Business

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.

The maintenance fees of residential complexes, which have reached exorbitant prices, have compelled the residents to move to different districts and the apartments at independent buildings.

People with disabilities can receive up to BGN 20,000 to start their own business through a competition of the Agency for People with Disabilities. It will finance up to BGN 740,000 and proposals for the creation of Sheltered Employment Centers.

The FBI headquarters in Washington DC. Photo: EPA-EFE/JIM LO SCALZO