Cyprus Mail
Business

J&P Avax to seek more projects abroad to offset declining demand in Greece

J&P Avax to seek more projects abroad to offset declining demand in Greece

By Stelios Orphanides

J&P Avax Group, one of Greece’s largest construction companies, 44 per cent-owned by Cyprus’s Joannou & Paraskevaides Group, is seeking more projects abroad for its order book to offset a drop in domestic demand, a board member said.

But seeking business abroad is one thing and getting it is another, as the uncertainty over Greece’s membership in the euro area undermines the company’s efforts, Stylianos Georgallides, executive director at J&P Avax said in an interview on March 26.

Related Posts

Indian refiners pay traders in dirhams for Russian oil

Reuters News Service

Samsung LED settlement worth $150 million, nanotech firm says

Reuters News Service

Nestle to hike food prices further in 2023

Reuters News Service

Lufthansa, Air France-KLM eye Flybe landing slots

Reuters News Service

Performance of Cyprus banks disappointing since 2015

Les Manison

High blood pressure? A heart app prescribes musical therapy

CM Guest Columnist