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A Memorandum of Cooperation was signed today between Giorgos Pitsilis, Governor of the Independent Public Revenue Authority (AADE), and representatives of HELLENiQ ENERGY (Hellenic Petroleum) and MOTOR OIL GREECE. The agreement aims to institutionalize the collaboration between the public and private sectors in addressing the management of confiscated energy products, in compliance with Article 57 of Law 5100/2024.
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The Hellenic Public Properties Company (HPPC) SA reported a profit of €52.27 million for the last year, a significant turnaround from the €205.41 million loss in 2022, primarily due to the resolution of the long-standing dispute with the Mantonanakis Group over the Grand Resort Lagonissi case.
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Due to the lack of a necessary quorum, the General Meeting of EKTER shareholders has been postponed to November 11, 2024.
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The Port of Piraeus has been once again recognized for its exceptional performance in the passenger transport sector, receiving the "Ferry Shipping Port of the Year 2024" award at a special event held during the European Conference on Coastal Shipping – European Ferry Shipping Summit.
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METLEN Energy & Metals has been awarded three solar PV projects in Spain totaling 160 MWp for Cero Generation in the municipality of Palencia in Castille-Leon.
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Aquila Capital's Southern European Logistics Fund (ACSEL) has acquired a cutting-edge logistics facility in Gandra, situated in the Porto region of northern Portugal.
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Great Portland Estates plc has announced the acquisition of the special purpose company holding the long leasehold interest of Whittington House, WC1 for a total consideration of £58.5 million (£785 per sq ft on current NIA), subject to further balance sheet adjustment post completion.
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The proposed Special Town Planning (STP) for Mykonos, along with its alternative scenarios, was presented at a formal ceremony by the Ministry of Environment.
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Mevaco inks contract for the production and supply of fixed metal PV Park bases.
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The CPI in October 2024 compared with October 2023, increased by 2.4%. In October 2023, the annual rate of change of the CPI was 3.4%.
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Cenergy Holdings announced that Hellenic Cables, its cable division, has been awarded by ADMIE (Independent Electricity Transmission Operator) a contract for the design, supply and installation of 150kV XLPE underground and submarine cables.
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Valued at c.$13 trillion, construction is one of the largest industries in the global economy. However, despite technological improvements by individual companies, labor productivity growth in the industry has lagged for decades.
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Banks in the euro region have about €1.3 trillion ($1.4 billion) in outstanding loans to commercial real estate investors and credit quality is “visibly deteriorating,” European Central Bank researchers found in a study of the links between CRE and the financial system.
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Fixed capital investment had a much larger contribution to economic activity boding well for productivity while the improvement in households’ disposable income and higher saving rate revealed improved household fundamentals.
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Subsidies, tax breaks, but also new fees and heavy fines are comprised in the draft law of the Ministry of National Economy and Finance, that was submitted for public consultation.