Home > News & Press Releases

News & Press Releases

Bank of Greece reports 7.7% rise in Greek housing prices 23 October 2019

<p>Following a period of eight years where Greek housing prices have been falling, improving economic conditions have led to a significant rise in apartment prices for 2019.</p> <p>Apartment prices in Greece have increased on average by 7.7% in the second quarter of 2019 in comparison to the second quarter of 2018.</p> <p>In...

Read More
Crete Natural Gas Seismic Research
Early seismic data suggests large gas deposits south of Crete 15 October 2019

Following seismic research conducted by the Hellenic Petroleum (HELPE), Greece’s largest oil refiner, significant evidence has been reported of the possibility of a large natural gas reserve south of Crete. Regional seismic data indicates that the area could contain natural gas deposits measuring 280 billion cubic metres.

Read More
Ten tourism companies complete Tactical Sales & Online Marketing Training in Larnaca 12 October 2019

Ten tourism companies completed the two-day Tactical Sales Initiatives & Online Marketing training course held in Larnaca on 8-9 October 2019.

Read More
Net losses signify the end of the lignite era in Greece 02 October 2019

Lignite coal is one of Greece’s most important power generation feedstocks. In 2015, it accounted for 23.4% of national primary energy supply, and is the largest indigenous conventional energy source according to Euracoal. According to third-party analysis, however, Greece lost EUR€ 683 million over the past three years from lignite-fired electricity production.

Read More
Louis Group sells 5 Greek hotels to Blackstone 24 September 2019

On Friday, 20 September, the Louis Hotels Group of Cyprus announced the sale of five Greek hotels to the Blackstone Group. The total value of this sale is reported at €178.6 mln. Louis Hotels operates 26 hotels and resorts in Greece and Cyprus.

Read More