Category: Undertakings
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Large: Piraeus expects a 10% increase in loans in 2024, target net credit expansion of 10 billion over the next 4 years
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in UndertakingsNet credit expansion of 10 billion over the next 4 years, expects the , as the CEO of the bank said, speaking on panels with the heads of the four Greek systemic banks, at the Morgan Stanley and UAE conference in London. Specifically, Mr. Megalos said that Piraeus Bank’s strategic priority is to increase funding…
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Attica Group: At 593.4 million euro the consolidated turnover at 9 months
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in UndertakingsAt 593.4m euros its turnover was in the 9 month 2024, compared with 465.6m euros in the 9 month of 2023, with an increase of 27.4%. The consolidated Profits before Taxes, Finance, Investment Results and Depreciation (EBITDA) of Attica Group amounted to EUR 93,5 million compared to profits of EUR 121,3 million in the nine…
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Alumil: At EUR 40.9 million operating profits in the 9 month
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in UndertakingsA significant increase of 55.5% recorded the group’s operational (EBITDA) in the 9 months of 2024, reaching 40.9 million euros and highlighting the increased profitability of the group. The Company’s operating profits (EBITDA) increased dramatically by 61.9%, at 19.1m euros compared to 11.8m euros last year. The Alumil Group increased its turnover by 13.7%, reaching…
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Mastercard – Lamda Development: Cooperation for transactions in the country’s largest shopping centers
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in UndertakingsIt continues for another year its collaboration with the aim of offering Mastercard card holders and visitors to Lamda shopping centers in Athens and Thessaloniki gifts and purchasing experience, according to the relevant announcement. More importantly, from November 23 to December 31, 2024, Mastercard card holders who make transactions in the stores and parking spaces…
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Mastercard – Lamda Development: Cooperation for transactions in the country’s largest shopping centers
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in UndertakingsIt continues for another year its collaboration with the aim of offering Mastercard card holders and visitors to Lamda shopping centers in Athens and Thessaloniki gifts and purchasing experience, according to the relevant announcement. More importantly, from November 23 to December 31, 2024, Mastercard card holders who make transactions in the stores and parking spaces…
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Mastercard – Lamda Development: Cooperation for transactions in the country’s largest shopping centers
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in UndertakingsIt continues for another year its collaboration with the aim of offering Mastercard card holders and visitors to Lamda shopping centers in Athens and Thessaloniki gifts and purchasing experience, according to the relevant announcement. More importantly, from November 23 to December 31, 2024, Mastercard card holders who make transactions in the stores and parking spaces…
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The Apostle Petalas (NSA) at Newsit.gr: It will exceed 700 codes for products with reduced prices
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in UndertakingsThe 700 codes will exceed the wide consumption with reduced prices in , according to what the Director General of the Association Super-Market of Greece (NSE) stated exclusively in Newsit.gr, Mr. Apostolos Petalas. In particular, Mr Petalas said that the new product codes in the supermarkets will be announced within the week (2.12 – 8.12),…
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Trump’s duties are not concerned with the head of Mexico’s only Chinese car factory
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in UndertakingsIt has only one Chinese car assembly plant, but its CEO is not concerned by his threats to tariffs, according to a Bloomberg report. It is noted that Elias Masri is chairman of the board and CEO of Giant Motors Latinoamérica in Mexico, a consortium between the Masri family and Grupo Financiero Inbursa of billionaire…
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Mitsis Group: Managing the 4th Alexander the Great Hotel in Halkidiki
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in UndertakingsMitsis Group, the largest privately owned hotel chain in Greece, extends its presence to managing the 4th Coastal Alexander the Great through a management agreement with the international hotel investment partners (HIP). The hotel extends to a green area which ends in the unique beach of Kryopigi in Cassandra. This property management agreement is the…
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METRO SABE: The first Greek retail company to ratify a Greenhouse gas reduction plan
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in UndertakingsMy Market and METRO Cash & Carry is the first Greek retail company to ratify its gas emission reduction plan, in accordance with the requirements of ISO 14064-2:2019. This is another step in long-term planning aimed at sustainable growth and energy neutrality of the company by 2027. The validation of METRO of the Greenhouse Gas…
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elin: Increased turnover by 9% in the year of 2024
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in UndertakingsThe Group’s consolidated turnover amounted in the 1st month of 2024 to 2,250,64m euros compared to 1,880,06m euros of the year 2023, recording an increase of 9%. For the same period, Elin’s gross profits amounted to EUR 61,97 million compared to EUR 51,17 million in the year 2023 and the pre-tax, financial and depreciation profits…
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Kallimanis: Extends its exports to Canada and Dubai
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in UndertakingsYoung people have moved on to the export markets and their presence by introducing the new range of products into the tuna category. Specifically, Kallimanis has moved on to new partnerships, ensuring its entry into the market of Canada through Miron and the Dubai market through Fresh Express. In 2 more new collaborations, Kallimanis has…
