Category: Undertakings
Real estate: The spring of the Greek market continues – Perspectives by branch and new trends
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in UndertakingsAt an upward rate, with a positive outlook, real estate continues to move in our country, in all sectors, residential, commercial and logistics. This finding comes from a series of studies and surveys which see the light of day. In parallel with the development prospects, new trends show that they are at the heart of…
Very small businesses earn part of the turnover of medium-sized enterprises
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in UndertakingsChampions emerged his very small in the “road race” of increasing turnover, according to figures derived from . Specifically, the turnover of the very small businesses of the retailer amounted to 194m euros in January 2024, recording an 18% increase, compared to the corresponding month of 2023, which had been set at 165m euros. However,…
THE INTERNATIONAL PLC: Financial results for 2023 – New higher level of profitability
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in UndertakingsTHEON INTERNATIONAL PLC (THEON) today announced its finances for the whole year 2023, achieving great success, overcoming expectations and setting new benchmarks in the industry. According to its financial results, THEON achieved revenues of 218.7m euros, recording an annual increase of 53.0%, with an adjusted EBIT of 56.8m euros, corresponding to a margin of 26.0%.…
E-commerce: 8 out of 10 Greeks buy online
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in UndertakingsGreece continues to grow rapidly, with e-commerce recording high levels of sales on the Greek market, according to the Information and Communication Business Association of Greece ( ). Almost 8 out of 10 Greeks are making online purchases now (77%), based on the APRC. In fact, today the average half-yearly expenditure has reached 1,000 euros…
10.3% increased turnover for retailers in January 2024
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in UndertakingsAccording to ELSTAT, the turnover for retail small and medium-sized enterprises amounted to €1.13 billion in January 2024, with an increase of 11.5% compared to January 2023, which had been set at €1.1 billion. For small and medium-sized enterprises, without the vehicle, food and fuel sectors, turnover in January 2024 amounted to 0.43 billion euros,…
Special Olympics Hellas – Attica Group: They signed a 3 year agreement on the sport inclusion programme
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in UndertakingsSpecial Olympics Hellas and the Group signed on Thursday, March 21, three years to support inclusion programs through sport. Attica Group becomes a gold sponsor of Special Olympics Hellas providing funding for the operation of the relevant programmes for the years 2024, 2025 and 2026. The agreement was signed by the President of Special Olympics…
Southrock: She highlighted her iconic projects under MIPIM 2024
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in UndertakingsThe three iconic tourist projects implemented by Southrock Asset Management in , were at the heart of its dynamic presence at MIPM 2024, one of the world’s leading real estate exhibitions, held from 12 to 15 March 2024 in Cannes. Southrock, the Greek investment management company, participated in the national booth organized by Enterprise Greece,…
GENTER: ‘Green Light’ for BOAK – Appointed temporary contractor
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in UndertakingsIn its official promotion as a temporary contractor for the project “Study, Construction, Financing, Operation, Maintenance and Exploitation of the Northern Road of Crete (BOAK) in the Chania-Heraclio section”, he proceeded with the . By decision of the Minister for Infrastructure and Transport, Christos Staikouras, the Practice of Examination of Phase II dossiers of the…
EPSILON NET Group: Significant increase in all sizes for 2023, +24% in the Work Cycle
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in UndertakingsA significant increase was also noted in 2023 by the Company Group as a whole, demonstrating its leadership in the field of Business Software in Greek . As announced by EPSILON NET Group, the strategic objective of its management remains the disposal of products and services all in one solution, the continuous expansion of market…
Fines 243.000 euros for counterfeit products in six companies in Thessaloniki
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in UndertakingsEUR 243.000 were imposed by the Ministry of Development in six in the Greater Area of Thessaloniki on a total of eleven checks carried out by the Interservice Market Control Unit (IDC). They were located, seized and destroyed 34,626 pieces of counterfeit products. The checks were carried out between 13.03.2024 and 15.03.2024, following those carried…
1.3% decreased arrivals in hotel accommodation in January 2024
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in UndertakingsIn 716,808 the hotel-type, camping and collective accommodation of short stay (rent rooms) and in 1,613,804 the nights in January 2024 were reduced by 1.3% in both arrivals and nights compared to the respective month of 2023. In particular, according to ELSTAT, there was no reduction in foreign arrivals, while there was an increase of…
Refund Advance: Extension until 30 April for replies to business review requests
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in UndertakingsBy 30 April the reply procedure will be completed to their requests for review of the refund , while the expiry of the deadline without reply will automatically mean the rejection of the request . On the basis of a decision by the Ministries for Economic and Development published in FEKs, the financial data taken…
Loan Management Companies: Critical 10-day for digital platform and new licensing
