Ernst & Young

Ljubljana – The implementation of the EU directive on the protection of whistleblowers is extremely important for the fight against corruption, agreed participants of Tuesday’s round table debate on whistleblowers hosted by the British-Slovenian Chamber of Commerce.

The sale process for Elefsis Shipyards is getting more complicated and is set to last a few more months, until the application for the ratification of the streamlining agreement with ONEX, the strategic investor.

The Greek economy's great dependence on tourism and the global slump in tourism flows this year was the main reason observers put the country's economic contraction estimates for 2020 at 9-10%, a new report by Ernst & Young Greece notes.

At least 2,270 houses and apartments in central Athens were taken off short-term rental platforms between the start of the year and the end of May, boosting the supply of properties for rent by the capital's residents.

Spain will be not just welcoming, but encouraging international tourism starting in July, the prime minister said on May 23. 

"Tourists, as of July, Spain will be expecting you," Pedro Sanchez told a weekly televised press conference. "Foreign visitors can now start planning their holidays to Spain."

The possibility of mergers between Greece's systemic banks is strong according to 78 percent of credit sector officials, while even more professionals in the sector (79 percent) anticipate a shrinking of the network by more than 20 percent.

Ernst & Young announced on Friday a tender for the sale of the assets of Hellenic Vehicle Industry (ELVO), in the capacity of special administrator for the troubled state company. Interest needs to be declared by April 2.
Finance Minister Christos Staikouras said on Friday that seven investors have already expressed informal interest.

Ernst & Young Greece (EY Greece) on Monday announced the signing of a three-year strategic partnership agreement with the InvestGR Forum: Foreign Investments in Greece, an annual event organized by consulting firm Public Affairs & Networks.

The volume of mergers and acquisitions (M &A) transactions in Turkey, including unclosed ones, reached $5 billion in 2019, said audit and consulting giant Ernst & Young (EY) on Jan. 7.

Last year's volume was down on an annual basis, as high-volume transactions were replaced by medium- and low-volume transactions, said the EY Turkey report.

The crucial report by the certified accountant on the state of Public Power Corporation is expected on Tuesday, along with the governing board's approval and publication of the utility's first-half financial results.