Corinth Pipeworks seals another deal in the Norwegian North Sea

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07.04.2022

Subsea 7 has awarded to Corinth Pipeworks, steel pipe segment of Cenergy Holdings, a contract to provide High Frequency Welding (HFW) steel pipes for the tieback of OKEA Hasselmus gas discovery to the Draugen production platform in the Norwegian North Sea via one subsea well.

Quest Group reports improved results in 2021

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07.04.2022

During 2021 Quest Group recorded Sales €947,9million, EBITDA €75,6m and EBT €136,1million. Excluding Cardlink’s numbers which was sold on the 30/9/2021, consolidated sales from continued operations were €915,9million, EBITDA €64million and EBT €51,3million.

Asking rents for residential properties in Athens keep an upward trend relative to regional cities

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05.04.2022

Ralling real estate property prices on a disproportionate level amongst Athens, Thessaloniki and Patras tenants. According to a Panhellenic Network of Brokers E-Real Estates survey, the potential buyer in Athens will be asked to pay an average of 66.10% higher rent compared to prospective tenant in Thessaloniki and + 82.50% compared to the prospective tenant in Patras.

Alpha Astika Akinita reports reduced sales in 2021

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05.04.2022

In 2021, the consolidated turnover amounted to €13,3 million compared to €15,2 million in 2020.

Epsilon Net acquires an autonomous building complex in Thessaloniki

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05.04.2022

Epsilon Net Group announced the purchase of an autonomous building complex in the area of Eastern Thessaloniki and specifically on 92 Agricultural School Avenue and at a distance of 3.5 km. from Thessaloniki International Airport.

FDI in Greece has been consistently directed into real estate during the last four years

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05.04.2022

Foreign Direct Investment in Greece in 2021 has been particularly directed into the real estate sector (real estate management and private real estate sales) according to Eurobank's recent analysis bulletin "7 Days Economy".

Airbnb suspends operations in Russia and Belarus

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05.04.2022

Home rental company Airbnb Inc said it had suspended operations in Russia and Belarus.

More investors are now interested in the insolvent Romanian sunoil producer Mandra from Barlad assets

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04.04.2022

The fate of insolvent Romanian sunoil producer Mandra from Barlad (eastern part of Romania), under insolvency since February 2019, seems to have changed after the war in Ukraine brought the food processing market and the edible oil producers into the spotlight.

Infrastructure works of €23,07M total budget to be developed in Naxos national airport

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04.04.2022

By decision of the Deputy Minister of Development and Investment Mr. Ioannis Tsakiris was signed by the Special Secretariat for Program Management ERDF & TA on 30-03-2022, the inclusion of the act "Expansion and improvement of the maneuvering field of Naxos State Airport" -with a total budget of € 23.07 million- in the Operational Program "Transport Infrastructure, Environment and Sustainable Development 2014-2020" with the beneficiary the Airport Infrastructure Department (D.Y.A.).

Greek hydrocarbons's utilization is being accelerated

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04.04.2022

The first hydrocarbon drilling is expected to begin as soon as possible in the Ionian Sea areas and those of Crete, which have been granted exploration rights.

Hines and Blue Noble expand student housing platform with c.600 additional beds

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04.04.2022

With an investment of over €80 million, the student accommodation project aims to meet demand from the nearby Politecnico di Milano university campus.

Agapi Beach Resort was sold to ENFAE

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04.04.2022

The sale of the Agapi Beach Resort hotel located in Ammoudara, Heraklion, Crete, from where the construction of the Sbokou Hotel chain began, shall be a family affair.

TRASTOR reports significant increase in Group’s net profit for 2021

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04.04.2022

Trastor REIC announced a significant increase in Group’s net profit for 2021 to €23.0mn, compared to €3.1million in 2020.

BNP Paribas AM acquires stake in Dynamic Credit Group

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04.04.2022

BNP Paribas Asset Management announced that it has completed the acquisition of a majority stake in Dutch asset manager and specialist lender Dynamic Credit Group.

Eurozone inflation rate is estimated to soar in March

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04.04.2022

Euro area annual inflation is expected to be 7.5% in March 2022, up from 5.9% in February according to a flash estimate from Eurostat, the statistical office of the European Union.