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BUSINESS
BUSINESS
GEK Terna
Contribution of €4.8 billion to Greece's GDP
The substantial contribution of GEK TERNA Group to the national economy and the Greek society was once again highlighted through a study "Socio-Economic Impact Assessment (SEIA) for the period 2022-2023".
BUSINESS
BUSINESS
TRADE ESTATES
Preliminary agreement with Lamda Development for the Retail Park
Lamda Development and Trade Estate have signed the notarial contract for the sale of the retail park within the commercial hub for a total price of €31 million.
BUSINESS
BUSINESS
Ellaktor Group
Net profits of €54.2 million in 9M
Profit Before Taxes, Interest, Depreciation, and Amortization (EBITDA) recorded a 27% increase, reaching €147 million, with the EBITDA margin set at 52%.
BUSINESS
BUSINESS
GEKT TERNA
Net profits at € 88.8 million in 9M
At 3Q 2023 level, total revenues stood at € 925.0 million and adjusted EBITDA1 at € 146.1 million against € 1,300.4 million and € 186.7 million respectively in the previous year period
BUSINESS
BUSINESS
IPTO
Necessary to triple the transmission capacity of electricity between Greece and Italy
The challenges caused by the green transition and the climate crisis in the electricity systems of Greece and Italy were also discussed, as well as ways to deal with them.
BUSINESS
BUSINESS
GEK TERNA
Signing of the Sub-Concession Agreement for “Philippos II” Port for 40 years
The main activity of “Philippos II” port, is the handling of general cargo and bulk dry cargo.
ECONOMY
ECONOMY
NBG
New record for tourism in 2023, despite adverse conditions
According to the study by the National Bank, Greek tourism has already broken this year's record for arrivals in the summer of 2019 (16.9 million arrivals or +2% compared to 2019)
MARKETS
MARKETS
stock market
Marginal losses for general index - Focus on NBG
The banking index is slightly down by 0.07% at 1,058.7 points, the FTSE is experiencing a decline of 0.1% at 3,068 points
ECONOMY
ECONOMY
Costis Hatzidakis
Greece is expanding "Hercules" programme to reduce NPLs
The expanded Hercules programme, following an agreement reached with the European Commission, will have a guarantee offer ceiling of up to 2 billion euros and will last until December 31, 2024.
ECONOMY
ECONOMY
BoG
Apartment prices increased 11.9% in 9M
In the third quarter of 2023 the year-on-year rate of increase in prices was 11.6% for new apartments (up to 5 years old) and 12.2% for old apartments (over 5 years old).
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