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in UndertakingsIn the final line for the adoption of the digital communication platform with them , but also the new framework of obligations governing their operation, are the management. The Secretary General for Finance and Management of Private Debt, God Alabasis, sent the previous day “annotice” to management companies, recalling that by 31 March they must…
Financing operations “without banks” (!) is being prepared by the government – The new role of the AAA and the Development Bank
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in UndertakingsA dual improvement plan, even without (!) the mediation of the system, prepares the financial staff. This project is based on a new liquidity management framework of the NSRF (new actions) and the mediation of the Greek Development Bank, which implicitly emerges in a new role. And from partner to private sector liquidity transfer through…
Bank of Greece: Primary government budget surplus decreased by 1.5 billion euros in the first two months 2024
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in UndertakingsIn the two months of January – February 2024 on a cash basis, compared to the corresponding period last year, according to a report from the Bank of Greece. The primary surplus of the State Budget this year was €2.1 billion compared to € 3.7 billion in the respective period last year. As regards the…
3.2% increased turnover in industry in January 2024
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in UndertakingsIn January 2024 the general turnover index in the (total domestic and external markets) showed an increase of 3.2% compared to January 2023, compared to a 19.8% increase in the corresponding comparison in 2023 to 2022. According to ELSTAT, this development in the turnover of domestic industries came from: 1. From the changes in indicators…
In the hands of foreign investors, the 4 major Greek banks – How the divestment of the HFSF changed the stock market
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in UndertakingsThe upper hand is now held by foreign investors, after its divestments Since PSI, capital controls and recapitalizations with state support, Greek banks are now able to attract strong private capital and have entered the international long-term investor agenda. The positions of the National Bank and Piraeus Bank, as well as the exit of the…
Record broken investments in Logistics – up to 305m euros
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in UndertakingsOne after another is what Greek AEPAP and private capital break in logistics. In 2023 the total volume of investments reached 305m euros, surpassing the record volume of 2022, which reached 280m euros. According to the Savills survey, it is estimated that over the next two years a total of around 470,000 sq.m. of new…
The CEOs of large oil companies are sharp: ‘Fantasis on the withdrawal of oil and natural gas’
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in UndertakingsA message to all governments sent yesterday (19.3.2024) the leaders of the world’s largest from the step of the CERAWeek conference taking place in Houston. Both the heads of state oil companies such as Saudi Aramco, and multinationals such as ExxonMobil, who participated in the conference in the US, stood at the fact that there…
Energy storage: the realistic counterweight to natural gas
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in UndertakingsThe storage and especially that of the large scale, i.e. through drawing, is the only guarantee that Europe will not return to the pan-state of the imported , according to a recent analysis by the Financial Times. The greater the need to ensure cheap and clean energy through greater penetration of Renewable Energy Sources, the…
Hellenic Train: Categorically disproves any divestment from Greece
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in UndertakingsIt explicitly refutes any divestment from Greece on the occasion of relevant publications released. In a communication from Hellenic Train at the same time, she notes that she wants to continue to operate in the service of the passenger public, respecting her commitment to improve the Greek rail system. The company’s announcement is as follows:…
AEGEAN: Extension of a Sustainable Air Fuel Use Programme (SAF) to Europe’s flights and airports
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in UndertakingsThe Sustainable Air Fuel Use Program (SAF) on its flights and on Europe’s flights extends . As stated in its communication “AEGEAN joins forces with one of the world’s leading air fuel suppliers, Shell, through the Greek consortium with Motor Oil, Shell and MOH Aviation and ensures the supply of a significant amount of SAF…
AEGEAN: It extends the Sustainable Air Fuel Use Programme (SAF) to its flights and airports in Europe
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in UndertakingsThe Sustainable Air Fuel Use Program (SAF) on its flights and on Europe’s flights extends . As stated in its communication “AEGEAN joins forces with one of the world’s leading air fuel suppliers, Shell, through the Greek consortium with Motor Oil, Shell and MOH Aviation and ensures the supply of a significant amount of SAF…
An increase of 11.9% was noted in the turnover of businesses providing accommodation in January 2024
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in Undertakings11.9% increased the number of enterprises in the country providing accommodation, with an obligation to keep bibliographic books and for which data are available on a monthly basis, in January 2024 and amounted to EUR 94,097,348, compared to EUR 84,061.799 in January 2023, according to the Greek Statistical Authority ( ). Aggregated for businesses in…
National Bank: Issue of a new bond and intention to repurchase securities Tier 2 worth EUR 400 million
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in UndertakingsIts intention to acquire Tier 2 bonds, worth EUR 400 million, and at the same time to issue a new one, announced today (19.3.2024). The National Bank of Greece SA (the Bank or the Offerer) announces to the investment public, in accordance with Regulation (EU) 596/2014 and Greek Law 3556/2007, the launch, on 19 March…
