Aro Palace SA announced on February 15 that it signed a letter of intent with an affiliate of Hyatt Hotels Corporation for the potential inclusion of Aro Palace Hotel into the international portfolio of Hyatt-branded hotels.
In January 2024, the central government cash balance recorded a deficit of €239 million, compared to a surplus of €1,077 million in the same month of 2023.
The HICP in January 2024 compared with January 2023 increased by 3.2%. In January 2023, the annual rate of change of the HICP was 7.3%.
New research by Nareit estimates that 168 million Americans, or roughly 50% of American households, were invested in REIT stocks in 2023.
The Ministry of Finance has released provisional execution data for the state budget in January, revealing a primary surplus of €2.122 billion. This is higher than the target of €1.118 billion and also exceeds the primary surplus of €2.773 billion recorded during the same period in 2023.
The European Commission's Winter Interim Forecast revised growth in both the EU and the euro area down to 0.5% in 2023, from 0.6% projected in the Autumn Forecast, and to 0.9% (from 1.3%) in the EU and 0.8% (from 1.2%) in the euro area in 2024. In 2025, economic activity is still expected to expand by 1.7% in the EU and 1.5% in the euro area.
Turkey's hotel industry is expanding with the entrance of new players, according to a recent report by the Hoteliers Association of Turkey (TÜROB).
The Hotel Chamber of Greece unveiled the new communication identity of the "Boutique Hotel" brand with a main message of "Love to host you". This marks the beginning of the program's dynamic extroversion.
The Aegean Motorway company aims to achieve energy neutrality by the end of this year, rather than 2050, by laying the groundwork for the remaining energy consumed to come from "green sources".
The exhibition industry made a significant contribution to the Greek economy in 2022, after a year of recovery from the coronavirus pandemic. This contribution included revenues of almost €500 million from visitors, exhibitors and additional expenses related to exhibitions, as well as creating more than 4,000 jobs. Overall, the industry's direct contribution amounted to €246 million towards Greece's GDP.
According to ELSTAT, overall Import Price Index (MPI) in Industry with base year 2015=100.0 in December 2023 recorded a decrease of 8.7% compared with December 2022. The corresponding index in December 2022 had recorded an increase of 11.0% compared with December 2021.
Lamda Development proceeded with the purchase of 20,000 own shares, with a total value of c.140,000 euros.
TotalEnergies and Air Liquide announce their decision to create an equally owned joint venture to develop a network of hydrogen stations, geared towards heavy duty vehicles on major European road corridors.
The transfer of the Omega loan portfolio has been completed and moved from the special purpose company "Artemis Securitization S.A." to Attica Bank.
TÜV HELLAS (TÜV NORD) will present the latest updates related to the Building Information Modeling (BIM) tool and the role of architects in the digital transition at an event organized by the Association of Hellenic Companies - Research Firms (SEGM).