Lebanon will construct a $122 million terminal at Beirut’s Rafik Hariri International Airport to be operated by a leading Irish airport company when it’s completed in four years, officials said Monday.

Spanish billionaire Amancio Ortega has a problem most of the world’s super-rich don’t.

The Ministry of Finance is revising upwards the growth rate of the Greek economy for 2023 to 2.3% from 1.8% of the budget forecast.

Intrum Hellas announced the sale of a portfolio of 72 hotel units with a legal claim of €254 million (Project Tethys) to the consortium SMERemediumCap / Latonia Enterprises Company Limited – Athanasios Laskaridis family office / WHG Europe Limited – Brown Hotels portfolio.

Skanska has signed a contract with the City of Helsinki to build new apartments in Helsinki, Finland. The contract is worth EUR 50M, about SEK 560M, which will be included in the Nordic order bookings for the first quarter of 2023.

With a new 20% reduced price will hit the market the unique property of the Riviera Real Estate and Construction Company in Kifissos in Athens, next to the Sepolia metro station.

The Overall Material Costs Index in the Construction (CSTM) of New Residential Buildings in February 2023 recorded an increase of 10.1% in comparison with February 2022.

Moody's Investors Service ("Moody's") has changed the outlook on the City of Athens' ("Athens") rating to positive from stable, while affirming the local and foreign currency long-term issuer rating of Ba3. Moody's has also affirmed the city's ba3 Baseline Credit Assessment (BCA).

The contract for the implementation of the Pallini Urban Grove Panorama was signed, and the construction works of one of the largest, modern, municipal parks in Attica, with an area of 60,000 sq.m., have begun.

In April, the platform opens for applications submission regarding the new program of the Ministry of Environment and Energy "Photovoltaics on the Roof".

New parks in Attica, Thessaloniki and Larissa were delivered by P&G based on the program "We create pocket parks, make our cities more sustainable" which has already been implemented since the beginning of 2021.

MYTILINEOS Energy&Metals undertakes the development of an open-cycle gas turbine (OCGT) power plant project in Immingham of North Lincolnshire in the United Kingdom, for VPI Immingham -B LLP (VPI-B), a non-consolidated group entity of Vitol.

Blackstone (NYSE: BX), the world’s largest alternative asset manager, announced that it will open a new office in Frankfurt, Germany. The new flagship location will occupy 1,300 square meters in the OMNITURM in Frankfurt’s financial district and serve as a hub for Blackstone in Germany.

The process of the bank's listing in the Main Market of the Athens Stock Exchange has been approved by the Board of Directors of Optima bank in the extraordinary General Meeting of shareholders, which took place on Wednesday, March 22.

European hotel values rise 3% in 2022 in what proved a mixed year for the sector. Read more in HVS latest European Hotel Valuation Index.