Business

A German company linked to France's state-owned producer of military vehicles Nexter Systems has expressed an interest in the acquisition of the majority of the shares of the new Hellenic Vehicle Industry (ELVO), known as Hellenic Vehicle Industry.

The Slovenian government has indicated it will introduce new measures to curb temporary work, a popular practice, after chambermaids at a state-owned hotel chain protested against being outsourced and after criminal complaints were filed against two temping agencies.

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Nike reported better than expected earnings on March 21 in its latest quarter, supported by strong demand although higher inventory and logistics costs weighed on its margins.

The company reported profits of $1.2 billion for the three months ending February, down 11 percent from the year-ago period, while revenues picked up 14 percent to $12.4 billion.

Approximately one in two Cypriots considers it easy to start a business in Cyprus, according to the Global Entrepreneurship Monitor (GEM) Cyprus Report 2021/2022.

House sales to foreigners in Türkiye decreased by 27.0 percent in February compared to the same month last year, the Turkish Statistical Institute (TÜİK) announced on March 15.

A total of 3,350 houses were sold to foreigners last month, accounting for 4.2 percent of the country's total house sales of 80,031.

European Commissioner for the Internal Market Thierry Breton is arriving in Bulgaria on Wednesday for a meeting with the defense industry, the European Commission announced to the National Television.

The purpose of the visit is to encourage the arms industry to rapidly increase its production capacity in order to have ammunition for Ukraine.

The Competition Commission is expected to present a proposal for the case of suspected harmonized practices by banks before the summer. 

This will be followed by a decision by the plenary session of the watchdog before the end of 2023, in the event, of course, that the proposal finds violations of the competition legislation. 

Albania's opposition Democratic Party has filed a request for a parliament's investigative committee on Thursday, after Prime Minister Edi Rama dismissed claims that his government bribed a former FBI official to push for FBI investigations into matters that damaged the Albanian opposition.

The chairman of Japan Tobacco Inc (JT), Mutsuo Iwai, praised the leadership of the Greek government for promoting an investment-friendly environment during a recent visit to Tokyo by Prime Minister Kyriakos Mitsotakis, a JT announcement said on Wednesday.

Athens-listed group Mytilineos said on Thursday its profit, turnover and dividend more than doubled while its debt declined and investments increased in 2022.

More specifically, net profit after minorities increased by 187% to 466 million euros from €162 million in 2021.

Respectively, earnings per share came in at €3.41, an increase of 186% compared to 2021.