Piraeus Bank becomes the first Greek systemic bank to freeze mortgage linked interest rates

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11.04.2023

Piraeus Bank, responding to the issue of the heavy burden on family income due to the rise in international interest rates and the broader inflationary pressures, is proceeding with the implementation of a new program to reward borrowers with current mortgages of variable interest rates, regardless duration and currency.

Construction entrepreneur Georgios Bombolas took his terminal breath aged 95

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11.04.2023

The engineer, entrepreneur and publisher Georgios Bombolas passed away at the age of 95.

Total weight of goods carried by road freight vehicles up 6.9% in 3Q2022

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07.04.2023

The Hellenic Statistical Authority announced the results of the road freight transport survey for the third quarter of 2022.

Fitch Ratings upgrades Mytilineos' IDR to BB+

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07.04.2023

Fitch Ratings has upgraded Mytilineos S.A.'s (MYTIL) Long-Term Issuer Default Rating (IDR) to 'BB+' from 'BB'. The Outlook is Stable.

Lamda's Experience Park in Ellinikon is adding on its sustainable standards

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07.04.2023

Firmly committed to the principles of sustainability that are at the heart of its strategy for the development of the new "green" city of Hellinikon, LAMDA Development is implementing one of the largest transplants ever made in Greece.

The biggest hurdles spotted in short-term rentals

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07.04.2023

Airbnb is the first and largest short-term rental platform.

Premia Properties announced doubled profitability from operations

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07.04.2023

PREMIA Properties ("PREMIA" or the "Company") announced its financial results for the year 2022. o Addition of twenty-three (23) properties, optimizing the structure and diversification of the Group's investment portfolio.

Greek hotels turnover has marginally jumped above 2019 levels in 2022

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07.04.2023

Greek hotels turnover has marginally jumped above 2019 levels according to the annual survey for the hotel industry in 2022, carried out by ITEP on behalf of the Hellenic Chamber of Hotels.

Eldorado Gold Closes €680M Project Financing Facility for the Development of Skouries

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06.04.2023

Eldorado Gold Corporation (“Eldorado” or the “Company”) and its wholly-owned subsidiary, Hellas Gold Single Member S.A. (“Hellas”), announced that Hellas has satisfied all necessary precedent conditions and has closed its previously announced €680 million project financing facility (the “Facility”) for the development of the Skouries Project in Northern Greece (“Skouries” or the “Project”).

Seaplane flights on test mode soon

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06.04.2023

The Minister of Development and Investments Adonis Georgiadis announced the start of the first seaplane test routes in our country in the coming weeks.

Marianna Latsi and Apostolos Apostolakis acquire stake in Douleutaras

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06.04.2023

The amount of €5,000,000 through a share capital increase, the largest since the day of its foundation, was secured by the Greek home services startup Douleutaras in its new round of financing, with the main investors being the LATSCO Family Office of interests of Marianna Latsis and Apostolos Apostolakis , founder and partner of the investment organization VentureFriends.

Ellaktor reports increased real estate development segment's in 2022

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06.04.2023

Group’s total Assets at €2.5bn as of 31.12.2022 while 31.12.2021 stood at €2.8bn.

Floating interest rates linked to mortgages freeze

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06.04.2023

Greek systemic banks have reportedly reached an agreement to freeze floating interest rates linked to mortgages at the close as of March, 30. The agreement has been sealed following a meeting of banks' delegates with the Minister of Finance Christos Staikouras.

Residential real estate platform Protio expands in Thessaloniki

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06.04.2023

The real estate platform Protio is expanding its activity in Thessaloniki after a successful six months in Athens.

How will be financed the €50M investment plan in ETVA Industrial Parks

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06.04.2023

An investment plan of €50 million is "running" for the two years 2024 - 2025 by ETVA VIPE emphasizing innovation and the sustainable development of industrial parks.