Category: Undertakings
Thanos Hotels and Resorts: The most dynamic entry into the Greek market was announced by the Cypriot hotel group
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in UndertakingsIn 2023 the group from Cyprus chose Mykonos to present a new hotel concept, the Amyth Hotels. The first hotel has been open since April 2023 in Agios Stefanos, while in May 2024 it will open a new Amyth in the popular Super Paradise in a fully renovated complex consisting of 50 rooms, suites and…
Motor Oil: Earnings 806,6 million euros in 2023 – At 1.8 euros total dividend
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in UndertakingsIts group clearly scored EUR 806 million for 2023, reduced by EUR 968 million in 2022, according to the results announced today (3.4.2024). In detail, Motor Oil’s turnover was respectively EUR 13,3 billion compared to EUR 16,6 billion in 2022 (-20%) and the operating profits EBITDA at EUR 1.38 billion compared to EUR 1.69 billion.…
Motor Oil: Profit 806,6 million in 2023, at 1.8 euros total dividend
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in UndertakingsIts group clearly scored EUR 806 million for 2023, reduced by EUR 968 million in 2022, according to the results announced today (3.4.2024). In detail, Motor Oil’s turnover was respectively EUR 13,3 billion compared to EUR 16,6 billion in 2022 (-20%) and the operating profits EBITDA at EUR 1.38 billion compared to EUR 1.69 billion.…
LARCO: Stone assurances for its operation
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in UndertakingsUnder-Secretary of Finance Thanasis Petralias assured from the House’s step that “he will do everything possible to operate the” defending the amendment submitted to the Single Digital Market bill, giving a new extension of the deadline for the completion of the company’s special management. For their part all Opposition parties accused the government of leading…
Interlife Insurance: 7.94% increased production in the first quarter of 2024
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in UndertakingsBy 7.94%, INTERLIFE’s insurance premiums increased in the first quarter of 2024 against the corresponding quarter of 2023 further strengthening its position on the insurance market. More specifically, according to the insurance announcement, production in the car industry increased 5.69% and production of Other Branches 12.25%. It is also worth mentioning that the rate of…
AEGEAN: 11% increased passenger traffic in the 1st quarter of 2024
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in UndertakingsIt carried about 2.9 million passengers recording equivalent traffic growth of 11% on both the internal and external network during the 1st quarter of 2024. In the traditionally weaker quarter of the year AEGEAN carried a total of around 2.9 million passengers, increased by 279 thousand compared to 2023, having offered around 3.5 million seats…
Intracom Telecom – Open Fiber: The first commercial FWA network in the world for Gigabit at home
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in UndertakingsOpen Fiber cooperates with Telecom to achieve the EU’s Community Gigabit supported by relevant European initiatives, Intracom Telecom announced. Intracom Telecom, a global provider of technological systems and solutions, announced the extension of cooperation to achieve a Community goal with Open Fiber, a wholesale network provider of Italy. As of 2019, Open Fiber pioneered the…
Alumil: Investment project over 20m euros for 2024
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in UndertakingsThe group grows steadily high, culminating in the first quarter of 2024, during which rapid growth is recorded , according to the group’s announcement. More specifically, in order to meet the increased sales ALUMIL runs a large investment project of more than EUR 20 million in 2024 aimed at increasing its production capacity, which includes,…
Recovery Fund: Business agreement signed with Attica Bank for loans
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in UndertakingsToday, Wednesday, April 3, 2024, the operational agreement between the Greek State, represented by the Deputy Minister of National Economy and Finance responsible for the Recovery and Durability Fund, Mr.Nikos Papathanasis, and her for the exploitation of the loan resources of Greece 2.0. It is noted that prior to the agreement with Attica Bank on…
Dimand: Profit before tax of EUR 17,0 million in 2023
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in UndertakingsIts announced pre-tax profits of 17.0m euros for 2023 against losses of 5.1m euros of 2022. According to the Dimand Group Communication, 2023 is characterised by strong operating performance, with an increase of EBITDA by 170% from 7.1m euros in 2022 to 19,2m euros in 2023. On 31.12.2023, the total portfolio developed and managed by…
JUNEYAO AIR – AEGEAN: Cooperation on Common Code Flights expected to begin on 1 May
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in UndertakingsJUNEYAO AIR and AEGEAN announced their launch for common code flights, thus offering their passengers the opportunity to benefit from the increased connectivity of the two companies, turning Athens into an entry gate between Asia and Europe. With the addition of a new flight from Shanghai to Athens, JUNEYAO AIR significantly increases the European destinations…
iauction.gr: Auction series in the next six months worth over EUR 1 billion
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in UndertakingsSince the beginning of 2022 and until now, there have been 127 000 in different rounds (about 90,000 properties), worth 14.8 billion euros. Of these auctions only 14.9% there was a bidder (so new owner), while 44% of the auctions did not participate in the process, according to information given by the platform iauction.gr. Regarding…
Ste: Validates the “identification” of the olives “Kalamon” with the olives “Kalamata”
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in UndertakingsThe Council of State ( ) considered the decision of the former Minister of Rural Development, Dimitris Georgantas, under which the registration of varieties of the plant variety “Kalamon” was approved as a synonym for the old name “. It is recalled that in relation to this issue an appeal had been made by the…
Pangratian Bank: At EUR 90.8 million profits before tax in 2023
