Ioannis Metsovitis has been appointed as the General Manager of the New International Airport of Heraklion Crete

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02.02.2024

Ioannis Metsovitis has been appointed as the General Manager of the New International Airport of Heraklion Crete.

More than $60m have been invested in 4 real estate startups

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02.02.2024

Despite a challenging venture capital environment, contech startups have been able to demonstrate success in fundraising, even as the industry's largest companies struggle. Recently, four startups have recorded impressive funding closes just before the end of the year.

ENFIA reduction applicable for residences through the myPROPERTY platform

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02.02.2024

The digital process for reducing ENFIA for natural persons' residences, insured for natural disasters, begins on Friday, February 2.

Real estate properties as an investment asset were less attractive in 2023

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02.02.2024

Geopolitical events and high inflation rates caused commercial real estate investors to remain cautious and distant in 2023.

Eurobank and Piraeus back the financing a PPC Renewables photovoltaic project

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01.02.2024

Eurobank acted as the event coordinator, and Eurobank and Piraeus Bank served as co-organizers for the signing of the syndicated financing of Phoebe Energy Sole Proprietorship S.A. This subsidiary of PPC Renewables completed the financing as part of the National Recovery and Resilience Plan known as "Greece 2.0".

ΙΟΒΕ: Greek economic sentiment index improves mainly due to business and construction sectors

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01.02.2024

According to IOBE data, Greek economic sentiment index has improved in January 2024, with a reading of 107.2 points, up from 105.8 points in December 2023. Meanwhile, in the rest of Europe, the corresponding indicators have remained constant on average.

Mytilineos completed the acquisition of Imerys Bauxites

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01.02.2024

Mytilineos completed the acquisition of Imerys Bauxites.

Annual inflation rate in Greece dropped to 3.2% in January

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01.02.2024

According to Eurostat data, the annual inflation rate in Greece dropped to 3.2% in January.

Serge Joris appointed new CEO of Frigoglass Group

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01.02.2024

Frigoglass Group announced that Serge Maurice Charles Joris, a seasoned and visionary executive with significant global experience, joins its senior leadership team as Group CEO. Mr. Joris starts his tenure on Thursday, 1 February 2024, taking over from Manos Metaxakis, Group CFO, who in September 2023 assumed the additional responsibilities of General Manager – Interim.

The deficit in the Greek residential market estimated at 212.000 units

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01.02.2024

A new study by Piraeus Bank refers to the huge "gap" that exists in the domestic real estate market between supply and demand.

Trade Estates inks deal with Ten Brinke for the first IKEA's International DC

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31.01.2024

The Fourlis Group has made a strategic move by utilizing its subsidiary Trade Estates REIC.

The Greek Ministry of Culture acquires the former "Tsoussoglou" factory in Piraeus

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30.01.2024

The acquisition of the industrial complex in Piraeus 260 (previously known as the Tsaoussoglou Factory) from the Ministry of Culture, along with the transfer of ownership from the National Bank, has been successfully completed. The complex spans over an area of 31,687 sq.m. and features 15 buildings, most of which have been designated as monuments.

Parsons responsible to refurbish the metro in Marseille

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30.01.2024

Parsons Corporation has undertaken, through a contract with the Metropolis of Marseille and Aix-en-Provence (Aix-Marseille Métropole), the design and project management/construction of the Marseille Metro 10-year plan to improve and expand the passenger rail systemic.

2023 poised to be a record year for renewable energy in Greece

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30.01.2024

A historic high was reached in 2023 for clean electricity production in Greece, with 57% of the energy mix coming from Renewable Energy Sources (air, solar) and hydroelectric units, exceeding 25 TWh.

TERNA undertook the construction of "THE GRID" office complex

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30.01.2024

The contract for the construction of the new office complex in Maroussi was signed between TERNA S.A. (100% subsidiary of GEK TERNA Group) and THE GRID S.A. (a joint venture of NOVAL PROPERTY and BROOKLANE), with a total budget of 96.5 million euros.