J&P AVAX SA recently will absorb two of its wholly owned subsidiaries, E-Construction SA and PROET SA, a move it has disclosed in compliance with Greek law.

Perhart Tec Grup, the largest tissue paper manufacturer in Romania, has been granted a revolving loan worth $25.3 million.

International maritime corporation GasLog recently acquired a 20 percent stake in Greece’s Gastrade S.A., which is behind the development of a floating LNG receiving, storage and regasification unit (FSRU) offshore of Alexandroupolis.  

Serbian Private Equity Association has teamed up with the Central South Eastern Europe (CSEE) Investment Summit for a one-day event March 30.

With the publication of the Financial Supervision Commission’s balance sheet review, which confirmed compliance of Euroins Insurance Group AD (EIG) and all of its subsidiaries, the group now considers its capitalizing plan to be finalized.

Banca Intesa has grown the placement of mortgage loans in 2016 to 40 percent and held a market share of 23 percent.

Aegean Airlines has new Miles+Bonus partnerships in Kavala, Greece.

Vojvodjanska Bank received MasterCard's Regional Data Integrity Award for 2016.

The Hellenic Banking Association (HBA) recently released the results of a study of Greece’s banking sector a year and a half into the imposition of capital controls, offering a snapshot of the country’s crisis-battered industry.

Condor, a low-cost airline, will be offering direct flights between Thessaloniki and Frankfurt this summer, flying on Tuesdays and Fridays through October.

The Greek government will soon require certain business sectors to complete transactions electronically with point-of-sale (POS) terminals in an effort to curb VAT tax evasion.

Union of the Greek Shipowners (EEE) President Theodore Veniamis outlined the organization’s efforts to push the European Union to recognize the International Maritime Organization (IMO) as a benchmark at a recent EEE meeting.

Between 2013 and 2014, the country of Bulgaria saw one of its largest and most successful banks get demolished by a trio of a corrupt judiciary, corrupt media, and corrupt government officials in a classic corporate raiding scheme.

Some union leaders in Bulgaria have a message for private businesses: the wages are too low.

An Athens court recently furthered efforts to restructure supermarket retailer Marinopoulos by removing Tuesday's deadline for the resolution of third-party demands in the company’s bankruptcy.

Following June 2015’s imposition of capital controls in Greece, the country has seen a marked increase in electronic transactions, particularly in contactless payments.

Pancretan Cooperative Bank Vice President Nikos Myrtakis will now lead the bank, tanking over from former president Yiannis Lebidakis.

Greek company Gastrade S.A. has finalized selling 20 percent of its share capital to GasLog Ltd.

An investor will take over management of Capsis Hotel in Thessaloniki, Eurobank said.

Caterpillar recently introduced two new electric counterbalance forklifts ranges: the 48V and 80V EP ranges, which cover three- and four-wheel forklifts capable of handling between 1.3 tons and 5 tons.