Standard & Poor

Moody’s remains the only one of the major international agencies still refusing to give Greece’s coveted investment grade credit rating, has nevertheless upgraded the outlook for the economy to positive, paving the way for Greece’s progress over the pas

Moody’s gave a boost to confidence in the Greek economy by upgrading its outlook from “stable” to “positive”. Although the international rating agency once again kept Greece’s credit rating unchanged at Ba1, just one notch above investment grade.

President Klaus Iohannis can solve the political crisis today, with all the tools at his disposal and the constitutional obligation to get involved, Chairman of the National Liberal Party (PNL) Ludovic Orban said on Wednesday. According to him, "the coalition is currently in a cease fire". "The president can solve the crisis today.

On a working visit to Brussels, Romania's Finance Minister Alexandru Nazare discussed with senior European officials Romania's economic growth prospects for 2021, narrowing its government deficit to below 3% of GDP by 2024 and introducing new measures to boost the economy under the SURE Instrument.

Romania has a one-off chance to shine this year, despite an economic slowdown compared to the previous years, says Johan Meyer, CEO of Franklin Templeton Investment Management Limited UK Bucharest Branch and Fondul Proprietatea co-Portfolio Manager. "30 years after the fall of the communist regime, Romania seems well anchored to the European values and on a clear path of economic development.

,,Bulgaria may join the Currency Mechanism up to 12 months'', Prime Minister Boyko Borissov wrote on Facebook, reported Econ.bg

Rating Agency Standard & Poor has confirmed Bulgaria's credit rating with a positive outlook, confirming Bulgaria's long-term and short-term credit rating in foreign and local currency 'BBB- / A-3'.

Fitch Ratings has reconfirmed on Friday Romania's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-' with a Stable Outlook, the Public Finance Ministry (MFP) announced on its Facebook page.

Turkey's president has said his country will stand strong against an "attempted economic coup" amid heightened tensions with the US.

Recep Tayyip Erdogan on Saturday told thousands of supporters in Ankara that the country was being "threatened by the economy, sanctions, foreign currency, interest rates and inflation."

Turkish Deputy Prime Minister Mehmet Şimşek has slammed an unexpected move by Standard & Poor to cut its sovereign debt rating on Turkey further into junk territory ahead of the upcomig snap elections. 

Investors reacted positively from President Donald Trump’s Tuesday night address to Congress, pushing the Dow Jones industrial average above 21,000 points Wednesday for the first time in its history.