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.
Southern & SE Europe
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
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 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, 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
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 economic parameters reveal trade, and production growth in 2017.
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)
A foreign investment worth €408 million planned for the island of Crete has been approved by the Interministerial Committee in Greece that oversees “strategic investments.
The fifth trilateral Summit between Cyprus, Greece and Egypt took place on Tuesday in the Cypriot capital, Nicosia.