Category: Undertakings
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Fourlis: Raises the target price of Eurobank Equities to 5.7 euros
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in UndertakingsAt 5.70 out of 5.45 euros increases the target price for its share , Equities maintaining the buy recommendation. As the stock market notes, Fourlis’ share has a yield of 4% for this year, while it has a downturn of 10% against non-bank shares, strengthening the line of sub-performance recorded since 2020, according to Eurobank…
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Bank of Cyprus: Starts repurchase of 25m euros in the AAA
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in UndertakingsIts intention to start a market of EUR 25 million on the Athens Stock Exchange (CPC) announced today (20.9.2024) or with effect from 23 September 2024, as approved by the European Central Bank (ECB) on 15 March 2024. As indicated in the Bank of Cyprus announcement, it is part of the repurchase of ordinary shares,…
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Sephora Greece: Sales increase by 27% in the first half of 2024
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in UndertakingsMore than 100m euros are expected to move Greece in 2024 due to the strengthening of domestic consumption, management strategy and increased tourism traffic. Specifically, Sephora Greece’s sales increased by 27% in the first half of 2024 compared to the same period of 2023, according to the company’s financial data. Sales concern the 30 stores…
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Premia Properties: Revenue increase by 7% in the half of 2024, increased EBITDA by 10%
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in UndertakingsThe announced financial results of the period from 1 January to 30 June 2024, with a revenue increase of 7% and an increase in operational profitability (Adjusted EBITDA) of 10%, on a consolidated basis, compared to the corresponding period of 2023. The total investment value of Premia Properties in the first half of 2024 was…
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HERAKLE Group: The advent of the newly developed CEMCREATOR for the transport of cement with low pollutant emissions
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in UndertakingsThe Group announced the advent of the newly developed CEMCREATOR, a modern cement transport, with low pollutant emissions and the possibility of using alternative fuels. In particular, it is a technologically advanced ship with a capacity of 5,700 tonnes, equipped with innovative technologies that allow lower consumption by 15 – 20% compared to the other…
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Ideal Holdings: Great acquisition in new industry by the end of 2024
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in UndertakingsIn news, the company’s president, Lambros Papakonstantinou, is about to proceed to yesterday’s (19.9.2024) general meeting of shareholders. In particular, Mr Papakonstantinou pointed out that the new acquisition of Ideal Holdings will concern a sector in which it has not been active so far. “The resulting deal will concern a new sector of activity, apart…
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Papoutsanis: At 23.23% the percentage of Menelaos Tasopoulos
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in UndertakingsABEE informs the investment public that, according to 19.9.2024 transaction notices submitted by Ms Catherine Maria Karatza and Mr Menelaos Tasopoulos (Director), on 18.9.2024 Mr Menelaos Tasopoulos transferred from his individual portion, 215,376 common nominal after vote, with 0.79% of the Company’s total shares and voting rights in a Joint Investment Part (KTM) which he…
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Grivalia Hospitality: The three 5 star projects that will run over the next five years
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in UndertakingsInvestments amounting to 450m euros are planned to implement within the next five years or, having two large 5 star tourist projects in Mykonos and Petalians in the “scaria”. At the same time, the extension of Amanzoe’s hotel complex, which concerns the construction and sale of an additional 10 to 15 Aman branded houses, is…
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Business: At 760 are registered startups on the National Register of Young Enterprises
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in UndertakingsAccording to the decision of the Secretary-General for Research and Innovation Tasos Gaitani, an additional 8 startup companies are registered on the National Register of Young Enterprises, through the fast track process, i.e. without evaluation because they meet the registration requirements. As the decision stipulates, the completion and suspension of the necessary data will take…
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Viohalco: The consolidated turnover of the first half of 2024 reached 3.3 billion euros
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in UndertakingsThe amount of EUR 3.3 billion was consolidated in the first half of 2024 compared with EUR 3.4 billion in the first half of 2023. According to the relevant communication from Viohalco, the turnover was mainly influenced by the sales mix of the different sectors, in an environment of ongoing anemic demand in the European…
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Lavipharm: 248.8% net earnings increased in the first half
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in UndertakingsA tax increase was recorded in the first half of 2024 by Lavipharm Group, as stated by the company in its announcement of results. Lavipharm says the consolidated profits after taxes were launched at 7.7m euros compared to 2.2m euros in the first half of 2023. Consolidated Sales from ongoing activities amounted to 30,6m euros…
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AB Vasilopoulos – RECYCOM: They join forces for a more sustainable future
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in UndertakingsIts launch with the company RECYCOM announced today (19.9.2024) or , implementing a pioneering clothing and shoe recycling program. As part of the collaboration, 17 purple metal bins have been placed in selected AB Vassilopoulos central stores, both in Attica and in areas outside it. Consumers have the ability to recycle clothes, shoes, linens and…
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Attica Bank and Pangretian Bank: Profitability increased in the first half of 2024
