Retailer shop chain Public plans to invest 50 million euros up until 2012 in opening new stores in Greece and abroad, the company announced yesterday.
The retailer, whose product range among other includes books, computers and games, will pour 10 million euros this year into five new stores that will create 150 job positions, according to [...]
The Finance Ministry announced that it will sell its stake in the Hellenic Casino Corfu, also known as the Casino Achilleion, to a joint venture between Theros International Gaming and Vivere Entertainment Commercial and Holdings for 7.65 million euros.
A joint venture between Vivere Entertainment SA, the operator of Casino Xanthi in Xanthi town, and Theros [...]
Coca-Cola Hellenic Bottling Company SA, the world’s second largest bottler of the Coca-Cola brand, announced it has entered into a long-term agreement with Campbell Soup Company for the distribution of “Campbell’s Domashnaya Klassika” [Campbell's Home Classics] concentrated broth and other soup products in Russia.
Under the terms of the agreement, Campbell will be responsible for consumer and [...]
Cyprus’ largest lender, The Bank of Cyprus, expects 2009 net profit to drop to between 300 million euros ($409.4 million) and 400 million euros, Chairman Theodoros Aristodemou said during the bank’s annual general meeting.
Theodoros Aristodemou told shareholders it was difficult to give precise estimates for 2009 in the present financial environment. “An indicative range [...]
Self-service gas stations and automated petrol pumps offering fuel around the clock are likely to be introduced to the Greek market soon.
According to a Development Ministry announcement, gas stations will be allowed to operate self-service and automated petrol pumps in Greece. The Ministry said in a statement yesterday the move will help boost competition in the sector, [...]
Tourism professionals have requested the intervention of the Bank of Greece to encourage commercial banks to provide them with greater support.
The President of the Association of Hellenic Tourist Enterprises (SETE), Nikos Angelopoulos, told Bank of Greece’s Governor Giorgos Provopoulos that Greek tourism companies are in dire straits due to banks’ attitudes toward them.
“We will be happy [...]
The global crisis will have a negative impact on Greek exports, particularly on certain key outward-looking sectors, according to the Export Research Center of the Panhellenic Exporters’ Association.
Worst hit will be branches related to industrial production, such as nonferrous metals, to construction materials, such as cement, to products whose demand depends primarily on income levels, [...]
