The CRE market faces headwinds that could hobble small banks

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28.03.2023

Small U.S. lenders that have outsized exposure to office loans could become the next group to face strains after bank failures roiled financial markets this month, according to analysts.

Three different speeds of growth in the Greek office market

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27.03.2023

Market rents for offices in the first quarter of 2023 are on the rise, but clearly more moderate, compared to a year ago, for typical, middle-aged properties, on main road axes and in the center of Athens.

The cadastral charts from the Mortgage Offices are online effective today

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27.03.2023

As of today the issuance and granting of extracts from the cadastral charts (AKD) from the books kept in the Rented Mortgage Registries that operate as Cadastre Offices, will available to interested parties.

Family businesses globally have enjoyed double-digit growth in 2022

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27.03.2023

The notion of how to build trust in business is changing—fundamentally and rapidly. For everyone—including customers and employees—issues like environmental, social and governance (ESG) and diversity, equity and inclusion (DEI) have become litmus tests for trustworthiness.

NTUA students visited the wires of Milos sight

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27.03.2023

The educational visit to Milos, which was organized by the School of Architecture and Engineering of the National Technical University of Athens, has ended.

Lebanon to construct new terminal at Beirut airport

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27.03.2023

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.

Ortega’s coffers with ever-increasing flows challenged by reinvestments

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27.03.2023

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

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27.03.2023

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.

Project Tethys hotel portfolio of 72 units disposed off

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24.03.2023

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 builds apartments in Helsinki, Finland

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24.03.2023

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.

Riviera's landplot in Kifissos is up on market with 20% discount

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24.03.2023

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.

Overall Material Costs Index in the Construction of New Residential Buildings plunges 10,1% in February

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24.03.2023

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 upgrades the Municipality of Athens rating to positive from stable

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24.03.2023

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).

Pallini Urban Grove Panorama planning development was granted approval

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24.03.2023

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.

The official guide for the "Photovoltaics on the Roof" program available online

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24.03.2023

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