International economics

BELGRADE - The dinar grew by 0.6 percent on Monday and the official dinar-to-euro medium exchange rate hit its 2015 high of RSD 120.4658, the National Bank of Serbia (NBS) said in a statement.

The NBS purchased EUR 10 million on the interbank foreign exchange market on Friday to curb excessive daily fluctuations of the exchange rate.

Greek Finance Minister Yanis Varoufakis said on Saturday he was confident his country's EU and IMF partners will accept a list of reform promises that the government must produce by Monday.

Serge Schmidt, General Manager Bulgaria and Greece at Italcementi Group, has won the contest in the Business section of the 2014 Personality in the News, a poll conducted by Novinite.com.

Under the management of Mr. Schmidt, Devnya Cement has won the 2014 Investor of the Year award of InvestBulgaria Agency.

The European Commission on Wednesday said it held a first orientation debate on possible key actions to ensure a fairer and more transparent approach to taxation in the EU.

The President of the European Commission President, Jean-Claude Juncker, has made the fight against tax evasion and avoidance a top political priority of his Commission.

An unusual trend has been the case for the Turkish economy for a couple of years. The country?s outward direct investment has been rising, although it has started to attract fewer FDI.

According to the Central Bank data, Turkey lured around $12 billion of FDI last year, lower than the 2013 figures. Turkey?s FDI inflow has actually been decreasing for a couple of years.

The International Monetary Fund (IMF) and the authorities in Bucharest did not reach a new agreement on Monday. Following the talks, the IMF mission has issued a final declaration addressing major topics of the Romanian economy. AGERPRES reported the content of this document in several separate news; below is a comprehensive compilation.

Finance ministers and central bankers face a tough task coordinating action to spur global growth at G-20 meetings this week, with major economies running at different speeds and monetary policies diverging.

Finance ministers and central bank governors of the world?s 20 leading economies will meet in Istanbul between Feb. 9 and 10 in the first meeting under Turkey?s G-20 presidency.

The head of a new ministry created by the government to crack down on corruption is preparing a barrage of inspections on wealthy Greeks who are unable to justify the source of their income, Kathimerini understands.

Turkish Economy Minister Nihat Zeybekci and Finland's Foreign Trade Minister Lenita Toivakka have signed a Joint Economic and Trade Committee agreement intended to boost bilateral trade and investment.