Companies

Turkish PMI falls to 48.1 due to virus outbreak

Turkey's Purchasing Managers' Index (PMI) was at 48.1 this March, down from 52.4 in February, posting below the 50 no-change mark for the first time in three months.

According to the Istanbul Chamber of Industry PMI Manufacturing Index report, prepared in cooperation with global data firm IHS Markit, output and new orders both softened, while firms scaled back purchasing activity.

Internet use soars amid lockdown

Greece has seen an increase of at least 50 percent in internet use in recent days following the government's decision to restrict citizens' movements to slow the spread of the new coronavirus, according to officials at the Digital Governance Ministry who indicated however that telecommunications networks are handling the strain so far.

Shell Donates BGN 100k Worth Of Fuel To Emergency Ambulances In Support Of Fight Against COVID-19

25 March 2020, Sofia. Shell Bulgaria is donating BGN 100K worth of fuel to supply ambulances of the Centers for Emergency medical assistance. In the challenging situation, caused by the coronavirus outbreak, Shell addresses its donation to those who need medical care at the moment.

Dutch fund spends 25.5 mln
 to raise stake in GEK Terna

Dutch investment fund Reggeborgh Invest has raised its stake in listed construction and energy group GEK Terna to over 32 percent, becoming a de facto strategic investor and a significant guarantor of the future course of the company.
A year ago it had agreed to buy out the 15.3 percent stake that York Capital Management controlled then at GEK Terna.

Greece gets nine non-binding bids for stake in gas supplier DEPA Commercial

Greece has received nine non-binding bids for the sale of a 65 percent stake in its dominant gas supplier DEPA Commercial, its privatisation agency said on Monday.

Investors who have expressed an interest in the stake include Shell Gas, Vitol Holding, Power Globe, MET Holding and C.G. Gas Limited of Greece's Copelouzos group, the agency said in a statement.

Pages