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Information on malicious action against Fourlis Group’s electronic systems
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in UndertakingsHe , with a feeling of responsibility towards his employees, partners, clients and shareholders, wishes to inform about an incident presented to him. Specifically, on 27.11.2024, there was a technical problem in the Fourlis Group’s digital and electronic systems, which was ultimately found to be due to malicious external energy. This problem affected the operation…
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Stellantis: CEO Carlos Tavares Quits
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in UndertakingsCarlos Tavares (Carlos Tavares) as announced yesterday (1.12.2024) by the company, with this move being accepted by the Board of Directors, chaired by John Elkan. The procedure for the appointment of Stellantis’ new permanent CEO is on track. It is managed by a Special Committee of the Board of Directors and will be completed within…
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Black Friday 2024: Open until 18:00 stores – Until 20:00 department stores and shopping centers
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in UndertakingsOpen today are the commercial, first day of December and first Sunday of the month, while continuing from several of them its bidding framework Since they opened, with optional power, and the last stores, at 11:00, in the center of Athens, are increased the purchasing movement, as consumers want to benefit from Black Friday discounts.…
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In the final line the plan for the exploitation of the port of Patras with opening on cruise and sea tourism
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in UndertakingsThe model of subsidising certain port services is likely to be qualified to an investor in the area of cruise and maritime tourism. The issue of the exploitation of the two ports has been declared a competition for the recruitment of legal, financial and technical consultants, in order to decide whether the concession of activities…
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In the final line the plan to exploit the port of Patras with opening on cruise and sea tourism
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in UndertakingsThe model of subsidising certain port services is likely to be qualified to an investor in the area of cruise and maritime tourism. The issue of the exploitation of the two ports has been declared a competition for the recruitment of legal, financial and technical consultants, in order to decide whether the concession of activities…
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Psaltis (Alpha Bank): Our partnership with Unicredit gives a straight way to internationalisation of businesses
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in UndertakingsHer readiness to contribute to strengthening the extroversion of Greek businesses, offering them new opportunities thanks to her strategic cooperation with UniCredit, the CEO of Alpha Bank Group, Vassilis Psaltis, stressed today (29.11.2024) at the Greece Talks conference of Travel.gr. At the same time, it highlighted the important historical route of Alpha Bank, which completed…
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Municipal Veterinary Institute in Greek by Hard Rock and GEK TERNA
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in UndertakingsA new important project, aimed at providing continued care for stray animals, the model municipal veterinary centre of the Municipality of Greek Argyroupolis, became a reality with the exclusive sponsorship of Hard Rock and GEK TERNA. The municipal veterinary hospital of Argyroupolis is fully equipped with modern veterinary care and its operation will ensure free…
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Public: 10 new mega stores are coming to the network – When does the store open in Ilion
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in UndertakingsThe creation of 10 new mega “Public + home” is included in the Group’s investment plan for the next three years, expanding the company’s physical presence in strategic locations throughout Greece. In particular, by the end of 2024, two new stores are planned in central areas, Ilion and Heraklion Crete, aiming to offer consumers more…
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Black Friday 2024: How is the clientele shared between eshops and shops?
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in UndertakingsThe coveted arrived today (29.11.2024) and the Greeks seem divided over the way they will make their purchases. Do they prefer online shopping or shopping at a natural store? More than 4 out of 10 Greek consumers shop online and 5 out of 10 in natural shops in Black Friday 2024 and Cyber Monday (2.11.2024),…
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TERNE ENERGY: At 52.3m euros adjusted net profits with an increase of 45.3%
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in UndertakingsA significant increase was made in revenue and revenue in the nine months of 2024, according to the results announced. In particular, TERNA ENERGY announced a 42.6% revenue increase and net profits from ongoing activities by 45.3%, mainly as a result of increased installed power over the respective period of the previous year. The net…
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GENTER: The net profits to shareholders increased by 29.2%
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in UndertakingsThe net shareholders of the Group increased by 29.2% in the nine months of 2024 and amounted to 114.6 million euros (of which 96.1 million euros from ongoing activities). At the same time, the operating profitability (adj.EBITDA) of GEK TERNA increased by 9.5% in the same period, up to EUR 433.9 million (of which EUR…
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Attica: The 15m-euro investment plan for the next three years
