Greek CPI jumps 3,4% in October
According to the Hellenic Statistical Authority, the Consumer Price Index in October 2021 compared with October 2020, increased by 3.4%.
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Greek GDP is forecast to rebound by 7.1% in 2021
Economic indicators suggest that growth continued unabated in the summer, also underpinned by a revival of intra-EU travel that benefited in particular EU touristic regions.
Inter-municipal cooperation of Paleo Faliro and Elliniko-Argyroupolis on urban planning
Mayors of P. Faliro Giannis Fostiropoulos and of Elliniko - Argyroupolis Giannis Konstantatos inked an agreement of inter-municipal cooperation for the support of the Urban planning Service Offices.
Alpha Bank inks binding agreement with NEXI for its MA business in Greece
Alpha Services and Holdings S.A. announced that its 100% Subsidiary Alpha Bank S.A. has entered into a binding agreement for the establishment of a strategic partnership in respect of its merchant acq ...
Titan reports a 5% jump in group revenue
Operating profitability (EBITDA) penalised, down by 4.3% to €219.6m in the period due to Q3 global spike in input costs; however, now on reducing trend
Lamda’s infrastructure investments in Ellinikon are expected to reach c.€500M
The budget of the redevelopment project has been prepared taking into account the increased building material prices a global phenomenon that has been recently challenging the construction sector.
Clarifications on Trastor’s share capital increase
Following the share capital increase 73,291 new common registered shares of the Company of nominal value €0.50 each were issued that will be distributed to the Company’s Chief Executive Officer.
GE spins off operations to turn into an aviation-focused firm
GE announced what its Chairman and CEO Larry Culp called a “defining moment,” with plans to form three industry-leading, global public companies focused on the growth sectors of aviation, healthcare a ...
PATRIZIA expands logistics investments with larger footprint in Spain
The investment was made on behalf of a PATRIZIA logistics flagship fund for its institutional clients and further strengthens the already significant logistics portfolio of the firm.
Hilton Athens suspends operations by the beginning of 2022
The Hilton Athens suspends operation of most of its facilities in early 2022, as a major renovation program for the iconic hotel begins and is to change its business model.
FED issues a warning for the US real estate sector
In its biannual report on financial stability, the Fed pointed specifically to the crisis at Evergrande, China's most indebted developer.
Piraeus Bank inks definitive agreements to dispose the Sunrise II portfolio
The Sunrise II portfolio comprises c.47k retail and corporate loans with a gross book value of €2.7bn, as at 31 December 2020.
Intrakat wins tender for Athens Railway Station redevelopment
The company's offer was followed by the offers of TERNA SA. - MYTILINEOS SA (6.00%) and AVAX (5.07%).
The Ellinikon project, scheduling a total redevelopment
"The Ellinikon has been initiated and by 2025 a large part of this project is estimated to be completed, so that all citizens will be able to experience and feel proud of this investment," Lamda Devel ...
Sirius Real Estate Limited has agreed to acquire Helix Investments Limited
The Acquisition consideration will be funded by a combination of new and existing debt together with the proceeds of a proposed fundraise, which is expected, in aggregate, to raise gross proceeds of c ...