Greek Ministry of Tourism is working on the new regulatory framework to control the short term rentals market

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15.11.2022

The Greek Ministry of Tourism is working on the new regulatory framework to control the short term lease market such as Airbnb.

German State takes over SEFE GmbH replacing Gazprom

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15.11.2022

The European Commission has approved a €225.6 million German aid measure to support SEFE Securing Energy for Europe GmbH (‘SEFE GmbH'), previously Gazprom Germania GmbH, currently placed under the trusteeship of Germany.

Piraeus Bank launches the Digital Customer Onboarding for Individuals service

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15.11.2022

With Piraeus Bank's new service, Digital Customer Onboarding for Individuals, the customer can easily and quickly start their banking relationship from their mobile phone.

HPPC tenders a lease for Paleokastritsa Tourist Pavilion

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14.11.2022

HPPC SA announced an open tender (e-auction) for the lease of the Paleokastritsa Tourist Pavilion property in Corfu.

Intrakat inks deal with the Greek Ministry of Infrastructure and Transport

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14.11.2022

Intrakat signed a 60.7 million euros plus VAT contract worth with the Ministry of Infrastructure and Transport for the undertaking of the "Rafina Stream Boundary Arrangement" project, which will protect Rafina and the adjacent areas from the risk of future flash floods.

BriQ Properties declares 34% jump in rental income in the first 9 months of 2022

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14.11.2022

BriQ Properties R.E.I.C. announced that according to the consolidated financial statements for the nine-month period ended 30.09.2022, the rental income of the Group amounted to € 5,9 million compared to € 4,4 million for the respective last year period, recording an increase of 34%, due to the integration of revenues from the investments in logistics and due to the decrease in the revenues of 2021 from the mandatory measures against Covid-19.

Large redevelopment project in the surrounding area of Nea Elvetia terminal station in Thessaloniki

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14.11.2022

The surrounding area of Nea Elvetia terminal station is being redeveloped following a contract been recently signed by the Mayor of Thessaloniki, Konstantinos Zervas, the Vice-Regional Governor for Infrastructure and Networks Paris Billias and the Managing Director of Transport Authority of Thessaloniki S.A. Yiannis Toskas.

Eurobank reports €1.1B net income in the first nine months of 2022

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14.11.2022

Eurobank reported a robust operating performance in 9M2022 with the adjusted profit after tax increasing to €932m, from €298m the respective period of 2021. The EPS stood at €0.30, from €0.06 in 9M2021 and the return on tangible book value3 increased to 22.0%, from 7.8% a year ago.

The new business plan for the port of Alexandroupolis

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14.11.2022

HRADF' decision to cancel the tender for the sale of a majority stake (at least 67%) for the port of Alexandroupoli has generated quite an inconvenience in the market last week.

Mortgage disbursements seem to be losing steam

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14.11.2022

For 2022, the Greek economy, based on the latest Bank of Greece projections, is estimated to grow at 6.2%, much higher than initially forecast. Combined with high inflation, nominal GDP growth is expected to stand well above the implicit interest rate on government debt, thereby helping to significantly reduce the government debt-to-GDP ratio.

Piraeus Bank reports €386M normalized operating profit in 9months period

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11.11.2022

Piraeus Bank reported normalized operating profit reaching at €386million in 9M.22 vs €225million a year ago.

BoG: NPLs remains the biggest challenge in the Greek banking sector

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11.11.2022

The Executive Summary of the Financial Stability Review was posted on the Bank of Greece website. The Review is published twice a year by the Financial Stability Department.

Terna Energy comprised in the MSCI Standard Greece index

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11.11.2022

The MSCI has upgraded Terna Energy. The provider has upgraded the firm comprising its stock in the Standard Greece index

Elefsina Shipyards agreement comprises a large debt haircut and secured DFC financing

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11.11.2022

With the unanimous support of the workers at the Elefsina Shipyards (percentage 100%), as well as the most important stakeholders and organizations (Municipality of Elefsina, EBEP), the agreement for the consolidation of the Elefsina Shipyards was inked.

Be aware of probable fraudulent incidents with non certified brokers

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11.11.2022

The Athens Attica Association of Realtors invites prospective property buyers, tenants and owners to be extremely cautious for probable fraudulent incidents with non certified brokers.