Travel industry to contribute record $11 trillion to global GDP in 2024

|

03.09.2024

A record $1 out of every $10 spent globally in 2024 will be on travel as people briskly book hotels, cruises and flights, according to an annual report by the World Travel and Tourism Council, a non-profit membership organization.

EYDAP president on measures to relieve pressure on Attica water supply system

|

02.09.2024

The Athens Water Supply and Sewerage Company (EYDAP) is on alert, in collaboration with the Greek state, for the management of water shortages, the president of the board Giorgos Stergiou told Athens-Macedonian News Agency.

Sainsbury’s to buy 10 Homebase stores for €152m

|

02.09.2024

Sainsbury’s, which also owns Argos and Habitat, plans to invest c. €152m in buying 10 stores from Homebase and converting them into big supermarkets in the retailer’s biggest expansion in more than a decade.

Finland wants to ban Russians from buying property in country

|

02.09.2024

The Finnish government wants to ban Russians from buying property in Finland, the Nordic country’s Defense Minister Antti Hakkanen said on Monday.

Blackstone Is Said to Near $13 Billion Deal to Acquire AirTrunk

|

02.09.2024

Blackstone Inc. is nearing a deal to acquire Australian data center operator AirTrunk for more than A$20 billion ($13.5 billion) including debt, people familiar with the matter said, in what could be one of the largest digital infrastructure deals this year.

Steel Industry Leaders have high hopes for revival in 2025

|

02.09.2024

American steel executives say they’re optimistic that demand for the industrial material will rebound next year, recovering from the lackluster demand and low prices that have hobbled the industry in 2024.

INSETE Statistics Update for the Greek Hospitality Industry First Half 2024

|

31.08.2024

In the period January-July 2024, 14.4 million international air arrivals were recorded, surpassing the levels of January-July 2023 (13.3 million), representing an increase of +8.2% or +1.1 million arrivals.

Hellenic Bank posts €189 million after-tax profit in first half of 2024

|

30.08.2024

Hellenic Bank on Friday posted a profit after tax of €189 million for the first half of 2024, marking an 18 per cent increase compared to the same period during the previous year.

Negative inflation in supermarkets in August

|

30.08.2024

Negative inflation is recorded in supermarkets in August, for the fourth consecutive month, according to a survey by the Consumer Goods Retail Research Institute (IELKA).

BoG Approval of the Merger of Attica Bank – Pancreta Bank

|

30.08.2024

Attica Bank S.A. (hereinafter “Attica Bank”) informs investors following its Announcements dated 24.07.2024 and 26.07.2024, that the Bank of Greece approved today the Merger of Attica Bank S.A. – Pancreta Bank S.A. (hereinafter “Pancreta Bank) by absorption of Pancreta Bank by Attica Bank.

China Considers Allowing Refinancing on $5.4 Trillion in Mortgages

|

30.08.2024

China is considering allowing homeowners to refinance as much as $5.4 trillion in mortgages to lower borrowing costs for millions of families and boost consumption.

The fair value of Noval Property’s investment portfolio is €609 million

|

30.08.2024

The fair value of Noval Property’s investment portfolio1 reached EUR 609 million as of 30th June 2024, representing an increase of EUR 38 million (7% increase) when compared to the portfolio’s fair value at 31st December 2023 (EUR 571 million).

PATRIZIA secures additional €200 million for its flagship Smart City Infrastructure Fund

|

29.08.2024

PATRIZIA, a leading partner for global real assets, has secured a further EUR 200 million for its flagship Smart City Infrastructure Fund (SCIF), taking the total fund commitment to EUR 950 million.

LaSalle acquired London hotel from abrdn for €65.5m

|

29.08.2024

LaSalle Investment Management (LaSalle), the global real estate investment manager, has acquired a central London hotel from abrdn for €65.5m on behalf of a UK Custom Account client.

July unemployment rates down in 9.9%

|

29.08.2024

The Hellenic Statistical Authority (ELSTAT) announces the seasonally adjusted estimates of employment and unemployment for July 2024.