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in UndertakingsThe department stores will continue in 2025 , with the remaining 15m euros for the next three years, from an investment plan of a total of 40m euros launched in 2021 and completed in 2027. In particular, the investments of the department stores attica amounting to EUR 15 million concern the company’s existing facilities and…
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D. Other: Bumi (Attica): The 15m-euro investment plan for the next three years
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in UndertakingsThe department stores will continue in 2025 , with the remaining 15m euros for the next three years, from an investment plan of a total of 40m euros launched in 2021 and completed in 2027. In particular, the investments of the department stores attica amounting to EUR 15 million concern the company’s existing facilities and…
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AEGEAN and Fraport Greece in Chania to promote tourism
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in UndertakingsAt the event held yesterday (27.11.2024) by the and Chania presence of the CEO of AEGEAN Dimitris Gerogiannis, as well as the Director-General for Development of Fraport Greece, George Vilos, in the context of their long presence in the prefecture and their effective cooperation to promote tourism, the development of AEGEAN in Chania during its…
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Attica department stores: Investments of EUR 40 million from 2021 to 2027
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in UndertakingsAttica department stores, a member of Ideal Holdings, strengthen their development path with the investment plan, totaling 40m euros, launched in 2021 and expected to be completed in 2027. Through a dynamic development strategy, presented at a special event by members of the administration, attica aspires to be a timeless destination for new trends in…
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Masdar completed the deal to acquire 70% of TERNA Energy
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in UndertakingsAbu Dhabi Future Energy Company PJSC – Masdar (“Masdar”), leader of clean energy in the United Arab Emirates, announced today the successful completion of the acquisition of 70% of the shares of TERNA ENERGY SA. E.T. E (TENERGY.AT) by GEK TERNA A. E (GEKTERNA.AT) and other shareholders, having received all necessary regulatory approvals. The agreement,…
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PPC Group: Significant performance records sustainable development report
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in UndertakingsShowing its constant commitment to create long-term value, the Group presented the annual Sustainable Development Report for 2023, in accordance with the international standards of the Global Reporting Initiative (GRI Standards) and the ESG Information Disclosure Guide of the Athens Stock Exchange. For the fourth year PPC openly records its performance at group level and…
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Energean: Significant rise in production and economic sizes in the 9 month
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in UndertakingsThe announced increase in its growth and improvement of economic sizes for the 9 month of 2024. More specifically, Energean’s daily production was boosted by 31% on an annual basis, reaching 156 thousand barrels of oil equivalent (83% in natural gas), while profits before taxes, interest and depreciation (EBIDTAX) were set at $894 million (+44%).…
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Banks: Strategic objective of strong presence outside Greece
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in UndertakingsThe top priority on their agenda is the re-acquirement of strong presence abroad, after its ‘streaking’ out of their presence due to the crisis and recaptures. Through acquisitions and mergers or strategic alliances, Greek banks will attempt to rebuild a strong outside Greece presence, not only on European territory, but in the Middle East as…
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The cost share at the final price of products in supermarkets
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in UndertakingsThe ones we see on their shelf are formed by different factors, each with its own share in the composition of the average final price of the items, according to an analysis of the prices in the supermarkets (data of 2022), presented yesterday (27.11.2024) at the annual conference of the Institute for Retail Consumer Goods…
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Here comes a barrage of contests for church plots
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in UndertakingsThe portfolio worth millions of euros plans to make use of it , as it has recently announced barrage of competitions involving either real estate or different areas of Attica. Its interest, however, focuses on the Southern Suburbs, as it has large areas, which can bring them significant gains. The Church of Greece announced three…
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Manousakis (ADMIE): Within 2025 feasibility studies for the new electricity interconnection between Greece and Saudi Arabia
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in UndertakingsDuring his speech at the 13th Arab-Hellenic Economic Forum, the cooperation steps leading to the rapid maturation of the new Greece-Saudi Greek Interconnectedion, Mr. Manos Manousakis was quoted as President and CEO. As the President of the IPTO said, feasibility studies have already been commissioned for the major energy project that will first link Europe…
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Everest: Aim the operation of 30 shops in Heraklion Crete within the next two years
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in UndertakingsThe focus chain continues to develop, both in the urban centres and in the region, by implementing a dynamic development plan on the island of Crete, starting with the Regional Unit. Specifically, there will be 15 Everest stores in Heraklion by the end of the year, while the focus chain is expected to expand through…
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Volkswagen announced it closes its factory in China province