Optima bank initiative for the national effort to address hyponatality
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in UndertakingsIn an initiative with an essential and symbolic character, the , with a high sense of responsibility for the important problem of subnatality in our country, as well as its practical support, goes forward. Specifically, from 1 January 2024, for each family acquired by a new member, Optima bank’s employee will receive an amount of…
In RENCO – TERNA S.A. the construction of Microsoft’s 1st Data Center
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in UndertakingsThe construction of its first Data Center in the wider region of the Eastern Attica Regional Unit begins, with the award of a competition to RENCO in collaboration with TERNA S.A. Microsoft’s Data Centre is an industrial type facility consisting mainly of mechanical and electrical data storage and processing equipment in Cloud and is structured…
e – Trade: Social media and smartphone drive the purchase of EUR 100 billion in Southeast Europe
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in UndertakingsIts market for the wider Balkan and Southeast region is one of the most developing at both European and international level. In particular, in 2022 the value of e-commerce in Central and Eastern European countries approached EUR 94 billion, with an annual increase of 14% over the last five years, while in 2023 it exceeded…
Greek banks change page and attract international investment funds
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in UndertakingsThe Greek turn page, as the cycle of recapitalizations in the Greek banking system closes. Banks pass into the private sector, as there remains the sale of 18% of the National Bank of Greece, which is planned to take place in the summer, on the other hand 70% in the Bank of Attica. At the…
EUR 180 million for the promotion of Greek agricultural products and wine around the world
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in UndertakingsGreek and Greek travel throughout the world with the help of the information and promotion programmes co-financed by the European Union and the Greek public. “Our country produces a number of agricultural products and foods which have high quality characteristics, have high nutritional value and are safe at the same time. We produce a total…
Athens International Airport progresses to third green investment
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in Undertakings«Green» is the «Eleftherios Venizelos» as it proceeds to a third investment for the installation, this time 35.5 MW using energy storage batteries within its administrative limits. Athens International Airport (AIA) is on offer – expected in the following weeks – for the development of the third PV station within an airport, with a power…
End of Resistance to Climate Crisis – imposed on tourist accommodation customers
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in UndertakingsThe three-day excursions that will catalyze hotels, rentals and properties of the Airbnb type will see at the charge of their room a “Resistance to the climate crisis”. The fee replaced the residence tax and was imposed from the first January per day use and per room or apartment. It will reach up to 10…
TIPED: Plans for upgrading the operational capabilities of Zakynthos Port
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in UndertakingsProcesses aimed at exploiting the Port started it. It is recalled that since the beginning of the year, by decision of the Ministry of Finance, TAIPEDE has been designated as the authority that will design the port of Zakynthos. Taking advantage of its accumulated know-how from other similar operations in ports such as Kavala, Igoumenitsa,…
How to exploit 22+1 regional airports
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in UndertakingsIn the next phase the competition that promotes the use of the international Kalamata through a concession contract enters. Although stages are still needed concerning final approvals by joint ministries and the “building” of the final contract, it is estimated that during the summer we will be entering the bidding phase. The scheme that will…
Christos Megalos ( Piraeus Bank): The Greek economy and capital market have turned page
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in UndertakingsThe Greek economy and capital market have recovered and have now turned a page, stressed its CEO, in an interview she gave earlier on Bloomberg TV in London speaking to journalist Tom Mackenzie. Referring to Piraeus Bank, Mr. Megalos noted that 2023 was the best year in the history of the bank and in 2024…
Christos Megalos: Greek economy and capital market have turned page
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in UndertakingsThe Greek economy and capital market have recovered and have now turned a page, stressed its CEO, in an interview she gave earlier on Bloomberg TV in London speaking to journalist Tom Mackenzie. Referring to Piraeus Bank, Mr. Megalos noted that 2023 was the best year in the history of the bank and in 2024…
ICAP CRIF: Domestic flour industry is developing
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in UndertakingsThe total went up in 2023, as reported in the sectoral study of ICAP CRIF for the flour industry. In 2022 domestic consumption of flour is estimated to have increased significantly by 15% compared to 2021, while in 2023 the rise is estimated to have continued, but at a lower rate, to 3%. According to…
National Bank: Provision for economic acceleration at 2.5% this year
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in UndertakingsIn the 4th quarter, the reduction in agricultural production by 13.9% on a quarterly basis and 17.6% on an annual basis due to the natural disasters in Thessaly, forming a low of 15 years, and is estimated to have reduced the country’s population by more than 0.3% on an annual basis in 2023, according to…
