AVAX, a prominent construction company in Greece, has seen its market valuation surpass half a billion euros, a significant milestone that brings satisfaction to its president, Christos Ioannou. This achievement comes after his challenging divorce from the Paraskevaidis family, after which he took the reins of the company. Despite the impending conclusion of the Recovery Fund period, Ioannou's leadership seems to be smoothing the path ahead for the company compared to previous years.

At 54, Ioannou, alongside co-shareholders Konstantinos Mitzalis and Konstantinos Kouvaras, has secured involvement in a variety of notable construction and energy projects, ensuring high visibility for AVAX. Their portfolio includes significant infrastructure developments, such as Line 4 of the Athens Metro and the Flyover in Thessaloniki, as well as projects like the facilities in Helliniko and three hospitals funded by the Stavros Niarchos Foundation. This diverse range of projects showcases their strategic positioning in the construction sector.

The successful management and ownership transition within AVAX under Ioannou's guidance indicate a more stable future for the company as it tackles ambitious projects across Greece. The completion of key projects could further bolster AVAX's market presence and contribute to Greece's broader economic recovery, reflecting how strategic investments in construction and infrastructure play a vital role in economic development.