Dividend

Pensioners from the Shareholders Fund of Civilian Employees (MTPY) could face further 50% slashes to their dividends in a move aimed at affecting 285,000 pensioners. Hence, the pensioners of this fund could see their dividends drop from 136 euros to 68 euros.

Turkey?s current account deficit, among the biggest in emerging markets, was a wider-than-expected $3.4 billion in April, though below March levels, mainly due to the rise in the outflow of capital, which also included the dividend transfers, data from the Central Bank showed on June 11. 

President Klaus Iohannis has signed on Thursday the Decree for the promulgation of the Law on the stimulation of individual investors - business angels.

Photo credit: (c) Business Angels Romania Facebook page

By Anestis Dokas

The government appears to be eyeing the 850 million euros in cash reserves belonging to the five listed state corporations in its mission to secure enough liquidity to cover its May obligations.

Komercijalna bank increases market share

BELGRADE -- Komercijalna Banka (bank) AD Beograd "continued to successfully operate in 2014 and accomplished all its objectives set in the Strategy and Business Plan."

The bank reported an increase in volume of operations of RSD 42,5 billion or 12 percent, which provided it with a market share of approximately 13 percent.

TeliaSonera and the other shareholders in Turkcell Holding have agreed to propose to the General Assembly meeting of Turkcell that the largest mobile company in Turkey will distribute dividends, which is calculated at around 4 billion Turkish Liras.

Hellenic Exchanges SA announced on Monday that its earnings before interest and tax in 2014 amounted to 16.7 million euros, versus 24 million euros in 2013.

Its net profit reached 21 million euros against 32.3 million euros a year earlier, and its total consolidated revenue came to 45.1 million euros versus 79.9 million euros in 2013.

The Romanian capital market is the fastest evolving in Europe, Bucharest Stock Exchange (BVB) CEO Ludwik Sobolewski told the 'Romania Investor Day' conference taking place in London.

Photo credit: (c) Alex TUDOR / AGERPRES PHOTO

Banking Regulation and Supervision Agency (BDDK) decided late Feb. 3 that 63 percent of the privileged shares that make up the executive board of Bank Asya should be controlled by the Saving Deposit Insurance Fund (TMSF). This decision has been made according to Article 18 of the Banking Law.

Greece’s OPAP, Europe’s second-biggest gambling firm based on market value, posted on Tuesday a 26 percent rise in third quarter profit, boosted by new games and cost cuts.

Net profit rose to 55.9 million euros from 44.4 million euros in the same period last year. The figure was at the high end of analysts’ forecast in a recent Reuters poll.