Vovo's partially built property on Kifissias Avenue up on auction

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12.11.2021

The partially built commercial property at 109 Kifissias Avenue in the Municipality of Maroussi of the debtor company "BABIS VOVOS - INTERNATIONAL TECHNICAL SOCIETE ANONYME" is being put up on electronic auction next month. HELLAS CAPITAL LEASING is the requesting debtor.

Greek CPI jumps 3,4% in October

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11.11.2021

According to the Hellenic Statistical Authority, the Consumer Price Index in October 2021 compared with October 2020, increased by 3.4%.

Greek GDP is forecast to rebound by 7.1% in 2021

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11.11.2021

Economic indicators suggest that growth continued unabated in the summer, also underpinned by a revival of intra-EU travel that benefited in particular EU touristic regions.

Inter-municipal cooperation of Paleo Faliro and Elliniko-Argyroupolis on urban planning

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11.11.2021

Mayors of P. Faliro Giannis Fostiropoulos and of Elliniko - Argyroupolis Giannis Konstantatos inked an agreement of inter-municipal cooperation for the support of the Urban planning Service Offices.

Alpha Bank inks binding agreement with NEXI for its MA business in Greece

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11.11.2021

Alpha Services and Holdings S.A. announced that its 100% Subsidiary Alpha Bank S.A. has entered into a binding agreement for the establishment of a strategic partnership in respect of its merchant acquiring business unit in Greece.

Titan reports a 5% jump in group revenue

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11.11.2021

Operating profitability (EBITDA) penalised, down by 4.3% to €219.6m in the period due to Q3 global spike in input costs; however, now on reducing trend

Lamda's infrastructure investments in Ellinikon are expected to reach c.€500M

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11.11.2021

The budget of the redevelopment project has been prepared taking into account the increased building material prices a global phenomenon that has been recently challenging the construction sector.

Clarifications on Trastor's share capital increase

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11.11.2021

Following the share capital increase 73,291 new common registered shares of the Company of nominal value €0.50 each were issued that will be distributed to the Company’s Chief Executive Officer.

GE spins off operations to turn into an aviation-focused firm

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10.11.2021

GE announced what its Chairman and CEO Larry Culp called a “defining moment,” with plans to form three industry-leading, global public companies focused on the growth sectors of aviation, healthcare and energy.

PATRIZIA expands logistics investments with larger footprint in Spain

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10.11.2021

The investment was made on behalf of a PATRIZIA logistics flagship fund for its institutional clients and further strengthens the already significant logistics portfolio of the firm.

Hilton Athens suspends operations by the beginning of 2022

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10.11.2021

The Hilton Athens suspends operation of most of its facilities in early 2022, as a major renovation program for the iconic hotel begins and is to change its business model.

FED issues a warning for the US real estate sector

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10.11.2021

In its biannual report on financial stability, the Fed pointed specifically to the crisis at Evergrande, China's most indebted developer.

Piraeus Bank inks definitive agreements to dispose the Sunrise II portfolio

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09.11.2021

The Sunrise II portfolio comprises c.47k retail and corporate loans with a gross book value of €2.7bn, as at 31 December 2020.

Intrakat wins tender for Athens Railway Station redevelopment

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09.11.2021

The company's offer was followed by the offers of TERNA SA. - MYTILINEOS SA (6.00%) and AVAX (5.07%).

The Ellinikon project, scheduling a total redevelopment

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09.11.2021

"The Ellinikon has been initiated and by 2025 a large part of this project is estimated to be completed, so that all citizens will be able to experience and feel proud of this investment," Lamda Development's CEO Odysseas Athanassiou said during the third online presentation of the company to inform the public about the emblematic work.