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Friday, 15 March 2024

Elliniko – Second tower: Lamda collaborates with Brook Lane

The Lamda Development – Brook Lane (London-based investment capital) partnership for the development of the second tower in Elliniko goes forward. Ellinikon Hospitality Investments, a Lamda company, and Bincer Holdings,…

OPAP: Dynamic commercial plan and emphasis on the terrestrial and online network

2023 was overall a particularly successful year for OPAP, as the company strengthened its brand, offered innovative entertainment proposals to its customers and proceeded to reposition its traditional games, as…

ONEX-Attica: The signature for the first newbuild after 17 years at the end of May

The Elefsis shipyards will start operating as of May, while at the same time they are claiming the contract for the reconstruction of the four frigates MEKO of the Hellenic…

DBRS: Greek banks’ outlook remains positive

The prospects of the four systemic banks are described as positive in the new DBRS report on the Greek financial system, under the title “Greek Banks: Robust Performance in 2023…

Mytilineos: Brokers raise target-price amid positive prospects

Pantelakis raised the target price of MYTILINEOS’ share to 46 euros (from 41 euros) due to the company’s “strong organic progress”, maintaining the recommendation “overweight.” This move follows the decision…

Thursday, 14 March 2024

Intralot signs agreement with FanDuel to provide sports betting services to Washington D.C. Lottery

Intralot announced that it has signed a sub-contracting agreement with FanDuel, one of the leading providers of sports betting services in the US, and a related contract amendment with Washington,…

NielsenIQ: Supermarkets report double-digit growth on Greek islands

While the major urban centres in Athens and Thessaloniki accounted for more than 50% of sales volume and turnover, regional areas continued to show the strongest growth, amounting to double…

Stournaras: ECB must cut interest rate twice before summer break

ECB must cut rates twice before summer break, Bank of Greece (BoG) Yannis Stournaras said in an interview with Bloomberg. The European Central Bank must lower borrowing costs twice before…

Public: Investment of 10 million euros to expand the Public + home network

The goal is to create 10 new large “Public + home” stores within the next three years. The plan includes a complete renovation of 3 Public stores and their upgrade…

KEPE: The inflation of “banking greed”

Greece’s four systemic banks (National Bank, Piraeus Bank, Eurobank and Alpha Bank) have recorded an excessive accumulation of profits over the last two years, which “can be called inflation of…

Greece’s flour industry on a growth track

Greece’s flour industry is moving on an upward trajectory, according to ICAP CRIF forecasts presented by “Naftemporiki.” More specifically, the sector is expected to register an average annual growth rate…

Trade Estate: 4 new investments of 200 million euros

Trade Estate’s four investments with a budget of 200 million euros are maturing, while another two are under development, so that the value of its real estate portfolio will reach…

Sarantis: Stella Pack acquisition and the group’s product portfolio a strategic advantage

Sarantis Group focused on the acquisition of Stella Pack in Poland, one of the largest investment moves of the last years, as well as on the geographical distribution of the…

Wednesday, 13 March 2024

Greece’s four systemic banks to distribute dividends of 846 million euros

Greece’s four systemic banks are expected to distribute dividends of 846 million euros to their shareholders provided that the SSM will approve their plans. Some of them will also proceed…

Titan: Record earnings and sales in 2023

The US and European markets contributed more than 90% to Titan Group’s sales and profitability, as shown in 2023 and fourth-quarter results. Titan announced record sales for a third consecutive…

EU funds for Greek shipping sector

Greece holds discussions in order to raise funds, which will be used for the green transition of the coastal shipping fleet, Shipping and Island Policy Minister Christos Stylianidis said, adding…

Olympic Brewery continues its strategy focused on three pillars

Olympic Brewery maintains the strategy that focuses on three main points: growth in the cold market, strengthening of its portfolio as well as its leadership position in alcohol-free beers. The…

The promising future of the Greek cruise sector

The European Cruise Week started in Genoa, Italy, on March 11 and will last until March 14, with the participation of many Greek companies. According to the Hellenic Ports Association,…

Hatzidakis: Economic development as a tool to enhance social policy

Finance Minister Kostis Hatzidakis underlined that economic development and social cohesion are complementary goals on the sidelines of the Eurogroup and ECOFIN meetings, in Brussels, explaining that “the stronger and…

Aegean airlines to propose 0.75 euro dividend distribution

Aegean Airlines announced consolidated revenue of 1.69 billion euros in 2023, up 27% compared to 2022. In 2023, the Group offered 18,9 million seats, 3 million seats more than 2022…

Tuesday, 12 March 2024

Kri Kri “sees” a double-digit increase in its 2024 sales

The dairy industry Kri Kri “sees” a double-digit increase in its sales for 2024. According to its president and CEO, Panagiotis Tsinavos, a sales increase of 15% in volume and…

Georgakopoulos (Intrum): We are committed to providing high-level technology-based services

“We are committed to providing high-level technology-based services, with an emphasis on two areas: the use of Artificial Intelligence (AI) for digital collections and ‘participation’ in the customer’s activity from…

OTE examines spin-off of its activities related to the passive infrastructure

The Hellenic Telecommunications Organization (OTE) announced that, in the effort to increase and strengthen its overall value and dynamics, and following the successful spin-offs of the Customer Service, Shops and…

ManpowerGroup Survey: The industry with the strongest prospects

Greece’s hiring expectations seem moderate in the second quarter of 2024, with the overall employment outlook at 6%, according to ManpowerGroup’s latest employment survey. Based on the survey, the hiring…

Mylonas (NBG): A dividend of 25%-30% under consideration

The CEO of National Bank of Greece (NBG), Pavlos Mylonas, spoke about a dividend of 25%-30% during the presentation of the 2023 results. Mylonas explained that after the approval for…

G.S.C.C.: 50% increase in new orders

The Greek-owned fleet is steadily growing. According to the annual report of the Greek Shipping Cooperation Committee (G.S.C.C.), prepared by S&P Global Market Intelligence, the Greek-controlled fleet increased in terms…

Microsoft and GEK Terna join forces for the construction of first data center in Spata

The construction of Microsoft’s first data center in Spata, with a capacity of 19.2 MW, will begin in April. According to sources, the US giant has chosen GEK Terna as…

Beverage World: Higher revenue, larger market share in 2023

Beverage World recorded an increase in revenue in 2023 as well as an expansion of its market share dynamics. Maintaining the strategy of its “all around the clock” portfolio, the…

IPTO accelerates implementation of equipment renewal program

The Independent Electricity Transmission Operator (IPTO) has accelerated the implementation of the equipment renewal program in the context of the second cycle that ends in 2026, with a total budget…

Attica Bank Economic Review: Expectations for higher investments in 2024

International economic activity shows signs of stabilization following the turmoil caused in the last two years by the outbreaks of war in Ukraine and the Middle East, the energy cost…