Projects with €10M total budget have been tendered by the Albanian Electricity Company

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27.09.2023

The Albanian Power Corporation recently completed tenders for the supply of energy in the amount of €10 million.

The Bank of Chania launches a REIC this October

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27.09.2023

The Bank of Chania launches a Real Estate Investment Company (REIC) along with its subsidiary "Kritika Akinita SA" in October, for which it recently received approval from the Capital Market Commission and the Bank of Greece together with the bank.

Greek retail turnover in July up 12.3%

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26.09.2023

The activity of retailers increased in July according to the Hellenic Statistical Authority (ELSTAT).

25% of Athens based commercial properties are lacking tenant

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26.09.2023

Almost one out of four retail stores in the center of Athens remain closed (increased to 22.9% of the total compared to last year which was 22.4%) while they are gradually being converted into tourist accommodations at the expense of the two other dominant uses of retail trade and catering.

Goldman Sachs International ups stake in PPC to 5.36% of voting rights

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26.09.2023

The company announced the increase of Goldman Sachs share capital in PPC.

The 35-storey property Turkevi in the heart of Manhattan

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22.09.2023

In the 35-storey Turkevi building, the seat of Turkey's permanent mission to the UN and the country's consulate general in New York, Turkish President Recep Tayyip Erdogan welcomed the Greek Prime Minister Kyriakos Mitsotakis.

Changes from scratch in the Casinos industry in Greece

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22.09.2023

Changes from scratch in the Casino industry have been forwarded throught the proposals for two locks that were approved by the members of the Board of Directors of the Gaming Supervision and Control Committee (EEEP).

2022 has been a record year for the Greek RE market

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22.09.2023

Real estate values have changed significantly around the world in the last 20 years. The global real estate market has seen highs and lows between 2000 and 2022, with some nations experiencing sharp increases in property values while others have seen declines or stagnation, according to KPMG's "The future of Real Estate".

Turnover of enterprises in Accommodation Activities recorded a 6.3% increase

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22.09.2023

For the enterprises in Accommodation Activities (division 55 of NACE Rev.2 classification), obliged to double-entry bookkeeping, for which data are available on a monthly basis, the turnover in July 2023 amounted to 1,646,266,807 euro, recording an increase of 6.3% in comparison with July 2022, when the respective turnover was 1,548,534,586 euro.

Piraeus Financial Holdings declares a €15M Share Buyback Program

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22.09.2023

Piraeus Financial Holdings S.A., further to (a) the decision of the Annual General Meeting of its Shareholders dated 27.06.2023, pursuant to which, the establishment of a share buyback program in accordance with article 49 of Law 4548/2018 (the "Program" and the "Own Shares" respectively) was approved, (b) the relevant ECB authorization for the Program and (c) the relevant decision of its Board of Directors dated 21.09.2023, announces the commencement of the Program.

Epsilon Net finalises deal with Space Hellas

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22.09.2023

EPSILON NET Group announced the completion of the agreement with SPACE HELLAS Group under which the shares of SINGULARLOGIC S.A. and Epsilon SingularLogic S.A., respectively held by the two Groups as minority stake, were transferred.

US home sales stick near recent lows in August

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21.09.2023

Sales of previously owned homes fell 0.7% in August from July to a seasonally adjusted, annualized rate of 4.04 million units, according to the National Association of Realtors. Sales were down 15.3% from August of last year.

UBS: Global cities property prices and valuations have fallen and further corrections are imminent

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21.09.2023

Low financing costs have been the lifeblood of global housing markets over the past decade, driving home prices to dizzying heights. However, the abrupt end of the low interest rate environment has shaken the house of cards.

Mytilineos PV park in Australia fully operational

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21.09.2023

The photovoltaic park of Mytileneos in New South Wales, Australia with a total capacity of 75MW is in operation.

Cenergy's sales in the first half of 2023 at €798M

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21.09.2023

Cenergy Holdings S.A. announced its financial results for the first half year of 2023 together with the issuance of an Interim Report for the same period. Growth across all segments, a strong full year financial outlook. Expansion strategy was recorded on track to serve growing demand from energy transition.