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in UndertakingsWith profitability they closed the results of 2023 for the , recording before tax 90.76m euros, significantly enhanced both by the acquisition of the activities of HSBC’s Greek branch and by the Bank’s own business activity. According to the relevant communication, the normalised pre-tax result (excluding the benefit from the acquisition of HSBC), also recorded…
HOURS: 3 years “Energy Community OF HOURS EN.A. “
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in UndertakingsThree years was recently completed by the company’s first and largest Energy Community of EN.A. , now listing 5,000 members who honor it with their trust. Starting again, HEROS, a member of the GEK TERNA Group, presented in January 2021 on the Greek market the “Energy Community of HOURS EN.A”, offering access to the production…
Y: Businesses review their climate targets while progress towards sustainable development is slowing down
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in UndertakingsProgress has been slowed to an average of 20% compared to 30% in 2022 At the same time as research, many businesses have extended the deadlines set for achieving their objectives, with timescales shifting from 2036 to 2050, as large-scale investments are required for sustainable development, planning and cooperation between the sectors of the economy.…
CEF: What changes with net billing for those investing in photovoltaics
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in UndertakingsIssues related to net-metering (energy netting) and the successor scheme, net-billing clarified by the Association of Photovoltaic Companies, following general reports by the Minister of the Pen, relevant publications, but also unseen rumors that have disrupted the market. Is net-metering “illegal” for photovoltaic energy produced under Community legislation, as some claim? Of course not. Net-metering…
Cenergy: Markets – targets for 2024
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in UndertakingsOperating profitability of EUR 230 – 250 million is set for this year , according to its presentation of the results of 2023 . In particular, following the improvement in the financial results in 2023, with the unexecuted amount of EUR 3.15 billion (2.5 billion in the cable arm and EUR 650 million in the…
Intralot: Plans for US, Australia, South Africa and Brazil
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in UndertakingsHer plans were presented yesterday by her management, as part of the communication of the results of 2023. In relation to the contracts which Intralot claims in the US, in terms of administration, as reflected in the teleconference, it is estimated that a low one-digit number of these contracts can be secured, which is sufficient…
‘El. Venizelos’: The direct launch of Shanghai – Athens by Juneao Air has been successful
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in UndertakingsThe opening flight from her to her landed at Athens International Airport on April 2, marking the successful launch of the first direct intercontinental connection with Shanghai in 2024, which is the fourth intercontinental route to be conducted by Juneao Air. The new intercontinental flight is still a proof of the company’s best practice, which…
GEK TERNA: “lock” three new major concession contracts – The benefits of the Attic Road
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in UndertakingsThe largest investor in projects and PPPs, managing more than 1,600 km of major highways, with its addition and Attica Road, is the GEK TERNA group. A few weeks after he emerged as a temporary contractor in the tender for the BOAK concession contract, for which the deadline for submitting appeals by competitors also expired,…
BriQ Properties: How the merger with ICI and new investments progress
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in Undertakings2024 is expected to be a ‘sauler’ year for the , as the process of absorption of Intercontinental International SNEAP (‘ICI’) is expected to be completed. At the time of running three more important projects in the field of logistics, which also has a strong presence in the offices and in the hotel industry. As…
In summer the contractor who will “run” Kalamata International Airport
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in UndertakingsThe competition procedure for the exploitation of Kalamata International Airport (‘Captain Vas. Constantakopoulos’) is proceeding according to the planning of the Trans-Tamion. The period of submission of comments by the prospective investors on the tender documents expired days ago, and we recall that at the end of January the four pre-selected tenderers had been given…
TITAN Group: Green investment of EUR 26 million in the Kamari plant
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in UndertakingsGreen €26 million at the cement factory in Kamari Boeotia opened the group today (2.4.2024) as part of a special event. To date, the achievements and initiatives that will make the factory in Kamari as one of the largest, fully digitized and green cement plants in Europe, with a horizon of 2030, emerged as the…
Manousakis (ADMIE): Double the system’s “column” for RES absorption
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in UndertakingsThe need for a second transport system to be created in the medium term in order for the country – combined with storage – to be able to absorb the green energy produced in Greece, or to be traded through international interconnections, was highlighted by its president and CEO, Manos Manousakis, in his placement at…
Securities and Exchange Commission: Withdrawal of the authorisation of the company Prelium
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in UndertakingsThe withdrawal of the license of the company “Prelium Investment Services GDPE” today decided (2.4.2024) its Board of Directors. The Capital Market Commission also decided to impose a fine of EUR 120,000 on the company ‘Prelium Investment Services GDPE’ for not taking measures to protect its customers’ capital and its major organisational issues. He still…
BOAK: Temporary contractor named GEK TERNA
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in UndertakingsTemporary contractor for the “Study, Construction, Financing, Operation, Maintenance and Exploitation of the Northern Road Axis of Crete ( ) in Chania – Heraklion” was appointed GEK TERNA, according to a decision of the political leadership of the Ministry of Infrastructure and Transport. Upon completion of Phase II of the international competition for the submission…
Attiki Street: The Vinci and Mytilineos action against TAPED was dismissed.