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in UndertakingsThe German car industry announced today (27.11.2024) that it is interrupting its activities in its Sinjiang province, where Beijing is accused of massive human rights violations, including forced labour. The company will sell its factory to the capital of Shinjiang, Urumchi, as well as the test track in Turpan to a Chinese company, pointed out…
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How they react Gucci, Dior, Chanel, Hermes and Luis Vuitton to the crisis in luxury goods industry
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in UndertakingsA new landscape has been formed in the world by ejecting online – electronic transactions. A few years ago, it would be unthinkable to offer these luxury items via the internet to the demanding clientele of the fashion industry, as the online shop, for many fashion houses, was mainly an information channel, while sales had…
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Dimitris Melachrinos (Spitogatos): The rise in the real estate market will continue
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in UndertakingsThe name Spitogatos may be identified for most with the same website of sales and rental of real estate, however, the company has significantly differentiated its field of activity in recent years. Last spring he entered the market for housing intermediation through collaboration with the licensed IMS credit broker, and has invested in a number…
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Nebis (OTE): Our goal is to become one of the leading telecommunications providers in Europe
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in Undertakings“Our goal is to become one of the leading telecommunications providers in Europe,” said the Group’s President and CEO, in yesterday (26.11.2024) presenting the Group’s new strategy to journalists. In particular, Mr. Nebis, who took command of OTE in July 2024, mentioned the three pillars of the renewed strategy to achieve the vision: development, transformation…
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Here come 11,000 layoffs in the German steel giant Thyssen – Krupp
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in UndertakingsBy 11,000 the Thyssen – Krupp ( ) industrial group in the production department wants to reduce its staff, according to the revelation of Handelsblatt. The only sure thing about the company’s management is that the Thyssen – Krupp subsidiary in Germany will in the future employ 11,000 fewer employees in the steel production department.…
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Gazprom: Gas flow shutdown plan in Europe via Ukraine since 2025
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in UndertakingsThe Russian Group is preparing for a scenario where flows through Ukraine will stop completely from 2025. Gazprom’s plans, which have not yet been approved by the administration, define a key scenario where no natural gas will pass through Ukraine when the current agreement expires at the end of the year, according to Reuters. Although…
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Stassis: PPC’s investments contribute to energy security in the wider region of Southeast Europe
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in UndertakingsThe Group’s upgraded role in energy security and geopolitical stability in the Southeast European region focused on the President and CEO of PPC Group, Mr. during his central speech during the “Geopolitics and Energy Security: A Brussels Conversation” conference held yesterday (25.11.2024) in Brussels at the German Marshall Fund of the United States in collaboration…
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Kri-Kri: Sales increased by 17.4% in the 9 months of 2024
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in UndertakingsIts turnover increased by 17.4% in the 9 months of 2024, reaching EUR 207.48 million, compared with EUR 176.67 million in the respective period last year. At the same time, the gross profits of the dairy industry Kri-Kri amounted to EUR 69.45 million compared to EUR 62.74 million in 9 months 2023, while operating profits…
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TTE: Cooperation protocol signed with the Securities and Exchange Commission
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in UndertakingsA cooperation protocol was signed by the TE and the , replacing the earlier framework and strengthening their cooperation. It is noted that the protocol was signed in the central building of the Bank of Greece by its commander, Giannis Stournara, and the president of the Capital Market Commission, Vasiliki Lazarakos. The new cooperation protocol…
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Fourlis Group: Consolidated sales increased by 4.6% in the 9 month of 2024
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in UndertakingsA 4.6% increase was recorded by the consolidated ones for the 9 month of 2024, reaching 407,6m euros, from 389,6m euros in the corresponding period last year. According to the Fourlis Group Communication, the sales increase was supported by all retail activities, as well as the significant increase in third party revenues of Trade Estates.…
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Kostas Nembis: OTE Group’s vision, commitments and strategy by 2030
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in UndertakingsHis new vision, commitments and strategy was presented by the company’s President and CEO, Mr., giving a clear picture of the position of OTE, but also of the country, by 2030. From July 1st, when he took charge by succeeding Michael Chamaz, Mr. Nembis works intensively for the next day of OTE, along with his…
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Digital Working Card: How to avoid fines and other risks
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in UndertakingsMore and more branches apply its use , which is constantly expanding and gradually adopting it will become compulsory in almost all Greek sectors . However, compliance with the new measure must be done correctly from the first moment, as if errors or omissions are detected, fines will amount to up to EUR 10,500 per…
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DESFA: Great interest in LNG auctions in Rethymnon
