Bulgarian fund Doverie United Holding has completed the purchase of Moldindconbank (MICB), Moldova's second-largest lender, the Sofia-based investment company has announced.
Southern & SE Europe
Greece remains a dominant force in the shipping industry despite the economic hardships faced by the Mediterranean country.
Twelve percent (12%) of the companies in Bulgaria complained about delayed payments by contractors or the state in 2017, Eurostat statistics showed.
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.
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.
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.