Oil production in Prinos expected to hit record number in 2018

The oil production from Prinos deposit is expected to exceed 4,000 barrels daily and 1.5 million barrels at annual basis, breaking the last decade record, according to Energean group manager Mathios Rigas, the managing director for Greece Dimitris [...]

Eurobank, Alpha Bank finance Total Eren with 201.9 mln euros

Eurobank has concluded three bond loans of a total amount of 201.9 million euros to finance three of the TOTAL EREN Group companies in Greece operating wind and photovoltaic parks with a total power of 162.4 MW . According to an announcement, [...]

DEPA to build LNG bunkering vessel

The natural gas supplier DEPA is going to build a ship that will supply other vessels in Piraeus and other Greek ports with liquified natural gas (LNG). The project will be co-funded by the EU. According to DEPA, the vessel will be able to carry [...]

Moody’s changes Eurobank long-term deposits rating to positive from stable

The credit rating agency Moody’s on Tuesday announced that it is changing its rating for the long-term deposits of the Greek systemic bank Eurobank Ergasias to positive from stable, affirming them at Caa2. “The primary driver of [...]

ADMIE says nine-month profits up 20.9 pct

ADMIE on Tuesday said its nine-month net profits totaled 60 million euros, up 20.9 pct from the same period last year, while net borrowing fell by 51.8 pct to 112.9 million euros and EBITDA rose 1.4 pct to 140.1 million euros. ADMIE Holdings, [...]

Piraeus Bank announces new single pension scheme for its employees

Piraeus Bank on Friday announced it will offer a new, single group pension programme to its employees in the framework of a strategic plan to create a single working framework in the group. Under the new programme, to be implemented from January [...]

Ethniki Asfalistiki continues its positive course in the 9-month period

Ethniki Insurance continues its positive course in the 9-month period of 2018, recording an increase of 4.3% compared to the 9-month period of 2017. Profits prior to taxes for the same period amounted to €50.1 million, from €65.7 in the [...]

Vasilios Psaltis to take over as new Chief Executive Officer of Alpha Bank

Alpha Bank announced that Vassilios Psaltis, current Chief Financial Officer and managing director of the bank, will take over as new Chief Executive Officer after the departure of Dimitrios Mantzounis. The bank said the new CEO will take over [...]

National Bank Group reports profits in Jan-Sept

National Bank Group on Thursday said its profits from continuing operations after tax totaled 48 million euros in the January-September period, after losses of 103 million in the same period last year. Paul Mylonas, CEO, commenting on the results [...]

Energean Oil & Gas announces beginning of FPSO construction

Energean Oil and Gas plc, the London Premium Listed FTSE 250 and Tel Aviv Listed E&P company with operations offshore in Israel, Greece and the Adriatic, announced that first steel was cut on the Karish and Tanin floating production storage [...]