Deloitte

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.

Fund manager Dromeus Capital is just a step away from completing a deal for the acquisition of a modern office building in Maroussi, northern Athens, through its Greco Fund arm.
The Deloitte-owned building on Fragoklissias Street previously housed the first Village Roadshow multiplex in Greece.

Greek jewellery maker Folli Follie said on Friday it wanted to ensure that operations at its wholly owned subsidiary Links of London are not disrupted after the UK-based peer entered administration this week.

Folli said that its board intends to work with the joint administrators of Links of London to ensure that "business continues as a going concern post administration."

Greek jewelry maker Folli Follie's Links of London appointed Deloitte as an administrator on Wednesday, putting about 350 jobs at risk and adding to the list of high-profile retailers that have run into trouble on Britain's high street.