ENGLISH EDITION

ENGLISH EDITION

Development eyed for former Athens slaughterhouse in 200-mln-euro plan

The plan, after municipal elections, had been shelved but a few days ago the state company "Athens Reconstruction", which was founded during the SYRIZA era, proceeded to announce the hiring of a consultant. The specific consultant will undertake to move the "Old Slaughterhouses" project to maturity.

22 Αυγ 2021 09:41

ENGLISH EDITION

The "battle" for Heraklion port and the long list of delayals

Interest for a 67% stake in OLI is expected to come from a number of strong groups such as the Italian group Grimaldi, that controls Minoan Lines, AVIAREPS of the Cretan businessman G. Grylos, GEK TERNA, and shipping companies such as Attica and possibly foreign investment groups.

20 Αυγ 2021 09:25

ENGLISH EDITION

Primary budget deficit widens by 15%, exceeds 10-bln-euro mark

As the BoG stated in its latest Monetary Policy Report, the primary deficit in terms of enhanced supervision was projected to fall to 3.9% of GDP this year from 7% of GDP in 2020.

19 Αυγ 2021 15:13

ENGLISH EDITION

Growth leads economy back to 2019 levels: Tourism holds the key

In combination with encouraging data on the tourist season, optimism is growing for an economic growth rate in 2021 that will exceed the Finance Ministry’s moderate forecasts (3.6%) and will probably move towards the more optimistic forecast of IOBE (5% - 5.5%), or even higher, unless of course there are negative developments regarding the pandemic.

19 Αυγ 2021 09:11

ENGLISH EDITION

United Group buys Wind Hellas, move reshapes telco market

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.

17 Αυγ 2021 09:48

ENGLISH EDITION

Shareholders keep up the fight over Ellaktor despite summer lull

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.

16 Αυγ 2021 09:11

ENGLISH EDITION

Greece looks at issuing first green bond next year, searches for the right projects

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.

13 Αυγ 2021 16:15

ENGLISH EDITION

Cost of fires manageable, but environmental risks for Greece elevated-Moody's

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).

12 Αυγ 2021 09:05

ENGLISH EDITION

Greek Prime Minister outlines aid to be paid to fire victims

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.

11 Αυγ 2021 09:05

ENGLISH EDITION

PM Mitsotakis apologises for weaknesses in fire-fighting effort

Greek Prime Minister noted that "our reactions, however, must not be blind. Any failures will be identified. And the responsibilities will be assigned whenever and wherever needed. The first issue, right now, is solutions".

10 Αυγ 2021 10:20

ENGLISH EDITION

Greece's rewewable energy market drawing large foreign players

The creation of a consortium with the aim of developing a portfolio of renewable energy projects in Greece was announced by CeroGeneration (Cero) and Wattcrop. Cero is owned by Macquarie's Green Investment Group portfolio that has invested about 30 billion euros in green projects.

24 Ιουλ 2021 06:08

ENGLISH EDITION

Restrictive measures in Mykonos hurt short term accomodation bookings

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.

23 Ιουλ 2021 08:56