European Finance

The fast loans and the payday loans industry is getting high increase for the last few years. The financial institutions are quite flexible and give a lot of more opportunities in comparison with the old standard bank loans. Definitely the main advantages of such loans is the fast and easy approval. Also the institutions give [...]

The online gaming sector is generating strong and good growth during the financial crisis and really increased the market stake in all the other sectors of the business. In any case this growth is because of the recession and financial stagnation of almost whole business world. A lot of people lost their jobs and their [...]

Hardly the European Union countries will agree unanimously to change the contracts in line with the proposals of France and Germany at the upcoming summit. This commented the Finance Minister of Bulgaria Simeon Djankov. The idea of ​​the leaders of France and Germany should be adopted limited amendments to the Treaties of the European Union [...]

The European indexes rose on Friday after the leaders of Germany and France reaffirmed that may soon be announced a comprehensive plan for ending the crisis in the Eurozone. Stoxx Europe 600 rose 0.94 percent to 241 points after four on Thursday cut its daily green wool with a loss of 0.7%. The weekly growth [...]

The international rating agency Moody’s lowered outlook for the Czech banking sector to “negative” from stable as expected slowdown in the European economy. Although the profitability of banks remains high and strengthened capitalization, weaker economy will create new pressures on asset quality and lower future profits of credit institutions, according to the agency. Moreover, the [...]

The European Parliament today voted final size and priority areas of the EU budget for 2012, following the agreement reached between the negotiating team of the Parliament and the Member States on 18 November, said Bulgarian EP press service said on Monday. In its proposals EP focuses on growth, innovation, employment, border control, migration management [...]

The European markets registered growth in last day of the week, offsetting losses week after the Italian Senate approves budget for next year with a package of austerity, increasing investor optimism that the third-largest economy in the euro area will overcome the debt crisis. Stoxx Europe 600 Index rose 2.4 percent to 240.98 points, led [...]

The Italian Senate approved a package of budget savings measures in an attempt to save the third-largest economy in the Eurozone the fate of Greece. The bill is expected to receive final approval by the lower chamber of the Italian Parliament on Saturday, then Italian Prime Minister Silvio Berlusconi, will resign as promised earlier this [...]

The European Parliament and European Commission diverge in their assessment of the performance cost of the general budget of the European Union. MEPs overwhelmingly approved a resolution today, according to which costs next year the EU will be € 133 billion, which is 400 million more than the original proposals of the Commission. The significant [...]

The Swedish authorities may require credit institutions in the country to increase the level of the ratio of capital to key assets to 10% and such a requirement would be more severe than planned in the recapitalization of the banking system in the European Union as a whole, said Lars Frisel, Senior Economist in the [...]