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71st OPAP Greek Derby in Markopoulo

71st OPAP Greek Derby in Markopoulo

The greatest horse race of the year, the 71st OPAP Greek Derby, to be held on July 5th, constitutes the most demanding challenge for three-year old thoroughbreds.

This is the case not only in Greece, but in all countries with a developed horseracing industry; the most popular derbies in the world are, without a doubt,

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Semeli to invest 1.5 mln euros to upgrade production, build luxury suites

Semeli to invest 1.5 mln euros to upgrade production, build luxury suites

Semeli announced an investment plan worth more than 1.5 million euros to upgrade production process and hospitality facilities in its winery unit in Nemea. The investment plan is expected to be completed in 2018.

Leonidas Nasiakos, managing director of the company, speaking to reporters during a news conference said

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National Bank to eliminate ELA funding in 2018, CEO says

National Bank to eliminate ELA funding in 2018, CEO says

National Bank expects to eliminate ELA funding some time in 2018, Leonidas Fragiadakis, the bank’s CEO told Reuters in an interview on Tuesday.

“We are on a trajectory that will eliminate ELA funding some time in 2018,” Fragiadakis said. “We are also confident that we will be profitable this year and meet our NPE (non-performing exposures) reduc

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Piraeus Bank Belgrade sells NPL portfolio

Piraeus Bank Belgrade sells NPL portfolio

Piraeus Bank Belgrade (PBB), a subsidiary of Piraeus Bank Group, on Wednesday announced an agreement to sell a non-performing loans’ portfolio of 47 local large and small/medium sized corporate customers, worth 43 million euros.

The agreement is part of a restructuring plan of the bank and needs approval by the

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Eurobank sell its equity stake in Grivalia Properties

Eurobank sell its equity stake in Grivalia Properties

Eurobank Ergasias SA (Eurobank) on Tuesday successfully completed a private placement to institutional investors for the sale of its equity stake of 20,252,001 shares in Grivalia Properties through a rapid book building procedure.

The transaction was made at a price of 8.80 euros per share. Eurobank said a total of

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J&P Avax signs contract with PPC

J&P Avax signs contract with PPC

J&P-Avax announced the signing of a contract worth 68 million euros with PPC SA for the study, supply and construction of an system to clear emissions in its V lignite unit of the power station in Aghios Dimitrios in Kozani.

Under the contract, J&P-Avax will supply equipment for a system to clear emissions

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Alpha Bank to offer 4.0 bln euros in new loans in 2017-2019

Alpha Bank to offer 4.0 bln euros in new loans in 2017-2019

Alpha Bank will support enterprises with new funds worth 4.0 billion euros in the period 2017-2019, Dimitrios Mantzounis, the bank’s CEO said addressing a general shareholders’ meeting last week.

He said that focus will be given to viable investment plans in the sectors of tourism, energy, infrastructure, etc.

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Piraeus Bank aims for return on assets of more than 1.0 pct

Piraeus Bank aims for return on assets of more than 1.0 pct

“Our aim is to become the bank with the biggest profits in Greece and to achieve return on assets of more than 1.0 pct, meaning profits of more than 700 million euros,” Christos Megalou, Piraeus Bank’s CEO said addressing a meeting of the bank’s executives last week.

Megalou said Piraeus Bank was robust and capital

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Crowe SOL to monitor implementation of Sklavenitis-Marinopoulos deal

Crowe SOL to monitor implementation of Sklavenitis-Marinopoulos deal

Greece’s competition watchdog on Monday appointed Crowe SOL SA as supervising executive in monitoring terms and conditions of a Sklavenitis-Marinopoulos merger deal.

A Competition Commission announcement said Crowe SOL wil monitor the implementation of all related terms and conditions by Sklavenitis Group in a deal to

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IDE signs 1.2-mln-euro contract with MAN

IDE signs 1.2-mln-euro contract with MAN

IDE (Intracom Defense Electronics) on Monday announced the signing of a contract worth 1.2 million euros with Rheinmetall MAN Military Vehicles for the supply of WiSPR intracommunication systems to be fitted on BOXER armoured vehicles.

IDE said delivery of WiSPR systems will be completed in 2018. BOXER is a new

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