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in UndertakingsIncreased profits were recorded during the first half of 2024. According to the announcement of the results of the six-month period of Attica Bank and the Pan-Gretian Bank, the first made repeated operating profits (pre-fore-foreseeing) of EUR 17,4 million over a profit of EUR 4.5 million in the respective period last year. Profit before tax…
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Cosmote – Eltrun 2024: Continued increase in digital maturity of SMEs in Greece
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in UndertakingsA continuous increase in the digital maturity of small and medium-sized enterprises (SMEs) was observed in 2024 in our country, according to the “Digital Readyness of Small and Medium-sized Enterprises in Greece”, prepared by the Electronic Commerce Laboratory (ELTRUN) of Athens’s Economic University in collaboration with . As is apparent from Cosmote’s research with ELTRUN,…
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Ena Athletics: Dynamic entry into the Greek market, in the running area
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in UndertakingsA new, promising Startup in Greece, Ena Athletics, is expected to make a dynamic entry into the Greek market in the near future, especially in the running sector. In a market, which is experiencing tremendous growth nowadays, as is shown by the participations of this year’s Authentic Marathon of Athens, whose positions were exhausted in…
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Lamda Development: Project of the year the building complex AMEA in Greek
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in Undertakingsof the year for 2023 the building complex of the disabled from Greece, at the 7th Conference of Infrastructure & Transport – ITC 2024. This important project, delivered by Lamda Development in the fall of 2023, as the company points out, is proof of its commitment to our fellow people who need our support most.…
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Fitch: Estimates that the Greek economy will show a higher growth rate in 2025
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in UndertakingsHigher growth rate – the BMI of Solutions confirmed – will be 2.4% this year at 2.9% in 2025, after GDP performance in the second quarter aligned with its expectations. The Fitch investment company estimates that investments will continue to play a central role in the development of the Greek economy in the short term,…
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SEV: The new Skills4Jobs project was launched in Thessaly
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in UndertakingsThe flagship initiative of the Association of Business and Industry ( ) – Skills4Jobs is implemented in collaboration with the Association of Thessalian Enterprises and Industries (STHEB) for the second time in . This time the initiative of the program is for Conservative Industrial Facilities. The first phase of the BSE programme involves 15 young…
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Nikos Stathopoulos’ big deals and Nova’s bet
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in UndertakingsThe “sale” in and above all the price with which this will be accompanied is the next big bet for BC Partners head Nikos Stathopoulos. Deal maker has significant transactions in a number of important sectors of the economy. At this time, the eyes are on telecommunications where BC Partners as the main shareholder of…
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How does Noval’s investment plan progress after the stock market introduction?
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in UndertakingsAfter her recent introduction to the Stock Exchange Athens continues its 340m-euro investment plan, with a portfolio value of 609m euros, increased by 8% compared to last year. As company CEO Panayiotis Kapetanakos pointed out, in yesterday’s briefing of analysts, Noval continues to focus on office buildings, old industrial properties, hotels, logistics, and residences, which…
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Kri celebrates 70 years of tradition and innovation and 20 years on the Athens Stock Exchange
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in UndertakingsThis year , one of the leading Greek dairy companies, celebrates two important milestones: the 70 years since its founding and the 20 years since the introduction of its shares in . Kri’s entry into the Athens Stock Exchange marked a new chapter in its history, strengthening its position as one of the most dynamic…
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Blend Development: Buy 2 new buildings in Athens
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in UndertakingsBlend Development a company that plans and performs projects and renewable energy sources in Greece, expands its portfolio by completing the purchase of two buildings located on Syngros Avenue 74 and on the streets Piraeus & Geraniou 30. According to the company’s announcement, the newly acquired properties will be extensively renovated, certified under LEED and…
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In the “hands” of Grimaldi – Minoan Lines the Port of Heraklion passes
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in Undertakings67% of its share capital was transferred to the Grimaldi – Minoan Lines consortium, as announced today (18.9.2024) it . As stated in the relevant announcement, the transfer of the Port of Heraklion for a price of 80m euros to the consortium was completed, following a competition held by TAIPED, while the port passes on…
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Tupperware: The legendary Tupperware company finally declared bankruptcy
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in UndertakingsThe process of the American food container manufacturing company (), Tupperware, announced today (18.9.2024) the company, after difficulties faced for years. “For some years, the company’s financial situation had been significantly affected by a difficult macroeconomic environment,” said Laurie Ann Goldman, the company’s CEO, who filed a claim for protection under Chapter 11 of American…
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Thrace Plastics: Sales increase to €186.5 million in the first half of 2024
