ENGLISH EDITION

ENGLISH EDITION

Million euro property investments prompt Patision St makeover

A major makeover is taking place at Patision street, one of the busiest streets in central Athens. Four new property investments (and possibly a fifth) are set to take place on the street with most located on the stretch between Omonia square and the Athens University of Economics and Business (AUEB).

13 Ιαν 2020 16:01

ENGLISH EDITION

New electricity interconnection plans in the Aegean and the Eastern Mediterranean on the table

"We are open to discuss proposals to combine the Israel - Cyprus - Greece project with other interconnections, either within Greece or with other countries of the Eastern Mediterranean," Deputy Environment and Energy Minister Gerassimos Thomas said to ANA.

12 Ιαν 2020 20:11

ENGLISH EDITION

Lamda Development says net profits up 13.5 pct in Jan-Sept 2019

Turnover of the company's shopping centers rose 2.5 pct compared with the same period in 2018, with average occupance reaching 99 pct. Net Loan to Value ratio was 38.1 pct, while the company's share price was 8.23 euros at the closing of December 31, 2019, up 53.4 pct from a year earlier.

11 Ιαν 2020 11:58

ENGLISH EDITION

Short-sellers suffer steep losses from Piraeus Bank share rally

Piraeus Bank was considered by many to be the weak link in the country's financial system, but the bank has managed to implement a plan that has gained the confidence of investors. In 2018, it reduced bad loans by a record amount, exceeding its five billion euro target, cut its reliance on emergency ELA funding, boost deposits by 10 percent and lowered operating costs by 7 percent.  

10 Ιαν 2020 12:30

ENGLISH EDITION

Eurobank offers big bonus to move staff to loan servicing unit

Officials at the bank tell Business Daily that the target is to allow workers to move to FPS on a purely voluntary basis as they take into account growth prospects offered by the new company and the benefits on hand.

09 Ιαν 2020 16:40

ENGLISH EDITION

BULGARTRANSGAZ buys 20 pct stake in GASTRADE

The Terminal comprises a floating LNG storage and regasification unit (FSRU) and a 28 km pipeline system. The LNG storage capacity of the FSRU will be up to 170,000 cubic metres and the maximum daily regasification capacity 22.7 million c.m.

09 Ιαν 2020 09:42

ENGLISH EDITION

Greek banks face major tests in 2020

In 2020, investors will judge the ability of banks to implement ambitious business plans that have been presented and whether they are enough to pave the way for a return to normal conditions for lenders. Twelve months ago, banks were under enormous pressure from many who doubted whether they will manage to get by without large share capital increases.

08 Ιαν 2020 12:42

ENGLISH EDITION

Interest rate spread unchanged in November

The average interest rate on consumer loans with a defined maturity at a floating rate increased by 40 basis points to 10.69%. The average interest rate on housing loans at a floating rate decreased by 7 basis points to 2.84%.

08 Ιαν 2020 08:13

ENGLISH EDITION

ING: Greek real estate to rank among Europe's best in 2020

In a report, ING said that price growth in Greece, France, and Italy will outperform levels seen in 2019. In Greece, the report said, "there was a clear turnaround in 2019 and we expect that the recovery will continue in 2020," with prices forecast to advance by nearly six percent.

07 Ιαν 2020 14:40

ENGLISH EDITION

PM Mitsotakis arrives in USA for 3-day visit, sends message to Turkey

Mitsotakis is in the United States for a three-day visit that includes a meeting with U.S. President Donald Trump at the White House on Tuesday. "I am certain that the strategic relationship between Greece and the U.S. will only grow stronger," Mitsotakis said.

06 Ιαν 2020 19:14

ENGLISH EDITION

US online market a great opportunity for small Greek specialty food exporters, report says

Although the American online market in food and drinks is still nascent, products classified as 'specialty foods' have seen a 24 pct increase in online sales in 2018, expected to double by 2022.

05 Ιαν 2020 11:54

ENGLISH EDITION

PM Mitsotakis' official schedule of his US visit, January 5-8

Greek Premier Kyriakos Mitsotakis will be accompanied by Foreign Affairs Minister Nikos Dendias and the Deputy Foreign Affairs Minister for Economic Diplomacy and Openness Kostas Fragogiannis, Minister of National Defense Nikos Panagiotopoulos, Minister of Development Adonis Georgiadis, Minister of Education Niki Kerameus and government spokesman Stelios Petsas.

04 Ιαν 2020 10:48