Companies

The likely sale of retail chain Kotsovolos is expected to create a new landscape in the domestic market of electrical and electronic household appliances, especially since it is its biggest player.

Demand to lease stores in the most popular - and expensive - shopping areas in the country is showing a significant increase this year.

According to data from Cushman & Wakefield Proprius, this year's first quarter saw a 40% rise in new leases compared to the fourth quarter of 2022.

Bosch Rexroth, a Slovenian company that is part of the eponymous German group, has launched a new commercial and production facility near Ljubljana airport. Employees from the company's three locations will now move there, and at least 123 new jobs will be created as production is expanded.

Italgas, Italy's biggest gas distributor, unveiled plans on Thursday to invest 7.8 billion euros in its business by 2029, but its shares slipped as some analysts were unimpressed by earnings projections and dividend plans.

Italian group Grimaldi, which controls 100% of Minoan Lines, bid 80 million euros for 67% of the Iraklio Port Authority and is acquiring a second Greek port of international interest.

The financial offer of the Italian group values the entire share capital of the largest port of Crete at €120 million.

The strong start to Monday's session at the Greek bourse gave way to some profit-taking initiatives in the afternoon that erased almost all of the benchmark's gains. The main index closed on the day's low, but that humble growth sufficed for yet another nine-year high. This was the sixth consecutive session of gains for the benchmark.

UBS is set to finalise the takeover of Credit Suisse today, but the hardest part is yet to come: turning the arranged marriage of Switzerland's biggest banks into a success.

On June 5, the two Zurich-based banks announced that the merger should be completed on June 12.

A merger this complex could turn out to be a nightmare, particularly given how little time UBS has had.

PwC on Thursday launched its new digital center in the city of Ioannina, northwestern Greece, which boasts an ecosystem of innovative companies seeking skilled staff.

The capital of Epirus has evolved into a magnet for tech companies, including PwC Greece, which opened its second satellite office in Greece after its Tech & Innovation Hub in Patra.

Prominent Turkish industrialist and businessman Erdoğan Demirören, who was the founder of Demirören Holding, which is one of Türkiye's largest conglomerates, has been commemorated on the fifth anniversary of his death.

On June 8, 2018, Demirören lost his life in a hospital in Istanbul, where he received treatment for respiratory failure for a while at the age of 80.

Switzerland's biggest bank UBS on June 7 pushed back the publication of its quarterly results by over a month as it completes its acquisition of fallen rival Credit Suisse.

The bank pushed the publication of second quarter results initially planned for July 25, to Aug. 31.