The Greek Deal.com
BUSINESS
APIVITA
Double-digit growth in 2023
In 2023, Apivita expanded by 13.84% and raised profitability by 19%, sustaining its dominant position in Greece and attaining acceptable growth rates for international markets.
Greek Banks
On track for strong profitability - 38% increase in profits in first quarter of 2024
According to analysts, Greek banks were expected to surpass their full-year targets in 2024, demonstrating their strong profitability in the first quarter of the year.
HOTELS
With an average occupancy rate of 68,7% closed the first quarter in Athens
The Athens Hotel Association of Attica and Argosaronikos reports that hotels in Athens had an average occupancy rate of 68.7% at the end of the first quarter of 2024, down from 63.9% in 2023.
Skaramanga Shipyards
Miltiadis Varvitsiotis becomes the new CEO
Today saw the formation of the new Skaramagas Shipyards Board of Directors, which will oversee the operations of the former Hellenic Shipyards.
Aegean Airlines
17% growth in Revenue and improved EBIT in the seasonally weakest 1 st quarter
Aegean maintained its growth trajectory after achieving great success in 2023, adding even more capacity during the winter.
Independent Power Transmission Operator
Amendment of the regulatory decision to proceed with the electrical interconnection of Greece – Cyprus – Israel
Τhe need to amend the regulatory framework in order for the Greece-Cyprus-Israel electrical interconnection project to proceed smoothly, was underlined by the chairman and CEO of the Independent Power Transmission Operator (IPTO), Manos Manousakis.
Fourlis Group
New page after 75 years in the Greek and international market
At a press conference, The Fourlis Group unveiled its new corporate identity and future goals.
LAVIPHARM
Earnings before ΕΒΙΤDA increased by 15.9%
In the first quarter of 2024, Lavipharm Group's total earnings before interest, taxes, depreciation, and amortization (EBITDA) increased by 15.9% to €2.85 million from €2.46 million in the same period in 2023.
Eurobank
Denies interest in Bulgarian First Investment Bank
Eurobank Ergasias states that there is no truth to reports in the electronic press concerning the purported interest of the Eurobank Group in purchasing First Investment Bank ("FIB"), a bank located in Bulgaria.
Athens Stock Exchange
Volatility dominant, pressure on banks
Today, 23/5, is a tightrope walk for the Athens Stock Exchange as buyers and sellers battle for control of the bias. Volatility is still there following the recent surge to 1,500 points.
ENERGEAN
New gas field in Egypt
As part of its routine quarterly update to the London and Tel Aviv stock exchanges, Energean announced the sixth natural gas discovery in the Eastern Mediterranean, this time in Egypt, today, Thursday, May 23.