Business

Credit Suisse considers Albania a lower middle income country in 2013, with a per capita wealth per adult estimated $9,450 (€6,796).

According to the Swiss bank's research arm, in mid-2013 every adult Albanian per capita had $1,780 (€1,280) in financial wealth $8,390 (€6,034) in non-financial wealth and $647 (€465) of debt.

By Antonis Galanopoulos, Marcus Bensasson & Nikos Chrysoloras

Greece will probably sell bonds for the first time in four years before May as the nation seeks to rebuild its finances following an international bailout, Infrastructure Minister Michalis Chrysochoidis said.

By Evgenia Tzortzi

The European Investment Bank is expected to disburse loans of over 1 billion euros to Greece this year, confirming, according to EIB Vice President Mihai Tanasescu, that “Greece constitutes a reliable client for the European Union.”

By Nikos Roussanoglou

The gap between properties’ market prices and their so-called objective values, used for tax purposes, is continuing to widen, as a number of older houses in the center of Athens have recently been sold for up to 70 percent less than their objective values.

 Investors are flocking to participate in the lender’s share capital increase, pledging more funds than needed

By Yiannis Papadoyiannis

Banks led the benchmark to considerable gains in the Greek bourse’s first session this week, as the government’s announced intention to table the draft law for banks’ share capital increases soon, with Eurobank being the main point of interest, added to the euphoria imported from foreign markets.

The Bulgarian Photovoltaic Association (BPVA) has proposed the establishment of an energy board for the financial stabilization and restructuring of the energy sector.

Meglena Rusenova, BPVA Chair, explained Monday that the proposal had been triggered by the processes taking place in the energy sector over the past few days.

Bulgaria's film community has issued a declaration calling for an immediate increase by BGN 6 220 000 of the state aid for the film industry.

According to local filmmakers, the increase in the budget for the sector will make it possible for Bulgarian cinema to achieve sustainable development and to contribute to the country's economic growth.

Agriculture Minister Dimitar Grekov has promoted the export potential of the local agriculture sector to Japan's Ambassador to Bulgaria Takashi Koizumi.

At a Monday meeting with Koizumi, Grekov claimed that agriculture was the most stable sector of the Bulgarian economy, stressing that Bulgarian products were popular on the Japanese market.