Euro

Fitch Ratings has affirmed the Bulgarian Energy Holding's long-term foreign currency issuer default rating (IDR) and long-term local currency IDR at 'BB+' with a stable outlook.

According to a statement of the Agency, BEH's EUR 500 M bond has been affirmed at foreign currency senior unsecured rating 'BB+'.

Piraeus Bank's comeback to the public bond market – the first from a Greek bank in over four years – has fueled hopes that its lenders are on the road to recovery, but capital demands are looming as the next big challenge.

By Emelia Sithole-Matarise

Greek yields fell sharply on Tuesday after Athens and international lenders struck a deal to unlock the next tranche of emergency loans following protracted negotiations.

Cyprus Finance Minister Harris Georgiades told the country’s national broadcaster on Monday that he expects all domestic capital controls to be lifted by the end of spring.

By Martin Santa

Euro zone consumer inflation returned to its lowest ever annual pace in February, revised data showed on Monday, slowing down to the same rate that triggered a surprise interest rate cut by the European Central Bank in November.

Members of Parliament who may be considering voting against the proposed bill outlining the likely deal between the coalition government and the country’s partners and creditors – the European Union, the European Central Bank and the International Monetary Fund – ought to properly consider the effects that their decision could have.

Central bank sells EUR 40 million

BELGRADE -- The National Bank of Serbia (NBS) sold EUR 40 million on the foreign exchange market on Thursday.

This kept the exchange rate at RSD 115.9574 for EUR 1 for the fifteenth day in a row on Friday.

European Central Bank funding to Greek banks dropped by 2.5 billion euros to 60.72 billion euros at end-January from the previous month, the Bank of Greece said on Friday.

Emergency liquidity assistance (ELA) from the Greek central bank, by contrast, rose in the same period, to 10.12 billion euros from 9.79 billion, the figures showed.

[Reuters]

Key interest rate remains unchanged

BELGRADE -- The Executive Board of the National Bank of Serbia (NBS) decided on Thursday to keep the reference interest rate unchanged at 9.5 percent.

The board stated that the inter-annual inflation rate returned to the limits of the target inflation in January 2014 as NBS had announced earlier.

B0ELGRADE - The Executive Board of the National Bank of Serbia (NBS) decided on Thursday to keep the reference interest rate unchanged at 9.5 percent and stated that the inter-annual inflation rate returned to the limits of the target inflation in January 2014 as NBS had announced earlier.