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in UndertakingsA great deal of interest has been drawn from the market by its current auction process to commit time-barrel (slot) unloading and gasification capacity at the Revithusa terminal. According to the data announced yesterday (25.11.2024) by DESFA, all positions, except four, for the period 2025 – 2030, have already been committed, “confirming the decisive role…
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ECON: One step away from the top 7th grade degree
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in UndertakingsA decisive step was taken yesterday (25.11.2024) or to obtain the 7th-class ergonomic degree, as the company’s merger with the Energy Node was approved. With this move now, Athanasios Shipsa’s company, EKTER, can claim larger public works and compete with other powerful construction companies, such as METKA, AVAX, AKTOR and TERNA. At the same time,…
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Black Friday 2024: Battle of Discounts in large electronics chains
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in UndertakingsConversely the time for Friday (29.11.2024) is counting, while the informal discount period has already begun with the large chains and electronics putting discounts on popular everyday products since last Friday (15.11.2024). During the discount period of Black Friday 2024, offers to technology and electrical appliances are the most attractive for Greek consumers, as they…
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Strategic cooperation Attica Bank – ECA for SMEs
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in UndertakingsIn strategic cooperation with the country’s largest Chamber of Commerce, it went on today (25.11.2024) with the aim of facilitating access to finance for small and medium-sized enterprises with flexible and privileged pricing solutions to loan and deposit products, as well as payments, payroll and insurance products. As part of the Memorandum of Understanding signed…
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Eurobank: Tour of Management in Thessaloniki – Designs 1.2 billion euro disbursements from 2024 to 2026
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in UndertakingsThree-day tour of Thessaloniki takes place from today (25.11.2024) to Wednesday (27.11.2024). The President of the Board of Directors of Eurobank, George P. Zanias, the CEO, Fokias Karavias, and the Deputy CEOs, Konstantinos Vasileiou, James Giannaklis and Stavros Ioannou, with a scale of high-ranking executives, have a wide circle of meetings with entrepreneurs of the…
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PPC highlights the invisible reality of women with disability victims of gender violence
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in UndertakingsLight to the unseen reality of disabled victims, attempts to throw violence through research and women with kinetic and sensory disability, with more than 2 out of 5 people stating that they have heard of an incident of violence against a disabled woman. For the fourth consecutive year, PPC actively participates in the fight to…
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Intracom Telecom: Invests 45m euros in a new production plant in Kozani
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in UndertakingsA total of EUR 45 million for the creation of high-tech production facilities in Kozani announced today (25.11.2024) the international manufacturer of technological systems and solutions. In particular, Intracom Telecom’s new investment will start its construction within 2025 and is expected to be completed within two years. This project is part of the Greek Government’s…
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The World War on Retail clothing: H&M, Zara and Shein
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in UndertakingsSwedish fashion giant Hennes & Mauritz (H&M) reacts to the dominance of Chinese online retailer Shein with faster product launches. In the future, new products will be able to be on the customer shelves or homes just six weeks after the idea was conceived, group CEO Daniel Erver (Daniel Ervér) told Handelsblatt. Previously, this required…
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EY: One out of three plans to spend less money than last Christmas and New Year’s
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in UndertakingsOne of the three participants in the survey (36%) said he intends to spend less money on Christmas and New Year’s, compared to last year, based on the research of EY, Future Consumer Index Greece 2024. More than half the respondents (54%) said they would spend about the same money, while 4% would spend more…
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Endless EC: The photovoltaic station at the plant facilities is in operation
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in UndertakingsThe 950 kW power station, installed by the paper and detergent industry Endless EC at its plant facilities in Aspropyrgos, was completed and launched. The net value was around 500,000 euros. According to the manufacturer, the annual production of the PV plant is estimated to move at 1,450,000 kwh, which implies a significant reduction in…
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Unicredit: Offer of EUR 10 billion to acquire Banco BPM
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in UndertakingsItalian submitted a bid of EUR 10 billion ($106 billion) for all domestic competitor Banco BPM, opening a second major takeover front, as CEO Andrea Orcel also seeks Commercebank, according to Bloomberg. According to the offer, Banco BPM investors will receive 0,175 new shares of UniCredit for each share of Banco BPM held, according to…
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Eurobank: Acquisition of an additional 24,66% in the Greek Bank
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in UndertakingsThe ‘Eurobank Company’, a subsidiary of ‘Eurobank Ergasias Services and Shareholders’ , announced the conclusion of shares purchase contracts (‘SPA’) with Demetra Holdings Plc (‘Demetra’) and Logicom Services Limited (‘Logicom’) (common ‘Sellers’) on the basis of which Eurobank agreed to acquire a stake of 24,66% (101,794,409 shares) in the Hellenic Bank Public Company Land (‘Hellenic…
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Thrace Plastics: At 282.2m euros the turnover in the 9 months of 2024
