The Greek Deal.com
BUSINESS
Attica Bank - PANCRETA
Positive economic performance also in the first half of 2024
Attica Bank achieved strong performance, which confirms its recovery and sustainable growth path, in the first half of 2024, with a recurring operating profit (before provisions) of €17.4 million, compared to a profit of €4.5 million in the same period last year, according to the announcement.
Alter Ego Ventures
Investment company with €10 million capital from Alter Ego Media
Alter Ego Ventures, part of Alter Ego Media, has announced the launch of a €10 million investment vehicle to invest in technology-focused companies.
Independent Authority for Public Revenues
Mammoth €995,000 fine on manager of 199 undeclared Airbnb villas
The Dispute Resolution Directorate upheld the businessman's hefty fine of €995,000 euros after he took on the management of 199 opulent villas in Mykonos in 2022 and rejected his appeal in which he requested to have the fine canceled.
LOGISTICS
Surge of investments in the coming years
A "barrage" of investments are being launched in domestic freight transport and logistics, aiming at the country's emergence as a transit hub of South-Eastern Europe, combined with the strengthening of the competitiveness of the internal market due to the rise of e-commerce and courier services.S
LOANS
Greece has the highest rate of NPL's
According to the results of a recent Octane study on the Greek NPLs market, Greece still has the highest NPL rate in the European Union, at 3.3% compared to an average of 1.9% by Q2 2023.
NOVAL PROPERTY
Positive guidance for year 2024 and Investments in green properties
Noval Property's CEO, Panagiotis Kapetanakos, referred to the strong operating profitability during the analysts' briefing on the half-year results.
NOVA
Four possible buyers
The sale of Nova, a long-awaited deal that could alter the country's telecommunications landscape, was under consideration by United Group throughout the previous period, and due diligence was moving quickly.
ΒLEND DEVELOPMENT
Purchase of two new buildings in Athens - to be used as hotels
Blend Development expands its portfolio with the successful completion of the purchase of two buildings located at 74 Syngrou Avenue and 30 Pireos & Geraniou Streets.
GASTRADE
Five-year agreement with Venture Global for US LNG in Alexandroupolis
US liquefied natural gas (LNG) producer Venture Global has signed a five-year agreement with Gastrade to commit up to 1 million metric tonnes of LNG regasification capacity at the new Alexandroupolis terminal.
Hellenic Republic Asset Development Fund
67% of the port of Heraklion transferred to Grimaldi - Minoan Lines
The transfer of a majority stake of 67% of the share capital of Heraklion Port Authority S.A. (OLI S.A.) to the consortium consisting of Grimaldi Euromed and Minoan Lines, for a price of €80 million, has been completed.
Bank of Greece
€69.77 billion of loans managed by servicers
The nominal value of domestic private sector loans managed by servicers and transferred to specialized financial institutions abroad decreased by €277 million in the second quarter of 2024.