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in UndertakingsIt was rejected by the Council of State (GEK TEA) that the French company’s joint venture with Mytilineos against TAIPED for its concession tender, where it has tendered . It is recalled that the GEK TERNA Group was declared a preferred Investor by the Board of Directors of TAIPEDE (EUR 3,27 billion) to award a…
Average wage: “Champion” in rising wages tourism in 2023
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in Undertakings“Champion” in the increase in wages emerged the tourism industry in 2023, according to the figures reflected in the final findings of the Centre for Planning and Economic Research (KEPE) to adjust the minimum wage. The biggest wage increase for 2023 was observed in the tourism sector (9.1%) at the same time as employees fell…
Lamda – Brook Lane Capital: Shareholders agreement signed for the development of a mixed-use tower
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in UndertakingsS.A. announced that a Shareholders Agreement was signed within the framework of the strategy with the Brook Lane Capital Group (the Framework Agreement – Framework Agreement, signed on 27.01.2022) for the development of a mixed-use tower (‘Mixed Use Tower’) within the Business Centre (‘Commercial Hub’) in the area of Vouliagmenis Avenue. On 28.3.2024 the signatures…
Other: Perdicaris (TERNA): Social well-being at the heart of every project
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in Undertakings“The regeneration of the manufacturing industry is inextricably linked to the welfare of our country”. With this phrase, Mr.George Perdikalis, its President, summed up the importance of the existence of a growing and healthy activity of Greek technical companies, for the economic and social development of Greece, speaking at the “Infrastructures and Networks” conference held…
Mytilineos – Karatzi Group: They signed ‘green’ PPA of 210MW
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in UndertakingsLong-term bilaterals (PPA) were signed by Energy & Metals and Karatzis Group to produce and absorb ‘green’ energy of a total capacity of 210 MW from the PV power portfolio under construction 262 MW. Under this bilateral agreement, Mytilineos will be able to use 80% of the energy produced, strengthening its ‘green’ supply portfolio. This…
Lamda: Land sale complete in Belgrade
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in UndertakingsThe 469-acre property plot of SINGIDUNUM – BUILDINGS D.O. in Belgrade was completed, according to a S.A. announcement. More specifically, Lamda Development announced that on 26.3.2024 the notarial act was signed between SINGIDUNUM – BUILDINGS D.O.O. (100% indirect subsidiary of the Company) and MEGAPARK D.O.O. (a subsidiary of Belgrade-based BIG CEE, Serbia) for the sale…
Alcoholic: Greek exports broke the barrier – starring ouzo and tsipouro
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in UndertakingsThe Greek industry is also increasing in 2023, surpassing 100m euros, according to data from the Association of Greek Alcoholic Drinks Producers (SEAOP). Although exports of all European alcoholic beverages decreased by 7% in 2023 compared to 2022, the Greek beverage/distillery industry stood out by increasing its exports by 9.4%, surpassing the 100m-euro barrier. Engine…
Real estate: In a high seven-year residence prices – Turn to smaller houses
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in UndertakingsOver twice as many are their prices in the first months of 2024 as in 2017, where it was the year one of the largest falls in their values was recorded throughout the country. Today, in some of the most popular regions of Attica, they can be increased by 214% compared with seven years ago.…
Recovery Fund: At 147m euros, applications to upgrade ski resorts – Until 30 April shelters
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in UndertakingsOn Sunday (31.03.2024) the period for the submission of investment projects was completed in the context of the Call for Interest of the “Upgrading” project of the “Tourist Development” Action, a total contribution of €43.3 million . In total, aid applications were submitted from almost all of the country’s licensed ski resorts, which amount to…
Superfund: New record for 2023 – At 177.4m euros revenue
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in UndertakingsIn a new record it was moved in 2023 with its financial performance being higher last year, and with more than double and profits over 2022. The Superfund announced its results report for 2023 having to show record revenues reaching 177.4m euros. In detail, he announced that dividend revenues for the year 2023 (€177,4 million)…
Pharmaceutical industry: Explosion of investments and new factories in Tripoli
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in UndertakingsThree Greek pharmaceutical companies are creating production plants for substances and drugs in the BI. IP Tripoli, proving that Greece can be a centre for all of Europe. When the investment of the companies DEMO, WINMEDICA of the ELPEN and FARAN group is completed, we will have the possibility of producing drugs for the first…
BlackRock: ‘Green light’ for equity investments and in the second quarter of 2024
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in UndertakingsPositive on taking risks from shares and during the second quarter is BlackRock, according to her report. The investment bank “severes” in the decline of inflation, in the expectations of interest rate cuts and in strong corporate profits, considering that a favourable climate for investment is being created. Without excluding corrective movements in the short…
Women: Extension of the measure of suspension of employment contracts – What the deadlines for responsible declarations
