Material Costs Index in the construction sector soars in January

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28.02.2022

The Overall Material Costs Index in the Construction (CSTM) of New Residential Buildings with base year 2015=100.0 in January 2022 recorded an increase of 7.3% in comparison with January 2021.

MYTILINEOS is expanding its solar activities in South Korea

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28.02.2022

MYTILINEOS S.A. reaffirming its strategy in expanding its solar activity in markets around the world, is announcing the completion of the construction of a 1.55MW Solar PV project in Yangpyung-gun in South Korea, by its Renewables and Storage Development (RSD) Business Unit.

The world's biggest investment fund exits Russia

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28.02.2022

Norway is starting a process to remove Russian assets from its $1.3 trillion sovereign wealth fund, in a rare case of politics steering investments for the country’s savings.

Trastor holds a portfolio of 59 assets with a total fair value of €324,9

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28.02.2022

The Group’s portfolio (Trastor and subsidiaries) comprised of 59 assets with a total fair value of € 324.9million.

Greek hoteliers keep a close eye on the war in Ukraine

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28.02.2022

Greek hoteliers are keeping a "wait an see" attitude following the recent developments in Ukraine. At the moment, there are no cancellations of tourist packages for Greece, but the current situation could potentially become a problem.

Cypriot fintech firm raises €1M to develop unified real estate data platform

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28.02.2022

Cypriot fintech that provides insightful property data across Europe, WiRE has raised approximately €1 million from institutional and private investors.

New program of state support available to defaulted households

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28.02.2022

The Ministry of Finance announced a new program of state support for the first home loans of vulnerable households.

Companies are shifting their strategies while logistics spaces become scarce

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28.02.2022

Strategies are changing, with companies faced with blockages in their supply chains during the pandemic, and in the subsequent distribution of their products due to shipping congestion caused by the restart of economies.

Dimand inks extended redevelopment project in Lamia, Central Greece

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28.02.2022

In the coming weeks, the Sustainability Study for the renovation of the Panhellenic Exhibition of Lamia is expected to be delivered by the real estate development company Dimand.

Paul McCartney disposes off his Upper East Side property

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25.02.2022

Ex-Beatle Paul McCartney has just sold his Upper East Side co-op at 1045 Fifth Avenue for $8.5 million, The Real Deal reports. Sir Paul and his wife, Nancy Shevell, purchased the four-bedroom co-op in 2015 for $15.5 million.

TRAINOSE opens the online platform to facilitate passengers reparations

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25.02.2022

TRAINOSE informed with an announcement, passengers who were trapped on the trains 54, 55, 56, 57 and 885 on January 24, 2022, that from today an electronic application platform for the receipt of the extraordinary financial support has been activated.

HELLENIC PETROLEUM reports €341M net income in 2021

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25.02.2022

HELLENIC PETROLEUM Holdings S.A. announced its fourth quarter consolidated financial results for 2021, with Adjusted EBITDA coming in at €138m in 4Q, +80% vs last year, while FY21 Adjusted EBITDA amounted to €401m (+21%) and Adjusted Net Income to €144m.

6 add ons in myDATA's Timologio application

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25.02.2022

AADE launches an improved version of "Timologio" applivations in myDATA

Mytilineos, Rover Maritime and HDK joint venture to redevelop the 6th Pier of the Port of Thessaloniki

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25.02.2022

ThPA S.A. announced that the joint venture “MYTILINEOS SA – ROVER MARITIME SL – HDK SA” has been awarded the project “Expansion of the Marine Works Infrastructure of Pier 6” with a budget of 150 million euro, at the current stage of the tender.

Russian invasion in Ukraine results in soaring natural gas prices

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25.02.2022

Electricity prices increased sharply following the Russian invasion in Ukraine resulting in a subsequent rise in gas prices.