EUROPEAN NEWS — BUSINESS

Czech State Institute for Drug Control (SUKL) published on Wednesday the results of inspection that revealed the illegal drug exports by the Czech pharmacies worth around 149 million crowns (about 5.96 million U.S. dollars).

The Romanian mergers and acquisitions market jumped 23 percent year on year in 2016, with a total value of 3.4 to 4 billion euros (3.7 to 4.3 billion U.S. dollars), industry data revealed on Wednesday.

Spanish banks' non-performing loans as a percentage of a total credit stood at 9.227 percent in November, according to data released on Wednesday by the Bank of Spain.

The agreement for the sale of 100 percent stake in Greek railways operator TRAINOSE to Italian railways Ferrovie Dello Stato Italiane for 45 million euros (48 million U.S. dollars) was signed here on Wednesday, Greece's privatization fund announced.

Feature: As Greeks shoulder new tax burden, market professionals warn of backlash

A barrage of new direct and indirect taxes on basic products and services went into effect on Jan. 1 in Greece, adding a further burden to debt-ridden households and enterprises.

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