Deloitte

According to the latest Global Property Index from international consulting firm Deloitte, Bulgaria boasts the highest number of dwellings per 1,000 people in Europe, with 668 homes for every 1,000 citizens.

Artificial intelligence is already being used by banks and affecting the way they interact with customers.

"Using AI technologies in the banking system has led to significant changes and improvements… in fields such as security and fraud prevention, risk management and automatization of procedures," says Nikos Christodoulou, head of consulting services at Deloitte.

Greek scale-ups, as growing startups are called, are looking for more funding, after a comparatively dry last couple of years.

According to a five-country survey by Deloitte Private, 79% of Greek scale-ups are looking for more funding.

But only 13% are certain they will find the funds they seek, with another 40% saying they are "relatively positive" they will do so.

Real estate transactions hit an all-time high in Cyprus last year, Deloitte has said in a report, noting that interest was focused on the residential market and on the seaside city of Limassol. It also said that it expects interest to remain strong this year, though luxury condos in high-rise developments may see a decline.

While the new generation of artificial intelligence, the so-called generative AI (GenAI), is bringing tectonic changes to all sectors of the economy, having the potential to increase the Greek GDP by an additional 5.5% by 2030, most Greek businesses have no plans of utilizing it in the foreseeable future.

While the need for Greece's digital transformation and companies' investments in technology have led to an explosion in demand for IT executives, the country does not employ enough workers in this sector. It even registers a negative lead compared to other European countries

Britain yesterday unveiled long-awaited reforms to the country's corporate reporting and audit regime via a new regulator after a swathe of recent high-profile bankruptcies - but the revamp is a watered-down version of an originally mooted shake-up.    

The National Bank of Greece Group on Friday announced the completion of a transaction for the disposal of a nonperforming, predominantly secured, corporate loan portfolio to the investment firm Bain Capital Credit for a total principal amount of 1.6 billion euros.

Deloitte Canada laid off about 200 employees last week in its Toronto headquarters, as consultancies grapple with the start of an expected slowdown in client spending. The cuts affected Omnia AI - the artificial intelligence group - as well as audit and consulting, said an employee who was not authorized to speak to the media.

Turkey's e-commerce volume grew 39% in 2019 compared to the previous year, an industrial report revealed on April 29. 

The e-commerce market size hit 83.1 billion liras ($14.6 billion) last year, according to a joint report by Turkey's Informatics Industry Association (TUBISAD), Deloitte Turkey, SimilarWeb and Inveon.