Financial economics

By Angeliki Koutantou

Greek renewable energy firm ELTEH Anemos sold all the shares it hoped to in an initial public offering, albeit at the bottom of its price range - pointing to a mixed reception for the country's first IPO since its debt crisis began in 2009.

Canada’s Dominion Bond Rating Service (DBRS) announced on Friday it had upgraded Greece’s credit rating from CCC to B and the country’s outlook from negative to stable, reflecting the assessment that the risks of a Greek exit from the eurozone and a new round of debt restructuring have declined.

By Evgenia Tzortzi

The HFSF bank bailout fund has reduced its combined stakes in the country’s four systemic lenders thanks to the share capital increases and the exercise of acquisition rights, known as warrants.

BELGRADE - Serbian Finance Minister Lazar Krstic said on Thursday that it is necessary to introduce changes to the Law on Pension Insurance so as to ensure the sustainability of the pension system and public finances as a whole.

Greece raised 1.5 billion euros from the issue of a three-year bond on Thursday with a yield of 3.5 percent, the finance ministry said in a statement.

Athens said it received orders worth 3 billion euros. It had been expected to raise between 2.5 billion to 3 billion euros but faced lackluster demand following concerns about the health of a parent company of Portugal's largest bank.

By Marius Zaharia

Greek yields dipped on Thursday as the aid recipient readied an issue of three-year bonds in its second debt sale since its default, taking advantage of a European Central Bank promise to make long-term loans to banks.

 Government expects to draw up to 3 billion euros from the market at an interest rate of 3.2 to 3.5 percent

By Sotiris Nikas

Three months after Greece’s successful return to the international market, the Finance Ministry is testing investors’ intentions for a second time with the issue of three-year bonds.

Hundreds of owners of damaged cars have been queuing in front of the insurance companies offices in Sofia after Tuesday's severe hailstorm.

Some of them claim to have been waiting since Tuesday night, Nova TV reports.

Insurance companies informed they will provide simplified procedures and quick payment of compensations to customers whose property was damaged by the hail.

By Sotiris Nikas

 Finance Ministry will likely issue a three-year bond, hoping for an interest rate that will not exceed 3 pct

By Sotiris Nikas