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in UndertakingsThe measure suspending them in enterprises active in the furry industry shall be extended until 30.6.2024. These are the operations affected by the consequences of the war in Ukraine. This measure for work contracts in furry is implemented from July 2022 to March 2024, with the same terms and conditions as the No. 67806/19-7-2022 (B…
KYKNOS: Increase in turnover by 21.52% and exports by 45%
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in UndertakingsBy 21.52%, the turnover of KYKNOS S.A. increased, from the beginning of July 2022 to the end of June 2023, reaching 36.29m euros compared to 29.86m euros in the immediately preceding year, based on the company’s latest financial statements registered at GEMIS. According to the management of the canning company: “It is notable that despite…
KYKNOS: Weight increase by 21.52%
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in UndertakingsBy 21.52%, the turnover of KYKNOS S.A. increased, from the beginning of July 2022 to the end of June 2023, reaching 36.29m euros compared to 29.86m euros in the immediately preceding year. According to the management of the canning company: “It is notable that despite the intense inflationary environment and reduced consumer purchasing power, the…
S&P Global: Greek manufacturing sector strengthened in March
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in UndertakingsS&P Global’s seasonally adapted managers were formed at 55.9 units for the manufacturing sector in Greece (Purchasing Managers’ Index – PMI) in March. More specifically, the supply index recorded an increased price in March compared to February, which was 55.5 units, indicating a faster improvement in the health of the manufacturing sector since February 2022.…
Real estate: Church’s sought after “filettes” and the “conflicts” that cause
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in UndertakingsIn recent years, both foreign and Greek investors have been interested in the untapped “filettes” of the Southern Suburbs belonging to the . More intense interest is there for the free areas of the Archdiocese of Athens in Vouliagmeni, which gradually come out in competition for their use. This is a process, however, which has…
How the former “Athens Heart” shopping mall turns into an office complex
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in UndertakingsBy the end of the first semester 2024 the “green” bioclimatics on Piraeus 180 – 186 are expected to be completed and delivered to his new tenant. And if at first sight it does not appear to be more than another project to implement buildings in Attica, however, this “transformation” of offices has its interest.…
National Bank: Growth 4% can be achieved by the business sector in 2024 – The “new economy” industry stands out
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in UndertakingsThe business sector has the potential to achieve rates of 4% (in deflated terms) in 2024, estimates. The Directorate for Economic Analysis of the National Bank, the main proponents of this development, will be the gradually stronger European demand as well as the further exploitation of European resources mainly for infrastructure and digital upgrading projects.…
EIB: Growth 4% can be achieved by the business sector in 2024 – The ‘new economy’ industry stands out
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in UndertakingsThe business sector has the potential to achieve rates of 4% (in deflated terms) in 2024. The Directorate for Economic Analysis of the National Bank, the main proponents of this development, will be the gradually stronger European demand as well as the further exploitation of European resources mainly for infrastructure and digital upgrading projects. In…
GENTER: Signature of Egnatia Road Concession Convention and 3 vertical roads
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in UndertakingsAs stated in its communication: GEKTERNA GA / RIC: HRMr.AT announces that it signed today, as the original shareholder and member of the company “NEA EGNATIA ROUTE ADMITMENT OF ANNOUNCEMENT COMPANY”, the concession agreement regarding the right to finance, operate, maintain and operate the Egnatia Highway, as well as the three (3) vertical roads to…
Hebicide: Profit before tax of EUR 5.2 million
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in Undertakingsbefore interest and depreciation (EBITDA) of EUR 5,246 million was presented by Hebroparma SA in 2023, with an increase of 46% compared to 2022. In particular, the consolidated results before tax in 2023 amounted to EUR 2,707 million, showing an increase of 78% over 2022, where the corresponding amount was EUR 1,522 million. Accordingly, the…
Intralot: Net Profit at EUR 5,8 million for 2023
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in UndertakingsAn increase of 5.4% announced by 2023 compared to 2022, with the net reaching 5.8m euros, according to the company’s financial results. More specifically, Intralot’s EBITDA profits increased by 5.4% in 2023, reaching 129.5m euros, while in 2022 the EBITDA margin rose to 35.6% from 31.3%. EBT profits amounted to EUR 33.6 million in 2023…
Airports: 15.7% increased passenger traffic in February 2024
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in UndertakingsThe traffic increased by 15.7% in February 2024 compared to the corresponding month of 2023 in all of our country (Athens Airport “Eleftherios Venizelos”, 24 AIA management airports, 14 regional airports of Fraport Greece), according to the statistics of the Civil Aviation Agency. As the statistics show, the total passenger traffic at airports (airport arrivals…
IPTO: Greece champion in Europe in penetration of renewable energy sources
