bne -
Slovenia, pegged as the next in line to require a Eurozone bailout following Cyprus, announced plans on April 11 for the early rollover of debt maturing in June - a move intended to calm markets and thwart a squeeze on its finances.
Slovenia's Finance Ministry announced it will look to auction around €500m worth of 18-month treasury bills on April 17 in order to power the refinancing of the debt. At the same time, it said it would offer to buy back €855m in June 6 bills at 99.525% of their face value.
According to Reuters, the government needs about €3bn this year to recapitalise state-owned banks, repay maturing debt and cover the budget deficit. However, yields on Slovenia's 10-year benchmark bond rose to 6.48% on April 11 - just below the 7% threshold at which a country's finances are seen as unsustainable - from 4.77% on March 15, the day before the Cyprus bailout deal.
Clare Nuttall in Bucharest - Macedonia’s EU accession progress remains stalled amid the country’s worst political crisis in 14 years, while most countries in the Southeast Europe region have ... more
bne IntelliNews - Erste Group Bank saw the continuing economic recovery across Central and Eastern Europe push its January-September financial results back into net profit of €764.2mn, the ... more
bne IntelliNews - Central and Eastern European leaders blasted Russian "aggression" on November 4 and called for Nato to boost its presence in the region. The joint statement, issued at an ... more