Menu

National Bank examines strategic options for its activities in Romania

National Bank of Greece on Monday said that a decision by Romanian authorities to block the purchase of Banca Romaneasca by OTP Bank Romania was not affecting the business activity and operation of BROM.In an announcement, National Bank said BROM continued to focus on covering the needs of its customers, maintaining profitability levels and a...
Read more...

PPC to present significant profits in 2018, Panagiotakis says

Public Power Corporation (PPC) will present significant profits in 2018, its chairman and CEO Manolis Panagiotakis said on Friday. Speaking before a Parliamentary commission on production and trade, Panagiotakis said: “PPC, despite some liquidity problems experienced last year – which have been resolved- is a financially strong...
Read more...

Greek tobacco company SEKAP passes to Japan Tobacco ownership in group deal

SEKAP, the Greek Cooperative Tobacco Industry that was owned by Donskoy Tabak since 2013, will pass to Japanese ownership as part of a larger package deal worth around 1.6 billion dollars that was signed on Friday.Japan Tobacco Inc. (JT) announced that the Group’s purchase of Russian-based Donskoy Tabac, part of the Agrokom Group of...
Read more...

New air carrier Cyprus Airways to link Athens with Larnaca

Cyprus Airways, which is now a private air carrier from Cyprus based in Larnaca, will launch flights linking Athens with Larnaca, starting from March 29.According to Cyprus Airways’ PR and Marketing Manager Kiki Haida, the company will fly from Larnaca to Athens four times a week. The company aims to include more Greek destinations in its...
Read more...

Creta Farms completes debt settlement agreement with creditor banks

Creta Farms on Thursday announced the completion of a signing procedure of agreements with creditor banks on the restructuring of the company’s debt.In an announcement, the Group said the agreement covers loans signed with National Bank, Piraeus Bank, Eurobank, Alpha Bank and their subsidiaries (factoring & leasing) and includes the company’s...
Read more...

Aegean Airlines says profits up 87 pct in 2017

Aegean Airlines on Thursday announced an 87 pct jump in net profits to 60.4 million euros in 2017, with consolidated turnover rising 11 pct to 1.127 billion euros and EBITDA rising 56 pct to 120 millon euros. Net pre-tax earnings jumped 66 pct to 85.8 million euros while after tax earnings soared 87 pct to 60.4 million euros.The company’s board w...
Read more...

EgyptAir resumes Athens-Benghazi flights as of April 1

EgyptAir will resume flights from Athens to Benghazi, Libya as of April 1 with a stop-over at Cairo, it said on Thursday.Egypt’s national air carrier said there will initially be four flights a week, with plans to increase them to daily ones....
Read more...

Nine Greek startups to attend SXSW conference in Austin

The Hellenic Initiative, an organisation of Greeks of the diaspora, will sponsor for the fifth consecutive year Greece’s participation in the SXSW international innovation conference that will be held in Austin, Texas, from 9 to 18 March.Nine startups will be hosted at the Greek pavilion which will have the opportunity to showcase their...
Read more...

Fourlis Group says sales up 1.4 pct in 2017

Fourlis Group reported an 1.4 pct increase in 2017 sales to 434.1 million euros from 428.1 million in the previous year.Consolidated EBITDA rose 8.8 pct to 41.8 million euros, pre-tax earnings jumped 88.9 pct to 14.5 million euros and after tax and minorities earnings jumped 67 pct to 10 million euros in 2017.The IKEA business reported sales of...
Read more...
Subscribe to this RSS feed