Why hotels' reception service is expected to be eliminated in the near future

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05.09.2022

A lavish lobby and a smiling man handing you a key is the image of the hotel industry in 2017.

The bioclimatic regeneration of the Metropolitan Park "Antonis Tritsis"

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05.09.2022

With the bioclimatic regeneration of the "smart" route, the broader aesthetic and functional upgrade of the Metropolitan Park "Antonis Tritsis", is being promoted from the Region of Attica.

PAG to Acquire Japan’s Huis Ten Bosch Theme Park

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05.09.2022

PAG, a leading investment firm focused on Asia-Pacific, announced that it has entered into an agreement with H.I.S. Co., Ltd. (“H.I.S.”) to acquire Huis Ten Bosch Co., Ltd. (“HTB”), one of Japan’s largest theme parks, for an equity valuation of approximately JPY100 Billion.

ExxonMobil-ELPE: hydrocarbon exploration survey program acelerates in the plots of Crete

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05.09.2022

A quantitatively and qualitatively upgraded seismic survey program to investigate the existence of hydrocarbons in the marine areas of Crete has been submitted by the ExxonMobil - ELPE consortium, with a commitment to complete it in two instead of three years, with the aim of having a clear picture from the surveys at the end of 2023.

IPTO: the benefit from the electrical interconnection of Greek islands to the mainland's grid is estimated at c.€8,5B

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05.09.2022

The electrical interconnection of Greek islands to the mainland's network, is expected to result in savings benefit ranging from €5.8 to €8.5 billion in over 25-years period (depending on the scenario for energy demand and the degree of penetration of renewable sources) According to IPTO, as soon as the project that is scheduled to be delivered by the end of the decade consumers will begin realising benefits.

Sarantis Group withdraws permanently from the Russian market

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05.09.2022

Sarantis Group informed the investment community of its decision to permanently withdraw from the Russian market in the context of the crisis between Ukraine and Russia.

Papoutsanis takes over Arkadi Soap Factory

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01.09.2022

Papoutsanis, a leading Greek company in the personal care market, announced the acquisition of 100% of "Arkadi" Soap Factory.

Turnover Index in Retail Trade up by 12.1% in June 2022

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01.09.2022

The Hellenic Statistical Authority (ELSTAT) announced a jumo in retail trade turnover.

Quest invests €1,72M in photovoltaic power plant based in Greece

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01.09.2022

"Quest Holdings SA." informed that through its 100% indirect subsidiary company "XYLADES ENERGY SA" completed on August 31st , 2022 the acquisition.

Ryanair unveils plans to close its Athens base during winter season

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01.09.2022

Low-cost carrier Ryanair has announced plans to stop serving Greece’s largest and busiest airport for the winter season.

Abrdn sells its stake in Βournemouth based retail park

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01.09.2022

Delancey and Columbia Threadneedle Investments have acquired a 50% stake in Castlepoint Shopping Park from Abrdn, taking full ownership of the property.

"Costa Nopia" project' Strategic Environmental Impact Study wins approval from regional authorities

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01.09.2022

Cretan Sun and Sea Developments SA Strategic Environmental Impact Study (SEIS) refering to the ESHASE of the project "Costa Nopia" receives approval from the regional authorities of Crete.

Lamda's subsidiary ELLINIKON SA receives TÜV Hellas certification

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31.08.2022

ELLINIKON S.A., a subsidiary of Lamda Development, the company implementing Europe's largest urban redevelopment, in the area of the former International Airport, was certified by TÜV HELLAS (TÜV NORD).

Reggeborgh increased its stake in Alpha Bank

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31.08.2022

Alpha Bank announced the increase of the Dutch in Reggeborgh in its share capital to a percentage of more than 5%.

Contradictory signals observed in the Greek hotel industry

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30.08.2022

During H1 2022 the total number of hotel room nights declined 17.4%, while revenue in 2022 outperformed 2019 levels as from May. YTD June 2022 revenue increased 3.5% compared to same period in 2019.