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Singapore invests in Sani/Ikos

Singapore invests in Sani/Ikos Greek hotel group Sani/Ikos has secured the entry into its equity capital of one of the largest international institutional investors, Singaporean sovereign wealth fund GIC. For the transaction, which concerns the planned seven-year divestment by Oaktree, Goldman Sachs Asset Management, Moonstone, Florac and Hermes GPE, the Sani/Ikos group was valued at […]

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EU funds for Cyprus army solar panels

EU funds for Cyprus army solar panels The Cyprus Ministry of Defense has secured 19 million euros in European Union structural funds, and in particular the Thalia Program, to bankroll the installation of photovoltaic systems in National Guard camps, as part of its environmental and energy policy, pointing out that it is one of the largest […]

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Greece gets exemptions in gas agreement

Greece gets exemptions in gas agreement Greece secured two important exemptions in the agreement on gas consumption cuts approved on Tuesday during an extraordinary meeting of the EU Council of Energy Ministers.  These deviations do not eliminate the negative consequences of the agreement on Greece’s energy system and economy, but they do limit them significantly […]

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Funding announced for recycling and waste management units

Funding announced for recycling and waste management units Greece has secured 600 million euros for the creation of recycling and waste management units, government spokesperson Giannis Oikonomou said in a post on Twitter on Thursday. “Our country has secured €600 million from the European Union via new NSRF 2021-27 for the creation of modern recycling […]

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Greece taps bond markets for another €400 million

Greece taps bond markets for another €400 million Greece secured reduced interest rates for its 15- and 20-year bonds it reopened on Monday, eventually raising 400 million euros. The Public Debt Management Agency announced it drew €250 million from the 15-year bond that matures on January 30, 2037 at a rate of 3.51%, against an […]

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Greece to make next payment to Gazprom end May, gas supplies secured

Greece to make next payment to Gazprom end May, gas supplies secured Greece’s energy supplies are secured and the country will make the next payment to Russian gas producer Gazprom at the end of May, the office of Greek Prime Minister Kyriakos Mitsotakis said on Wednesday. The next payment to Gazprom will take place “in […]

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Fiscal space for more support

Fiscal space for more support The government has secured more fiscal space for support measures against energy and commodity price hikes thanks to the better-than-expected data on the 2021 budget deficit announced by Eurostat on Thursday. The measures will also be funded by the expected revenues from emissions charges and the renewable energy source account. […]

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EU funding secured for R&D in Greece

EU funding secured for R&D in Greece Deputy Development and Investment Minister Christos Dimas on Sunday announced that his ministry’s General Secretariat for Research and Innovation managed to secure funding in the areas of basic and applied research, reforms for investments in research and development, as well as the upgrading and expansion of the infrastructure […]

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Diana Shipping secured a fare for her ship four times higher than the previous one

Diana Shipping secured a fare for her ship four times higher than the previous one Diana Shipping Inc, the NYSE-listed shipping company of the Palios family, secured a fare four times higher than the previous one. The ship’s charter, which is expected to generate approximately US $ 5.04 million gross revenue for the minimum scheduled […]

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Gefyra to last till end-2021

Gefyra to last till end-2021 The subsidy of loans secured against the borrower’s main residence, provided through the Finance Ministry’s “Gefyra 1” program, has been extended by another three months, but reduced to about half of the original amount. The Gefyra 1 program subsidizes nine monthly tranches payable by over 74,000 borrowers hurt by the […]

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Patrounias wins gold in Doha, qualifies for Tokyo Olympics

Patrounias wins gold in Doha, qualifies for Tokyo Olympics Lefteris Petrounias secured his place at the Tokyo Olympics later this year after winning gold at the rings at the Doha gymnastics World Cup on Friday. The Greek gymnast secured a massive 15,500 — he had to score at least 15,334 to qualify.  He was followed […]

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Temporary solution for mortgage holders

Temporary solution for mortgage holders Vulnerable households with a loan secured against their primary residence should as of July 1 have the chance to log on to a special online platform and declare their intention to join the Property Purchase and Leaseback Entity in order to to save their home, according to a proposal by […]

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