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29th Mar 2024

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Greek businesses look to relocate to Bulgaria

Up to 60,000 Greek firms are considering whether to relocate their business to Bulgaria following weeks of capital controls and economic turmoil, according to the Bulgarian Industrial Capital Association. Greek firms have faced difficulties in paying suppliers and now face an increase in corporation tax to 29 percent.

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Opinion

EU Modernisation Fund: an open door for fossil gas in Romania

Among the largest sources of financing for energy transition of central and eastern European countries, the €60bn Modernisation Fund remains far from the public eye. And perhaps that's one reason it is often used for financing fossil gas projects.

'Swiftly dial back' interest rates, ECB told

Italian central banker Piero Cipollone in his first monetary policy speech since joining the ECB's board in November, said that the bank should be ready to "swiftly dial back our restrictive monetary policy stance."

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