ENGLISH EDITION

100% of Wind shares will be acquired by United Group, as announced by Wind, a transaction that changes the balance of competition in the Greek market, as the third and fourth players are placed under a common business umbrella and are seen better challenging market leaders Cosmote and Vodafone.

The new shares from the group’s 120.5 million euro share capital hike started trading on the Athens bourse on Friday and the mobility was particularly intense, outlining the ongoing conflict between the main shareholders although the session’s total trading was sluggish (32.476 million euros) ahead of the August 15 break.

Minister of Finance, Christos Staikouras, said earlier this week that the ministry and PDMA have started looking into creating a framework for issuing green bonds, adding that the first issue will be part of the state’s lending strategy for the next year.

Moody’s avoids giving an estimate on the financial cost arising from the fires but mentions as a reference the devastating wildfires in 2007 – the worst in Greece’s recent history, which affected 270,000 hectares of land – caused estimated total damage of close to 3 billion euros (1.3% of nominal GDP).

A number of innovations are being adopted in the presidential decree that will be signed tomorrow, the prime minister said, stating among them that every burned area will be declared as being reforestable. Concluding his introductory speech, he pointed out that the main concern is to get the community involved.

The situation regarding cancellations at hotels is less clear, but with his statements to Business Daily, the president of the Panhellenic Hoteliers Federation (HHF), Grigoris Tassios, expressed his concern about developments.

The president of the Panhellenic Hoteliers Federation (HHF), Grigoris Tassios said that "the strategy for Covid free islands was not achieved, because the vaccination had to do with the island’s permanent residents, while, as it turned out, mechanisms were not in place to check tourists who arrived on the island."

The president of the Panhellenic Hoteliers Federation (HHF) Grigoris Tasios emphasizes that the average occupancy in the country’s hotels in June was 45%, when last year in the same month it did not exceed 20%.

In the second quarter of 2021, the credit standards for loans to non-financial corporations (NFCs) remained unchanged compared with the first quarter of 2021, in line with the expectations expressed in the previous quarterly survey round.

The selection of companies that will make up the first ESG Index was made with the help of the National and Kapodistrian University of Athens (NKUA).