Tag Archives: million euros

Croatia’s Arena Hospitality swings to negative after-tax profit in 2021

ZAGREB (Croatia), March 4 (SeeNews) – The Croatian hotelier Arena Hospitality [ZSE:ARNT] posted a consolidated profit after tax of 31.5 million kuna ($4.6 million/4.2 million euros) for last year, after a loss of 227.3 million kuna for 2020. After-tax profit recovered slightly to 21% from 2019’s pre-pandemic level, the company …

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Israeli investor buys Delta City Mall Podgorica in Montenegro for 95 million euros

PODGORICA (Montenegro), February 22 (SeeNews) – Israeli company BIG Shopping Centers has announced that it has signed an agreement to acquire Delta City Mall Podgorica in Montenegro for 95 million euros ($108 million). BIG Shopping Centers will acquire the company through CEE-BIG BV, a company in which it has a …

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Piraeus Bank buys additional stake in property company Trastor By Reuters

© Reuters. ATHENS (Reuters) – Piraeus Bank has reached an agreement with investment firm Varde Partners to buy its controlling stake in Trastor Real Estate Investment Company for around 98 million euros ($111.04 million), it said on Friday. the bank. Under the deal, Piraeus, which now has a 45% stake …

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Illicit crime money ‘circulates’ through Bosnia, Serbia and Montenegro – Report

Drawing. Photo: pixabay.com/Letti-S Millions of euros generated by corruption, tax evasion and organized crime pass through Bosnia and Herzegovina, Montenegro and Serbia each year, a new report of the Global Initiative against Transnational Organized Crime, GI-TOCreleased Wednesday, said. The NGO’s report,Illicit Financial Flows in Bosnia and Herzegovina, Montenegro and Serbia: …

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Novak Djokovic’s real estate portfolio

The tennis star loved the design and location of the New York apartments.Credit:565 Broome Soho/Bizzi & Partners. “I love the design of these two buildings and their location is fantastic,” Djokovic said in a statement at the time. “New York and Miami are on my travel list every year, and …

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JULIUS MEINL LIVING LAUNCHES THE “JULIUS” BRAND AND UPDATES ITS PROPERTIES

Julius Meinl Living PLC, through its group companies, acquires prime real estate assets to be developed into serviced residences which the group will then operate itself (“Julius Meinl Living”). 2021 continued to provide a challenging environment for the hospitality industry. While Covid-related travel restrictions have been relaxed throughout the year, …

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The best RFE / RL surveys of the year

There is a problem with the remote and sprawling network of pipelines and pumping stations that helps Russia move its vast oil resources, making it the world’s second-largest exporter of crude. People are stealing oil. And it’s not just ordinary citizens: they are sophisticated organized criminal groups, operating under the …

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An overview of the reports from Pandora Papers from Eastern Europe

Offshore financial activities linked to prominent politicians, state-owned companies, trade deals with the government, and lucrative real estate all featured prominently in Pandora Papers reporting by journalists from Eastern Europe. – a region which faces some of the most serious threats to press freedom in the world. The Pandora Papers …

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Sunce Hotels invests 44.2 million euros in the renovation of its facilities

December 20, 2021 – Dalmatian hotel brand Sunce plans to invest a huge amount of money in the general ‘redevelopment’ of their many facilities with the hope that 2022 will be the year that tourism and travel return to pre-pandemic standards. Like Jozo Vrdoljak / Novac / Jutarnji List writes, …

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Globe Trade Center SA: GTC Board of Directors with new members

GTC announces that the company’s supervisory board has just appointed Pedja Petronijevic as Director of Development and János Gárdai as Director of Operations. The new Development Director and Board Member of GTC, Pedja Petronijevic, joined the group in 2008 as Technical Director for Serbia. Since 2012, when he was promoted …

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Hystead hopes to finalize the sale of Delta City Mall Podgorica in Q1’22

PODGORICA, Montenegro, Dec. 6 (SeeNews) – UK company Hystead Limited, majority owned by South African real estate investment company (REIT) Hyprop Investments, plans to close the sale of Delta City Mall Podgorica in Montenegro in the first quarter 2022, he said on Monday. “The sale agreement is currently under negotiation …

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Greece: hotel reservation demand to peak in 20 years in 2022, according to Eurobank

Photo source: www.eurobank.gr Hotel booking demand in Greece expected to peak in 20 years in 2022, according to Eurobank Deputy CEO and Head of Corporate & Investment Banking Konstantinos Vassiliou. Speaking to reporters at an online press conference on Tuesday, Vassiliou said that despite the ongoing coronavirus (Covid-19) pandemic, Greek …

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Hystead Limited completes sale of Delta City shopping center in Belgrade

BELGRADE (Serbia), December 1 (SeeNews) – British company Hystead Limited, majority-owned by South African real estate investment company (REIT) Hyprop Investments, has completed the sale of Delta City Mall in Belgrade, the capital of the Serbia, Hyprop announced on Wednesday. . “The assignment is now complete and the cash proceeds …

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Serbia towards a new development model?