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in Undertakings186.5 million euros amounted to the first half of 2024, the Group’s turnover of 180.1 million euros in the first half of 2023 with an increase of 3.5%, mainly due to the increase in sales volumes by 9.1%, as announced today (18.9.2024). During the first half of 2024, EBITDA of the Thrace Plastic Group amounted…
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Google: European Court of Justice cancels EUR 1.49 billion fine
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in UndertakingsEuropean justice canceled the 1.49 billion euro fine imposed in 2019 by the European Commission (p. ) against it for abuse of a dominant position in online advertising. The Court of Justice of the European Union has announced, judging the case first, that it ‘cancells the Commission’s decision as a whole’ on the grounds that…
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OTE in the international FTSE4Good indicator for the 16th year
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in UndertakingsHe is included for 16 consecutive year in the international sustainable development index FTSE4Good Emerging, with consistently high ESG. Following an assessment by FTSE Russell he was ranked for 2024 in 5% of telecommunications companies with the highest rating, steadily surpassing the M.O. of the respective scores per ESG pillar. FTSE4Good Emerging includes 713 leading…
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Eurobank: successfully completed the green bond pricing of EUR 850 million
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in UndertakingsThe announced today (18.9.2024) that it successfully completed the Green High Payback Priority (Green Senior Preferred) billing of 850m euros. The bond is expected to receive a credit assessment of an investment grade ‘Baa2’ by Moody’s rating agency, following the recent upgrading of Eurobank to an investment grade by the same company. This first green…
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In the final line HIG’s logistics investment in Aspropyrgos
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in UndertakingsThe great HIG for the “green” park in Aspropyrgos, with the works starting within the next 5 months, said Constantine Beatros, CEO of Inventio Edge, speaking at the 7th Conference of Infrastructure and Transport – ITC 2024, held since yesterday (17.9.2024) at the Athens Concert Hall – International Conference Center. The first of three licences…
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Mustacea (JECTER): Our investments in concessions and PPPs in Southeast Europe have just begun
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in UndertakingsThe starting signal for a new big circle of the Group in the fields of concessions and PPPs within and outside Greece, was given by the Director General for Business Development and Executive Member of the Board of Directors, Manos Moustakas, from the 7th Conference of Infrastructure and Transport – ITC 2024. “Having already placed…
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efood: Strengthens small retail with new natural stores
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in UndertakingsThe natural market network is extended by the creation of a new concept of small retail, under which the company’s network, called efood local, will develop. It is noted that efood in 2021 purchased the companies of the Mouhalis Group, including the network of convenience stores called Kiosky’s, currently numbering 51 stores in Athens, Thessaloniki…
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Aris Karytinos (Prodea Investments): Cost has a role – key to social housing
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in UndertakingsOn developments in the real estate market, Aris Karytinos, CEO of the investment company that has a portfolio of real estate worth 3 billion euros, talks about newsit.gr. As he points out, the building of the future is “green” and bioclimatic. It has a limited energy footprint and attracts strong demand from companies seeking offices.…
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Nestle: Why invests in food supplements
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in UndertakingsShe attempts to have a strong presence in the constantly growing market of vitamins and vitamins through the acquisition of Solgar’s activity, leading company in this category. In particular, the purchase of food supplements is a market that is estimated at around 160 million euros in Greece, but with a steady upward trend, especially since…
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efood: Strengthens small retail with new efood local stores
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in UndertakingsThe natural market network is extended by the creation of a new concept of small retail, under which the company’s network, called efood local, will develop. It is noted that efood in 2021 purchased the companies of the Mouhalis Group, including the network of convenience stores called Kiosky’s, currently numbering 51 stores in Athens, Thessaloniki…
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IOBE: At 6.5 billion euros the contribution of the pharmaceutical industry to the Greek economy
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in UndertakingsAt 6.5 billion euros (3.2% of GDP) the total contribution from the pharmaceutical industry to 2022, according to the study “The pharmaceutical market in Greece: Events and Data 2023” prepared by the Foundation for Economic and Industrial Research ( ), with the cooperation of the Association of Pharmaceutical Enterprises of Greece. In particular, according to…
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Banks: Green bonds to finance sustainable investments – 2 billion euros have been drawn
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in UndertakingsA growing pace is expected to be received by the Greek banks in order to refinance existing and to finance new investment projects aimed at halting climate change and strengthening the sustainability of the environment. The green bond works like any other regular bond, with an alert difference: The money raised by the issuer is…
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What Prokopios’ deal with Lamda Development means
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in UndertakingsAt 500m euros the investment of the shipowner George Prokopios in his mega project is expected to arrive , as announced yesterday by its management . According to AXIA analysts it is a deal of major importance for the project’s progress, as it first highlights Lamda’s flexibility to perform the investment, either by taking over…