Eurobank: Faster GDP growth in Greece than the Eurozone in 2023 though under expectations
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in UndertakingsThe lowest expected rate of expansion of the Greek economy in 2023, Research notes in the weekly bulletin 7 Days Economy, although the country overpaid the eurozone average. Eurobank points out that the real Gross Domestic Product (GDP) in Greece in the fourth quarter 2023 exceeded the pre-demic levels by 6.3% (3.0% in the Eurozone).…
DBRS: ‘Wall’ for housing loans
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in UndertakingsThe annual performance of the four Greek countries in 2023 was strong , according to the , and the upward dynamics are projected to continue , although it identifies an additional burden for their income from the housing loans, as well as zero compensation for the mandatory reserves held by the ECB. DBRS states, however,…
PPC FiberGrid: FTTH in 1.7 million households in 2025
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in UndertakingsPPC FiberGrid, its company that has undertaken the development and provision of a nationwide fiber optics to the house, announces its construction plan by 2025, according to which fiber optics will reach 1.7 million households and businesses. With the Fiber network to the Home of PPC FiberGrid already reached 140,000 houses in 12 municipalities of…
Banks: They starred at Morgan Stanley’s London conference, the emphasis on profits and dividends
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in UndertakingsAt the heart of interest were the Greeks at Morgan Stanley’s financial conference held 12 – 14 March in . The bankers went to London after the announcements of the strong financial results for the use of 2023, the announcements for a return to the distribution of dividends and the completion of the third privatisation…
Residential: At the heart of Greeks and foreign investors
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in UndertakingsAt the heart of the real estate in recent years are residential, which are sought after by both Greek and foreign buyers. At a time when the residences maintain strong dynamics at global level as there continues to be an increase in rents, while today a large number of offices, “break” in smaller spaces and…
Avgenakis: ‘import surveillance and the market for honey’ the profits of the digitisation of beekeeping
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in UndertakingsThe supervision of imports and the monitoring of its market is achieved by digitising the apiculture sector, the Minister for Rural Development and Food stressed, during his meeting with representatives of beekeeping, livestock and rural clubs of Evros. Mr. Avgenakis said that we are entering a new era, as with the introduction and utilization of…
At 2.1 billion euros the assets of the Occupational Insurance Funds increased in 2023
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in Undertakings5.4% (EUR 13 million) The total value of the assets of Compulsory Occupational Insurance and Occupational Insurance Funds increased in the fourth quarter of 2023 compared to the previous quarter and was set at 2,158 billion euros according to the Bank of Greece, the total deposits of the Funds were reduced by 28m euros and…
CMBlu Energy: Establishment of a production and marketing plant for innovative organic solid flow batteries in Greece
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in UndertakingsIn the first step for the establishment and marketing of innovative organic solid flow batteries in Greece, CMBlu Energy progresses with the establishment of a subsidiary in our country. Several new highly qualified jobs, 70m euros, will be created by the planned investment of the German company and will contribute decisively to the emergence of…
The 8th BSE scholarship cycle begins at the ALBA for the academic year 2024-2025
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in Undertakings“The world changes rapidly and formal education needs to be synchronized with the rhythms of technological developments. He invests in lifelong learning, and in enriching the knowledge and skills that are currently necessary for their organisational and digital transformation. Strategic cooperation with ALBA strengthens employees and its member businesses.” With this key message begins the…
Two-digit development in the supermarkets of the islands
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in UndertakingsThe organised food retail trade and especially the regions continue to show double digits, according to a NielsenIQ survey. Even if the urban centres of Athens and Thessaloniki collect the main volume and turnover of consumption, more than 50%, it is the region that continues to show the most intense growth, with island regions in…
Orange exports exploded in 2023 – 65% increase compared to last year
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in UndertakingsAccording to data from investigations of the Northern Greek Export Association (SEBE), the Greek population was 65% in 2023. More specifically, exports of oranges in 2023 reached EUR 225.9 million compared to EUR 136.8 million in 2022. In other words, they increased by EUR 89.1 million. It is worth noting that the rate of increase…
Upgrade by 4 tiers of PPC’s assessment by the International CDP Organisation
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in UndertakingsFour tiers have been upgraded by the International Non-Governmental Organization Carbon Disclosure Project (CDP), from “D-” to “B-“, on issues of mitigation and adaptation to . With transformation in line with implementation, PPC Group continuously improves its performance in critical areas related to climate change, and now ranks 37% of companies assessed with “B-” by…