Anyone who comes to Belgrade these days can see new buildings everywhere and feel an air of economic boom: more and more cars, always newer and more luxurious, caught in increasingly frequent traffic jams; crowded restaurants, with a very flexible interpretation of physical distancing rules, which only accept weekends from …

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Serbia to complete overhaul of Nis-Dimitrovgrad railway in 2024

BELGRADE (Serbia), Nov. 26 (SeeNews) – Serbia aims to complete the overhaul and electrification of a 100 km railway line from Nis to Dimitrovgrad on the Bulgarian border in early 2024, the minister said of Infrastructures Tomislav Momirovic. “We invest in, build and design over 1,200 km of freeways and …

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Vui: Everything is okay; we could only achieve this with the Russians – English Business and Economics

Serbian President Aleksandar Vui has said he will have a meeting with Russian President Vladimir Putin in 24 hours. Source: B92.net Wednesday 24 November 2021 | 10:50 Printskrin: Instagram / buducnostsrbijeav Metro increases the price per square meter President Vui also referred to the construction of the metro in Belgrade, …

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GTC’s 9-month gross margin on Sofia portfolio decreases and revenues increase

SOFIA (Bulgaria), Nov. 23 (SeeNews) – Polish property developer Globe Trade Center (GTC) said its portfolio in the Bulgarian capital Sofia generated a gross margin of 6.6 million euros (7.5 million euros). dollars) in the first three quarters of 2021, slightly lower than the 6.7 million euros in the same …

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As a sign of thawing tensions, Serbia opens trade office in Jerusalem

Sign of the rise of trade relations – and a possible restoration of political ties – Serbia inaugurated its innovation and trade office in Jerusalem last week. The move comes after months of Serbian anger after Israel became embroiled in an American effort to negotiate a bitter dispute in the …

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Investment shows signs of improvement

GTC Green Heart in Belgrade. Global commercial real estate company Avison Young reported an investment volume of 4.2 billion euros for the first half of the year in the Czech Republic, Hungary, Poland, Romania and Slovakia. The consulting firm recorded € 2 billion in Poland alone. This follows the pattern …

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Bechtel and ENKA obtain loan guaranteed by UK Export Finance for project in Serbia

Bechtel ENKA UK Limited, a joint venture between Bechtel and ENKA, has reached its first export deal with UKEF to secure a secured loan of 430 million euros (around £ 363 million) for the construction of a 5G-capable motorway in Serbia. The UKEF-backed buyer’s credit facility will help Bechtel and …

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BIG Shopping Center has raised 55 million euros on the Israeli stock exchange

BIG Shopping Center has raised 55 million euros on the Israeli stock exchange to continue its expansion in Serbia and the Balkans Source: RP Thursday, October 21, 2021 | 11:49 Photo: Saša Radojević BIG Shopping Centers Ltd., the majority shareholder (~ 95%) of GREAT EEC, successfully raised 205 million shekels …

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The elite of emerging Europe and the Pandora Papers

More than a few political leaders in Central and Eastern Europe have been embarrassed by the leak of the Pandora Papers. On October 3, the International Consortium of Investigative Journalists (ICIJ) released 11.9 million leaked financial documents, exposing the offshore secret accounts of 35 world executives and 100 billionaires, celebrities …

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STOP SHOP’s Serbian portfolio has reached 100% occupancy: fully leased business parks at 14 sites

The Austrian company IMMOFINANZ has just rented the last free accommodation in its Serbian STOP SHOP portfolio, reaching an occupancy rate of 100%. The new and last tenant is DexyCo at STOP SHOP Borča. IMMOFINANZ, the leading listed commercial real estate investor in Central and Eastern Europe, now has approximately …

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Pandora Papers shows Serbian finance minister owned 24 apartments in Bulgaria – EURACTIV.com

Finance Minister Siniša Mali owned two dozen luxury apartments on the Bulgarian coast. Serbian crime and corruption reporting network KRIK made the revelation after its reporters received the documents via the Pandora Papers leak. KRIK reported that Mali bought one of the apartments in its name, while buying the other …

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Serbia and Hungary: illiberal axis or confluence of interests?

