Private equity

Greece's main power utility Public Power Corporation (PPC) said on Thursday it had swung to profit in the first quarter on the back of lower energy costs. 

The utility reported net profit of 51 million euros for the January-to-March period versus a loss of €186 million last year. 

Hedepy, a Czech company providing rapid access to online psychotherapy, was chosen the best startup at an international business conference in Maribor on 17 May in a competition of 135 startups from 18 countries.

ATHEX-listed Ellaktor Group said on Thursday its 2022 turnover totaled 1.04 billion euros, up 14% from the previous year, and its EBITDA jumped 45% to €239 million.

Pre-tax profit was €68 million in 2022, after a loss of €29 million in 2021, while after-tax profits totaled €519 million, boosted by the sale of a 75% equity stake in the renewable energy sources sector.

Vestbee published the 'VC Transactions In CEE Report - 2022', revealing that VC investments in the CEE region exceeded €5.9B in total funding across more than 1100 transactions. 

Public Power Corporation (PPC) expects its EBITDA to jump by 30% annually after the acquisition of Enel Romania, since the latter has a leading position in the Romanian electricity market.

BELGRADE - The number of startups operating in Serbia was up by over 20 pct in 2022, and they employed over 2,000 people in total, according to Startup Scanner 2023, an annual report released by the Digital Serbia initiative.

BELGRADE - Serbian Minister of Science, Technological Development and Innovation Jelena Begovic said on Tuesday it was very important that the Digital Serbia initiative had made Serbian startups visible on the international Dealroom platform, with around 250 Serbian startups registered there to date.

Turkish technology startups drew a total investment of $1.8 billion in 2022 despite a 35 percent decrease in global startup investments, increasing expectations for 2023.

According to a report by StartupCentrum, 322 Turkish startups received an investment of $1.8 billion in 2022, slightly up from $1.6 billion the previous year.

A Lukoil refinery in Italy might survive sanctions against Russia if it falls into the hands of a Cypriot private equity fund, with the company saying the sale could take place by March of this year after turning down a US offer two months ago.

Amazon Web Services has launched AWS FinTech Accelerator, an equity-free program that aims to identify, engage, and support the growth of high-potential FinTech startups.