Finance

Attica Bank: Merger Process With Pancreta Commences

A relevant announcement said the merger with Pancreta is expected to be completed by mid September

Crete’s Heraklion Port Concession Deal Approved

Owner of Minoan Lines Grimaldi Group acquired a 67% share of the port for a total price of 80 million euros.

European Commission Approves Fourth 2.3 Billion Loan Payment to Greece Under RRF

The Commission's preliminary assessment of Greece's request, completed on June 14, 2024, was positive, reflecting Greece's successful implementation of its recovery and resilience plan.

Greece: New Draft Bill to Facilitate Property Transactions

Streamlined process envisioned in draft law aims to cut 'red tape' in real estate transactions, including parental transfers of property to offspring

Eurostat: Greece’s Airbnb Bookings Surge 28.7% in Q4 2023

Greece's growth in short-term bookings in Q4 2023 on platforms like Airbnb outpaced the EU average, recording a 28.7% increase compared to Q4 2022, higher than the EU's average growth of 22.7%

FinMin: Only One Investor Expressed Interest in Attica Bank

Economy and Finance Minister Kostis Hatzidakis added: If deal for Attica Bank, Pancreta Bank falls through then both institutions risk collapse

Eurobank CEO Karavias Announces Dividend after 16 Years

Eurobank CEO Fokion Karavias also revealed that a public offer to acquire 100% of Hellenic Bank on Cyprus is underway

Energean Advances Development of Katlan Gas Field in Israel

The Katlan project is expected to unlock additional value in Israeli waters, enhancing energy security and supporting sustainable development in both Israel and the wider region.

POSIDONIA EXCLUSIVE