Financial economics

The social insurance for pension plans and unemployment is impossible at this stage, said Bulgaria's Minister of Labour and Social Policies Hasan Ademov.

The proposal for one percent increase in the sums deducted for pensions and unemployment benefits was made by one of Bulgaria's major trade unions, KNSB, last week. 

BELGRADE - A USD 100 million loan from the United Arab Emirates (UAE) will be used for irrigation projects that are ready, Serbian Agriculture Minister Dragan Glamocic, announcing the arrival of an additional USD 100 million tranche loan for irrigation by the end of the year.

The Financial Crimes Squad (SDOE) has started making some headway with its investigation into a list of Greeks with deposits at a bank in Switzerland after the number of staff assigned to the case was increased from four to 16.

Piraeus Bank’s planned bond issue will be the first public debt sale from a Greek lender since 2009 when the first cracks started to appear in the nation’s finances, according to UBS AG.

Bulgaria's Finance Ministry has picked a consortium of three banks, JP Morgan, Citibank and HSBC, to sell government bonds worth BGN 3 B on international markets.

A set of amendments to the Consumer Loan Act passed first reading in Bulgaria's Parliament.

The legal changes, put forth by Yordan Tsonev, MP from liberal party Movement for Rights and Freedoms (DPS) and Rumen Gechev, MP from the Bulgarian Socialist Party (BSP), were approved with 99 votes in favor, 4 votes against and 7 abstentions, according to reports of dnevnik.bg.

BELGRADE - The government of Serbia made a unanimous decision late on Wednesday to approve the USD 1 billion loan from the United Arab Emirates.

Owing to the loan, Serbia will save USD 40 million annually, or approximately USD 400 million over the period of ten years, Finance Minister Lazar Krstic pointed out.

BELGRADE - Serbian Prosecutor's Office for Organized Crime has indicted six persons for crimes that caused the loss of RSD 3.5 billion to the Development Bank of Vojvodina (RBV).

FRANKFURT - George Soros wants to invest in Europe’s financial sector, according to a German magazine’s interview with the billionaire investor on Sunday.