Investment

Elektronček, a company owned by one of the wealthiest Slovenians, has completed the acquisition of Primorski Skladi, an asset manager. The plan is to turn it into a leading asset manager in Central and Eastern Europe.

The local property market stands to reap significant benefits, both short-term and long-term, from a likely credit rating upgrade to investment level for Greece.

The post-pandemic financial climate has also paved the way for growth opportunities for investors. According to experts, the recession in Europe has caused investments to change hands, especially in the tourism sector, and Turkish companies are among those looking for hotels in this environment.

The Hellenic Public Properties Company (ETAD) on Wednesday announced the completion of the sale of the state property at the Skaramangas Shipyards to the new investor, Milina Enterprises Company Limited, owned by George Procopiou.

The management of Alpha Bank is aiming for a 25% increase in profitability in 2023, focusing on paying a dividend to its shareholders in combination with strengthening its capital base and further reducing the nonperforming loan ratio below 7%.

Norway's sovereign wealth fund, the world's largest, said yesterday it recorded a loss of 1,637 billion Norwegian kroner ($164 billion) in 2022, citing volatile markets.

The residential property market of Athens ranks fourth among numerous European cities in terms of how attractive it is as a destination for investors interested in exploiting real estate, according to data prepared by investment company ProfitLevel.

The Hellenic Financial Stability Fund (HFSF) on Wednesday announced the completion of the updating process for its divestment strategy, according to a 2010 law.

All interested parties are in agreement and it has been approved by the Finance Ministry, it said in a statement.

NEW YORK - One zigs, the other zags. One teases the passerby with bands of translucent glass wrapping a core of clear windows; the other, with floors angled in and out - a gentle architectural mambo. The pair of buildings that comprise Columbia University's new business school, on its growing Manhattanville campus, exude a nervous off-kilter energy.

Mutual fund management companies in Slovenia find that despite the increased uncertainty and drops on stock markets, investors continue to make net investments in mutual funds. They are optimistic in spite of the value of assets under their management having dropped slightly this year from a record-high of EUR 4.3 billion at the end of 2021.