Globalworth founder Ioannis Papalekas buys € 27.3 million in his own company

Globalworth founder Ioannis Papalekas buys € 27.3 million in his own company

Globalworth founder and CEO Ioannis Papalekas bought three million shares of the company, which he paid € 27.3 million, at a price of € 9.10 per share. Papalekas held 29.15 million shares in Globalworth, representing 15% of the total.     According to the latest Globalworth market report, Globalworth’s largest shareholders are, alongside Growthpoint Properties with...

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Romanian economy to slow down, but outperform most EU countries

Romanian economy to slow down, but outperform most EU countries

After 2017’s stellar GDP expansion of over 7%, Romania was the fastest growing country in the European Union. It was mostly a private consumption story, though exports held up quite well amid an unexpected robust Eurozone economy. In 2018, given the limited room for fresh fiscal stimulus and expected monetary policy tightening, GDP growth is...

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