HPPC tenders a lease for Paleokastritsa Tourist Pavilion

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14.11.2022

HPPC SA announced an open tender (e-auction) for the lease of the Paleokastritsa Tourist Pavilion property in Corfu.

Intrakat inks deal with the Greek Ministry of Infrastructure and Transport

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14.11.2022

Intrakat signed a 60.7 million euros plus VAT contract worth with the Ministry of Infrastructure and Transport for the undertaking of the "Rafina Stream Boundary Arrangement" project, which will protect Rafina and the adjacent areas from the risk of future flash floods.

BriQ Properties declares 34% jump in rental income in the first 9 months of 2022

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14.11.2022

BriQ Properties R.E.I.C. announced that according to the consolidated financial statements for the nine-month period ended 30.09.2022, the rental income of the Group amounted to € 5,9 million compared to € 4,4 million for the respective last year period, recording an increase of 34%, due to the integration of revenues from the investments in logistics and due to the decrease in the revenues of 2021 from the mandatory measures against Covid-19.

Large redevelopment project in the surrounding area of Nea Elvetia terminal station in Thessaloniki

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14.11.2022

The surrounding area of Nea Elvetia terminal station is being redeveloped following a contract been recently signed by the Mayor of Thessaloniki, Konstantinos Zervas, the Vice-Regional Governor for Infrastructure and Networks Paris Billias and the Managing Director of Transport Authority of Thessaloniki S.A. Yiannis Toskas.

Eurobank reports €1.1B net income in the first nine months of 2022

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14.11.2022

Eurobank reported a robust operating performance in 9M2022 with the adjusted profit after tax increasing to €932m, from €298m the respective period of 2021. The EPS stood at €0.30, from €0.06 in 9M2021 and the return on tangible book value3 increased to 22.0%, from 7.8% a year ago.

The new business plan for the port of Alexandroupolis

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14.11.2022

HRADF' decision to cancel the tender for the sale of a majority stake (at least 67%) for the port of Alexandroupoli has generated quite an inconvenience in the market last week.

Mortgage disbursements seem to be losing steam

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14.11.2022

For 2022, the Greek economy, based on the latest Bank of Greece projections, is estimated to grow at 6.2%, much higher than initially forecast. Combined with high inflation, nominal GDP growth is expected to stand well above the implicit interest rate on government debt, thereby helping to significantly reduce the government debt-to-GDP ratio.

Piraeus Bank reports €386M normalized operating profit in 9months period

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11.11.2022

Piraeus Bank reported normalized operating profit reaching at €386million in 9M.22 vs €225million a year ago.

BoG: NPLs remains the biggest challenge in the Greek banking sector

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11.11.2022

The Executive Summary of the Financial Stability Review was posted on the Bank of Greece website. The Review is published twice a year by the Financial Stability Department.

Terna Energy comprised in the MSCI Standard Greece index

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11.11.2022

The MSCI has upgraded Terna Energy. The provider has upgraded the firm comprising its stock in the Standard Greece index

Elefsina Shipyards agreement comprises a large debt haircut and secured DFC financing

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11.11.2022

With the unanimous support of the workers at the Elefsina Shipyards (percentage 100%), as well as the most important stakeholders and organizations (Municipality of Elefsina, EBEP), the agreement for the consolidation of the Elefsina Shipyards was inked.

Be aware of probable fraudulent incidents with non certified brokers

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11.11.2022

The Athens Attica Association of Realtors invites prospective property buyers, tenants and owners to be extremely cautious for probable fraudulent incidents with non certified brokers.

Climate terminology and the "greenwashing" in the real estate market

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11.11.2022

Carbon neutrality and net-zero strategies have gained a leading role in recent years, without however having attained to be granted a clear conceptual definition. There have been developed many frameworks to address this problem, as the complexity of the situation confuses many market players, comprising real estate professionals.

Titan Group reported increased sales by 31.6% in the third quarter of 2022

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10.11.2022

Titan Group reported increased sales by 31.6% to €1,661.8m year-to-date, with a very strong Q3 growth at 41.8% vs the same period of last year.

Greek consumer price index lowers to 9,1% in October 2022

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10.11.2022

The Hellenic Statistical Authority unveiled the consumer price index report for October 2022.