Helpe Digital S.A., a 100% subsidiary of Hellenic Petroleum Holdings S.A., proceeded on Tuesday, August 30, 2022, to signing a loan agreement with Alpha Bank, for the financing of the digital transformation program of the Hellenic Petroleum Group, with the participation of the Recovery and Resilience Fund (RRF).
The financing will be carried out through the issuance of a joint bond loan of 33.4 million euros, with a duration of 15 years, with the participation of the RRF and Alpha Bank, and will cover 80% of the digital transformation investment program.
The digital transformation plan
The overall digital transformation investment plan of the HELPE Group, as approved and implemented since July 2020, concerns the following areas of activity:
- The Digital Enterprise, with individual areas of supply chain management, infrastructure maintenance, optimal energy management, digital operations and Refinery performance management,
- Digital Commerce, with a series of improvements in the functions of Commerce and foreign subsidiaries, as well as the introduction and development of a loyalty platform,
- Digital central services, which include projects in the areas of financial services and Group procurement, as well as
- Series of actions for the Digital modernization of the Group’s central systems (ERP) and the strengthening of Cyber Security.
Latest News
Foreign-Owned Businesses in Greece Thrive in Trade and Services
Despite government efforts to attract foreign investment, only 0.6% of all businesses across Greece are foreign-owned.
41st Athens Marathon- Traffic Regulations in Athens from Thursday to Sunday
Traffic regulations will be implemented gradually, starting from Thursday, as part of the 41st Athens Marathon.
Greek Households Most Pessimistic in Europe: IOBE Report
Over six in ten (65%) of households said that their financial situation worsened over the past year
JP Morgan Remains ‘Bullish’ on Greek Banks
JP Morgan reiterated its analysis of DTCs, prompted by Piraeus Bank’s plan to accelerate their amortization
Source of Wealth Declarations for Greek Public Officials Made Easier
Source of wealth declarations are designed to improve transparency and prevent corruption among Greece's public officials. Yet 98% of Greeks still believe corruption is widespread in the country, according to Eurobarometer.
Greece’s Labor Market Slack Among Highest in EU
Greece ranks 4th in EU for labor market slack, mostly due to high unemployment levels, and has widest gender gap in the EU.
Livestock Crisis Threatens Greek Feta
Feta in particular, is Greece’s primary dairy export, with 65% of production going abroad.
Moldova’s Sandu Wins Second Term amid Meddling Claims
According to the Central Election Commission, with 98% of votes counted, Maia Sandu led with 54.35% to Alexandr Stoianoglo’s 45.65%
Attica Wins ‘Best Greek Hospitality Region’ at 2024 Awards
The Greek Hospitality Awards, now in their tenth year, are one of the premier tourism industry events at the European level
Greece Takes Command of EU’s Operation ASPIDES in Red Sea
The defense minister also visited the Greek frigate Spetsai, which is participating in Operation ASPIDES, while in the port of Djibouti