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in UndertakingsThe electrical interconnection project – Cyprus – Israel commented on its president and CEO, M. Manousakis, speaking at the 5th POWER & GAS FORUM, stressing the strengthening of the country’s position internationally. Mr Manousakis referred to the IPME investment programme which he described as realistic, taking into account the increasing penetration of renewable energy sources…
Airports: 15.7% increased passenger traffic in February 2024 – Rise 12.2% in the first two months of 2024
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in UndertakingsThe traffic increased by 15.7% in February 2024 compared to the corresponding month of 2023 in all of our country (Athens Airport “Eleftherios Venizelos”, 24 AIA management airports, 14 regional airports of Fraport Greece), according to the statistics of the Civil Aviation Agency. As the statistics show, the total passenger traffic at airports (airport arrivals…
FAGE: Sales increased by 13.9% in 2023
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in UndertakingsIn 2023, the increase in prices and sales volume increased and increased. FAGE sales and profits increased 13.9% in 2023 compared to 2022, reaching $629.2 million, according to the company’s financial report. This increase in turnover is attributed by the company to the valuations of its products, with the average increase in net price being…
Autohellas: Sizes doubled over five years
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in UndertakingsDouble sizes achieved within five years, from 2018 to 2023, having recorded record sizes last year, i.e. more than 1 billion euros and operating profitability (EBITDA) of 272m euros. These high performances of the turnover are attributed to the fact that the company is more “balanced”, as said yesterday (28.3.2024) during the teleconference of analysts…
Aivaliotis (Ministry of Energy): ‘The current returns of RES projects do not ensure futures’
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in UndertakingsYesterday (28.3.2024) the producers’ expectations for possible compensation for the energy needed to ensure the stability of the electrical system by the Secretary-General of Energy Aristotle Aivaliotis. Energy cuts from RES on a large scale will mainly concern the period 2027-2028, as the secretary general said in a speech at the Power & Gas Forum…
NBG Pay: 0.5% reduced commission for transactions up to 10 euros
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in UndertakingsA reduction of 0.5% of the supply for small ones was announced by NBG Pay in the context of the mandatory use of POS terminals, thus supporting small and medium-sized , with a steadily reduced e-commerce clearing fee. Individual companies, joint and heterogeneous companies can accept payments via POS, for transactions up to EUR 10,…
LARCO: What are the transitional measures for workers?
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in UndertakingsIn a package of interventions for the final settlement of those related to the , in the light of the need to stop the financial bleeding of the State from the operation of the company – which is valued at hundreds of millions of euros that burden all taxpayers – resulted in the joint ministries…
Cenergy: A dividend of 0.08 euros for 2023 – Cables stood out
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in UndertakingsHer financial results report for 2023 was published by Cenergy Holdings with the company announcing profits of 73m euros and distribution of a dividend of 0.08% increased by 60% compared to 2022. The report provides a comprehensive overview of consolidated economic performance, business strategy, environmental and social performance, as well as the practices followed in…
LARCO: Commitment of interventions to stop the financial bleeding of the State – Transitional measures for workers
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in UndertakingsIn a package of interventions for the final settlement of those related to the , in the light of the need to stop the financial bleeding of the State from the operation of the company – which is valued at hundreds of millions of euros that burden all taxpayers – resulted in the joint ministries…
Cordia: Entry into the retail market of security services
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in UndertakingsCordia announced his involvement in the retail market for security services, and is expected to announce his cooperation with a telecommunications provider in the near future. In the group participates SMERC, the fund led by Marianna Latsi’s family office. The prospects of the Cordia Group active in the field of Integrated Management of Buildings, Facilities…
Recovery Fund: On Sunday 31 March the opportunity to invest in ski resorts and mountaineering facilities closes
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in Undertakings‘ The hourglass empties” for applications for investment in winter and alternative tourism businesses, such as mountain shelters, with resources from the Recovery Fund. This is because on the coming Sunday the deadline for the application expires with the simultaneous submission of these investment plans for evaluation and approval. Overall, the two programmes (for mountain…
Management Companies: The e-service platform enters into operation on 1 April
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in UndertakingsNo extension will be given to management companies for the implementation of the digital information and communication platform with them , which must operate on each company from the coming Monday 1 April. The management companies reportedly had a meeting yesterday with the Secretary-General for Finance and Private Debt Management, Mr. Godini Alabamas, on the…
By 10%, industrial and construction firms increased in 2019 – 2023
