European banks have significantly strengthened their capitals thus capital shortfalls are no longer a problem. But there are other challenges.
The European Union needs institutional stability in a financial supervision, says Andrea Enria, Chairperson of the European Banking Authority.
Healthcare operator IHH Healthcare's indirect subsidiary has proposed the acquisition of Bulgarian Tokuda Group and merging it with Bulgaria’s City Clinic Group for a combined total of RM437m (about EUR60m).
The countries of Central and Southeast Europe have stopped narrowing the gap even with sluggish Western Europe as a result of slower productivity growth and lower capital accumulation in the Western Europe.
Bulgaria wants to cut its fiscal deficit to 0.5 per cent of GDP by 2019 and protect its currency's peg to the euro, its mid-term budget forecast shows.
The Austrian company Habau will complete the remaining 2.1 km of a long-awaited gas interconnector between Romania and Bulgaria by August.
Some of the fastest growing CEE economies have also seen large fluctuations in GDP growth with adverse consequences on unemployment and migration
Brexit would damage the Central and Southeast European region’s sovereign ratings. That appears to be the consensus among analysts.
More tourists coming to Bulgaria each year, with Poland one of the top nations to choose the place as a holiday destination.