European Parliament Passes Law to Restrict Cash Payments to €10,000
The European Parliament has voted to impose a €10,000 limit on cash payments within the European Union
Oil prices have marked a decrease on international markets following the agreement reached Thursday upon the Iran nuclear program.
Analysts, however, have stated that they prognose a gradual decrease as opposed to a sudden shift in oil prices after Iran enters world markets once again, Dnevnik daily reported.
Meanwhile, Brent crude oil has decrease its price by 3.8% in London reaching close to USD 54 per barrel, while the US brand WTI has decreased its prices in New York by 1.9% to USD 50 per barrel.
The sanctions will remain enact at leats until the end of June. By that time the final draft of the agreement between Iran and the other six leading countries needs to be signed.
Iran's Minister of Petroleum Bijan Namdar Zangeneh made a statement in March that Teheran is prepared to produce up to 1 million barrels a day. Meanwhile, Bloomberg analysts have stated that the country has been producing over 2.85 million barrels daily, but the production has been reduced from the 3.83 million daily units in 2010.
Prior to the implementation of the sanctions imposed by the EU and US in the middle of 2012, Iran had been exporting 2.5 million barrels.
Meanwhile, the neighboring Iraq, which is also the biggest OPEC producer, has been exporting almost 3 million petrol units daily only in March.
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Google is introducing AI-powered upgrades to its Maps app.
The new Secretary General of the Organization for Economic Co-operation and Development (OECD), Australian Matthias Corman, is proposing that six countries, including Bulgaria and Brazil, join the club of rich countries at the same time
China Railway Rolling Stock Corporation – CRRC has proposed to invest EUR 300M under a project for strategic partnership with Bulgaria’s indebted state – owned railways operator BDZ, the Bulgarian Transport Ministry, said on Thursday.
France is about to ditch the deal on two Mistrale-class warships whose delivery to Russia it suspended over the Ukraine crisis, a prominent Russian daily argues.
The tenth consecutive round of negotiations between the EU and the US regarding the Transatlantic Trade and Investment Partnership (TTIP) is set to start Monday in New York.
The two Mistral warships France was to deliver to Russia are still subject to discussion, French President Francois Hollande has said.
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