JP Morgan

The European Bank for Reconstruction and Development (EBRD) on June 10 said it will support the growth of small businesses in Turkey, especially ones led by women.

The bank will be joined by the JPMorgan Chase Foundation, which became the first private-sector philanthropic organization to co-finance grants for EBRD.

"There are no serious articles in the economic package for workers and employers," said Enes Ozkan, an economist at Istanbul University.

The crisis, he said, would have "serious effects on the already-wounded Turkish economy."

The Republic of Cyprus is on Tuesday proceeding to the issue of two new bonds, a seven-year paper and a 30-year one, both euro medium-term notes (EMTN), the island's Finance Ministry announced on Monday in a message to investors.

The Medium Term Notes (MTN) Programme provides a maximum debt of up to EUR 1.5 bn that could be issued in the international capital markets (with the possibility to be upsized in the future) without specifying a pre-determined time period for these issuances (multi-year).

Greece's Alpha Bank was set to price a 500 million euro Tier 2 bond issue at a yield of 4.25 percent, according to a lead manager.

The Greek lender received around 5.5 billion euros of investor demand for the subordinated bond issue, the lead manager said.

Pricing is expected later on Thursday via lead managers Citi, Goldman Sachs, HSBC, JP Morgan and NatWest Markets. 

Recently upgraded Greece will - barring any major surprises - issue its first ever 15-year bond on Tuesday, with the book set to open early in the morning.

A flurry of reports on the Greek credit sector confirmed the positive view held by foreign firms on local banks these days.

The Delphi Economic Forum is organizing a foreign direct investment round table at the Hotel Grande Bretagne in Athens on Friday which is expected to draw the attention of the business world. Several ministers will take part and the main topic will be how Greece can become a focus for investment.

National Bank of Greece is eager to make the most of the favorable climate among foreign investors toward the country in the last couple of months, and especially after the election result, proceeding immediately with the issue of a Tier II bond to boost its capital.

Banks in Romania are interested in the benefits of blockchain technology, but we must also see the relevant regulatory framework and we had discussions in this regard with the National Bank of Romania (BNR) and the Bucharest Stock Exchange (BVB), president of the Blockchain Romania Association Armand Domuta stated on Friday on the sidelines of the Romania Blockchain Summit taking place at the P