The revival of timber and wood's use in infrastructure projects

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02.03.2022

A 25-meter-long bridge was built at the Gulou Waterfront, a village in Jiangmen, China. This unusual man-made landscape, formed by a network of waterways and lakes, was once an infrastructure for fishing and agriculture. Now, the area is changing use, with prospects of being used as an ecotourism resort, and LUO Studio has employed to build a new footbridge in its heart.

Sberbank is pulling out the European market

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02.03.2022

Russia’s largest lender Sberbank said it will be pulling out of Europe after coming under pressure from tough sanctions announced by Western countries in response to Moscow’s invasion of Ukraine.

Municipal Unit of Keratea inks agreement to refurbish part of its road network

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02.03.2022

The contract was inked between the Mayor of Lavreotiki Dimitris Loukas and the contractor company "YRIA TECHNIKI SA" for the refurbishment of rural roads with an area of 80 km in the Municipal Unit of Keratea.

The municipality of Elliniko launches an urban refurbishment project

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02.03.2022

The beginning of the biggest urban refurbishment that has taken place in the city, was announced by the mayor of Elliniko-Argyroupolis Giannis Konstantatos.

Descent office yields observed in Athens and Thessaloniki

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02.03.2022

2021 was the year that the coronavirus vaccine generated a new defense system against the ongoing health crisis and a year where the economy managed to be restarted.

Some good news for the Greek real estate market

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01.03.2022

2021 has been a strong year for the Greek housing market and the first half of 2022 is predicted to be even stronger, as according to 61% of the network of CPS partners, the market will follow an upward trend.

Piraeus Bank completes purchase of a 52% stake in Trastor

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01.03.2022

Το 52% της Trastor απέκτησε η Τράπεζα Πειραιώς, έναντι €98 εκατ. ή 1,25 ευρώ ανά μετοχή.

BoG: Energy prices are expected to increase further

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01.03.2022

The Bank of Greece Governor Yannis Stournaras addressed the EUROFI High Level Seminar 2022.

Fashion House expands the Outlet in Bucharest

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01.03.2022

Developer Fashion House, announced that it would expand the outlet centre it opened last spring in the Pallady area in eastern Bucharest.

Noval Property’s portfolio fair value reaches €400M

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01.03.2022

The fair value of Noval Property’s investment property and participations portfolio amounted to €413.29 million on 31st December 2021, an increase of 13.35% compared to 31st December 2020.

€1,320M available to PPC following the sale of its stake in HEDNO to Macquarie

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01.03.2022

PPC S.A. announced that the sale of 49% of its participation in HEDNO S.A. (Hellenic Electricity Distribution Network Operator S.A.) share capital was completed with the deposit of €1,320 million by Macquarie Asset Management for the acquisition of the aforementioned stake.

HRADF receives binding offer for the “Philippos II” port

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01.03.2022

The Hellenic Republic Asset Development Fund (HRADF S.A.), a member of the HCAP Group, received binding offer by the consortium INTERNATIONAL PORT INVESTMENTS KAVALA, composed of the companies BLACK SUMMIT FINANCIAL GROUP – EFA GROUP – GEK TERNA for the sub-concession of the right to use, maintain, operate and exploit a multi-purpose terminal within “Philippos II” port (currently operated by Kavala Port Authority S.A. – OLK S.A.).

Material Costs Index in the construction sector soars in January

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28.02.2022

The Overall Material Costs Index in the Construction (CSTM) of New Residential Buildings with base year 2015=100.0 in January 2022 recorded an increase of 7.3% in comparison with January 2021.

MYTILINEOS is expanding its solar activities in South Korea

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28.02.2022

MYTILINEOS S.A. reaffirming its strategy in expanding its solar activity in markets around the world, is announcing the completion of the construction of a 1.55MW Solar PV project in Yangpyung-gun in South Korea, by its Renewables and Storage Development (RSD) Business Unit.

The world's biggest investment fund exits Russia

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28.02.2022

Norway is starting a process to remove Russian assets from its $1.3 trillion sovereign wealth fund, in a rare case of politics steering investments for the country’s savings.