Votanikos double redevelopment project again in turbalence

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18.05.2022

The so called "Double Regeneration" of the Votanikos and Alexandras Avenue is currently ahead of another hurdle following the decision of 59 members of the Amateur Panathinaikos that denied the ratification of the decision of the General Assembly of FC which took place on March 30 and had approved the three contracts of the project and the "transfer" of the club to the new football stadium and the new facilities of the Group.

The seasonally adjusted Greek unemployment rate in March 2022 reached 12.2%

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18.05.2022

The Hellenic Statistical Authority (ELSTAT) announced the seasonally adjusted estimates of employment and unemployment for March 2022.

Arts, Entertainment and Recreation enterprises recorded the biggest increase in turnover in the first quarter 2022

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17.05.2022

According to ELSTAT enterprises' turnover in the first quarter 2022 amounted to 88,283,509 thousand euro, recording an increase of 33.5% in comparison with the first quarter 2021.

Hilton launches new hotel in San Sebastian, Spain

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17.05.2022

Hilton has confirmed plans to open its first hotel in San Sebastián, Spain, following a franchise agreement with Sociedad Anónima Deportes y Espectáculos, S.A. -a wholly owned subsidiary of Grupo SADE.

Plenty funds available for real estate investments in Greece, Ten Brinke executive noted during the 15th REDBF

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17.05.2022

Mr. Fotis Gioftsios, President & CEO of Ten Brinke Hellas, has signaled optimistic developments for investments in the Greek real estate industry, speaking in the 15th RED Business Forum. Mr. Gioftsios noted that in the short run there will be available investment funds in the market not only from banks but also by private investors.

Redevelopment works in Vasilissis Olgas Avenue

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17.05.2022

Vasilissis Olgas Avenue redevelopment study has been approved by a majority by the Municipal Council of Athens.

Prodea REIC declares a dividend distribution of €0.279 ps

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17.05.2022

Prodea Real Estate Investment Company Societe Anonyme announced that its Board of Directors during its meeting of 16.05.2022 decided to propose to the Annual General Meeting of the Company’s Shareholders which will convene on 07.06.2022 the distribution of dividend €0.279 per share (net) for the fiscal year 2021.

EBRD acquires stake in GlobalCorp

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17.05.2022

A consortium of investors made up of Amethis, the European Bank for Reconstruction and Development (EBRD) and SPE AIF I, LP (SPE Capital) has acquired a majority stake in GlobalCorp for Financial Services S.A.E. (GlobalCorp), a leading non-banking financial services company in Egypt.

Greek real estate property prices evolve highly deviating from the gross disposable income

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16.05.2022

Economic activity in Greece significantly recovered in 2021, as real GDP grew by 8.3%, marking one of the best performances in the euro area, according to the Bank of Greece' Financial Stability Review: May 2022.

Intrakat is in talks with international investors on its energy portfolio

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16.05.2022

Clarifications on the future of the energy sector have been announced by Intrakat.

Middle classes are most aware of rising prices and economic uncertainty

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16.05.2022

Since the start of the COVID-19 pandemic, business leaders have been looking forward to a time when consumer behavior would return to some kind of normality. Just when it looked like we might be reaching that moment, the world has been plunged into yet more crisis.

The first Selina hotel in Paros

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16.05.2022

Gnosis Investments and Selina announced the opening of the first Selina Hotel in Paros.

Alstom to supply 130 Coradia Stream trains to SFBW in Germany

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16.05.2022

Alstom, global leader in smart and sustainable mobility, has signed a contract to supply 130 Coradia Stream High Capacity (HC) electric double-deck trains to Landesanstalt Schienenfahrzeuge Baden-Württemberg (SFBW) for the Baden-Württemberg network, in Germany.

Super lux villas in Bel Air lacks investment demand

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16.05.2022

An over-the-top modern mansion in Bel Air was listed for $87.8 million for an auction this week. But the highest bid came in just under $45.8 million, according to the home’s seller, dermatologist-turned-developer Alex Khadavi.

TRAINOSE launches the new ETR 470 to service the Athens-Thessaloniki route

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16.05.2022

The new upgraded train carriages ETR 470 was launched to service the Thessaloniki - Athens route which will now have a total travel duration of 3 hours and 55 minutes.