Catch up on the most important events in Greece from the day before with To Vima English Edition's News Wrap-up
Predictions in the olive oil industry are ominous as production is low, prices are surging and a decrease in consumption looms ahead
This figure represents a 12.5% increase in revenues compared to the respective period in the previous year which also marked a record (€17.88 billion).
Autohellas Group on Friday announced that a public offering of a common bond loan was oversubscribed by 2.3 times, with the offered amount reaching 453.46 million euros. Two-hundred thousand common, registered, dematerialized, interest-bearings bonds with a duration of five years and a nominal value of €1,000 each were issued, with the offering available to institutional […]
However, in terms of percentage, the Regional Unit of the island of Ikaria was the standout performer, as it presented a remarkable increase in the cumulative turnover (accommodations and catering) in November by an astonishing 221.8%!
Real GDP in Greece is estimated to have increased by 2.3% in 2023, easing to 2.0% in 2024
As reported the most popular regions for British buyers are Crete, Kefalonia, and Corfu
The placement represents 5.6% of the company's total share capital
The Rating House says Mytilineos is supported by robust performances in the energy sector. The EBITDA is projected to be in the range of €900 million to €1 billion in 2023, up from €854 million in 2022.
The average sought-after rental price for properties in Greece recorded an 8.8% uptick in the 4th quarter of 2023
In this context, they emphasize that those who do not intend to explore their luck in alternative forms of savings/investment over the next two years and have surplus liquidity would do well to hurry and lock in their interest rates until 2026.
Book-building closed with a 6.25% coupon and a yield of 6.375%
The Fund, whose mission is to maximize the value of public assets by boosting the profitability of its subsidiaries and enhancing revenue and investments, said its net profits after taxes reached €67 billion, marking a massive 116% increase compared to 2021, the largest since its establishment in 2016.
The greatest percentage increase was recorded in olive oil, despite Greece being the third-largest producer worldwide
Greek PM will later meet with stakeholders on the sidelines of the WEF to promote the Greek economy
Reopening of the bond will have a fixed interest rate (GGB) of 3.875% with a maturity date of June 15, 2028
Analyzing data about businesses in Greece, the main risk they face is natural disasters, encompassing storms, floods, earthquakes, fires, and extreme weather phenomena.