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Construction: What are the problems in the project sector – The next day, how the ministry moves
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in UndertakingsThe industry has come to a (new) balance in recent years after a decade, almost, period of “opening” without substantial project promotion, while the Ministry of Infrastructure and Transport is trying to secure first the necessary resources to implement before “announce” or “promising” new competitions. However, it seems that despite the improvement of the climate…
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Dimand: In the summer of 2026 the new Judicial Palace of Piraeus
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in UndertakingsAs a pre-requisite financial and investment criterion, Nicholas Ioannis Dimtsas, its Deputy Managing Director, described the development with bioclimatic characteristics, speaking at the 7th Conference of Infrastructure and Transport – ITC 2024, held today (17.9.2024) and tomorrow at the Athens Concert Hall – International Conference Center. Referring to Dimand’s strategy, Mr. Dimtsas stressed that the…
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Noval Property: Net profits 21.9 million euros in the first half of 2024
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in UndertakingsIt continues to record strong operational results, with an increase of around 15% of rent revenue in the first half of 2024 to 15.9m euros, compared with 13.8m euros in the first half of 2023. Profit before tax, interest, depreciation and revaluation of fair value assets (adjusted EBITDA) for the period until 30 June 2024…
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Eurobank: “Loss” for the green bond – Over €4.5 billion offers
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in UndertakingsExplosive demand gathered the tender book for its “green” , with the information stating that tenders over EUR 4.5 billion were submitted. The amount of the issue was EUR 850 million. The issue coupon was set at 4% a year and the issue price was 99.521%. The coupon will be fixed by 24.9.2029. The yield…
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Manousakis (ADMIE): Electrical connections are essential for the unification of Europe
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in UndertakingsThe need to consolidate the European electricity market, through international connections, in order to provide energy security and lower prices, was mentioned by the President and CEO of IPTO Manosakis, during his speech at the 7th Conference of Infrastructure – Transport – ITC 2024. “The unification of the electricity market is a very important step…
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BC Partners’ new deal with IEK Delta Group
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in UndertakingsIn agreement for the acquisition of 100% of the Group IEK DELTA/ ΔΕΛΤΑ 360 came Alphabet Education owned by BC Partners, for the creation of a modern and innovative group. As stated in the relevant announcement, Alphabet Education Group, through the educational organizations Metropolitan College and AKMI, is a leading provider of education in the…
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Competition Committee: Participation in OECD transnational work to combat collusion
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in UndertakingsIts participation in the work of the Organisation for Economic Cooperation and Development (OECD) to combat cohesive practices in public , announced . In particular , the project, which will be part of the Competition Committee will take two years, starts in September 2024, and aims to improve the mechanisms for preventing and detecting collusion…
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Italy cuts funding for Stellantis and Mercedes – Benz
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in UndertakingsThe Italian government is cutting down on the Stellantis and Mercedes – Benz battery plant, a project which faced delays due to the slowing down of the demand for electric vehicles in Europe. The public funds originally allocated to the Automotive Cells Company (ACC), the shareholders of which include the two car companies, will be…
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Bank of Cyprus: Its introduction to the AAA was approved – Start of the stock negotiation on 23 September
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in UndertakingsThe approval of its introduction to the announced today (17.9.2024) the , which will begin to negotiate its share on 23 September. In particular, Bank of Cyprus Holdings Public Limited Company announced on 19 August 2024 the publication of a circular stock and summary note in relation to the proposed introduction of its ordinary shares…
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Great deal for American LNG in Alexandroupolis Gastrade closed
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in UndertakingsThe US producer of liquefied natural gas ( ), Venture Global, signed five years with the Greek Gastrade to commit a relimitation capacity of up to 1 million metric tons of LNG at the new terminal in Alexandroupolis. According to Reuters, the five-year deal comes into force in 2025 and the LNG will come from…
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UniCredit: It will request the approval of the ECB to acquire up to 30% of Commercebank
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in UndertakingsIt intends to request permission to acquire up to 30% in AG, as CEO Andrea Orcel seeks a possible takeover of the German bank. The Italian banking group will likely submit the application to the European Central Bank (ECB) in the following days, according to Bloomberg. This move does not necessarily mean that UniCredit would…
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Attica Bank – Pangretia Bank: Opening of the first five star hotel in Chios
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in UndertakingsIt was inaugurated on Saturday, September 14, “Pearl Island”, the island’s first luxury five-star hotel unit, according to today’s (17.9.2024) announcement. The project was carried out through the financing of the former Pangretian Bank, which believed from the first moment in the ambitious project, which strengthens Chios’s footprint on the international tourist map. The opening…
