The Greek Deal.com
BUSINESS
Aegean Airlines
The new technical base is operational
Aegean opened yesterday, in an "unofficial first," the doors of its new technical base and its simulator and crew training centre.
UBS
Up to 56% upside potential for Greek banks
UBS sees a significant rise in Greek bank shares, while UBS says that capital distributions to shareholders may exceed management forecasts.
PEPSICO HELLAS
On a steady upward trajectory with an increase in sales of 18.45%
PepsiCo Hellas announced its financial results for the 12 months to 2023, which consistently show its strong performance in Greece.
GEK Terna - MYTILINEOS
Undertake irrigation PPPs in Larissa and Karditsa
GEK TERNA and Mytilineos take over the irrigation PPP in Larissa and Karditsa with a total budget of €131,2 million.
CHITOS SA
Turnover approached €100 million in 2023
Chitos SA, a member of the Green Beverages Group, announced a turnover amounted to €98.2 million, an increase of 24% compared to 2022.
DS Smith Hellas
Investment of €17.6 million in the Corinth plant
DS Smith Hellas, a leading supplier of sustainable paper-based packaging solutions in Greece, announced the completion of the upgrade of its industrial plant in Corinthos.
RETAIL
6.6% increase in turnover in July
Turnover in the country's retail trade businesses, which are required to keep double-entry books and for which data are available on a monthly basis, increased by 6.6% in July this year and amounted to €4.25 billion compared to €3.99 billion in July 2023.
Tourism
Overnight stays up 2.3% and 2.9% in July
A slight increase was recorded in arrivals and overnight stays according to the provisional monthly data on the traffic of hotel, camping and collective accommodation of short stay (rooms to let) for the reference month of July 2024.
National Bank of Greece
10% in the placement - The State retains 5% - 8%
BNB Daily reports that JP Morgan showed increased interest in the sale of the National Bank of Greece shares from HFSF yesterday.
Hellenic Republic Asset Development Fund
Attiki Odos is handed over to GEK Terna on 6 October
On Sunday, October 6, 2024, the Greek State will hand over the Attiki Odos motorway to the new concessionaire (New Attiki Odos S.A.), as announced today by the Ministries of Economy and Finance and Infrastructure and Transport.
Greek Banks
Red loans in Greece at 4.10% from 5.7% a year ago
Greek banks have once again emerged as "champions" in the Eurozone in terms of interest rate spreads and red loans, as the latest data released today by the European Central Bank show.