Financial market

Last week's sudden wave of Greek government bond liquidation has made quite an impression on traders and experts in the market. It began just 24 hours after the yields on Greek securities dropped below those of Italian bonds for the first time since January 2008.

The fact that Greece pays an interest rate of only 1.17 percent for its 10-year government debt is a sign that the country is now implementing a credible policy, the head of the European Stability Mechanism (ESM) Klaus Regling said in an interview published Wednesday.

Senior officials of 14 credit groups from around the world, including Eurobank, met in London this week for the formal launch of Trade Club Alliance (TCA), the first global digital platform helping enterprises strengthen their activities in international trading.

Electricity giant Public Power Corporation is scanning the market with a view to issuing an international corporate bond, following the introduction of streamlining measures that have averted the risk of the utility's collapse, chairman and chief executive Giorgos Stassis told analysts yon Wednesday while presenting PPC's first-half financial results.

There is a great symbolism attached to the lifting capital controls and it signals a speedy return to normalcy.

After a 50- month limitation of transactions domestically and abroad the Greek economy is regaining its freedom as of 1 September.

All the parties involved must sit down at the same table to hammer out a new national strategy for developing the capital market, president of the Bucharest Stock Exchange (BVB) Lucian Anghel told a specialist event on Monday.

Turkey's banking regulator (BDDK) and capital markets watchdog (SPK) have launched separate investigations into banks and JP Morgan following volatility in Turkish markets.

Bulgarian Stock Exchange approved the first company adviser for the BEAM SME Growth Market. This is the investment intermediary Aval In Jsc. It will advise and assist small and medium-sized companies in their process of listing on the Growth Market and in their life as traded companies afterwards. Aval In operates on the capital market in our country for 25 years.

Greece is already mulling its next steps in the markets, including reissues of existing bonds and the issue of a new 10-year note.

Financial analysts are expressing worries that the prospect of a general election could lead to a fiscal derailment with stagnation, if not backtracking on reforms, given the departures of some government officials from the ruling coalition who belong to the Independent Greeks party.