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in UndertakingsA 10.2% increase was noted in the number of their industries and construction workers in 2023, according to the results of the information system “ERGANIS”. In particular, industry and construction companies in 2023 amounted to 27,998 compared to 2019 when the same industry’s enterprises reached 25,393. Businesses increased to 18 out of 27 branches, decreased…
Lamda: Who is the new Tower with hotel and residences in Greek
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in UndertakingsThe construction of a new 150 metres with approximately 40 floors starts on the area of the former airport in Greek or, in collaboration with an international investment fund BrookLane, an investment estimated at over 200m euros. This new Tower of Lamda Development in Greek will have mixed use and in particular residences and hotel.…
Premia Properties: Investments of EUR 300 million – How Project Skyline progresses
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in UndertakingsPremia Properties ran over EUR 300 million in 2023, which was even 13% higher than last year. At the same time, the company, although having increased turnover by 26%, had a significant profit reduction, as of the 15.86m euros in 2022, reached 7.24m euros, decreasing 54%. At the time that the Skyline project has entered…
Intralot: He issued a 100m-euro bond loan with five Greek banks
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in UndertakingsA contract for the issue of a bond up to 100m euros was signed by AE on 27 March 2024 with organizers Piraeus Bank and the National Bank of Greece. Intralot SA’s bond loan will last up to 30.6.2025 and initial bond lenders Piraeus Bank, the National Bank of Greece, Optima Bank, Attica Bank and…
Trastor: Income from rents increased by 17.5% in 2023
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in UndertakingsBy 17.5, the group’s investment real estate leases increased in 2023. According to the relevant Communication, this increase is the result of the maturity of new investment in real estate income and new leases under the investment strategy implemented by the group. In particular, the proceeds from investment property leases of the Trastor group amounted…
BriQ Properties: Revenue increased by 14% for 2023
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in Undertakings14% increased the SNEAP for 2023, according to its announcement. In particular, rent revenues amounted to EUR 9,1 million compared to EUR 8 million of last year. The increase in BriQ Properties revenue is mainly due to the lease of the expansion of the first Logistics Building (AD 1) located at the company’s Logistics Park…
TITAN: Increased by 11.6% sales in 2023
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in Undertakings11.6% increased the group in 2023, according to the Single Annual Report 2023 published today (28.3.2024). In addition, the TITAN Group, in addition to high sales, has shown strong performance in reducing emissions of pollutants alongside performance records, increased returns to shareholders and creating long-term value for participants. “These achievements underline Titan’s commitment to sustainable…
Lavazza: Over 3 billion euros turnover in 2023
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in UndertakingsContinuous development is recorded for Lavazza, according to the corporate strategy, resulting in turnover for 2023 being over EUR 3 billion. The Board of Directors of the Lavazza Group approved the Financial Statements on 31 December 2023 and announces the main economic indicators: “In 2023, the macroeconomic scenario for the industry was extremely complicated due…
Folli Follie: Points for persons who contributed to the collapse
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in UndertakingsOn the third day of his apology, Dimitris Koutsolioutsos’ founder “throwed” spikes for persons who contributed to her collapse, without giving names, denying all the charges attributed to him and speaking not to illegal alteration of evidence but to “motivating the image of the company”. At the same time, Folli Follie’s founder stated that he…
Supermarket: Price evolution index held in February 2024
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in UndertakingsThe price evolution index was moderated in February 2024 with products increasing on average 2.75% compared to February 2023. The apparent holding of the price evolution index in supermarkets in February 2024 shows that inflation in supermarket chains is of the order of 2.75%, compared to 3.00% in January 2024, according to a survey by…
IPME: Competition for the electrical interconnection of the Dodecanese islands with the islands of the Northeastern Aegean
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in Undertakingson the conclusion of an agreement on the underwater cable projects of alternating currents of the Dodecanese interconnections and the islands of the Northeastern Aegean. The IPTO tender procedure concerns the promotion of contractors for the project: “Study, Supply & Installation of submarines and underground cables in the context of island interconnection projects with the…
LARCO: Continued occupation of the plant – On 31 March workers’ contracts expire
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in UndertakingsIn occupation of the LARCO plant in Larymna they moved on yesterday (27.03. 24) workers in LARCO. They shut down the gates and the administration building themselves, asking for the factory to reopen. It is typical that workers’ unions in LARCO have culminated in their efforts in recent times calling for “the decisions that have…
The European electricity industry is hosted in Athens in May by PPC
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in UndertakingsWith the basic slogan “Open Lights” it is held in May by its great annual European conference in Athens. Specifically, the European electricity link Eurelectric with PPC host will host the entire branch of Old Epirus on 22-23 May 2024 in Lagonisi. A total of over 500 officials, experts and executives will take part in…