Generali: Increase in net results 14.1% in 2023
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in UndertakingsIncrease in gross written premiums to EUR 82.5 billion (+5.6%) due to the significant increase in the General Insurance sector (+12.0%) recorded by Generali in 2023, according to its financial statements. According to the announcement of the results, net inputs to the Life sector focus exclusively on protection programs and unit-linked investment products, which is…
Trade Estates: How to create a portfolio worth over 700 million by 2027
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in UndertakingsThe value of its portfolio reached 484m euros in 2023, with an increase of 262% over 2021, which was 185m euros. Today, the subsidiary of Fourlis Group has a total of 13 properties of a total area of 344,006 sq.m. and specializes exclusively in Retail Parks and Omni-Channel Logistics Centers. By 2027 Trade Estates intends…
Nexi: Market share 60% in card issuance in Greece – The largest network of merchants with more than 270,000 POS
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in UndertakingsHer impression in Europe, as well as in the Greek market, was presented by Nexi Greece, a subsidiary of the Nexi Group, the European PayTech leader. As the CEO of the company, Eugenio Tornaghi and Commercial Director Nikos Papadoglou said, loyal to her vision of moving to a Europe without cash, Nexi successfully promotes innovation…
Trade Estates: How to create a portfolio worth over 700 million by 2027
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in UndertakingsThe value of its portfolio reached 484m euros in 2023, with an increase of 262% over 2021, which was 185m euros. Today, the subsidiary of Fourlis Group has a total of 13 properties of a total area of 344,006 sq.m. and specializes exclusively in Retail Parks and Omni-Channel Logistics Centers. At a time when by…
The energy sector is called upon to solve the difficult problem of social reactions
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in UndertakingsThe phenomenon of social against energy projects is not new. For decades organizations or environmental NGOs have been struggling against projects or infrastructure that they consider to be degraded the local environment. However, people’s reactions are not the same against every individual technology and project. They vary in arguments, intensity and duration depending on circumstances.…
OPAP: Revenue at 2,087 billion euros in 2023 – At 1,85 euros the dividend
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in UndertakingsRecord recorded in 2023, reaching 2,087 billion euros, while at 1.85 euros reached his dividend, according to the financial results he published today (13.03.24). The net income before contributions (GGR) of use of the OPAP in 2023 was set at record levels at 2,087,7cm. EUR 1,939,0 million in 2022, increased by 7.7% annually, as a…
In Verdalite Limited 33.58% of Entersoft
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in Undertakingsof Entersoft SA representing 8,19% of its share capital was acquired by the Olympia Group at yesterday’s meeting (12.3.2024) of the Athens Stock Exchange, through its affiliated company Verdalite Limited. In particular Verdalite Limited holds a total of 10,075,120 shares of Entersoft representing 33,58% of its share capital. It is noted that Rucio Investment S.à.r.l…
Consolidation of the institutional framework for mergers and facilitation of integration into the alternative market of the CSD
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in Undertakingsto facilitate merger procedures and access to capital markets for businesses prepares it. According to its secure information from competent officials of the Ministry of Finance, this bill will come to Parliament in June. Its main elements will be the consolidation of the institutional framework for mergers and the reduction of the turnover limit for…
43% of IT companies want to make hires next quarter
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in UndertakingsRecruitment bar in the next quarter, with 43% of the industry’s businesses stating that it will proceed in the next three months, according to the APRC. In fact, the IT sector records the greatest increase in recruitment intentions, increasing by 32% from the previous quarter and by 37% from the respective last quarter (2nd quarter…
By 1.5% business turnover decreased in January 2024
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in UndertakingsBy 1.5%, the country fell in January 2024 and reached 25,922,777 thousand euros, compared to 26,326,808 thousand euros in January 2023, according to the Greek Statistical Authority (ELSTAT). The largest reduction in turnover has been shown by companies in the field of Electricity, Natural Gas, Steam and Air Conditioning (47%), while companies in the field…
Titan: Profit Record with strong sales growth – Positive prospects for 2024
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in UndertakingsProfit record with a strong increase was noted by the group , while positive prospects were deleted for 2024, according to the financial results of 2023 published today (13.03.24). According to the Titan group’s score report for 2023, this was the third consecutive record sales year of 2,547m euros, increased by 11.6%. The US and…
OTE promotes increasing fiber optic connections – proposal to reduce wholesale prices up to 28%
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in UndertakingsTo increase connections to the house (FTTH) appears to contribute by having even submitted the relevant proposal for approval to the National Telecommunications & Post Committee. According to the relevant OTE Communication, the relevant proposal for fibre connections provides for a system of reciprocal discounts that can reach 28% between wholesale price providers, with binding…
17.3% increased car sales in February 2024
