Ekter's management expects the current financial year to end on a positive note, as the construction activity in Greece is growing. The Recovery Fund is also contributing in this direction by providing a boost to private and public projects. In this context, the company's backlog exceeds €127 million, which indicates a positive outlook. The only dissonance is interest rates, which are increasing the cost of loan servicing and financing, but the reductions that have been initiated are expected to smooth out this risk over time.  

NEGOTIATIONS AND PROJECTS FOR THE ENTIRE 2024

By the end of the year, the company expects to close the following fronts.

• In Athens, it is in the process of obtaining the permit for the construction of its new offices
• In Thessaloniki, it is in the process of selling its 50% stake in the property on Kolettis Street
• In Paros, it is launching the merger with the absorption of Energy Knot S.A. (owner of the 5* Summer Senses Hotel), in which it already holds a majority stake, with the aim of strengthening its fixed assets and the dynamic development of its activities in the tourism sector.
• The process for the licensing of the privately owned property of 328 hectares is still ongoing. of the company's 328 sqm property in Agios Ioannis Dettis, Paros, with the aim of developing a high-quality 5* hotel unit
• In Romania, the company completed the sale of the land it owned and is in the process of closing its subsidiary 

CONTRACTS IN PROGRESS

Apart from the above, the company has signed, among others, the following contracts in the first half of the year:

• Construction of a building for cellular and gene therapies at the Papanikolaou Hospital
• Restoration of the facades of the French Embassy in Athens Expansion of the infrastructure of the Institute of Mediterranean Studies in Rethymno and the Heraklion
• Renovation and extension of the ground floor at the Laiko Hospital 
• Building complex at the Stavros Niarchos Foundation
•  

DISPUTE WITH AVAX

It should also be noted that the company has exchanged out-of-court summonses with Avax. The reason? The termination of their cooperation by Avax for a number of projects that they had previously undertaken to implement jointly, including three hospitals and other building projects. Additionally, Avax's cooperation in the €442 million construction of three hospitals under the sponsorship of the Stavros Niarchos Foundation served as the catalyst. However, Avax is 'keeping the ball down' and will not comment on the dispute that has arisen.