Greek lender Alpha Bank this week announced its intention to pursue a joint venture with an “international strategic partner” that will focus and invest in the domestic real estate market, a business proposals it bills as “Project Tomorrow”.
ATHEX-listed Alpha Bank said it has commenced a process to select such a strategic partner for the joint venture, which will be partnered with its listed subsidiary, Alpha Astika Akinita S.A.
Ostensibly, Alpha Bank will select from a corporate entity that will show an interest and pursue such a partnership.
Alpha Bank said the selected joint venture partner will acquire a controlling stake in the company and contribute its business plan, while Alpha Bank intends to retain a minority stake in the joint venture.
Latest News
Surge in Investment and Soaring Housing Prices Across Greece
Greek housing prices have climbed sharply, recovering to 2011 levels and edging closer to their 2007 peak.
Greek Kiosks are Dying Out
The iconic Greek kiosk is dying out, and the empty shells remain to remind us of an urban everyday life that no longer exists.
Property Website: Athens-Area Residences Sold Within 6 Months, on Average
Data presented by the platform also shows higher prices in first 3 quarters of 2024
Bank of Greece Hails Economic Progress but Warns Stronger Growth Needed
Today's Bank of Greece Interim Report on Monetary Policy depicts a healthy economy, but warns that stronger growth is needed to fully overcome the economic crisis
Greek Christmas Dinner Costs Surges in 2024
The estimated cost for this year’s Christmas dinner (serving 6-8 people) ranges from 107.54 euros to 148.89 euros
Attica Bank to Eliminate Fees on More Banking Transactions
Attica Bank emphasized that these changes reflect its commitment to providing competitive and high-quality services
Cash Still Reigns in Greece Despite Surge in Electronic Payments
However, the ECB has expressed its opposition regarding legislative efforts by member states to restrict cash usage as a means of combating tax evasion.
Minister: Tourism Revenues in Greece to Hit €22 Billion in 2024
Sustainable development, investments, new offerings, upgraded training at the core of Greece's tourism strategy.
Greece: Double Salary Increase in Private Sector Coming Next Year
Starting from Jan. 1, 2025, social security contributions will be reduced by one percentage point with the aim of easing the burden on both employers and employees.
Eurostat: Inflation in Greece Drops to 3% in Nov., Remains Above EU Average
Greece recorded a higher inflation rate than the EU average, ranking tenth among the countries with the highest inflation rates, for this year