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in UndertakingsThe company’s turnover increased by 4.6% in the 9 months of 2024, reaching 282.2m euros, while last year’s sales amounted to 269.9m euros. More specifically, the operational profitability of Plastic Thrace was 36,0 million euros, reduced by 2.7% in the 9 months this year, compared to the nine months of 2023, where EBITDA had reached…
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Ermou among the most expensive roads worldwide
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in UndertakingsFor another year, it is ranked among the most expensive in the world, maintaining its reputation as a top destination for the retail trade in Greece. According to Cushman & Wakefield’s latest exhibition “Main Streets Across the World 2024”, the most popular commercial street in Athens occupies 15th place worldwide, confirming its importance in the…
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The main credit expansion pillar for banks is funding PPP projects
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in UndertakingsThe important contribution of the Greek authorities to the implementation of public and private partnerships projects (), with their representatives presenting their progress and strategies to support the institution, was highlighted by the relevant discussion panel, within the 5th PPP Forum, an initiative by A Energy. In particular, Antonis Koulis, Head of Concessions Finance &…
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EVEA: Plan of fraud in elections denounced by Nikos Sofianos
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in UndertakingsExtensive ongoing plan denounces combination “The EVEA to its members” led by the candidate President Nikos Sofianos, one week before the elections in the Athens Chamber of Commerce and Industry ( ). This is the continuation of an organized plan of fraud that began with the illegal participation in the election of 20 members of…
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Lux: Possible investment in a new factory in Tripoli – Re-placing of Cola
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in UndertakingsIn an investment for new soft drinks production, the Vice President of the soft drinks and juice company “Marlafekas SAE”, Plato Marlafekas, as he said at yesterday’s (22.11.2024) press meeting of GREECE – OURS. In particular, Mr. Marlafekas noted his interest in a second soft drinks factory in Tripoli. Speaking of Lux’s new investments, he…
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Lux: Possible investment in a new factory – Replacing Cola and turning to aluminum for 2025
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in UndertakingsIn an investment for new soft drinks production, the Vice President of the soft drinks and juice company “Marlafekas SAE”, Plato Marlafekas, as he said at yesterday’s (22.11.2024) press meeting of GREECE – OURS. In particular, Mr. Marlafekas noted his interest in a second soft drinks factory in Tripoli. Speaking of Lux’s new investments, he…
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Developments brings ExxonMobil’s decision to proceed directly to drilling within the Cypriot AEZ
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in UndertakingsA very important decision was taken to conduct a drilling in January. It is noted that ExxonMobil has obtained hydrocarbon research permits in two offshore plots (in 5 and 10) in collaboration with Qatar Energy. The wider AEZ also operates American Chevron, Italian Eni and French TotalEnergys. As US group vice president John Ardill told…
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Meeting of RIS leadership with the administration of IPTO and State Grid Corporation of China
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in UndertakingsThe prospects for further cooperation with the State Grid Corporation of China (SGCC) in our country discussed, today (22.11.2024), the Minister of Environment and Energy, Mr.Theodoros Skylakakis, the Secretary-General for Energy and Mineral Raw Materials, Mr. Aristotle Aivaliotis, the President and CEO of ADMI, Mr. Manos Manousakis and the Executive Vice-President of SGCC, Mr. Jin…
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Northvolt applies for bankruptcy – Trouble in European industry EV
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in UndertakingsHer Northvolt manufacturer filed for bankruptcy in the US, bringing a blow to Europe’s ambitions for the development of electric drive. The battery company, once one of the most valuable technology companies in Sweden and throughout Europe, said yesterday (21.11.2024) that voluntary bankruptcy would allow it to restructure its debt, reduce its activities and secure…
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DEDGE: New application shows how much energy is generated by RES across Greece
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in UndertakingsTechnology innovation is fully exploited by the launch of a new application, from which users can be informed directly and accurately of the energy produced by Renewable Energy Sources ( ). The DEDNO, as part of its strategic plan to digitize services and functions, enables all consumers to be informed by the mobile (android and…
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PPC Renewables: Starting construction of three new wind parks in Greece
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in UndertakingsThe construction of three new, total capacity of approximately 100MW, starts PPC Renewables in Greece, as it dynamically progresses the organic development of the ASE portfolio for the Group. PPC’s new wind farms begin to be built in Rodopi, Fokida and Argolida with the supply of 19 new wind turbines of Nordex, type N149/5.X. Upon…
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Improved sizes are foreseen for 2024 by Quest
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in UndertakingsEven stronger sizes are expected for this year, the Group . As the management of Quest noted, led by Apostolos Georgantzis in yesterday’s (21.11.2024) analysts’ conference, in total in 2024 it is estimated that it will be completed with a mild development at the level of revenue, operating and pre-tax profitability. To remind you that…
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Supermarket: Why can’t prices go back to the level three years ago?
