More than 1 in 10 buyers of holiday homes in Greece (12.35%) this year was a Greek expatriate.

Grid Telecom, a subsidiary company and operator of telecommunications services of the Independent Electricity Transmission Operator (ADMIE) and Tamares Telecom (subsidiary of Aluma Infrastructure Fund), a leading international wholesale telecommunications service provider and operator of fiber optic networks, have routed and the business plan for the ANDROMEDA optical fiber cable system that will connect Greece with Cyprus and Israel, and will be extended to the Arabian Peninsula.

The strategic investment in the port of Volos was announced by OLTH SA which recently acquired 67% of the Organization through the HRADF competition.

However, all countries are grappling with high construction costs. Across Europe, JLL’s construction inflation index shows growth slowing in 2023, on average up 6% in Q2. The effect of prolonged high costs is visible in reduced building, with permits having fallen 7% year-on-year.

The tender for the lease of the right to research geothermal potential in four regions of Northern Greece has been extended until November 30, 2023, by decision of the Deputy Minister of Environment and Energy, Alexandra Sdoukou.

The Intrakat group recorded a dynamic course during the first half of 2023, achieving its return to operational profitability, increasing turnover by 45%, expanding its backlog to €2.1 billion and consolidating its financial base, in context of the ongoing strategic development plan.

PRODEA Investments announced the lease of Karela Business Park, its largest office complex, to MYTILINEOS.

500.027 Optima bank's New Shares were allocated to the beneficiaries of the Parallel Offering to a limited circle of persons.

Resolute Asset Management and Cepal Hellas are joining forces to create the market leader in real estate management

Alpha Astika Akinita reported improved finantial position for the first half of 2023 relative to the corresponding last year.

The Total Building Activity (private-public) in Greece, in June 2023 which is calculated on the basis of the number ofissued building permits, amounted to 2,461. This figure corresponds to 509,439 m2 of surface and 2,413,294 m3ofvolume, reflecting, respectively, a 13.0% increase in the number of building permits, an 11.8% increase in surface and a28.9% increase in volume, compared with the corresponding month of 2022.

Lamda Development reported new record high in operating profitability EBITDA for the Malls at €41m1 on half-year (H1) basis, 30% increase vs. 2022

London’s office market is in a “rental recession,” according to financial services company Jeffries, who reported that vacancies in the capital’s business hub had hit a 30-year high.

The European Bank for Reconstruction and Development (EBDR) predicts an increase in Greek GDP by 2.4% in 2023 and 2.3% in 2024.

«Thessaloniki Port Authority S.A.» (ThPA S.A.) announced for the 1st half of 2023 (6M 2023) increase in container throughput, increase in the sectors of utilization of spaces and passenger terminal and decrease in the sectors of conventional cargo and Intermodal, decrease that sourced a low decrease in total turnover, compared to the corresponding period of 2022 (6M 2022). In detail, Group consolidated turnover (including sole subsidiary ThPA Sofia EAD, 100% owned by parent Company) for 6M 2023 amounted to € 41,2 mil., reduced by 2,6%, compared to € 42,3 mil. for 6M 2022.