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in Undertakings17.3% noted their sales in the country in February 2024, as 20,206 cars (new or second-hand abroad) were first released against 17,233 released in the respective month of 2023 (a 7% reduction had occurred in February 2023 compared to the corresponding month of 2022), according to ELSTAT. The new cars amount to 12,378 versus 10,824…
‘Window’ of price increases in Easter chocolates due to ejecting cocoa prices
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in UndertakingsSignificant increases have been observed in the finals of Greek products in recent years. In particular, species prices increased by 7.8% compared to last year. “There is indeed an increase in the price of cocoa, prices have increased a long time ago, as it is negotiated at international exchanges, so it is something that is…
Cocoa: World phenomenon of rising its price
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in UndertakingsSignificant increases have been observed in the finals of Greek products in recent years. In particular, species prices increased by 7.8% compared to last year. “There is indeed an increase in the price of cocoa, prices have increased a long time ago, as it is negotiated at international exchanges, so it is something that is…
TRADE ESTATES: Income increase by 28.3%, Net Profit by 57.1% and dividend proposal of EUR 0.08 per share
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in UndertakingsIncreased financial results announced by Trade Estates (Anonymous Real Property Investment Company) yesterday (12.3.2024) for the use of 2023 in relation to 2022. As of the year 2023 amounted to 26,7m euros, compared with 20.8m euros in the year 2022, increasing by 28.3%. This increase stems from the incorporation of rents from new investments made…
Launching transmission network charges seen by energy industries
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in UndertakingsLetter was sent to the Minister of Energy and Environment, Mr.Theodoros Skylakis, by the President of the Association of Industrial Consumers of Greece (EVIKEN), Mr. Antonios Kontoleons, on the launch of the networks facing the energy industries. As stated in the letter, “one year after the significant increase in the charges for the use of…
Olympic Brewery: Increase sales with emphasis on premium marks and new investments
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in UndertakingsAgainst the challenges of “difficult” 2023, due to inflation and unforeseen weather conditions, Olympiacos strengthens its imprint on premium and non-alcoholic products. According to what Henrik Fredvig’s Managing Director said yesterday in the context of an information event, the brewery invested and further developed the portion of the portfolio’s premium marks, which is reinforced both…
Banks: New higher targets for the three years 2024 – 2026
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in UndertakingsNew, higher goals for the three years 2024 – 2026 presented the four systemic with the 2023 announcements. For the National Bank, the new targets predict organic profitability over 1.2 billion. EUR 2026 plus: – return on equity instruments (Core Rote) above 15% in 2024 and more than 13% in 2026 from 18.3% in 2023…
The profile of investors in the South Suburbs and the role of Golden Visa
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in UndertakingsIn anticipation of government decisions on the new ceilings to be set for its acquisition in the famous areas of Attica, a great deal of fuss is being made about the rise of foreign investors in which they launch house prices. In the Southern Suburbs it is almost certain that the Golden Visa threshold will…
Italgas received promotion from its investments in Greece in 2023 – What the financial results showed
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in UndertakingsPositive performance characterized the financial results of Italgas for 2023, as the Italian group had an increase and a boost from it in Greece. In particular, total revenues reached 1.77 billion euros, increased by 15.4%. Adapted operating profits were boosted 9.3% to 1.18 billion euros, while net profits were 11.1% to 439.6 million euros. Investments…
BOAK: “The pace opens” for projects on the major highway of Crete
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in UndertakingsTime is the start of key tasks in the section Hersonissos – Neapolis of 22.5 km long, promoted through PPP by the shape , Intrakat, AKTOR concessions. Almost a year after the contract was signed, the next step is being taken to launch projects in this central “part” of BOAK from TERNA (GEK TERNA Group),…
AEGEAN: 58% higher profits in 2023
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in UndertakingsHigh potential operating sizes and profitability resulting from growth, offering 3 million more positions in 2023 and carrying 15.7 million records, according to the financial results of the year 2023. The consolidated turnover for the whole year was EUR 1.69 billion increased by 27% over 2022. In 2023 AEGEAN offered 18.9 million seats, 3 million…
AEGEAN: 58% higher tax profits in 2023
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in UndertakingsHigh potential operating sizes and profitability resulting from growth, offering 3 million more positions in 2023 and carrying 15.7 million records, according to the financial results of the year 2023. The consolidated turnover for the whole year was EUR 1.69 billion increased by 27% over 2022. In 2023 AEGEAN offered 18.9 million seats, 3 million…
National Bank: Strong results and new operational targets by 2026
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in UndertakingsStrong performance in all sectors and organic profits after tax at Group level that amounted to 1.2 billion euros in 2023, reinforced by 2.5 times a year, presented the , leading to dividend distribution this year 25% – 30% of 2023 profits. The National Bank’s equity return rate was set at 18.3%, and without being…
National Bank: Recorded significant profitability of EUR 1,2 billion in 2023
