The executive director of the company managing the underground, tram and electric train lines was fired after the chaos resulting from employees refusal to be transferred to other public departments. The government turns a deaf year to the privatization of the state lottery.

This is the opinion of the Bulgarian Development Bank CEO Assen Yagodin, who commented exclusive for GRReporter the economic instability in Europe, the nervousness on the stock market and the prospects in Bulgaria.

The Greek Minister of Development, Competitiveness and Shipping Michalis Chrysohoidis attended the event. He wished neighbouring Greece soon to open a development bank to enjoy as beneficial cooperation with the Black Sea Trade and Development Bank as the Bulgarian bank.

The Greek Ministry of Finance announced the names of 6,000 public and private companies owing the state more than €30 million. By the end of the month, the Ministry will announce the names of individual persons owing amounts larger than €150,000.

Under the labour reserve program, public sector employees, who have to be dismissed, will go on a year paid leave during which they will receive 60% of their gross salary.

Greek GDP continues to decline rapidly. Unemployment is rising and lenders are threatening that they are not going to pay the sixth tranche of the bailout if the supervisory Troika's report on the progress of the reforms in the country is not positive. According to unnamed sources, new measures will have to offset the deviations.

Over the next two days, the protests scenes will take place in Thessaloniki. The police have turned the city into an impregnable fortress for fear of collisions during the expected mass protests.