Eurozone crisis

Greece has repaid its outstanding debts dating back to its financial crisis to the International Monetary Fund, two years ahead of schedule, the country's finance minister said on April 4.

Christos Staikouras hailed the payment as "a very positive development" that would mean significant savings in debt servicing costs.

Inflation in Bulgaria will more than double compared to 2021. From 2.8 percent it will become 6.3%.

This is according to the European Commission's winter economic forecast announced today.

In the inflation table for this year, a higher percentage of our country is projected only for Poland (6.8), Lithuania (6.7) and Slovakia (6.4). Poland is outside the Eurozone.

Luxembourg – EU employment and social affairs ministers met in Luxembourg on Friday to discuss the future of the European Semester, arguing that future economic measures and reforms should take social dimensions into account in a consistent manner.

The government is seeking the early repayment of the loans received from the IMF under the Memoranda, but also the faster exit from the regime of enhanced post-memorandum supervision in 2022.

100 million euros worth of internal debt in government bonds is being offered to investors. This is the first debt issuance since the spring of 2021, and in the term of office of caretaker Minister of Finance Assen Vassilev.

International and domestic analysts see positive signs for the course of the Greek economy in 2021, but also in 2022, guided by both the resilience of GDP in the previous quarters, the best of the expected tourism July - August and of course the disbursements of the Recovery Fund.

The residential price index increased by 2.7 percent in July from the previous month, data from the Central Bank have shown.

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On an annual basis, house prices across Turkey rose by 29.2 percent in the month in nominal terms, while in real terms, the increase was 9.9 percent, the bank said yesterday.

The current account of Romania's H1 balance of payments ran a deficit of 7.040 billion euros, by 73.44 percent higher than in the year-ago period, the National Bank of Romania (BNR) announced on Friday.

The deal makes it the 4th largest shareholder in the Cypriot bank

Brussels – The European Commission projects that Slovenia’s economy will expand by 5.7% this year, a 0.8-point increase on its May forecast. The outlook for 2020 was slightly downgraded to 5%. The eurozone as a whole is expected to post growth rates of 4.8% and 4.5%, respectively.