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BSE: Actions to strengthen businesses for safe adaptation to Artificial Intelligence
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in UndertakingsIn a world that changes from the impact of new technologies with a spearhead artificial intelligence, he unfolds a series of actions to inform and empower, workers and new graduates aiming at beneficial and safe adaptation, exploitation and development of Artificial Intelligence solutions. The BSE initiative R U AI helps Greek companies to understand the…
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Christos Panagiotopoulos (TERNA): Visibility and cooperation for projects with maximum benefit and minimum cost to citizens
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in Undertakings‘ We need better visibility and more cooperation in the design, study, financing and ultimately in the construction and operation of these, in order to have the maximum possible benefit for the citizens of our country,” said its CEO, Christos Panagiotopoulos, in his location at the Conference on Infrastructure and Transport. Specifically, during the Round…
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ERGOSE: Three new 1 billion euro railway projects in Northern Greece
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in Undertakings‘ At the moment, three new €1 billion “runs” in Northern Greece, aiming to make our country a hub in the wider region,” stressed CEO Christos Palios, at the 7th Conference on Infrastructure and Transport – ITC 2024, which takes place today (17.9.2024) and tomorrow at the Athens Concert Hall – International Conference Center. “The…
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KriKRI: Reduces the percentage in the company by the family Chinavou
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in UndertakingsHis decision to reduce the share of the Tsinavos family to 72.8%, today announced (17.9.2024) the company’s president and CEO, Panayiotis Tsinavos, as part of an event for the 20 years of the dairy industry on the Athens Stock Exchange. The aim of this move is to strengthen the marketability of the share. It is…
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A subsidiary for data centres was created by PPC together with DAMAC
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in UndertakingsWith an initial share capital of EUR 4 million, its joint company with CAIO Holding (DAMAC interests) was established yesterday (17.9.2024) in GEMI, which aims to develop data centres in our country. The creation of “Data in Scale” aims at a first phase to create a data center with a power of 25 MW in…
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Lamda Development: Signature of a property sale agreement for a total price of EUR 120 million
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in UndertakingsA purchase contract signed with SKITI ENTERPRISES COMPANY LIMITED today (17.9.2024) or with SKITI ENTERPRISES COMPANY LIMITED, interests of Mr. George Prokopios’ family, for the land within the Greek project, for the development of residential and office spaces as well as educational institution with International Program. In particular, the total price of the sale is…
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Ch. Panagiotopoulos (TERNA): Visibility and cooperation for projects with maximum benefit and minimum cost to citizens
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in Undertakings‘ We need better visibility and more cooperation in the design, study, financing and ultimately in the construction and operation of these, in order to have the maximum possible benefit for the citizens of our country,” said its CEO, Christos Panagiotopoulos, in his location at the Conference on Infrastructure and Transport. Specifically, during the Round…
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Tupperware: On the verge of bankruptcy is the American company
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in UndertakingsThe company could apply for protection from creditors this week, Bloomberg said yesterday (16.9.2024). Preparations for the insolvency application followed long negotiations between the American Tupper company and its lenders on how to deal with debts totalling over $700 million, the report reported. The company, which was founded in 1946 and became popular in the…
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Three out of four Greek hotels increase wages
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in UndertakingsA motivating lever for the Greek economy remains its sector and its, offering not only opportunities for growth and innovation, but also for creating new jobs. The dynamics of the industry are reflected in the continuing efforts of businesses to adapt to changing market conditions, maintaining their competitiveness through innovative and strategic approaches, globally. In…
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BYD takes control of the consortium with Mercedes – Benz in China
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in UndertakingsThe Chinese car industry took full control of a consortium it had in with Mercedes – Benz, as an increasing number of foreign car manufacturers restrict their exposure to the largest car market in the world. According to Bloomberg, BYD acquired the remaining 10% of the shares that it did not already own in a…
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Microsoft: $60 billion share buyback program increases dividend by 10%
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in UndertakingsThe presented a new $60 billion buyback program, which corresponds to the largest such move ever made, increasing the quarterly dividend to be distributed to shareholders by 10%. Specifically, Microsoft stated that shareholders from November 21 have a quarterly dividend of 83 cents per share, compared to current 75 cents. The share repurchase agreement, which…
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Germany: Intel postpones the start of a plant in Magdeburg by two years
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in UndertakingsThe American chip company postpones the construction of its plant in Magdeburg in the eastern , worth billions of euros , by two years. This was announced by the CEO of the Pat Gelsinger group in a letter to the workforce yesterday (16.9. 24) at night. Last year, Gelsinger (Intel) had promised to spend more…
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What are Premia’s plans for wine tourism?
