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Impressive recovery is being shown by global tourism in 2024, according to data from the World Tourism Organization presented in the "Special Edition - 2024 Review" of the Statistical Bulletin by INSETE.
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Fitch has upgraded the long-term issuer default ratings (IDR) of Eurobank and National Bank of Greece (NBG) by one notch to "BBB-" with stable outlook, from "BB+" with positive outlook. The ratings of Alpha Bank and Piraeus Bank have also been raised to "BB+" with positive outlook, from "BB" with positive outlook.
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Invesco Real Estate has acquired the InterCity Hotel in the center of Berlin on behalf of a German group.
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The Sani/Ikos group has added new hotel resorts in Greece and Spain to its portfolio.
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The slowdown in construction costs, below the average levels of the past 5 to 10 years, has resulted in a decrease in inflation in the U.S.
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A non-binding agreement has been announced for the acquisition of Kritis supermarkets by the Masoutis S.A. chain.
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Accor, Invel Real Estate, and Prodea Investments have announced an agreement to include the Hotel Bellevue Cortina d'Ampezzo in the Emblems Collection, marking the hotel chain's entry into Italy.
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Housing prices have surged dramatically over the past decade in most European cities, significantly squeezing the purchasing power of citizens, according to a recent study by Oxford Economics.
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The "Quarterly Report, March 2025" by the Hellenic Parliament’s Budget Office highlights that the Greek economy is maintaining its positive momentum, with the fourth quarter of 2024 achieving the highest growth rate since the second quarter of 2023.
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The General Turnover Index in the retail sector for January 2025, compared to the corresponding index of January 2024, showed an increase of 2.5%, and compared to the corresponding index of December 2024, it decreased by 18.4%.
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The Municipality of Palaio Faliro informs property owners about the obligation to clear and clean plots of land.
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Lamda Development's shopping centers have set new records, with their performance reflected in the impressive annual financial results for 2024, recently announced by the company.
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With the aim of creating the leading Investment Banking company in Greece and Cyprus, Alpha Services and Holdings S.A., the 100% parent company of Alpha Bank S.A., has reached an agreement with the founders and other key shareholders of AXIA Ventures Group Ltd ("AXIA") regarding the key commercial and legal terms for the acquisition of the entire (or at least 95%) existing share capital of AXIA.
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The AKTOR Group and the University of Crete have signed the Public-Private Partnership (PPP) Agreement for the major project of constructing and operating the Crete student dormitories, with a budget of €255 million.
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Office rental prices in Attica are on an upward trajectory, with investor interest focusing on green and sustainable buildings. Additionally, there is an increased demand for adaptability and flexibility in workspaces.