April 11 (SeeNews) - Following is a selection of top stories and interviews moved by SeeNews over the past week:
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KMG INTL GROUP TO INVEST $200 MLN IN 2015, MAINLY IN ROMANIAN REFINERY
KMG International group, formerly The Rompetrol Group, said on Tuesday it plans to invest more than $200 million (184 million euro) this year, mainly in the upgrade of its Romanian refinery Rompetrol Rafinare.
Read more at: http://wire.seenews.com/news/kmg-intl-group-to-invest-200-mln-in-2015-mainly-in-romanian-refinery-471674
CROATIAN BANKS CLOSE TO ACCEPTING CONVERSION OF SWISS FRANC LOANS INTO EURO - FIN MIN
The Croatian banks are on course to accept converting Swiss franc loans into euro in order to ease the burden on affected borrowers, the country's finance minister, Boris Lalovac, said on Wednesday.
Read more at: http://wire.seenews.com/news/croatian-banks-close-to-accepting-conversion-of-swiss-franc-loans-into-euro-fin-min-471812
SERBIA'S MK GROUP, IM MATIJEVIC TO JOIN FORCES FOR PKB TAKEOVER BID
Serbian vertically-integrated agro-industrial conglomerate MK Group plans to form a consortium with local meat producer and retailer IM Matijevic to pursue the acquisition of local agricultural company Poljoprivredna Korporacija Beograd (PKB), the two companies said.
Read more at: http://wire.seenews.com/news/serbias-mk-group-im-matijevic-to-join-forces-for-pkb-takeover-bid-471622
AES TO CUT BY 14% POWER PRICE IN BULGARIA, CONTOURGLOBAL AGREES TO 17% DECREASE
The Bulgarian units of US companies AES and ContourGlobal agreed with state-owned power utility NEK on a decrease by 14% and 17%, respectively, in the capacity price for electricity produced by their coal-fired plants in the southeast of the country, the Bulgarian government said on Wednesday.For its part, NEK will pay all arrears to the two companies amounting to a total of 700 million levs ($389 million/358 million euro), the government said in a statement posted on its website.
Read more at: http://wire.seenews.com/news/update-1-aes-to-cut-by-14-power-price-in-bulgaria-contourglobal-agrees-to-17-decrease-471834
INTERVIEW
IFIs HAVE LEVERAGE TO PUSH FOR REGULATIONS TO TACKLE NPLs IN WESTERN BALKANS, RAIFFEISEN SAYS
The international financial institutions (IFIs) have more leverage than private stakeholders when it comes to speeding up the overhaul of the legal framework in the Western Balkans to facilitate resolving bad loan portfolios, the head of Raiffeisen Bank International’s workout network units said.
“The IFIs could support the governments and regulators in the region on how to expedite the needed changes to the legal, regulatory and tax treatment framework so that all stakeholders could take the process to the next level,” Daniel Mitteregger told SeeNews.
Read the full text of the interview at: http://wire.seenews.com/news/interview-ifis-have-leverage-to-push-for-regulations-to-tackle-npls-in-western-balkans-raiffeisen-says-471647