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in UndertakingsSignificant profitability, of EUR 1.2 billion, was recorded in 2023 by drawing a boost mainly from the interest-rate environment which resulted in interest nets being ejected by 65% on an annual basis. According to the announcement of the results issued by the National Bank today, the net interest revenue dynamics were maintained in the fourth…
National Bank: Significant profitability of EUR 1,2 billion recorded in 2023
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in UndertakingsSignificant profitability, of EUR 1.2 billion, was recorded in 2023 by drawing a boost mainly from the interest-rate environment which resulted in interest nets being ejected by 65% on an annual basis. According to the announcement of the results issued by the National Bank today, the net interest revenue dynamics were maintained in the fourth…
Why Lamda Development promotes two mega Malls in Greek
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in UndertakingsSignificant margins appear to have (Shopping Malls) in Greece. According to a presentation by Lamda Development, which already manages large Malls (The Mall Athens, Golden Hall, Mediterranean Cosmos, Designer Outlet Athens), it promotes two large investments in Greek (Vouliagmenis Mall, Riviera Galleria) in this sector of malls, in Greece a ratio of 56 sq.m. per…
Why Lamda Development promotes two mega Malls in Greek – Which manufacturers claim contracts 700m euros
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in UndertakingsSignificant margins appear to have (Shopping Malls) in Greece. According to a presentation by Lamda Development, which already manages large Malls (The Mall Athens, Golden Hall, Mediterranean Cosmos, Designer Outlet Athens), it promotes two large investments in Greek (Vouliagmenis Mall, Riviera Galleria) in this sector of malls, in Greece a ratio of 56 sq.m. per…
Large real estate plans in marinas cause storm reaction
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in UndertakingsWith difficulty it seems that the development of the largest in Greece is progressing today, as their grand plans cause severe reactions to the Municipalities and local bodies, which are putting obstacles, by proceeding to a barrage of appeals. The most well-known cases of exploitation of marinas are that of Kalamaria, Pylos and Rhodes. In…
‘ In the air” from today the Savings platform for energy upgrading businesses
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in UndertakingsToday, on Tuesday (12.3.2024) the platform for submitting applications with a deadline until 31 March for the pre-published programme “-Owner” aimed at saving energy in the tertiary sector (trade and services and tourism), reducing emissions of pollutants that contribute to the deterioration of the greenhouse effect and achieving a cleaner environment, while yesterday the platform…
PPC and Motor Oil will produce green hydrogen from 2027 in Western Macedonia
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in UndertakingsGreen plans to produce from 2027 PPC’s consortium with Motor Oil in the West. According to the CEO of the consortium called Hellenic Hydrogen, Dimitris Triantafyllopoulos, the project North project 1, which will produce green hydrogen, is planned to operate from 2027 on an area of steam power station in Amyndeon, Macedonia. The 130m-euro and…
IPTO: Investments of EUR 120 million by 2026 in strengthening resilience
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in UndertakingsThe acceleration of the implementation of the Renewal of Equipment announced today (1.1.2024) the , within the second cycle ending in 2026, with a total budget of EUR 120 million. The programme aims to strengthen the resilience of the electrical system that has emerged as a priority for IPTO, given the challenges of the climate…
TIPED: The competition begins for property at Agia Triada beach in Thessaloniki
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in UndertakingsThe opening of the competition for the exploitation of the “Captain and Camping Holy Trinity” announces the TAIPED. The property has a total area of 161.456.84 sq.m. and is located in the Municipality of Thermaikos of Regional Unity, Region of Central Macedonia. Special Spatial Development Plan (ESHADA) has already been prepared for the property in…
Georgakopoulos (Intrum): The main challenges for the European debt management industry
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in UndertakingsThe provision of efficient management services and the experience of /ofeletis are the main challenges for the European debt management industry, with the crucial factor in their successful response, stressed George Georgakopoulos, Global Head of Servicing of Intrum and CEO of Intrum in Greece, speaking on fireside chat held in the context of NPL Europe…
New Street: Traffic arrangements on the Highway Athens – Thessaloniki – Evzoni
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in UndertakingsTraffic arrangements will apply to the A.T.E. with a view to performing technical tasks. In particular, as of today (11.3.2024) and tomorrow (12.3.2024), the right lane of traffic will be excluded at the height of the A/C Tatoiu, 16.8 km, traffic to Lamia. At the same time, in the same traffic stream, there will be…
A.H.E. motorway: Traffic arrangements due to technical work
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in UndertakingsTraffic arrangements will apply to the A.T.E. with a view to performing technical tasks. In particular, as of today (11.3.2024) and tomorrow (12.3.2024), the right lane of traffic will be excluded at the height of the A/C Tatoiu, 16.8 km, traffic to Lamia. At the same time, in the same traffic stream, there will be…
The possible timetable for creating the new business park in Litochoro
