Investment

80% of the purchasers of holiday properties along Bulgaria's Black Sea coast are Bulgarian nationals, indicate data of experts from a large construction and investment company. "The travel restrictions stemming from the coronavirus pandemic and the uncertain economic environment made a number of people take action and buy properties.

Prime Minister Florin Citu says that the announced increase in net investment by about 10% in the first quarter of this year, according to National Institute of Statistics (INS) data, is an indicator that shows the confidence of entrepreneurs, investors and multinationals in the Government. "Extraordinary news from the economy! Net investments in the economy increase by about 10%.

Turkey's capital markets watchdog imposed fines totaling 26.4 million Turkish liras ($3.25 million) on 10 foreign financial firms for unlawful short-selling transactions.

According to a Capital Markets Board (SPK) statement, Credit Suisse Securities Europe Limited was fined $960,500, Barclays Capital Securities Limited $867,600 and Merrill Lynch BofA International was fine $778,300.


Despite the negative economic environment and the direct impact of the pandemic on investment decision-making, Greece attracted significant investment interest in 2020, pointing to the strength of the Greek economy and the opportunities it offers, Enterprise Greece said in a report released on Thursday.

For some Reddit users, GameStop's dizzying rocket ride on Wall Street is a case of the masses rebelling against one-percenters hoarding the world's wealth.

The social media-fueled movement has sent shares in the U.S. video game retail chain soaring from less than $20 weeks ago to a peak of $492 on Thursday, dearly costing hedge funds that bet GameStop stock would tank.

Ljubljana – Creditreform Rating, an European credit rating agency, has affirmed Slovenia’s AA- credit rating with a stable outlook. It says that Slovenia has a strong economic environment, a flexible labour market while its private sector’s indebtedness is low, which should contribute to the country’s post-Covid recovery.

Some of the world's biggest private equity firms, including Blackstone Group Inc, Silver Lake Partners LP and Thoma Bravo LP, own major stakes in the software firms whose shares dived on news that they were breached by suspected Russian hackers.

US investment fund CVC Capital is rapidly evolving into the biggest foreign investor in Greece, as it is currently in negotiations for the acquisition of an 80% stake in Ethniki, Greece's biggest insurer, for about 450-460 million euros.

Institutional investors are increasingly interested in properties of a "social character," an alternative investment category that is likely to grow in the domestic realty market too.

CVC Capital has obtained full control of Greek food giant Vivartia through a 600-million-euro deal with owner Marfin Investment Group, following the MIG board's decision to approve the transfer.