ENGLISH EDITION

ENGLISH EDITION

Privatization program takes off on strong interest for Athens airport

Greece's sale of a 30 percent stake in the Athens International Airport drew stronger than expected investor interest, in what could earn the country more than 1.5 billion euros in revenues, while also giving a major push to its stalled privatizations program. Expected dividends of 1.1 billion euros connected to the 30 percent stake between 2026 to 2046 drew ten bids from some of the world's largest investors in infrastructure and airport management companies.

30 Οκτ 2019 12:55

ENGLISH EDITION

Three bids expected for 380 mln euro plants in Attica-Crete interconnection

In one of the biggest projects to go ahead in Greece in recent years, three bidders are expected to submit bids on Thursday for the construction of two power conversion plants that will form part of the Attica-Crete grid electricity connector. Along with international partners, the three bidders have their eye on the tender, worth 380 million euros, that has been extended twice.

29 Οκτ 2019 15:30

ENGLISH EDITION

Concerns rise of social unrest hitting Balkans after EU snub- Stratfor

Concerns are rising that a political crisis in northern Macedonia may spill over onto other Balkan nations, prompting the risk of social unrest arising, as the European dream in the region starts to fade, analysts from two leading think tanks, US Stratfor and the European Policy Center (EPC) in Brussels, tell Business Daily.

29 Οκτ 2019 07:55

ENGLISH EDITION

Very important investments in Greece in the next 2-3 months, Dep. FM Fragoyiannis says

Deputy Foreign Minister for Economic Diplomacy Constantinos Fragoyiannis, underlined the importance of the investment to the growth of the Greek economy and expressed his certainty that in the next 2-3 months there will be very important investments in Greece.

28 Οκτ 2019 16:27

ENGLISH EDITION

Future of Hercules plan put in doubt by SSM

The European Central Bank's Single Supervisory Mechanism (SSM) has rejected a key term of Greece's Hercules plan, a proposal aimed at helping banks reduce bad loans, casting doubts over the future of the scheme, sources have told Business Daily. Τhe SSM has decided that the only way for state guarantees on bad loans being securitized to carry zero risk is for Greece to commit respective cash amounts.

25 Οκτ 2019 12:35

ENGLISH EDITION

Brussels satisfied over phasing out lignite and HEDNO's privatisation

European Commission officials in Brussels have expressed satisfaction over the two main axes of the government's energy policy, sources said on Friday. Namely, Brussels has welcomed the announcement of an end of electricity production using lignite and the privatisation of the Hellenic Electricity Distribution Network Operator (HEDNO).

25 Οκτ 2019 11:59

ENGLISH EDITION

ADMIE says Crete-Attica power connection winning bids to be announced

The technical evaluation of bids submitted for the project connecting Crete to the mainland grid through direct-current cables was completed, the Independent Power Transmission Operator (ADMIE) said on Thursday,while the president of Ariadne Interconnection and CEO of parent company, ADMIE, Manos Manoussakis, said the project "is moving ahead without obstacles" and said ADMIE is committed to starting construction on the 1-billion-euro project by early 2020.

25 Οκτ 2019 09:47

ENGLISH EDITION

Blueground raises $50 million to expand in US, Europe

Real estate technology company Blueground has raised an additional $50 million in capital from investors as it pushes ahead with ambitious global expansion plans. The moves comes as investor interest in real estate tech players picks amidst changes in the way properties area bought, sold and leased.

24 Οκτ 2019 19:47

ENGLISH EDITION

Strong interest from international investors for stake in Athens airport

More than five investors are looking at buying a 30 percent stake in the Athens International Airport being sold by the Greek government and will need to submit their interest in the stake to Greece's privatizations agency HRADF on Tuesday.

24 Οκτ 2019 11:30

ENGLISH EDITION

Mitsotakis to meet bankers on transaction fees

The recent bank charges that have been imposed on most transactions are expected to be discussed, among other things, in a meeting on today between the heads of the country’s biggest banks and Prime Minister Kyriakos Mitsotakis.

24 Οκτ 2019 09:44

ENGLISH EDITION

Strategic agreement for Piraeus Bank and Intrum

Piraeus Bank and Intrum concluded yesterday to a strategic agreement in order to establish credit management servicer in Greece. The new servicer is licensed and regulated by the Bank of Greece.

24 Οκτ 2019 09:39

ENGLISH EDITION

Greek stocks marginally lower on Wednesday

Greek stocks ended marginally lower in the Athens Stock Exchange on Wednesday, following a consolidation session. The general index fell 0.04 pct to end at 873.13 points, off the day’s lows of 866.71 points. The Large Cap index ended 0.24 pct lower and the Mid Cap index fell 0.60 pct. Turnover was 75.959 million euros in volume of 29,068,845 shares.

23 Οκτ 2019 21:56