management also told the AGM that in the July-September quarter, group turnover rose by about 6 percent year-on-year. Stagnation in Greece was offset by robust growth rates in Romania, Bulgaria and Cyprus. Jumbo’s stock rose 2.63 percent yesterday on the Greek bourse.
Turkey’s 20202030 dollar bonds hit their highest level since August yesterday, as a drop in the US currency following midterm elections helped extend the recent rebound in Turkey’s markets. Ankara’s 2030 bond got the biggest boost, rising nearly 1 cent in price in what looked set to be a fourth straight day of gains. said in an interview. Ludwig Heinz, S&P’s primary Bulgaria analyst, said the country’s planned accession to the eurozone’s exchange rate mechanism, a precursor to joining the single currency, would be a clear trigger for a rating upgrade. Other triggers, he said, would be further reductions in bad loans or a betterthan-expected fiscal performance.