The signal given to the economy and especially to businesses and households by the announcement of the European Central Bank (ECB) for a new reduction in interest rates is positive.

Public Power Corporation S.A. announced that it intends to issue and offer (the “Offering”) €500.0 million aggregate principal amount of unsecured senior notes due 2031 (the “Notes”), subject to market conditions and demand.

Within the next two weeks, the preliminary studies for the "Pyrgos - Kalo Nero - Tsakona" road axis project will be submitted by the concessionaire, while three different scenarios for the excavation, in the area of ​​Kaifa Lake, where there are significant environmental restrictions, are being considered.

China’s central bank stands ready to further cut the amount of cash that commercial banks must hold as reserve for the remainder of the year as it dials up policy changes and implementation to boost the economy after third quarter growth slowed further.

The European Bank for Reconstruction and Development (EBRD), alongside MidEuropa and other investors, is supporting, with an equity investment of €24 million, the acquisition in Greece of Famar, a leading pharmaceutical contract development and manufacturing organisation (CDMO).

There is a significant increase of 5.6% in house rental prices across the board in 2024 relative to 2023, that reflects the wider recent trend observed in the Greek property market.

Construction industry has enjoed significant benefits from the use of artificial intelligence.

A small increase of 3% was recorded in retail trade turnover in August this year raching at €3.72 billion from €3.61 billion in the same month a year ago.

According to the new Eurobank Equities report, Plastics Thrace Group target price was set at €7.7 per share, indicating a significant upside prospect compared to current levels.

The tourist investment launched in the area of ​​Vlachaika Hermionida by "Hydra Rock Akinita Monoprosopi A.E." was put into consultation until October 27, with the request to be comprised in the Greek strategic investments portfolio. It is noted that the firm represents Vardinoyiannis family interests.

Intrum, Europe's biggest debt collector, said on Friday it will file for voluntary Chapter 11 bankruptcy protection in the United States as it seeks to restructure its own finances.

Coworking Spaces industry seems to attract investors interest in Greece as well. The market worldwide is estimated at $37 billion by 2028.

Prime Minister Kyriakos Mitsotakis speaking at the conference "Reimagine Tourism in Greece" organized by the newspaper "I Kathimerini", addressed two "hot" issues that have been a hurdle to construction industry mainly because have been affecting building terms and conditions for a significant number of plots inside and outside the urbanplan.»

Hospitality group Accor is set to expand its presence in Japan with the signing of its flagship premium Pullman brand to Tokyo’s Ginza district.