BUSINESS
Attica department stores
Attica department stores recorded a 10% increase in turnover, to €179.6 million, and a 15.7% increase in EBITDA, to €19.2 million, in the last ten months of the year, with the company's CEO, Demosthenes Boumis, expecting a similar picture in the last two months of the year, which last year accounted for approximately 25% of total sales.
29/11/24 • 08:29
HOTELS
An increase in demand of 2.2% was recorded in October for the first time after a five-month period with a negative sign in the occupancy rate of Athens hotels, compared to the corresponding month of 2023, thus setting a positive sign for the 10-month period of 2024 (+1.6%).
28/11/24 • 16:56
ΒΑΝΚ OF GREECE
Private sector deposits decreased by €2.258 billion in October 2024, compared to an increase of €2.324 billion in the previous month, according to Bank of Greece data.
28/11/24 • 14:22
Greek Banks
Deutsche Bank and Ambrosia Capital upgraded the target prices of the four systemic banks with a "buy" recommendation.
28/11/24 • 11:44
ENERGEAN
Energean reported strong growth in 9M2024, with daily production up 31% year-on-year to 156 thousand barrels of oil equivalent (kboed, 83% in gas) and earnings before interest, taxes, depreciation and amortisation (EBITDAX) of $894 million (+44%)
28/11/24 • 11:19
GEK Terna
Today the acquisition of 67% of Terna Energy by Masdar is completed, paving the way for the latter to proceed with a public offer. This is the largest business deal for Greece, worth €3.2 billion.
28/11/24 • 08:40
Association of Knitting-Ready Made Garment Enterprises of Greece
28/11/24 • 08:38
RAKUTEN VIBER
Rakuten Viber has announced the expansion of Business Accounts, a suite of free tools for small businesses in Greece that allows them to enrich their online presence and interaction with their customers.
28/11/24 • 08:35
SPACE HELLAS
Space Hellas has announced the issuance of a six-year €7 million bond issue to repay a loan from Attica Bank.
27/11/24 • 19:16
Independent Power Transmission Operator
The President and CEO of IPTO, Mr. Manos Manousakis, referred to the steps of cooperation leading to the rapid maturation of the new electricity interconnection between Greece and Saudi Arabia, Saudi Greek Interconnection, during his speech at the 13th Arab-Hellenic Economic Forum.
27/11/24 • 18:15
Bank of Greece
The asset value of insurance companies increased by €381 million euros in the third quarter of 2024 compared to the previous quarter and stood at €20.980 billion.
27/11/24 • 15:21
In Brief
Greek Banks
ENERGEAN
GEK Terna
Association of Knitting-Ready Made Garment Enterprises of Greece
RAKUTEN VIBER
SPACE HELLAS
Independent Power Transmission Operator
Bank of Greece