Political Briefing #19/2016

POLITICS & POLICY

Bulgaria – Merger: Greece and Bulgaria

Postbank, the Bulgarian subsidiary of the Greek Eurobank, successfully concluded the acquisition agreement for the operations of the Bulgurian branch of the Greek Alpha Bank. Thanks to the acquisition and taking into consideration loans and deposits, Postbank (known as Eurobank Bulgaria) officially becomes the fourth largest bank in Bulgaria. The two banks will offer to Bulgarian market high quality services and modern banking products.

Source: Novinite, 2/02/2016


THE STATEMENT

“We must face together the humanitarian consequences of our decision. The country which we must support in particular is Greece. (…) A test of our European-ness will be, on the one hand, going back to Schengen, and on the other (having) a readiness to stand by Athens during these hard times (…) It is natural that important decisions are taken in the capitals but we need to make sure that these decisions are coordinated so they are effective, reinforce each other instead of eroding trust further”.

Donald Tusk, EU president

Source: The Local, 2/03/2016


NUMBERS

BGN 961

The surplus in millions of the Bulgarian budget at the end of February.

Source: Novinite, 1/03/2016

€14.9

The number of billion in unpaid tax that Italy recovered in 2015.

Source: The Local, 1/03/2016


Photo credits CC: European People’s Party

 

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