BUSINESS


Agreement on Elpedison split
BUSINESS

The clock is ticking for Elpedison, with the company’s shareholders (Helleniq Energy and Edison) seeking to close control negotiations by June at the latest so that any outcome can be ratified at the annual general meeting.


Mytilineos contemplates international stock exchange listing
ECONOMY

Athens-listed group Mytilineos is considering listing its shares on an international stock exchange, which could be the London Stock Exchange, within the next 12-18 months, taking into account its increasingly diversified and international geographic presence and aiming to increase the marketability of the shares for the benefit of investors.


US incentives luring Greek industries
ECONOMY

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.



Eleven companies face fines totaling €1,480,000
ECONOMY

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.


Troubled Folli Follie’s trial finally coming to a close
ECONOMY

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.