ENGLISH EDITION

ENGLISH EDITION

Greece prepares groundwork for offshore windparks

According to the vice president of the Hellenic Wind Energy Association, Socrates Konstandinidis, large investments need to be promoted in the field of wind energy. The inclusion of offshore wind parks in the country's energy plans is positive, he said, adding that the regulatory framework must be improved with an emphasis on how they will be included in the market and compensated for their services.

09 Δεκ 2019 12:50

ENGLISH EDITION

Government's new benefits policy for families, young couples and children includes easing fostering, adoption

These measures also seek to strengthen the social inclusion of children through universal access to nursery services and to also achieve the widest possible integration of parents into the labor market.

09 Δεκ 2019 07:38

ENGLISH EDITION

Primary residence protection on outstanding loans extended by four months to April 2020

The extension gives debtors an additional four months on top of the previous government’s December 31 deadline.

07 Δεκ 2019 23:59

ENGLISH EDITION

Large energy privatisations lined up for 2020

Greece's energy deals will feature heavily in next year's privatization program, along with the sale of a stake in the Athens International Airport and progress on Hellinikon, drawing strong interest from Greek and foreign investors. Deals on four important energy projects are seen reshaping the country's business map as the large amounts of capital involved are likely to draw big players from abroad.

06 Δεκ 2019 15:59

ENGLISH EDITION

Greek banks should take precautionary measures ahead of next stress tests round, BoG says

The central bank noted that in order to strengthen financial stability an holistic solution to deal with the non-performing loans problem was needed and warned that "unless there is a turnaround of the existing situation, banks’ profits will not be easily changed given the limited room of cutting operating cost."

06 Δεκ 2019 09:14

ENGLISH EDITION

PPC's shift to green energy draws investors

A shift by Greece's Public Power Company (PPC) away from coal-powered electricity to renewable energy sources has drawn strong interest from investors and sent its share to a 52-week high on the Athens bourse. The state-controlled company is working on a new operational plan centering on green energy.

05 Δεκ 2019 12:04

ENGLISH EDITION

Syros island's shipyard inaugurated under new ownership, New York-based ONEX

Greek-American businessman Panos Xenokostas, Onex Shipyards LLC Founder, said he was happy to complete "a difficult transfer of ownership which took time and laborious procedures". Onex plans to invest another 12 million euros to upgrade the shipyard by the end of 2021.

05 Δεκ 2019 09:18

ENGLISH EDITION

Ellaktor: Road concessions revenues rise sharply

According to figures presented by construction group Ellaktor ahead of its 600 million euro bond issue, the increase in daily traffic on motorways, in which the company holds a stake in, has reached as high as 52 percent. Τhe number of vehicles using Olympia Odos has risen to 141,000 per day from 93,000 in 2016.

04 Δεκ 2019 15:03

ENGLISH EDITION

Economic policy already yielding results, Greek FinMin says

Addressing the 30th Greek Economic Summit organised by the American-Hellenic Chamber of Commerce, Staikouras said the Greek economy will grow by 2.0 pct this year and by 2.8 pct in 2020.

04 Δεκ 2019 07:38

ENGLISH EDITION

Greece's 44 bln euro green revolution and the challenges ahead

Βy 2030, 82,000 electricity-powered cars need to hit Greece's streets, when the figure in 2018 reached just 315. Also, by the end of the next decade, Greece needs to offer 7 GW of wind power, versus 3.6 GW currently, in order to meet ambitious goals set out in its National Plan for Energy and the Environment (ESEK). 

03 Δεκ 2019 13:47

ENGLISH EDITION

Public and MediaMarkt create largest omnichannel retailer in Greece and Cyprus

In an announcement, the two companies said their vision was to create a pioneer model of retail commerce that will form the retailer of tomorrow. In this new era, the goal will be the constant improvement of consumer’s life inside and outside his home.

03 Δεκ 2019 07:38

ENGLISH EDITION

Explosive growth for hotel investments in Greece

Estimates show that investments in Greek hotels and the broader tourism sector over the next five years will reach 9 to 10 billion euros, of which 7 billion euros will be funded by local banks through loans. These investments come after new hotel units were recently built in Athens, Thessaloniki and other popular parts of the country.

02 Δεκ 2019 13:02