Real estate

Hellenic Petroleum sees 2018 EBITDA topping 1 billion euros, CEO says

Core profit at Hellenic Petroleum, Greece's biggest oil refiner, is expected to top 1 billion euros ($1.2 billion) this year, the company's chief executive said on Sunday.

Core profit, or earnings before interest, tax, depreciation and amortization (EBITDA), including oil inventory holdings, came in at 851 million euros last year.

Now collecting binding bids for a building land at a prime location in the centre of Ljubljana

Outstanding investment opportunity

The highly favourable location, great traffic connectivity, and the plot's existing utility connections make up for an exceptional investment value. The community infrastructure levy in the approximate amount of EUR 1.500,000.00 has already been paid for the property (the levy is included in the price).

The Four Neighborhoods in Sofia, where the Most Homes are Currently Sold

"Dianabad", "Manastirski livadi-Iztok", "Geo Milev" and "Oborishte" are the four neighborhoods in Sofia, where there is the largest number of purchases of housing at the moment. Of these, prices are the lowest in Dianabad - an average of 950 euros per square meter, and the highest - in Oborishte - an average of 1300 euros per square meter.

High-time for an investment in the construction of apartments

Most of the demand is for apartment buildings, and it seems multidwelling units have once again become an interesting long-term investment. As experts believe that a high number of apartments could easily be sold in Maribor at this moment, it is high-time to seize the opportunity and invest in Maribor's undeveloped land lots.

Plovdiv, Burgas and Varna with most Residential Buildings put into Operation

According to the preliminary data of the National Statistical Institute, the number of new buildings put in operation in the first quarter of 2018 was 565 and the newly constructed apartments were 1 530. Compared to the first quarter of 2017, the buildings were 103 more, or 22.3% increase, while the dwellings in them decreased by 221, or by 12.6%, the NSI reported.

Pages