Industry: Lucetta in its 2 factories puts Sonoco Hellas
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in UndertakingsSonoco Hellas SA, which is a subsidiary of the American company Sonoco Products Co. This news was received by the workers of the two Sonoco Hellas factories (Thessaloniki, Kilkis) the day before yesterday (26.03. 24) The reason for the two factories of papermaking Sonoco Greece S.A., a subsidiary of the American colossus in the packaging…
The European electricity industry is hosted in Athens in May by PPC
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in UndertakingsUnder the basic slogan “Open Lights” it is held in May by its great annual European conference in Athens. Specifically, the European electricity link Eurelectric with PPC host will host the entire branch of Old Epirus on 22-23 May 2024 in Lagonisi. A total of over 500 officials, experts and executives will take part in…
The “road” for “PYKAL Government Park” – The step towards the relocation of EAS
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in UndertakingsThe big plan for the construction of the government “Andreas Ledakis” in the area of the former which will house nine ministries and other public services still needs a significant period of maturation, as the relevant competition is probably expected in 2025. However, a first step towards the creation of the project, also known as…
‘Window’ for new increases in orange juice prices
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in Undertakings“Window” for new increases in the price of juice leaves its Economic Analysis & Investment Strategy department for March 2024. According to Piraeus Bank’s agricultural product price bulletin, market concerns on the issue of supply are expected to remain, as problems arose in the crops of New Europe, such as the “greening” of the fruit.…
Samsung Pay: Cooperation with the Russian Mir payment system is discontinued
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in UndertakingsThe cessation of service of her Mir payment cards from April 3 announced today (27.3.2024) Samsung Pay payment service, owned by South Korean Electronics. In particular, Samsung Pay said in an announcement that “as of April 3, 2024, adding and using Mir (Russia) cards to Samsung Pay will not be available.” The payment cards issued…
Competition Committee: Sudden controls on IT and technology companies
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in UndertakingsIn the IT and technology sector , as part of a self-employed research into a possible horizontal partnership for the distortion of public competitions (bidrigging). As stated in a Communication from the Competition Committee, such checks are carried out on undertakings from which data on anti-competitive practices in the investigated markets may be collected and…
TEPIX III: Liquidity of EUR 2.2 billion for SMEs through the Development Bank
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in UndertakingsAs the consultant company NEPA Economic Consulting states, in its newsletter, the activation of TEPIX III with the participation and total budget of EUR 500 million, aims to support loans and guarantees totalling EUR 2.2 billion with the leverage of funds by banks. This new programme in cooperation with banks is moving in the right…
IOBE: 21.4 billion euros will reach construction turnover by 2026
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in UndertakingsThe prospects for these are particularly positive, according to the study of the Foundation for Economic and Industrial Research ( ) on the ” Trends, challenges and prospects of Construction”. According to IOBE’s study, the Recovery and Durability Fund (TAA) along with the other European Funds and National Funds will finance infrastructure projects that will…
Moody’s: Positive vote on Greece’s 4 systemic banks for 2023 performance
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in UndertakingsThe rating agency gives a positive vote in his report he published today (27.3.2024). The Greek banks, according to Moody’s, in 2023 benefited from the high interest rates on loans and low impairments thus presenting strong profits in the recent annual results of the four systemic banks, Alpha Bank (Ba1/Ba2 Positive, ba3), Eurobank (Baa3/Ba1 Positive,…
Hellenic Properties: New 15m euros investment for the reconstruction of a former industrial building in a green office building
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in UndertakingsThe redevelopment of an old, empty former industrial building in an office building by Hellenic Properties also marks the first in collaboration with the Greek ESG-focused fund Sirec Energy. It is a former industrial building in Taurus, very close to the metro line 1 station in Kallithea, a total area of 5,200 sq.m., which will…
Greek: The next steps of the mega project and the Ellinikon Park Tower
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in UndertakingsMajor developments have been taking place lately in its large investment , as significant information on how some of the major projects implemented by Lamda Development have been progressing. In this context a few days ago it became known that Riviera Galleria, the second mall, which will take “sarka and bones” in the marina of…
Banks: Standing by Attica Bank – Pangretes for new securitisations in “Herakles 3”
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in UndertakingsPending the submission of new requests for securitisations under “Herakles 3” , the plan for the securitisations of Attica Bank and the Maghreb Bank is in progress. The two banks have sent the data of loans that they want to securitise to DBRS and are awaiting the assessment of the house that is pre-requisite to…
