Private equity

Most businesses fail to survive

Most Greek businesses are extremely short-lived, as 56% of them "die" before completing a decade of life. This proves business ventures in Greece are often done casually, without a plan or sufficient funds, motivated by need and not because the would-be entrepreneurs have identified a real opportunity.

Vestbee: VC Investments in CEE in 3Q 2023 Plateaus At €560M

Vestbee, one of the leading European platforms connecting startups, VC funds, accelerators, and corporates, has just released its VC Funding In CEE Report for 3Q 2023. The quarterly overview reveals that Central and Eastern Europe's financing trends align with those observed across Europe and globally.

Vestbee: VC Funding in CEE With A Notable Dip in 2Q 2023

Vestbee, one of the leading European platforms for startups, VC funds, accelerators, and corporates, has just published VC Funding In CEE Report - 2Q 2023. According to this quarterly overview, VC trends in the CEE region have been closely mirroring the global downturn as the total value of disclosed funding rounds settled at €560M.

Last Chance for CEE Startups to Join 200+ VC Funds and the Biggest Online Competition in the Region!

Startups and scaleups from Central & Eastern Europe have a last chance to APPLY to CEE Startup Challenge, the flagship competition in the region organized by Vestbee, the leading community-powered matchmaking platform for startups, VC funds, accelerators, and corporates. 

World Bank provides financing for greening of Turkish firms

The World Bank Board has approved a $155 million loan for the greening of firms through equity financing, and mobilized private capital and expanded climate financing in Türkiye's capital markets.

The funds will be channeled by the Industrial Development Bank of Türkiye (TSKB), which will use them to partially capitalize a Türkiye Green Fund (TGF), the World Bank said in a statement.

Embracing military tech innovation

The Greek armed forces are to link with local startups from which they can order advanced equipment and applications, according to draft legislation that will be opened to public consultation next week.

The goal is for the Ministry of Defense to initially invest up to €100 million in innovation over a three-year period through a company it will set up.

Greek startup environment is world’s 37th friendliest

According to the ranking of StartupBlink ("Top 100 Countries for Startup-Business Friendliness 2023"), an organization that evaluates and maps the startup ecosystems of 1,000 cities in 100 countries worldwide, Greece is among the countries with the friendliest business environment for startups, coming in at 37th place and moving up six places compared to the previous count. 

Helleniq Energy EBITDA totals €968 mln in Jan-Sept

Helleniq Energy on Thursday reported strong nine-month results due to the favorable refining environment, operating performance and exports.

Adjusted EBITDA totaled 968 million euros and adjusted net income was €496 million in the January-September period, while third-quarter adjusted EBITDA was €400 million and adjusted net income was €218 million.

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