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in UndertakingsMild reduction will be recorded in their food by 1% – 2%, according to what the President of the Hellenic Supermarket Association (ESE), Aristotle Panteliadis said in yesterday’s (21.11.2024) briefing of journalists. In particular, the President of the Hellenic Supermarket Association stated that prices have stabilised at a high level due to the high price…
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Banking: Profits and dividends in contacts with investors in London
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in UndertakingsTheir upgraded goals for profits and dividends, are presented by the JP Morgan conference in London. Following the announcement of the strong results of a month, Greek banks are again drawing the interest of the investment community. Investors focus on profitability prospects amid an accelerated interest rate reduction by the ECB, which will inevitably have…
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Supermarket: Provisions for a reduction in prices up to 2%
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in UndertakingsMild reduction will be recorded in their food by 1% – 2%, according to what the President of the Hellenic Supermarket Association (ESE), Aristotle Panteliadis said in yesterday’s (21.11.2024) briefing of journalists. In particular, the President of the Hellenic Supermarket Association stated that prices have stabilised at a high level due to the high price…
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Steps in the shares of Temu’s parent company
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in UndertakingsHowever, PDD, its parent , noted that its profitability would have a downward trend over time due to increased competition on the domestic market in China. Temu’s motherboard, which competes with Alibaba, said her group is having trouble catching up with undetermined opponents due to lack of know-how, according to a Bloomberg report. The executives…
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Olympia Way: Significant progress on five key axes of sustainable development in 2023
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in UndertakingsIts Sustainable Exhibition for 2023 was presented by the managing company of the Elefsina-Patra-Pyros motorway. As the Olympian Street reports, it focuses on the development of new initiatives to maintain high quality standards, speed up CO2 zeroing by operating the largest photovoltaic park program on a motorway in Greece and confirming the positive socio-economic impact…
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Piraeus Bank: New two-year Operational Collective Labour Convention
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in UndertakingsThe Piraeus Administration and the representative Workers’ Association (SETP) signed a two-year business signing, sealing the dialogue that preceded the participation of representatives from all Associations. The content of the Operational Collective Labour Convention 2024-2026 is added to the existing framework of benefits provided for by the previous ESRB. In particular, in Piraeus Bank’s new…
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Mercedes: Window to austerity measures due to low “speed” in China
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in UndertakingsEvidence of weakening is shown by the returns of industry , in particular due to reduced demand in China. “In the coming years we will reduce our costs by many billion euros per year,” said a representative of the Mercedes – Benz car industry, according to Handelsblatt. The representative left open just how to save…
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Goody’s – Everest Group: Extends his presence abroad
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in UndertakingsThe further development of its network abroad is supported by the Goody’s- Group, with 9 new points in Europe and . Specifically, by the end of the year the Goody’s-Everest Group is expected to launch the new points in Europe and the Middle East, strengthening its presence in a total of 12 countries (Greece, the…
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The agreement on the disposal of 20% of Ariadne Interconnectedion’s shares in SGID was signed
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in UndertakingsThe agreement on the disposal of 20% of the shares of his subsidiary and the implementation body of Crete – Attica, Ariadne Interconnectedion, at the State Grid International Development (SGID), was signed by the President and CEO of the Managing Director Manos Manousakis and the Chairman of SGID Yu Jun. The signing of the agreement…
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Dimitris Haitoglu died, president of the well-known food industry
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in UndertakingsHe died today (21.11.2024), at the age of 95, Dimitris Haitoglu, president of the food industry “Afoi Haitoglu SA”, based in Thessaloniki. Dimitris Haitoglu was born in 1929 in Thessaloniki and was the son of Eleftherios Haitoglu, one of the founders of the company. From a young age he was active in the family company,…
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Fourlis Group: Three new Foot Locker stores open in Bulgaria
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in UndertakingsThree new Foot Locker will open in Bulgaria within the next period. These stores, which will be the first Foot Locker stores to be opened by Fourlis Group in the country, are expected to open their doors in December 2024 It is noted that they will be in key commercial locations -The Mall Sofia, Grand…
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Optima bank in FTSE/XA Large Cap index and Athex ESG index in Athens Stock Exchange
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in UndertakingsThe only year since its introduction to , enters the top index of the Greek stock exchange, FTSE/XA Large Cap. At the same time it also enters the Athex ESG index for the first time. In the FTSE/XA Large Cap index which includes the 25 largest capitalised companies listed on the Stock Exchange Athens, Optima…
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Memorandum of Cooperation signed Eurobank and J.P. Morgan Asset Management
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in UndertakingsThe J.P. Morgan Asset Management (JPMAM) signed a Memorandum of Cooperation (MoU) to promote a new partnership combining Eurobank’s regional dynamic presence with JPMAM’s global investment know-how and the provision of diversified investment proposals and solutions to Eurobank customers. In particular, the aim of this initiative is to expand the investment options offered by Eurobank…
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PPC Group: 629MW RES acquisition by Evryo Group in Romania completed
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in UndertakingsFollowing its announcement on 6 August 2024, it announces the completion of the acquisition of the Renewable Energy portfolio ( ) of Evryo Group in Romania, controlled by Macquarie Asset Management. The acquisition is an important milestone in the PPC Group’s strategy to expand the RES portfolio, but also strengthen its commitment to green transition…
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Trade Estates: Increased revenue by 65.6% in the year of 2024
