Bulgaria: 12% of firms complain of payment delays
Twelve percent (12%) of the companies in Bulgaria complained about delayed payments by contractors or the state in 2017, Eurostat statistics showed.
Southern & SE Europe
Istanbul's new futuristic airport has opened its doors
Istanbul New Airport, on track to be the world's biggest, has been unveiled by Turkish President Recep Tayyip Erdogan in a grand ceremony on Monday (Oct.29), coinciding with the 95th anniversary of Turkey's establishment as a republic.
Bank of Cyprus agrees to sell bad loans amounting to €2.8 bn
The Bank of Cyprus announced on Tuesday it agreed the sale of a portfolio of loans with a gross book value of €2.8 bn (of which €2.7 bn relate to nonperforming loans) secured by real estate collateral.
Serbian IT-related exports reach one billion euros says MOF
Serbia's overall external trade for the period January - May 2018 went up by 24.3% to USD 18488.3 million compared to the same period in 2017 and up by 9.3 % to EUR 15143.6 million, according to the Statistical Office of the Republic of Serbia
Financial Times opens R&D centre in Sofia
The Financial Times (FT) in partnership with information technology consultancy Xoomworks are establishing a research and development (R&D) centre in Sofia in autumn 2018, according to a press release.
Piraeus, the fastest growing port in the world, with China as its partner
Piraeus, the largest Greek seaport, is the world's fastest growing port and will be the largest port in the Mediterranean by 2019, displacing Hamburg from third place in Europe, the German newspaper Die Zeit writes.
Mytilineos Holdings creates first off-grid hybrid power project in Africa
Mytilineos Holdings, a Greek-based industrial conglomerate, announced the signing of an agreement between its subsidiary METKA Power West Africa and the Federal Government of Nigeria for the first phase of the Energizing Education program, an
Japan Tobacco expands acquiring Donskoy Tabak and its Greek subsidiary SEKAP
Donskoy Tabak (DT), Russia's fourth-largest cigarette manufacturer and its Greek subsidiary SEKAP, owned by Greek-Russian businessman and investor Ivan Savvidis, has been sold to Japan Tobacco (JT) the latter announced in a statement on Friday.
Serbia's GDP, trade and production show growth
Serbia's economic parameters reveal trade, and production growth in 2017.
Bulgaria's exports to the EU and third countries on the rise
In the period January - October 2017 the Bulgarian exports to the EU increased by 10.9% compared to the same period of 2016 and amounted to 28 769.3 Million BGN according to preliminary data released by the National Statistical Institute (NSI)
