Financial economics

BELGRADE - The average indebtedness of a Serbian citizen stands at EUR 750, which is around 16 times less than the average indebtedness per EU citizen and five times less than in Croatia, said Veroljib Dugalic, secretary general of the Association of Serbian Banks.

By Christina Kopsini

The Greek social security system is a ticking time bomb. Excluding the seamen’s and farmers’ pension funds (NAT and OGA respectively), the reserves of the rest don’t even top 4.5 billion euros, which is not enough to fund pensions after 2016, when the problem will explode.

Fitch Ratings has upgraded the state-guaranteed long-term senior debt rating of National Bank of Greece (NBG, B-/Stable), Alpha Bank (Alpha, B-/Stable) and Eurobank Ergasias (Eurobank, B-/Stable) to 'B' from 'B-'.

The rating actions follow the upgrade of Greece's sovereign Long-Term foreign currency Issuer Default Rating (IDR). [Reuters]

Friday’s June triple witching and a sudden interest expressed by foreign buyers in the week’s very last hour of trading took the Greek bourse’s benchmark above 1,300 points and its weekly gains close to 3 percent.

BELGRADE - The analysis of debt issued by the National Bank of Serbia (NBS) has showed that Serbia's external debt has reduced by EUR 338.2 million in the first three months of 2014, while the public debt went up by EUR 365.8 million.

Central Bank: External debt falls, public debt rises

BELGRADE -- The analysis of debt issued by the National Bank of Serbia shows that Serbia's external debt has reduced by EUR 338.2 million in the first three months of 2014.

At the same time, the public debt went up by EUR 365.8 million.

Businesses in the region to benefit from European Bank investment

By Eshe Nelson

The world’s largest investors are putting their trust in Greece’s government bond market as record-low yields across Europe compel them to invest in the country that sparked the region’s sovereign debt crisis.

By John Geddie

Cyprus is on the verge of making the fastest comeback to markets of any bailed-out euro zone country when it sells a new five-year bond later on Wednesday.

The Republic of Cyprus has started marketing its first post-bailout public debt sale with a yield in the 5 percent area, according to a lead.

The June 2019 transaction is expected to take place on Wednesday.

Deutsche Bank, Goldman Sachs, HSBC, UBS and VTB Capital are arranging the sale.