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in UndertakingsAt the same time as its strategic cooperation with the investment group NLTG from Scandinavia is progressing, in order to gain a strong presence in tourism, the SNEAP is trying to expand further into the highly rising wine sector, as it has shown an interest in reorganising the historic Chandalis wine production. At the same…
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Moody’s: Upgrade to positive outlook Eurobank and National
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in UndertakingsOn Friday (13.9.2024) Moody’s also upgraded the outlook of the Greek economy. The rating house upgrades the National Bank for the strong economic performance of the Greek bank and the improvement of fundamental sizes in recent years. The results of the Bank’s six-month period indicate a stable and sustained return with 18% annual increase in…
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Eurobank: Proceeds to Green Bond Edition
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in UndertakingsIn a green version with maturation at 6 years and the right to recall in five years goes ahead or within the next period. The funds raised by Eurobank from the issuance of the bond will be used for financing or refinancing projects with green environmental criteria. Revenue from the publication, in which BNP Paribas,…
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Kri-Kri: Net profits 26.32m euros in the first half of 2024
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in UndertakingsIts profits increased in the first half of 2024, according to the company’s announcement. In particular, Kri-Kri’s turnover amounted to EUR 130,874 million in the half of 2024, compared with EUR 112,974 million in the six months 2023 (increased by 15,8%). Sales of ice cream in value show an increase of 20.6% and were set…
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National Bank: The HFSF decides tomorrow on the share allocation rate
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in UndertakingsLess than a month is left for his second phase of divestment (TSI) from , which will now be done with a full investment grade for the country, after the upgrading of Greece and by Moody’s last Friday (13.9.2024). The Board of Directors of the HFSF is reportedly expected to meet tomorrow to give guidance…
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National Bank: Countdown for the disposal of the shares of the HFSF
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in UndertakingsInverse measurement near twenty-five days “runs” from today for the replacement of its shares held by the (FIC). Information indicates that the management of the EFSF will meet tomorrow (17.9.24) in order to give “line” to the consultant in relation to the share allocation rate. The latter (JP Morgan) has recommended up to the sale…
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What powerful players invest in Greece’s private education
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in UndertakingsA pole of attraction for foreigners and domestics seems to be its space lately. The recent deal between Inspired Education Group, which is one of the largest private education groups in the world, with Moraitis School, proves the will of foreign investors to further advance their investment in educational properties, closing important agreements with domestic…
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Masoutis: Increase in sales by 16.5%, 1 billion euros per turnover
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in UndertakingsWith an increased corporate turnover of 16.5% compared to 2022 and more than 25 million euros in the Greek economy, it continues its strong footprint and in 2023, according to the publication of its results, the . As noted in a statement by Masuti, “special emphasis was placed on the effort to keep price increases…
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Lamda Development: Real estate sales in Greece fill the funds – Starts new home launch
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in UndertakingsBy the end of 2024 the company will have “filled” its funds with a total of 900m euros from the total sales of real estate and land from the beginning of the project to . At the time the company is expected to “throw” into the market by the end of the year and others…
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How the little ones won the big ones in the RES market
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in UndertakingsThe way the electricity market operates they exploit groups of small producers to indirectly obtain greater benefits. This is a distortion that the IPTO is now attempting to correct. As you know, a small RES project has the option of participating in the free market and being paid at the price of each day rather…
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Danish transport giant DSV buys German DB Schenker
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in UndertakingsThe name of DB Schenker ( ), which has been a stable element of the European industry since 1872, has been on the brink of extinction since its planned acquisition by its competitor, DSV (DSD). This was announced by DSV CEO Jens Lund in an interview with Handelsblatt today (13.9.2024). ‘The Transport Company (p. Germany-based…
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Bank of Cyprus: A majority of Athens Stock Exchange membership
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in UndertakingsThe general meeting of its shareholders approved by majority the intention of introducing its Common Shares into its Main Market. Following the approvals from the Securities and Markets Committee of the ASE, the Bank of Cyprus Common Shares will negotiate in the Main Market of AIA, while it will be removed from the secondary market…
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Borrowing transport giant DSV buys German DB Schenker
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in UndertakingsThe name of DB Schenker ( ), which has been a stable element of the European industry since 1872, has been on the brink of extinction since its planned acquisition by its competitor, DSV (DSD). This was announced by DSV CEO Jens Lund in an interview with Handelsblatt today (13.9.2024). ‘The Transport Company (p. Germany-based…
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The loan giant DSV buys German DB Schenker
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in UndertakingsThe name of DB Schenker ( ), which has been a stable element of the European industry since 1872, has been on the brink of extinction since its planned acquisition by its competitor, DSV (DSD). This was announced by DSV CEO Jens Lund in an interview with Handelsblatt today (13.9.2024). ‘The Transport Company (p. Germany-based…
