Everything appears to be proceeding smoothly and insurer CNP Cyprus will soon be under the ownership of Hellenic Bank.
BUSINESS
The European Commission decided on Wednesday to refer Greece to the EU’s Court of Justice for not applying correctly the rules under the Late Payment Directive.
Highlighting and strengthening innovation and talent is one of the main strategic axes of IBM Greece.
The generous incentives provided in the US Inflation Reduction Act (IRA) is not lost on extroverted Greek businesses. Following the lead of other large European industrial companies, Cenergy Holdings and cement manufacturer Titan are giving their own “vote of confidence” to the US as an investment destination and the Biden administration’s $369 billion financial package to support the green transition, from which they will be supported with a total of more than $100 million.
Two prominent members of the Greek business community have announced their candidacy for the leadership of the Greek business federation SEV.
Dimitris Papalexopoulos, head of Greek business federation SEV, announced on Monday he will not be running for a third term at the helm of the group.
Fines totaling 1,480,000 euros were imposed by the Ministry of Development on 11 companies following audits carried out by the Interagency Market Control Unit (DIMEA) and the Consumer Protection Directorate.
AB Vassilopoulos is following up its ‘cohabitation’ deal with Holland & Barrett and Pepco, with agreements with food service chains.
After months of legal proceedings, the trial of troubled jewelry maker Folli Follie has entered its final stretch, as the defendants’ pleas have been completed and a date has been set for the prosecutor’s recommendation.
Aegean Airlines seeks to strengthen its footprint in new markets.
A student company hailing from Thessaloniki, northern Greece, has clinched the top prize in an international competition for young entrepreneurs with their creation of Wizzle, a 3D-printed puzzle game boasting medical and educational applications.
Alpha Bank chief executive officer Vassilis Psaltis pointed to further expansion and acquisitions in Romania.
After Microsoft and Digital Realty, France’s Data 4 is entering the Greek market of data centers.
Funds amounting to 4 billion euros have been allocated specifically for small and medium-sized enterprises, Alternate Minister of National Economy and Finance Nikos Papathanasis said on Friday at the Delphi Economic Forum.
Legal online gambling contributes €500 million in taxes while illegal gambling sites cost the state coffers the same sum in lost revenue, the Delphi Economic Forum has heard.
Greek and European authorities are investigating the possible extensive rigging of tenders in digital upgrading projects, mainly of the state, which are financed by the Recovery and Resilience Fund.
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