Latest News - Finance - Greece

As the traditionally busy summer period approaches in the Greek real estate market some vendors are drastically reducing prices to bring funds back to the UK while the Euro still has strength against Sterling.

Money blog announcement.Money blog press release.

Datamation, a leading provider of payment solutions for banks, corporates and software developers will be demonstrating its new Payment Hub at this years SIBOS event in Vienna.

Ovetii, the prominent European financial group, believe that sagging European market could create opportunities.

The emerging markets funds division of the Athens based financial group Ovetii, is rumoured to have launched a fund dedicated to Russian infrastructure.

Ovetti research reveals that deficits of the top 300 European companies' pension schemes have dropped by 60% over the last 12 months as a result of capital investment from Asia and higher savings.

Ovetii, a leading European financial advisory firm, is rumoured to be raising $50 million for a private placement fund, joining the recently observed trend of growing investment in late-stage venture capital.

According to a source, Ovetii has created a new position, based in Hong Kong, in order to cover sovereign wealth funds and central banks in the Asia region, a market that is predicted to be worth $5.1 trillion (€3.6 trillion) by 2012.

Ovetii has reportedly revealed that mergers and acquisitions activity has slowed after recently running at record levels.

According to new research by Ovetii, some of Europe's largest companies are in danger of breaching their debt covenants and may increase the risk borne by their creditors.

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