A new law significantly amends the conditions for granting a Golden Visa. The Ministry of National Economy and Finance proposed the law to incorporate the Directive (EU) 2022/2523 of the Council, which aims to ensure a global minimum level of taxation for multinational business groups and large-scale domestic groups in the European Union (Pillar II), along with other customs and tax provisions.
Leading Cyprus group Thanos Hotels and Resorts announced on Wednesday it is entering the Greek luxury hospitality market with a three-year investment plan aimed at opening 10 new hotels.
MYTILINEOS Energy & Metals (RIC: MYTr.AT, Bloomberg: MYTIL.GA, ADR: MYTHY US) (MYTILINEOS) in Consortium with Siemens Energy Global GmbH & Co. KG and Siemens Energy sp. z o.o. (SIEMENS ENERGY), has undertaken the construction of a 560 MW CCGT power unit with associated infrastructure at the Adamów Power Plant in the area of Turek in Poland.
Gucci owner Kering buys Milan building for €1.3bn in Europe’s biggest property deal since 2022.
Berkshire Hathaway HomeServices at its global exhibition "2024 Real Estate" unveiled the new trends and needs arising in a changing real estate market, while offering real estate advice.
High inflation and consequential rises in interest rates had major impacts on investment markets throughout 2023, including slowed hotel transaction activity in Europe. Reaching €10.7 billion overall , total volume was 19% lower than in 2022, which represented the second lowest level of investment in the last decade. There were 6% fewer transactions than in 2022, indicating that the average price per room was also down in 2023.
Turkey's inflation rose for a fifth consecutive month, approaching 70% despite a series of aggressive interest rate hikes.
The Group posted in 2023 a strong operating performance with the Group’s EBITDA increasing by 170% from €7.1mn in 2022 to €19.2mn in 2023
The Council of State (StE) rejected the appeal filed by the Vinci - Mytilineos consortium for the Attica Road concession tender.
For the twelfth year, HELLENiQ ENERGY rewards, within the framework of the "Proud of Youth" corporate responsibility program, up to thirty excellent final students and University graduates who wish to continue their studies in prestigious Greek and international university institutions, with the acquisition of a master's degree.
BriQ Properties declares €3.7 million dividend distribution for the year 2023, as announced by the management of REIC during the video conference of market analysts.
Lamda Development announced the sale of a landplot for €15.2 million in cash.
MYTILINEOS Energy & Metals (RIC: MYTr.AT, Bloomberg: MYTIL.GA, ADR: MYTHY US) (MYTILINEOS) and KARATZIS SA signed a 210MW long-term Power Purchase Agreement (PPA) for the green energy produced from a 262 MW solar portfolio.
"The renaissance of the construction industry is inextricably linked to the prosperity of our country."
UK house prices fell for the first time in three months, suggesting the market may be stagnating due to high mortgage rates and strained affordability.