ENGLISH EDITION

If we take the worst-case scenario for Terna Energy, the rejection of force majeure, then it is certain that it will hand over the keys of the SPV, abandoning this investment in Texas.

According to Business Daily, the new plan developed by the management of Piraeus Bank, in collaboration with specialized consultants, has received the green light from certified public accountants

The plan that is being promoted includes the construction of two luxury hotels and about 80 holiday homes, as well as other tourist facilities, such as a hotel marina.

By analyzing in depth the profile of debtors (when they stopped paying, how often they paid in the past, etc.) and details concerning the size and value of their property, PPC and Qualco categorized debtors into more than 50 groups, offering to each category specific solutions and strategies for debt repayment.

The pandemic has clearly affected the Spanish group’s business, with sales estimated to slightly exceed 2 billion euros this year, after declining by almost 25 percent in 2020 to 1.5 billion euros. In 2019, Puig's turnover hit 2 billion euros, reaching a record high, while profit after tax amounted to 226 million euros.

For 2021, the company has already launched a marketing campaign specifically for the Gen-Z generation, on Instagram, TikTok and YouTube, while leveraging recognized influencers.

The announcement of another tender, amounting to 110 million euros, for the construction of the Wastewater Treatment Center (KEL) and the Underwater Disposal Pipeline of the Rafina-Pikermi and Spata-Artemis municipalities is also days away.

In the coming weeks, the Ministry of Digital Government will launch the "WiFi4GR - Development of public wireless broadband internet access points" project which concerns the installation of infrastructure for Internet access in 2,500 parts of the country. However, ministry officials and market sources have expressed their concerns about the ability to speed up project tenders.

Μarket officials point out that interest in data centers has grown rapidly over the last five years and that they are now among the top picks for real estate investors looking for steady returns. As data centre migration is a highly complex process, tenants usually occupy the premise for a long period, generally for approximately 10+ years. Hence, the sector offers a long-term income stream and security, according to Saviils. 

Hellinikon is the largest urban regeneration project in Europe and has always been considered an extremely difficult and complex project that would require time and persistent efforts. The complexity of the project has been underestimated by the government, with several New Democracy officials having said in 2019 that it was a matter of weeks before it would start. In the end, it took more than a year for some preliminary work to be done, while construction work has yet to begin.