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in UndertakingsWork on the creation of the project at Pieria could begin in October 2024, since everything is going well, with a view to the project being completed in 2025, as the CEO of ETVA VIPE SA, Athanasios Psathas, pointed out in the APE, on the occasion of the signing of a relevant memorandum of cooperation…
The 10 services sectors with the highest turnover increase in 2023
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in Undertakings16 of the 23 Service Cycle Indicators were recorded at the end of 2023 compared to 2022, according to the Greek Statistical Authority (ELSTAT). The biggest increase was the turnover of computer programming and consulting with 28.1%. Second in the series came the information services industry with a 22.3% increase, while the provision of protection…
Xerouchakis (CHS): No historical precedent for placement Piraeus
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in UndertakingsThe management and executives of the Bank welcomed today (11,32024) the Athens Stock Exchange, in the context of the successful completion of disposal through Offer, the total shares of Piraeus Financial Holdings S.A. that held the (TCS). Christos Megalos, CEO of Piraeus Financial Holdings S.A., declared the opening of the meeting by ringing the traditional…
The paradox in the Greek RES market: Investors want, but there’s no demand for their electricity
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in UndertakingsThe domestic market (RDP) is now faced with a paradox: Investment interest in new projects is higher than ever, but there is not enough demand for electricity in our country to support them. This is the finding from the placements of bodies and executives of the industry that day ago at a conference in Thessaloniki…
On what terms will the third energy storage auction be held – In summer the tender for RES projects
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in UndertakingsIn the same direction as the first two successful storage will be the third one expected to take place at the end of March with a capacity of 300 MW offered. As Ioannis Charalambides, Head of the RES & Storage Directorate of RAAY said a few days ago, the third competition will concern energy storage…
Eurobank: The effects of pandemic and inflation on retail trade are evident
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in UndertakingsPandemic and energy disruptions continue to affect the development of retail sales , according to the newest issue of Eurobank ‘s 7 Economy Days’. During the debt crisis and the period of stagnation that succeeded it, the retail volume index shrunk overall by 41.2% reflecting the large decrease in available household income. In the first…
Panhellenic Exporters Association: International instability and interest rates hit Greek exports in January
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in UndertakingsThe instability prevailing in international markets, high and turbulence from the war fronts in the Middle East and Ukraine has begun to affect the efforts to develop Greek, according to a note from the Panhellenic Exporters Association (PAC) following the announcement by ELSTAT on the trade balance. “The deterioration of international market conditions continues to…
With 2% the computer market will run in 2024
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in UndertakingsAccording to the Association of Information and Communication Enterprises of Greece (SEP), a positive mark of 2% is seen by analysts in 2024. According to IDC estimates, computer sales will reach 265.4 million units this year, as the advent of artificial intelligence and the start of a new device replacement cycle is expected to feed…
Aegean: flights coming in charter from German cities in Rhodes and Heraklion
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in UndertakingsThe largest international ITB tourism fair held 5-7 March in Berlin is under way . This report is a barometer for the prospects and trends of the global tourism industry and the first messages from its mission are particularly encouraging. The CEO of AEGEAN, Mr.Dimitris Gerogiannis, paid a brief visit to the EOT booth that…
By 10.3% industrial production increased in January 2024
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in UndertakingsAccording to the Greek Statistical Authority (ELSTAT), the Industrial Production of January 2024 increased by 10.3%, compared to the corresponding index of January 2023, compared to 0.7% during the corresponding comparison of 2023 to 2022. The seasonally corrected General Index of Industrial Production of January 2024 was increased by 3.1% compared to the corresponding index…
At pandemic levels the drop in exports – decreased by 11.2% in January
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in Undertakings“Butia” approaching the pandemic period noted Greek exports in January 2024, leading to an expansion of the trade deficit. According to the ELSTAT data, the total value of 11.2% in January 2024 was EUR 4,009.8 billion compared to EUR 4,513.7 billion in January 2023. A corresponding reduction had also been recorded in January 2021, i.e.…
At pandemic levels the drop in exports – 11.2% decrease in January
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in Undertakings“Butia” approaching the pandemic period noted Greek exports in January 2024, leading to an expansion of the trade deficit. According to the ELSTAT data, the total value of 11.2% in January 2024 was EUR 4,009.8 billion compared to EUR 4,513.7 billion in January 2023. A corresponding reduction had also been recorded in January 2021, i.e.…
Billion damage from 19 storms in Greece
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in UndertakingsBillions of euros are the financial losses to homes, businesses, agricultural – livestock and infrastructure, which caused 19 in Greece from 2015 to 2023. From the bad weather that struck the whole country on 20-23 October 2015 leaving behind 3 dead until September 2023 that we have the great destruction of the storms of the…