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Hellenic-German Chamber: The Greek pharmaceutical industry implements an investment project of EUR 1.5 billion by 2026
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in UndertakingsAn investment plan, amounting to 1.5 billion euros, will be implemented by Greece until 2026, using the incentives of the Recovery Fund and also through equity. In particular, the investment project referred to a panel of the Hellenic-German Chamber of Commerce and Industry in the context of the 88th ITH entitled “Overcoming challenges, taking advantage…
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DBRS: Positive assessments on the progress of Greek banks
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in Undertakings“The steady progress of the Greek economy, which strengthens its resilience, was an important factor in changing the perspective (tension) of the Greek economy from stable to positive,” says the house, in a new analysis. The banking industry reduced unperforming loans (NPEs) and improved the quality of its capital, thanks to the increase in profitability,…
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Airbnb: The response to the new government regulations on short-term leases
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in UndertakingsFollowing her announcements on the new arrangements for short-term leases in Greece, her Head of Public Policy for Southern Europe, Valentina Reino made some statements. In particular, Airbnb’s head wanted to work with the Greek government by referring to “proportional solutions”. In detail the statement by Valentina Reino: “In all of Greece, a typical host…
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Stellantis: Breaks the production of the electric Fiat500e due to reduced demand
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in UndertakingsThe announced that it would suspend the production of the fully Fiat 500e for four weeks, due to subdued demand. “This measure is necessary because of the current lack of orders associated with the deep difficulties faced on the European electric car market by all producers, particularly Europeans,” Stellantis said in a statement. The global…
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On which commercial streets do the top fashion brands land
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in UndertakingsA lot of attraction seems to have been in recent times its commercial squares for the top fashion brands, which open one after another, but continue to make it difficult for small and medium-sized domestic businesses in the industry that do not find available spaces for rent. This particularly strong dynamic that has been created…
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GENTER: Because the Athens Road Convention is considered separate and “golden”
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in UndertakingsAs the most central concession agreement placed in its portfolio, it is considered as its road axis . As you know, GEK TERNA yesterday (12.9.2024) signed a service concession contract for the financing, operation, maintenance and exploitation of the Attica Road for a period of 25 years. This is the largest concession contract ever signed…
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Lamda Development: 72% increase in EBITDA in the first half
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in UndertakingsAn increase of 72% of consolidated EBITDA pre-values to 46.5 million euros in the first half of 2024 announced today (12.9.2024) the .Lamda Development also announced a new historical record of profits Retail EBITDA (4 Commercial centers in operation) before valuations to 44 million euros (increased 8% against 2023), as well as a new historical…
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Greece: 41% increased net profits in the first half of 2024
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in Undertakings41% increased its net in the first half of 2024, according to today’s (12.9.2024) announcement of the company. In particular, Greece’s net profits amounted to 40.4m euros compared to 28.7m euros in 2023, and increased 41%. In addition, the company’s sales amounted to EUR 144,7 million compared to EUR 136,2 million in the first half…
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PPC Renewables – GE Vernova deal for wind park in Romania
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in UndertakingsAgreement on the supply and installation of 23 6.1 MW 158 metres of GE Vernova for wind park in Vaslui province, GE Vernova signed with PPC Renewables. The deal, which GE Vernova had closed in the second quarter of 2024, extends the presence of GE Vernova’s Onshore Wind in Romania by adding 140 MW to…
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GEK TERNA: Signature of the Attic Road Contract
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in UndertakingsThe service concession contract for its financing, operation, maintenance and exploitation for a period of 25 years announced that it signed today (12.9.2024) as its sole shareholder. Specifically as indicated in the communication: GEKTERNA GA / RIC: HRMr.AT announces that it has signed today, as the sole shareholder of the company “NEA ATTIC ROUTE ADJUSTMENT…
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TITAN: Funding framework linked to Sustainability Clause
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in UndertakingsThe creation of a framework linked to a Sustainability Clause, the group announced by harmonising its financial strategy with its ambitious targets to reduce greenhouse gas emissions validated by the Science Based Targets (SBTi) initiative. As stated in the Communication, this funding marks a crucial step towards accelerating the sustainable development of TITAN. By harmonising…
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Aegean’s mat moves and records
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in UndertakingsStrategic moves that determine its course in the coming years are taking place this year in which 25 years have been completed since its establishment. Without question, Aegean, in recent years, after overcoming the great crisis of the pandemic, has been growing continuously. Whether it adds new destinations to its network or makes moves that…
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Chitos: Volton has been on mobile phone since early 2025
