The Greek Deal.com
GREEK BUSINESS
The insurance market on a growth path in 2023
The insurance market is on a growth path in 2023, according to the annual statistical report "Private Insurance in Greece" by the Union of Insurance Companies of Greece.
Boughy IBT VOGT's portfolio of RES
International renewable energy development platform, ib vogt, has signed an agreement to sell its portfolio of Greek projects to Faria Renewables, a company backed by Omnes Capital's Capenergie 5 fund and the Faria Group.
Accelerating the development of its 4.2 billion euro link project with Egypt
Copelouzos Group is Copelouzos Group is accelerating the development of its 4.2 billion euro ($4.3 billion) energy link project with Egypt, seeking to reach a final investment decision next year and start in 2030, the executive in charge of the project told Bloomberg., seeking to reach a final investment decision next year and start in 2030, the executive in charge of the project told Bloomberg.
Singles out Eurobank and raises the target price for the stock
UBS upgrades its target price for Eurobank to €3 from €2.7 previously and maintains its buy recommendation while raising its earnings per share estimate, with a significant contribution to these estimates due to the full integration of Hellenic Bank.
Greek banks counter European competitors
Greek banks will show stronger growth than their European counterparts in 2025, driven by the increase in loans, according to BofA.
Action against Karonis - Viva Wallet with lawsuits in Greece and the United Kingdom
Two new lawsuits over its investment in Viva Wallet have been filed by JPMorgan Chase, Bloomberg reports.
Acquired a majority stake in Comergon
GrECo, an independent risk manager & insurance broker in Central & Eastern Europe (CEE), based in Vienna, Austria, announced the acquisition of a majority stake in Comergon, an independent insurance broker specializing in property & casualty and health & benefits corporate risks, with operations in Greece and Cyprus.
31.85 million passengers in 2024 - 13.1% increase
Athens International Airport "El. Venizelos Airport during December 2024, up 14.5% compared to December 2023.
Batteries for Business programme - What it provides
Applications for the "Batteries for Business" program to subsidise companies of all sizes to install batteries and increase their use of green energy to meet their electricity needs start today.
High on the trilateral agenda in Egypt - Strong investment interest
The meeting of Kyriakos Mitsotakis with the President of Egypt, Abdel Fattah al-Sisi, and the Cypriot President, Nicos Christodoulides, will focus on energy developments in the Mediterranean and particularly on the Greece-Egypt electricity interconnection project, known as GREGY.
51.14% stake in Reggeborgh after the call option
Reggeborgh's share of voting rights in Ellaktor will increase to 51.142% following the exercise of the call option.