Finance

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

Catch up on the most important events in Greece from the day before with To Vima English Edition's News Wrap-up

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.

The bank cautions anyone expecting to acquire positions in Greece at low prices may be disappointed, as strong investment demand is evident, particularly in the demand for Greek assets.

The Capital Economics report predicts the Eurozone’s GDP will contract in the 4th quarter of 2024 with the bloc’s economy gradually experiencing a slight recovery as interest rates fall and real incomes rise

Across the European Union, annual inflation reached 3.4% in December 2023, rising from 3.1% in November marking a significant decrease from the 10.4% recorded one year earlier

Tourism flows and Greeks' "social drinking" habits led to robust results in 2023, which are expected to continue in 2024

In 2023, the 14 airports managed by Fraport Greece recorded 26,535,378 international arrivals compared to 24,920,400 in 2022 and 23,247,951 in 2019.

Hatzidakis proposed energy interconnection between Europe and eastern Mediterranean countries like Egypt and Israel, adding that apart from strengthening energy security and stability in the region this would also serve the EU’s geopolitical interests.

However, the Commission warned about the need for balance, emphasizing that substantial wage hikes, without parallel productivity gains, could adversely impact competitiveness across Europe

The tender will be for projects of around 200MW that are at a mature phase and have already received connection rights to the grid

A five-liter can rose, on average, from 58 euros to 65 euros over the same period.

Net tax revenues including rebates recorded an increase of €337 million for the twelve months, exceeding the set targets. This rise was mainly attributed to the revenues in November but was offset by an increase in payments by the Public Investment Program by €362 million compared to the targets.