With exports and development of new concepts, the Venetis company, which completes 73 years of operation this year in the field of bakery, food service and confections, hopes to “soften” the wounds of the pandemic.
This year Venetis will manage to cover 1/3 of the losses of 2020 in the turnover and it is estimated that it will close at + 11%, to 40 million euros compared to last year, while the profits are projected to increase by 25%, to 2 million. However, the head of the group, Panagiotis Monemvasiotis, stressed that the turnover remains 16% lower than it had before the pandemic.
Concept for export
Veneti Great is the new venture of the Venetis company with the aim of growth in the foreign market. As Mr. Monemvasiotis noted, there are already pre-agreements for markets such as Great Britain, USA and Saudi Arabia which have gone on the backburner due to the pandemic.
Veneti Great on the ground floor of the former Bagion Hotel in Omonia operates as a multipurpose Shop in Shop that houses ten different dining concepts from the traditional souvlaki and gyros, cooked food, pasta and pizza, pastries, sweets, coffees and juices.
“Dark” kitchens
However, the project of dark kitchens will be implemented faster, ie there is no public dining area. It is available for ready meals (pizza and burgers) only through delivery and online orders. “Pizza Mia” and “Jackson’s Burger” are expected to launch in the next 2-3 months.
Jackson’s in Kolonaki to open at Easter
The company is promoting the opening of three new privately owned stores in Volos, Peristeri and Kifissia, while the new store at the former Jackson’s Hall in Milioni, Kolonaki, is expected to open by Easter.
In the building of Kolonaki, which is being completely renovated, there will be two spaces: a modern bakery on the ground floor and a bar on the first floor.
The famous Jackson Hall bar has been closed since 2013 and the property has been rented by Venetis since 2016.
Latest News
ELSTAT: 1.5% Increase in Business Turnover in May 2024
The most significant increase in turnover in May 2024 compared with May 2023 was recorded from the enterprises of the Accommodation and Food Service Activities, sector which grew by 14.8%.
Cosco: Container Traffic Decline at Piraeus Port Continues
This strategic shift has diminished Piraeus's standing as a prominent Mediterranean port and a key transshipment hub post-Suez Canal.
Gov’t Eyes Return of Power Subsidies Amid Spike in Rates
According to reports, the government will resume an electricity subsidization program, given that forecasts cite disruptions – i.e. higher rates
ELSTAT: 6.3% Increase in Output Price Index for Agriculture and Livestock
The 6.3% rise in May 2024 is largely driven by an 8.8% increase in the crop output group, particularly due to changes in olive oil prices, and a 0.5% increase in the animal output group.
Balkans Blackout Highlights Climate Threats to Power Grids
The surge in electricity demand during the heat wave and the power deficit in Balkan markets have driven up prices in the Greek wholesale electricity market.
Greece in Top 4 Destinations Favored by European Tourists
Greece was selected by 5.9% of respondents who were asked where they would vacation this year, up from 5.4% in the same survey last year
Scope Affirms Greece’s BBB- Ratings; Revises Outlook to Positive
The international ratings firm raised Greece to investment grade in early August 2023
First Seaplane Test Flights to Skopelos, Alonissos, Skyros
After decades of on-again, off-again efforts to schedule regular seaplane routes to Greece's numerous island and coastal destinations the prospect now appears within sight
ELSTAT- Overall Import Price Index for May 2024 up 2.8% y-o-y
The same price index had decreased 20.8% from May 2022 to May 2023
Over 7 in 10 Employees Feel Their Contributions Are Not Appreciated
Specifically, the option "Subjective opinions are prioritized over objective data" ranked highest in importance for young employees, with a score of 3.89 out of 4