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in UndertakingsIt progresses with its corporate transformation to be made by a purely energy company, a multi-service provider. This will be achieved in the first phase with the launch of services early next year, as the Director General, Dionysis Chitos, said by ITH. Volton’s goal in mobile telephony is to exploit Vodafone’s antenna network and later…
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ETA disputes with the municipalities of the Athenian Riviera flare up
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in UndertakingsEnough are the “open” fronts it has today or with the municipalities of the Southern Suburbs, with the situation now on the coastal front “smelling” gunpowder. The most recent example is the new conflict that has arisen with the Municipality of Saronicos. An apple of contention was the exploitation of an area of 44 acres…
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IPTO – HEDGE: These are the margins for photovoltaic installation in rural land by region
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in UndertakingsThe two managers of the electricity network, HEDNO and IPTO, published the table which now applies to the installation in rural areas per region in Greece. This communication establishes the maximum total power of photovoltaic plants on agricultural land within which the installation of photovoltaic ≤ 1MW on high productivity agricultural land is allowed. In…
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What is financed by the acquisition of a share of German Commercebank by the Italian Unicredit
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in UndertakingsIn the banking giant (Italy) the German government sells 4.5% stake (which it owns). Unicredit, moving on to this move will hold 9% of the second largest commercial bank in Germany. A few hours after the announced resignation of CEO Manfred Knof, Italian Unicredit acquired a stake in Commerzbank. Unicredit acquired a total of nine…
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What does the acquisition of a share of German Commercebank by Italian Unicredit mean?
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in UndertakingsIn the banking giant (Italy) the German government sells 4.5% stake (which it owns). Unicredit, moving on to this move will hold 9% of the second largest commercial bank in Germany. A few hours after the announced resignation of CEO Manfred Knof, Italian Unicredit acquired a stake in Commerzbank. Unicredit acquired a total of nine…
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Attica Group: Jump 30% to turnover in the first half
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in UndertakingsIt announced the results of the first half of the year 2024, with the first incorporation over the entire period of the work of the “ANOMI nautical company Crete S.A.” and its subsidiaries (“), after the completion of the merger by absorption by Attica Group. During the first half of 2024, the operational integration of…
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Aegean: Strong profitability EBITDA increased by 6%
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in UndertakingsThe announced today (11.9.2024) the financial results for the second quarter and the first half of 2024. During the second quarter AEGEAN continued to grow offering 5.4 million places, 9% more than 2023, with passenger traffic increasing by 8%. Development was balanced between the external network with 2.6 million passengers and an increase of 9%…
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Stream Global: merger with Makios Logistics completed
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in UndertakingsWithin a timetable, the merger of Stream Global SA and Makios Logistics SA was completed on Monday (2.9.2024), which was the second phase of the design concerning the Group’s merger process in their sector, as announced. In January 2024 the merger of Stream Global with Unit Hellas AE, Unit Shipping AE, Contrade AE had preceded.…
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27 years of operation and 100 branches in Greece and Cyprus, celebrated the country’s largest care group!
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in UndertakingsOn Sunday 1 September 2024, at House 124 in Halandri, was held with great success in 18 In an anniversary event of high symbolism, the largest care group in Greece today, the Frontitika DIROTIMA, on the occasion of the completion of 27 years of uninterrupted operation and their presence in educational events, celebrated the creation…
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28 years of operation and 100 branches in Greece and Cyprus, celebrated the country’s largest care group!
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in UndertakingsOn Sunday 1 September 2024, at House 124 in Halandri, was held with great success in 18 In an anniversary event of high symbolism, the largest care group in Greece today, the FROTIATIVES DIROTIMA, on the occasion of the completion of 28 years of uninterrupted operation and their presence in educational events, celebrated the creation…
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Energean: Growth in production and profits in the first half of the year
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in UndertakingsIt increased the production of hydrocarbons by 38% in its first half of 2024 as the daily production was set at 146 thousand barrels equivalent (82% in natural gas). Since the sale of assets in Egypt, Italy and Croatia to Carlyle was recently agreed by the company, it is noted that in the assets remaining…
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Volkswagen: When will the layoffs begin and where they may “stumble”
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in UndertakingsThe situation in ( ) continues to deteriorate, as after the first announcements last week, car management showed yesterday (10.9. 24) again how serious the situation is, as it cancelled the job guarantee for the car industry’s approximately 120,000 workers. This letter was now received by the regional administration of the German metal syndicate, IG…
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Athens International Airport: Over 97m euros net profits of six months
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in UndertakingsRevenue increase and the financial results for the semester ended June 30, 2024. AIA recorded total revenues and other revenues increased by 42.3 million euros or 16.8% to 293.6 million euros in the 1st half of 2024, with revenue flows of Air and Non-Air Activities showing a significant improvement mainly due to the increase in…