BUSINESS


Latsis enters Trade Estates
BUSINESS

Latsco Family Office, the investment vehicle of the Latsis family led by Marianna Latsi, has made a strategic investment in Trade Estates REIC of the Fourlis Group.


TUI points to increase in winter bookings
ECONOMY

Travel group TUI on Tuesday confirmed its full-year results were on track to “increase substantially,” citing a strong summer and an increase in winter bookings, easing investor concerns about the impact of extreme weather.

Hotel rate hikes appear minor
TOURISM

Greek hoteliers and major foreign tour operators are signing contracts for 2024 holiday packages with low, single-digit price increases


Greek-French deal on space technology inked
ECONOMY

French company Promethee and Greek company Terra Spatium, both of which are engaged in space technology with applications for better responses to natural disasters and strengthening of space assets, signed a strategic cooperation agreement on Friday at the French Embassy in the presence of Maximos Senetakis, the deputy minister of development.

Mytilineos lands major UK project
BUSINESS

Athens-listed Mytilineos has secured a share in the implementation of one of the most complex and emblematic power interconnection projects in Europe.

Aluminium deals delayed in Europe by cautious buyers amid weak demand
ECONOMY

Greece’s Alumil, a maker of aluminium windows and other industrial products, has been warned by some of its customers that orders may decline by 25%-30% for the first half of next year. But the family-owned company is also benefiting from the weak demand environment when it goes on the market to buy billets, said Alumil’s Procurement Manager Sotiris Voulgarakis.




Restructuring Hellenic Post
BUSINESS

Several steps have been taken to restructure Hellenic Post (ELTA), the oldest state-owned company, founded in 1828.