GEK TERNA – Egnatia Street: The “time” of signatures for the concession contract
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in UndertakingsThe time comes for the signing of the concession contract of Egnatia Road between the consortium and Egis (75% – 25% respectively in the concession, 100% TERNA in construction). As we had recently mentioned, March was regarded as the critical month for this concession agreement, we are now on our way to its completion and…
PPC: 84 MW wind park acquisition completed in Romania
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in UndertakingsThe completion of the 84 MW acquisition in Romania was announced by PPC S.A. (“”) through PPC Renewables S.A.’s subsidiary (“PPC Renewables”) and following the fulfilment of certain conditions (precedent), usually in such transactions. PPC purchased the wind park from the European subsidiaries of the Lukoil Group of 100% of Land Power s.r.l., which holds…
Farmers: additional EUR 40 million from the Fund for Small Loans for Rural Entrepreneurship
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in UndertakingsIn cooperation with the HDB, it participates in the re-enactment of the Fund for Small Loans of Rural Entrepreneurship, using additional resources of EUR 40 million. The aim of Piraeus Bank’s cooperation with the Greek Development Bank – HDB is to finance professionals in the primary sector (farmers and farmers), as well as small and…
Papoutsanis: A 28% profit increase in 2023
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in UndertakingsPapoutsanis SA, the first soap production in Greece, announced its annual financial results for 2023. According to the company’s results, significant development of the product names was observed. More specifically, branded products increased by 36% in 2023 compared to 2022. In 2023 the company’s pre-tax profits amounted to EUR 5,0 million, increased by 28% compared…
Papoutsanis: Dynamic development of branded products and significant enhancement of profitability
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in UndertakingsPapoutsanis SA, the first soap production in Greece, announced its annual financial results for 2023. According to the company’s results, significant development of the product names was observed. More specifically, branded products increased by 36% in 2023 compared to 2022. In 2023 the company’s pre-tax profits amounted to EUR 5,0 million, increased by 28% compared…
GENTER: Temporary contractor in the project of concession of the Northern Road Axis of Crete (B.O. A.C. )
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in UndertakingsThe (Bloomberg: GEKTERNA GA / RIC: HRMr.AT) announces, in a follow-up to a relevant question from the Capital Market Commission, that a temporary contractor has been appointed to the project “STUDY – CONSTRUCTION – FINANCING – OPERATION – CONSTRUCTION AND EXTRUCTION OF THE NORTH CRETE ODD (B.O. A.K.) IN THE HANIA – HERAKLEION SECTION”. The…
MYTILINEOS: Potential for further economic activity in Canada
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in UndertakingsIn Canada, the president and CEO of Energy & Metals, Evangelos Mytileneos, is in charge of the company in the country. In a meeting with Greek Prime Ministers Kyriakos Mitsotakis and Canada Justin Trideau in Toronto, he had the opportunity to discuss more extensively MYTILINEOS’ investment in Alberta. It is recalled that the company has…
BYD: Production of 7 million new energy technology vehicles
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in UndertakingsThe Chinese vehicle manufacturing industry of new energy technology with a leading position in the China vehicle market, produced 7 million technology (NEV) on its production line in the city of Jinan, the capital of Sadong Province located to the east of China. It was a vehicle of the Denza N7, while BYD became the…
MYTILINEOS: Potential for further economic cooperation with Canada
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in UndertakingsIn Canada, the president and CEO of Energy & Metals, Evangelos Mytileneos, is in charge of the company in the country. In a meeting with Greek Prime Ministers Kyriakos Mitsotakis and Canada Justin Trideau in Toronto, he had the opportunity to discuss more extensively MYTILINEOS’ investment in Alberta. It is recalled that the company has…
NSRF: On 27 March the deadline for applications to assist small and medium-sized enterprises expires.
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in Undertakings‘ The curtain falls” for applications to join its action , entitled “Enhancing the Establishment and Operation of Youth” and “Enhancing the Establishment and Operation of New Small and Medium-sized Tourism Enterprises”. The deadline for the specific NSRF action under the Competitiveness programme aimed at supporting the development of small and medium-sized enterprises expires on…
TIPED: Until 14 May the submission of an expression of interest for the port of Lavrio
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in UndertakingsIn a new era goes the , the historic port of Attica, after the start of the competition by the , for its use by submitting an interest by interested investors until 14 May to obtain a majority percentage. The history of the port is directly linked to the mines of Attica while in the…
The Green Investment premium key axis of development law reform
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in UndertakingsThe introduction of new criteria for the introduction into the Ministry of Development plans with emphasis on the division of green investment. As officials of the Ministry of Development comment to the APR, “it remains a goal to make Development Law a useful tool for the reindustrialisation of the Greek economy, which is a priority…