Serbian Prime Minister Ana Brnabić traveled to Budapest to meet with his Hungarian counterpart Viktor Orbán earlier this month. On this occasion, the two signed a strategic partnership agreement. Hungary became the seventh country with which Serbia has a strategic partnership agreement, after France, Italy, Russia, China, United Arab Emirates …

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Merkury Market buys Emmezeta stores in Croatia and Serbia for 120 million euros ($ 140 million) – report

ZAGREB (Croatia), Sept.27 (SeeNews) – Polish DIY retailer Merkury Market has bought 16 Emmezeta furniture and appliance stores in Croatia and Serbia for more than 120 million euros ($ 140 million) from American real estate investments company LCN Capital Partners, according to Croatian media. “The transaction is closing,” local magazine …

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Hyprop advances its strategy

Hyprop Investments, a JSE-listed real estate investment company, said it made good progress in executing its strategy for the fiscal year ended June 30. It made progress on all its priorities, in particular strengthening the balance sheet, advancing the implementation of its non-tangible strategy with the successful opening of the …

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Eurobank profitable in first half, says asset quality trends hold up

View of a Eurobank branch in central Athens on March 11, 2015. REUTERS / Yannis Behrakis / Files ATHENS, Aug.31 (Reuters) – Eurobank (EURBr.AT), one of Greece’s four largest lenders, was profitable in the first half thanks to lower provisions for bad loans and higher income in commissions, after losses …

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Polish company GTC plans to develop new office building in Sofia

SOFIA (Bulgaria), Aug. 25 (SeeNews) – Polish property developer Globe Trade Center (GTC) has announced its intention to develop a new office building with a leasable area of ​​9,200 m² in the Bulgarian capital Sofia. GOC EAD, registered in Bulgaria, a 100% subsidiary of GTC, acquired on June 1 a …

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SSP: “It will take 250 years for the state to return the money spent on the Belgrade waterfront”

Freedom and Justice Party (SSP) departmental economy and finance committee chairman Dusan Nikezic said it would take 250 years for the state to return the € 2 billion it he spent on the Belgrade waterfront real estate development project. . According to him, over the past three years, the Serbian …

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The state budget has benefited nothing from Belgrade Waterfront

Although due to persistent media propaganda, the public is convinced that Belgrade Waterfront is the “real estate project of the century”, its two dependent companies recorded in 2020 a deficit of almost 18 million euros. Also, by the end of 2021, they will have to repay 25 million euros, which …

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EBRD lends € 5 million to ProCredit Serbia for green investments

BELGRADE (Serbia), Aug. 9 (SeeNews) – The European Bank for Reconstruction and Development (EBRD) announced on Monday that it is providing a loan of 5 million euros ($ 5.9 million) to ProCredit Bank Serbia for investments in residential energy efficiency. The funding, provided under the EBRD’s Green Economy Finance Facility …

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Home hunt in Montenegro: a villa by the bay with a mountain landscape

A 19th century stone villa on the coast of Montenegro $1.8 MILLION (1.5 MILLION EUROS) This four bedroom semi-detached stone Villa is in Lepetane, a coastal village just north of the town of Tivit in southwestern Montenegro. The 2,443-square-foot villa, built in 1820 and renovated five years ago, sits across …

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Can crowdfunding in emerging Europe keep up with global growth?

Crowdfunding quickly gained popularity around the world. It is estimated that in 2019 alone, there were nearly 6.5 million crowdfunding campaigns that raised over US $ 34 billion. This total value is expected to reach US $ 300 billion by 2030. Across emerging Europe, despite constant growth, this alternative method …

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ASML order book fills as chipmakers rush to increase capacity

ASML says demand from chipmakers remains strong The company raises its sales growth outlook in 2021 to 35% Dutch company announces € 9 billion share buyback ASML’s second quarter net profit up 38% AMSTERDAM, July 21 (Reuters) – ASML (ASML.AS), one of the world’s largest suppliers of semiconductor companies, on …

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IMMOFINANZ: adds Italy as a new market to its successful STOP SHOP European retail park portfolio

DGAP-News: IMMOFINANZ AG / Keyword (s): Real estate / Extension IMMOFINANZ adds Italy as a new market to its portfolio of successful STOP SHOP European business parks 20.07.2021 / 08:31 The issuer is solely responsible for the content of this advertisement. IMMOFINANZ adds Italy as a new market to its …

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GTC relies on greener financing

After its successful 500 million euro green bond issue, the divestiture of its Serbian portfolio and a number of acquisitions in Budapest, Eurobuild CEE interviewed Globe Trade Center chairman Yovav Carmi and CFO Ariel. Ferstman, on the company’s post-pandemic plans. Your recent 500 million euro green bond issue, I believe, …

