Real estate

The country's 500 most profitable companies in 2017 generated impressive returns according to the figures stemming from their financial reports as processed by ICAP for its special annual publication "Business Leaders in Greece 2018."

The total turnover of the 500 leading firms in terms of profits rose 9.5 percent last year compared to 2016, reaching 91.02 billion euros.

Innovative property startup Blueground aims to lease out some 50,000 furnished apartments in 50 cities around the world by 2023.

This is a particularly ambitious target given that the Greek company currently manages some 1,500 properties totaling 1.3 million square meters in nine cities: Athens, Dubai, Istanbul, New York, San Francisco, Boston, Los Angeles, Chicago and Washington.

At a building site in Damascus, trucks and bulldozers zigzag back and forth ferrying sand and stones for a luxury development of residential high-rises and shopping centers.

A former executive of toy retailer Jumbo rejected on Friday allegations his real estate company conducted irregular property sales with Chinese investors, saying the use of its POS to process the transactions was fully in line with banking rules.

Preparations are underway for Exxon Mobil's drilling in Block 10 in the Cypriot exclusive economic zone south of the island.

Already, four support vessels are awaiting for the drillship in Limassol port.

Three times a week, hundreds of Chinese investors arrive at Athens airport to be greeted by Greek real estate agents who drive them straight into the city to view apartments for sale.

Real estate investment companies (REICs) have been discussing plans for student accommodation, furnished apartments and even residential buildings for the elderly where their healthcare needs are also catered to in recent months.

Listed telecommunications provider Forthnet on Tuesday reported a 5.6 percent decline in triple-play subscribers in the first half of the year compared to the same period in 2017, and a 2.7 percent drop in the number of subscribers in Greece and Cyprus for its satellite pay-TV platform Nova.

The Mytilineos group on Wednesday announced a 4 percent increase in after-tax and minority rights earnings over the first half of the year, reaching up to 83.9 million euros, from 80.7 million a year earlier.

Earnings per share amounted to 0.587 euros against 0.564 euros in the first half of 2017.

At a prime location close to the Maribor city centre, a four-room apartment in a relatively new apartment building is being sold. It is found on the first floor of the apartment building on Koroška cesta 80 in Maribor. It measures 140.90 m², with 14. m² 50 dedicated for the lounge and 3.1 m² for the underground storage room.