios create a safety cushion that could absorb the impact of the adverse scenario.

Ex-finance minister "to set up consulting firm"

BELGRADE -- Former Finance Minister Lazar Krstić will help prepare a budget review, and then set up his own consulting firm with his closest associates, reports a daily.

The former minister of finance stays in Serbia, but will go into business for himself Krstić to found a consulting agency

BELGRADE: The former minister of finance Lazar Krstić will be assisting in preparations for balancing the budget, but will found his own consulting agency together with his closest associates after that, Blic sources claim

 Finance Ministry will likely issue a three-year bond, hoping for an interest rate that will not exceed 3 pct

By Sotiris Nikas

The Republic of Cyprus has started marketing its first post-bailout public debt sale with a yield in the 5 percent area, according to a lead.

The June 2019 transaction is expected to take place on Wednesday.

Deutsche Bank, Goldman Sachs, HSBC, UBS and VTB Capital are arranging the sale.

Just like they forecast economic variables, and even asset prices, economists are now trying to predict who will win the World Cup. For example, professional services network PricewaterhouseCoopers (PwC) uses an econometric model to estimate the relative strength of each country participating in the World Cup.