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Slightly higher MSE index

Slightly higher MSE index

The MSE Equity Total Return index made a marginal gain, closing up 0.05% at 8,040.399 points. A total of 13 stocks were active, where winners and losers totaled five per coin. The total weekly turnover has more than tripled, reaching 0.9 million euros, generated from 78 transactions. In the banking …

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Serbia borrows € 200m from EIB to help COVID-19 recovery

BELGRADE, June 30 (Reuters) – Serbia on Wednesday borrowed 200 million euros ($ 237 million) from the European Investment Bank (EIB) and will use the money to help small and medium-sized businesses recover from the crisis. COVID-19 crisis, the lender said. The loan is part of a larger EU financial …

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Made in Emerging Europe: SonarHome, Atelier MVP, LabShare

The start-up scene in emerging Europe is flourishing: new money is constantly pouring into the market. To keep you up to date with the latest investments, innovations, engines and shakers, every Monday Emerging europe offers you a practical overview of start-ups in the region that have closed funding rounds in …

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Hungarian group Indotek accepts purchase of Belgrade office portfolio

The GTC FortyOne II building, part of the Belgrade office portfolio acquired by the Hungarian-American group Indotek. Regional developer and investor GTC has reached an agreement to sell its Belgrade office portfolio to Hungarian investor Indotek Group. The proposed acquisition price is € 267.6 million. The agreement will cover the …

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EBRD invests € 42.5 million in CTP’s Green Eurobond to support expansion in Romania and Serbia

BUCHAREST (Romania), June 23 (SeeNews) – The European Bank for Reconstruction and Development announced on Wednesday that it is investing 42.5 million euros ($ 50.7 million) in the euro issue. € 500 million green bonds from Czech property developer CTP to support CTP’s expansion in Romania, Serbia and three other …

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NEPI Rockcastle sells two Serbian shopping centers

NEPI Rockcastle will sell two shopping centers in Serbia – Kragujevac Plaza and Kruševac Shopping Park – to CEE BIG for € 60.8 million. Through its wholly owned subsidiary NE Property, NEPI Rockcastle has entered into a binding agreement to sell its 100% stake in both centers (both of which …

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Big jump in sales of building land

In May of this year, up to 73% more contracts stipulating the sale of building land were concluded than in May of last year and the year before. All types of land are predominantly purchased for cash. In May, as in April, the significant increase in the number of contracts …

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Arcona Property Fund buys two office buildings in Bucharest from SPDI

BUCHAREST (Romania), June 14 (SeeNews) – Arcona Property Fund NV announced on Monday that it has signed agreements for the purchase of two office buildings in Bucharest belonging to Secure Property Development & Investments Ltd (SPDI) and valued at a total of 9.87 million euros ($ 12 million). The purchases …

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A pandemic has led to the warehouse boom in southeastern Europe

Like others in the industry, the Dutch group Raben has seen growing interest from companies seeking to establish supply chains close to key Western European markets to avoid costly disruptions such as those caused by COVID. -19. Private group Raben – which operates in 13 European countries serving industries such …

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Serbian antitrust body clears acquisition of Napred 41 by Polish GTC

BELGRADE (Serbia), June 3 (SeeNews) – The Serbian competition authority has announced that it has authorized Polish property developer Global Trade Center (GTC) to acquire Napred 41, which holds the long-term right to lease 19,500 square meters in the New Belgrade District Zone of block 41. By purchasing Belgrade-based Napred …

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Corruption in the Balkans threatens to derail EU membership application | Voice of America

European Union leaders are expected to discuss in the coming weeks the progress of long-standing requests from the Balkan states to join the bloc. But recent studies exploring the scale of money laundering in the region should not appease France and the Netherlands, which, among other member states, want to …

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GTC sells its Belgrade portfolio to Indotek

Globe Trade Center has signed an agreement to sell its office portfolio in Belgrade to Hungarian investor Indotek for 267.6 million euros. The transaction, which involves eleven buildings in five business parks with a combined area of ​​122,175 m², is expected to close in the third quarter of 2021. The …

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GTC sells 11 office buildings in Belgrade to Hungarian investor Indotek

Globe Trade Center (GTC) has decided to sell its Belgrade office portfolio to Hungarian investor Indotek Group. The proposed acquisition price is € 267.6 million, exceeding the book value of GTC’s portfolio in Serbia as at December 31, 2020. The agreement will relate to the sale of 11 buildings within …

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Hungarian investor Indotek buys EUR 268 million office portfolio in Serbia | New

Hungarian investor Indotek buys € 267.6 million office portfolio in Serbia from Globe Trade Center (GTC). GTC said it has agreed to sell its Belgrade office portfolio of 11 buildings in 5 business parks. The price of 267.6 million euros is 2 million euros higher than the book value at …

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