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"If it had been in UK, Germany, Hungary or even Romania or Bulgaria, there would have been a process; it would have gone through the open market. Developers that were looking to enter Serbia, or already active, would have been given the chance to buy it themselves."

Fourth is "our impulse to buy and sell salvation on the open market."

A six-month moratorium on the sale can then be invoked by the local community to give them the chance to raise finance and make a bid to buy it on the open market.

“Howard Lutnick has agreed to divest his business interests in Cantor Fitzgerald, BGC Group, Inc. and Newmark Group, Inc. to comply with U.S. government ethics rules and does not expect any arrangement that involves selling shares on the open market,” according to a company statement in February.

Powell had little to share with reporters, as the Federal Open Market Committee declined to make any adjustments to interest rates following a two-day meeting in Washington, D.C.