Ernst & Young

International consultancy Ernst & Young (EY) will create an Artificial Intelligence Center of Excellence in Greece, in cooperation with the Demokritos National Center for Scientific Research and its Software and Knowledge Engineering Laboratory.
A group of researchers - 20 in the first year, to be expanded in subsequent years - will work on how AI can improve text mining.

Greece is back on foreign investors' radar screens as it is considered an attractive destination for investments.

Public Power Corporation (PPC), Greece's main electricity utility, has recorded heavy losses last year and its own auditor warned about the firm's sustainability. Experts say painful decisions may be required, including rate hikes and asset sales.
PPC recorded after tax losses of 542 million euros (607 million U.S. dollars), according to the 2018 financial results released on Tuesday.

The number of mergers and acquisitions (M & A) in Bulgaria doubled in the first half of last year compared to the same period in 2017 and the leading investor in our country are companies registered in South Africa. Also between January and June, Bulgaria is part of two of the top 10 of the largest transactions for the Central and Eastern Europe (CEE) region, reports money.bg

Investment banking company Rothschild has reportedly resigned as principal financial advisor to troubled jeweller Folli Follie Group (FFG), shortly before the deadline for the publication of the forensic and financial reviews on both in the parent company and its subsidiaries, Greek news website euro2day.gr reported on Tuesday.

Ernst & Young expects its inspection into the finances of troubled jewelry group Folli Follie to be completed by August 10, according to EY Greece Chief Executive Panagiotis Papazoglou.

The Forbes Global 2000 List is a well-known annual must-read in business. This year for the first time Forbes teamed up with Statista to take the project one step further, identifying the 500 World’s Best Employers and the 250 Top Regarded Companies around the globe.

At a train station used by hundreds of workers at struggling Japanese electronics giant Toshiba, an advert is apparently trying to poach staff worried by their employer's precarious financial position.

Turkey's merger and acquisition volume plunged by over half to $7 billion amid security concerns and rising economic problems, according to a new report, which showed that many foreign direct investors have been steering clear of Turkey. 

The Merger and Acquisition Transactions Report by EY showed on Jan. 12 that Turkey's M&A volume has plummeted to its lowest level since 2009. 

Turkey suffered a drop in mergers and acquisitions (M&A) last year of around $7 billion from the year before, as foreign investors start to be spooked by the country's exposure to unrest from neighboring Syria, according to a new report by Ernst & Young (EY). 

The drop comes at a time when the global M&A volume hit record high levels of $5.6 trillion, according to EY.