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in UndertakingsIt announced the consolidated financial results for the 1 month of 2024, with the total of EUR 30.3 million compared to EUR 18.3 million (increased by 65.6%) compared to the 1 month 2023. The rent revenues of Trade Estates amounted to EUR 26,9 million compared to EUR 16,5 million (increased by 62,8%) compared to a…
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Quest Group: At 33m euros net profits in the 9 months of 2024
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in UndertakingsThe net worth of the Quest Group amounted to EUR 33 million in the 9 months of 2024, while the Pre-tax Profits amounted to EUR 43,4 million, the EBITDA profits amounted to EUR 65,1 million and the Consolidated EUR 926 million. Compared to the corresponding nine-month period of 2023, sales of the Quest group increased…
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Ford: New Job Cuts in Europe
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in UndertakingsA new cut of 4,000 jobs in Europe announced today (20.11.2024) the American multinational industry, by the end of 2027, mainly in Germany and the United Kingdom, as an indication of the difficulties facing the industry. As Ford reported “The company has suffered significant losses in recent years and the industry’s turn towards electric vehicles…
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OPAP: At EUR 352 million net profits in the 9 months of 2024
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in UndertakingsThe EUR 352 million is net in the nine-month period of 2024, compared to EUR 307.7 million formed in the corresponding period in 2023, increased by 14.4% on an annual basis or by 5.6% on a recurring annual basis , according to its communication . At the same time, net income before contributions (GGR) of…
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ElvalHalcor: At 2.59 billion euros turnover in the 9 month – at 180 million euros EBITDA profits
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in UndertakingsAt 2.59 billion euros ElvalHalcor’s turnover was created in the 9 months of 2024, increased by 1.4%, compared with 2,554.9 million euros in the corresponding period of 2023. At the same time, ElvalHalcor’s sales volume increased by 4.4% in the same period compared to 2023. The main economic elements Organic profitability (a-EBITDA) at EUR 180,0…
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Motor Oil: At 821m euros the adjusted EBITDA profits in the 9 month
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in UndertakingsThe 821m euros reached the group’s adjusted EBITDA in the 9 month of 2024. At the same time, Motor Oil’s investments amounted to EUR 298 million in the same period, from 246 million in the nine months of 2023. Revenue in the 9 month period was reduced to 9.36 billion and in the quarter to…
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Lamda Development: Return of historical monument to the Greek area after 60 years
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in UndertakingsIt took over the return of a history of the Greek area to its original location after 60 years, in particular the transfer of the burial monument in the shape of P (Piocos Tomb) dating to the mid 4th century BC. Under the supervision of architect Dimitris Korres and applying innovative techniques to ensure the…
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Intercontinental International: ‘Green light’ for merging with BriQ Properties
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in UndertakingsIn approval of the merger through absorption of the company by BriQ Properties, International proceeded to its extraordinary General Assembly held on Friday (15.11.2024). In detail the communication from Intercontinental International: The Company under the name Intercontinental International Public Investment Company in Real Property pursuant to the provisions of Article 133(2) of Law 4548/2018, as…
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Volkswagen: Cost cuts instead of factory padding suggest trade unionists
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in UndertakingsIts union (VW) proposed costs of 1.5 billion euros ($1.6 billion), as the company’s management is pushing for wide cuts in order to stabilise the situation of the car industry. VW employee council head Daniela Cavalo, today asked (20.11.2024) to reduce shareholders’ dividends and suspend parts of bonuses for employees, executives and board members as…
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Bloomberg: The value of Chrome is estimated at $20 billion.
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in UndertakingsAt $20 billion it is estimated that the value of the web browser may rise if it is forced to sell it, according to Bloomberg. It is recalled that top U.S. Justice ministry officials decided to ask a federal judge to force Google to sell Chrome, a historic decision on technological colossus and all technology…
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Google: In $20 billion, Chrome value is estimated
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in UndertakingsAt $20 billion it is estimated that the value of the internet browser can be increased if it is forced to sell it. It is recalled that top U.S. Justice Ministry officials decided to ask a federal judge to force Google to sell Chrome, according to yesterday’s (19.11.2024) Bloomberg report. This is a historic decision…
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PPC Group awarded 446 children of workers who excelled in secondary and higher education
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in UndertakingsFor over 40 years, he rewards children of workers who excel in secondary and higher education. This year, for another year, two separate ceremonies were held in Athens and Ptolemaida and 446 excellent students and students were awarded for the school and academic year 2022 – 2023. Specifically, 125 high school graduates, 205 high school…
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Shell Stations – The Love Van: Continue to highlight the value of volunteering
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in UndertakingsCoral S.A. – Shell Licensee continues to support the initiative The Love Van goes to school enabling primary, high school and high school students from all over Greece to experience the joy of offering and volunteering, cooking with The Love Van team in their school and distributing full meals to Organizations that the same students…
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Black Friday 2024: Which sports articles are marked most and largest discounts
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in UndertakingsTheir discounts on sports shoes are promoted more than all products, the large sports chains, just before it , according to Newsit’s research on the web pages of these . With Black Friday (29 November 2024) having become an integral part of consumer culture in Greece, all businesses begin their discounts long before the “critical”…
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Black Friday 2024: Which sports articles mark most and the biggest discounts
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in UndertakingsTheir discounts on sports shoes are promoted more than all products by the large sports chains, just before it , according to Newsit’s research on the websites of these companies. With Black Friday (29 November 2024) becoming an integral part of consumer culture in Greece, all businesses begin their discounts long before the “critical” date.…