Climate change has emerged as one of the most significant factors impacting both the real estate market and the insurance industry across Europe. The rising frequency of natural disasters, including floods, wildfires, and heatwaves, is causing substantial financial losses, directly affecting the cost and availability of insurance coverage.

Orilina Properties announced the signing of a private pre-agreement concerning its residential complex at the Agios Kosmas marina.

The Greek Air Traffic Controllers Union is sounding the alarm as understaffed services and outdated surveillance equipment can no longer meet the ever-increasing air traffic demands.

The economic climate showed an upward trend in January, according to data from IOBE, with the index reaching 108.6 points, up from 106.4 in the previous month.

Digital Realty announced the activation of a Point of Presence (PoP) in collaboration with EXA Infrastructure (EXA) to enhance connectivity solutions in Crete.

Wyndham Hotels & Resorts has signed a collaboration agreement with the construction company Zafido Holding Ltd for the development of a hotel in Piraeus.

PQH, the Special Liquidator for all credit and financial institutions under special liquidation in Greece, announces the closing of the Alphabet transaction, with a total gross book value of €4.8 billion and total purchase price approaching half a billion euro, making it the largest non-performing loan (NPL) portfolio sale in Greece.

The future of the primary sector and the need for its modernization were extensively discussed at the evening seminar “Smart Greenhouses: The Future of Greek Agriculture”, recently organized by the Hellenic Association of Agricultural Machinery Manufacturers as part of Zootechnia. The event was held with the generous sponsorship of Piraeus Bank and the company Plastika Kritis S.A..

A forthcoming legislative regulation, which will be submitted for immediate voting in Parliament, will extend the deadline for submitting applications for debt settlement to Municipalities and Regions of the country, in accordance with Article 25 of Law 5143/2024, until March 14, 2025. The previous deadline, which was January 31, has now been extended.

Both turnover and volume in retail trade saw an increase in November 2024, according to data published by the Hellenic Statistical Authority.

The Gross Added Value (GAV) for the entire country saw an increase of 13.9% in 2022 compared to 2021, according to the Regional Accounts data from ELSTAT.

The Council of State has set a new six-month deadline for the Decentralized Administration of Attica and the Ministry of National Economy to secure the necessary €349,999.92 to begin the studies and proceed with the demolition of the top three floors of the Coco Mat hotel at the Acropolis, which is part of the portfolio of Blue Cedar REIC.

The Regional Governor of Peloponnese, Dimitris Ptochos, recently conducted an on-site inspection of the flood protection works at the Kyriello River in Kiato, as well as the maintenance and cleaning operations of the central AOSAK canal.

Premia Properties has acquired an office building in the highly promising area of the western entrance to Thessaloniki.