Stock

The small investors in the initial public offering of Romanian power producer Electrica stocks were rushing into selling the shares on Friday, the very first day these have been traded on the Bucharest Stock Exchange, and they have managed gaining profits at 6-7 percent as compared to the price for which they had purchased Electrica shares in the IPO a few days ago.

Croatia, Macedonia and Bulgaria link their stock exchanges

Mohamed A. El-Erian

There was a time not so long ago when the vast majority of experts agreed that a country could not emerge decisively from a financial crisis unless it solved problems of both “stocks” and “flows” -- that is, secured a flow of money to cover its immediate needs and found a way to manage its stock of outstanding debt over time.