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Lidl Hellas to invest 85-100 million euros in 2018

Lidl Hellas plans to invest around 85-100 million euros in 2018 to modernize its stores, open new ones and to install bake off sections throughout its network in Greece, Iakovos Andreanidis, head of Lidl Hellas said. Presenting the “1st [...]

Eurobank, Banca Transilvania negotiations almost finalised

Eurobank and Banca Transilvania have been pursuing exclusive negotiations as regards to the potential sale of Bancpost SA, ERB Retail Services IFN SA and ERB Leasing IFN S.A in Romania, Eurobank said on Friday. In an announcement, the bank said [...]

Hellenic Post seeks recovery through new activities

Hellenic Post has managed cut spending by 21 million euros in 2016, to complete the automation programme of all its branches around the country and to install POS to facilitate transactions, Froso Stavraki, chairman of Hellenic Post said on [...]

Eldorado Gold suspends operations at Skouries mine

Operations at the Skouries gold mine in northern Greece will be suspended, Canadian mining company Eldorado Gold said on Thursday, citing Greek government delays and other issues faced by its subsidiary in Greece, Hellas Gold. “Eldorado [...]

Qatar Airways to launch direct flights to Thessaloniki

Qatar Airways on Thursday announced the launch of direct flights to the northern Greek city of Thessaloniki, starting from March 27, 2018. The company will carry out four flights per week with an Airbus A320. Greece, said the airline’s [...]

OTE says adjusted group profit up 2.4 pct in Q3

OTE Group posted consolidated revenues of €991.2mn in Q3’17, down 0.7%. In Greece, revenues were down 0.5% to €735.8mn, reflecting higher revenues from mobile operations, primarily fueled by growth in data revenues and roaming, that were [...]

BriQ Properties: 640,000 euro net profit in 9-month

BriQ Properties said on Wednesday rental income for the nine-month period amounted to 1.412 million euros. Earnings Before Taxes (EBT) reached 799,000 euros and net profit amounted to 640,000 euros for the respective period. It is noted that [...]

Coca-Cola 3E to invest 8.0 mln euro in new Avra mineral water production line

Coca-Cola 3E on Wednesday announced an 8.0-million-euro investment in its Avra natural mineral water bottling plant in Aigio, western Peloponnese. The investment is for the addition of a new, ultra-modern production line for its products Avra [...]

Greece wins ‘Best Stand for Doing Business’ award at London’s WTM exhibition

Greece and the Greek National Tourism Organization (GNTO) won the “Best Stand for Doing Business” award at the 2017 World Travel Market (WTM) exhibition in London on Tuesday, for its large number of visitors and business contacts. The [...]

Hellenic Petroleum Renewables begins operation of three new photovoltaic parks

Hellenic Petroleum Renewables has launched the pilot operation of three new photovoltaic energy parks with a total capacity of 8.6 MW in Thessaloniki, Kavala and Aspropyrgos, earlier than originally scheduled. The projects were approved by a [...]