Sitemap

Belgian Central Bank In Loss For The First Time Since World War II

CorD Recommends

Montenegro’s Independence Day Celebrated

Celebrating Montenegro's Independence Day with an Exhibition...

Ireland to Ban Tobacco Sales to Under-21s

Ireland is poised to become the EU's...

Launch of the Council of European Business Associations and Chambers in Serbia

European business associations and bilateral chambers have...

New Joint Venture Forms to Revolutionize Balkan Logistics

In a strategic move to enhance logistics operations in the Western Balkans, Transfera, a leading logistics company in the...

Concept Mercedes-AMG PureSpeed

Exciting, energising and breathtaking – the Mercedes‑AMG PureSpeed concept is the highlight in the run-up to the Formula 1™...

Western Balkans Chambers of Commerce Sign Tourism Cooperation Memorandum in US Congress

A landmark Memorandum of Cooperation has been signed at the US Congress, uniting the Chambers of Commerce of the...

Serbia Ascends as Key Trade Partner for Germany

Serbia is set to become a net exporter to Germany by 2025, overtaking its imports from the economic powerhouse,...

EU Sets Global Standard with World’s First Artificial Intelligence Act

The European Union has taken a pioneering step by adopting the world's first Artificial Intelligence Act, setting a potential...

The Central Bank of Belgium (BNB) predicts that it will have a negative capital position by 2027, meaning that its liabilities will exceed the value of its assets.

Also, the BNB stated in a statement that it expects to end this financial year with a loss in the range of 600 to 800 million euros, which is the first such loss since World War II. As a solution, the bank will have to use its financial reserves of 7.08 billion euros, with the fact that they are less than the expected losses until the end of the financial year 2027, which could exceed 9 billion euros. 

Related Articles

EU Sets Global Standard with World’s First Artificial Intelligence Act

The European Union has taken a pioneering step by adopting the world's first Artificial Intelligence Act, setting a potential global benchmark for future AI...

Ireland to Ban Tobacco Sales to Under-21s

Ireland is poised to become the EU's inaugural member to prohibit tobacco sales to those under 21, shifting from the current age limit of...

EU Commissioner Várhelyi Visits Serbia to Discuss Deepening Integration and Regional Stability Efforts

In a pivotal meeting in Belgrade, Serbian President Aleksandar Vučić and EU Commissioner for Neighbourhood Policy and Enlargement Olivér Várhelyi discussed key steps towards...

EU Delegation Hosts Europe Day Celebration in Belgrade

Emanuele Giaufret, head of the European Union delegation, hosted a reception celebrating Europe Day, which honours peace and unity on the continent. The event...

EU Council Approves Instrument for Reform and Growth in Western Balkans

On 7 May 2024, the EU Council approved the Instrument for Reform and Growth in the Western Balkans, a new financial framework designed to...

Slovenia to Outpace Italy in Economic Power by 2029

Projected by the International Monetary Fund (IMF) to rise significantly in economic stature, Slovenia is set to surpass Italy in purchasing power by 2029.  The...

Nicolas Schmit, European Commissioner for Jobs and Social Rights

Serbia Must do More for Workers

In order to enhance the wellbeing of workers across the region, I urge Serbia to revisit the 20 principles of the European Pillar of...

European Elections

Will the Far-Right’s Low Cohesion Save the Centre?

Pro-European parties could surpass expectations by achieving a solid majority in the European Parliament, despite increasing support for right-wing parties. However, this might not...