The Bank of Cyprus recently released its preliminary group financial results for the first quarter of this year and for last year, which show progress towards the group’s goal of reducing risk, as well as a modest after tax profit of $67.6 million.

Following the completion of the rights issues transaction that was approved by the UniCredit S.p.A. board of directors in early February, the company recently released the new composition of its share capital.

Yapi Ve Kredi Bankasi AS has sold its non-performing loan (NPL) portfolio to Guven Varlik Yonetim AS in a deal worth $148 million.

Fabrizio Palenzona has resigned from his role as vice chairman of the board of directors for UniCredit S.p.A.

A U.S.-based workforce management and recruiting company that is disrupting the industry has moved a considerable amount of its operations into Athens, Greece, in part, to take advantage of talent pools in an emerging tech community 

Following his appointment as U.S. commerce secretary, Wilbur L. Ross Jr. recently resigned from his role as a member and vice chairman on the boards of directors for the Bank of Cyprus Holdings Public Limited Co. and the Bank of Cyprus Public Co. Limited.

OMV Petrom has invested $63.4 million to build a new innovative fuel conversion facility at the Petrobrazi refinery.

Erste Bank is taking applications for its Erste Fragments program that awards funds to artists who are 30 years old and younger.

The European Commission applauded new rules approved at a recent Economic and Financial Affairs Council (ECOFIN) meeting that will make it easier for the European Union (EU) to prevent tax avoidance by multinational companies.

The UniCredit S.p.A. board of directors recently evaluated the compliance of newly appointed members with requirements from statutory and regulatory provisions.

Bucharest Stock Exchange (BVB) and the Rotary International District 2241 Romania and the Republic of Moldova have teamed up to offer free financial and entrepreneurship education programs.

Gorenje has won the Best from Serbia award from the Serbian Chamber of Commerce and the Ministry of Commerce, Tourism and Telecommunication.

Raiffeisen Bank recently launched a range of services for students at the Sarajevo School of Economics and Business, including a lounge dubbed the Raiffeisen CLUB Student Corner and free online banking services.

The Greek Initiative for Work Experience was held recently at the Ceremonial Hall of the University of Belgrade.

A trio of economists with the International Monetary Fund has published a paper detailing how to determine the sustainability of debt.

According to its recently approved Annual Financial Report 2016, the Piraeus Port Authority S.A. had a 3.6 percent increase in revenues last year at $109.3 million, up from $105.5 million in 2015.

South Central Ventures (SCV) is the latest international investor to participate in a $500,000 seed round for UK and Macedonian startup Cognism, which has created innovative solutions for organizations to give customers with efficiency and privacy.

Banca Intesa is offering a special loan geared toward helping agricultural projects as the spring planting season nears.

A video gaming company based in Bulgaria has now closed its doors, but up until under a year ago, Tesseract Interactive was hard at workbuilding the future of high-tech gaming.

The European Commission recently released its European Semester 2017 assessment, suggesting that many European Union countries have improved economically in the past year.