The Serbian government has proposed a new bill to parliament, in a bid to borrow more money from commercial banks. A new loan would amount to USD 400mn.
Posts Tagged ‘commercial banks’
State borrows from commercial banks
November 9th, 2010 |
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Finance Minister Diana Dragutinović says Serbia is borrowing money from ten commercial banks in order to finance the budget deficit. The state will take out loans worth EUR 250mn.
Alda Sigmundsdottir: Fury in Iceland as Disgraced Banking Moguls Request Loan Write-off
July 15th, 2009 |
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This classic case of incestuous nepotism reflects a prevalent trend in the Icelandic commercial sector.
RS, Serbia sign cooperation deal
July 15th, 2009 |
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An agreement was signed in Banja Luka between the Serbian and Republic of Srpska (RS) governments and two commercial banks on Tuesday. The agreement is on subsidizing interest rates for loans needed to purchase non-durables in 2009, including IMT tractors, Fiat Punto cars, furniture and the use of tourism packages.
Japan economic outlook downgraded
July 15th, 2009 |
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Japan’s central bank has said that the worst of the country’s recession is now over, after it decided to keep its key interest rate on hold at 0.1%.
In a statement, the Bank of Japan said that "Japan’s economic conditions have stopped worsening".
It said both industrial production and exports were now starting to improve.
It also said it would continue efforts to improve lending to firms, such as buying corporate bonds from commercial banks, for another three months.
Comments ‘correct’
Despite continuing weakness in consumer spending, the bank expects the Japanese economy to start to recover in the second half of this year.
Japan’s economy contracted at an annual rate of 14.2% between January and March, its sharpest decline on record.
However, recent official figures showed that the country’s industrial output rose by 5.7% in May, compared with April.
Analysts broadly welcomed the Bank of Japan’s comments.
"They are definitely correct when they say the economy overall has stopped worsening," said Nikhilesh Bhattacharyya of Moody’s Economy.
"Industrial production grew probably at a record pace in the second quarter, based on April and May it looks like that." </p
This article is from the BBC News website. © British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.