Investments of 500 billion euros will be required by Greece to zero out carbon dioxide emissions from Greek industries, in accordance with the objectives of the National Climate Plan.
Piraeus Bank CEO Christos Megalou said this while speaking at the Reuters Responsible Business Europe 2023 conference held in London, underlining that “this transition will have a clear positive macroeconomic impact for the economy.”
As he said, “the transition to a carbon-free economy that protects the environment and helps tackle climate change is feasible and economically viable.”
According to Mr. Megalou, “for this reason we have placed sustainability at the heart of Piraeus Bank’s business strategy”.
He noted that “Piraeus Bank has supported and supports sectors such as Renewable Energy Sources (RES), Energy Storage, Responsible Agriculture, etc., playing an essential role in the sustainable development of the Greek economy”.
When asked about the role played by banks in sustainability issues, Mr. Megalou pointed out that “it is a challenge for Piraeus Bank and other Greek banks to provide comprehensive support to Greek businesses for investments in clean technologies, through specialized financial tools and consulting services”.
Mr. Megalou explained that “our role requires us to enable Greek businesses to adapt to the new model of sustainable development and energy saving that will allow them to strengthen their competitiveness in the market, reduce their operating costs and enter into new innovative areas. At Piraeus Bank we are ready to continue to facilitate progress and support our customers in the green transition.”
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
PM Mitsotakis to Chair New Democracy’s Committee Meeting
Today’s meeting is seen as a crucial opportunity to halt internal disputes within ND and reaffirm unity within the party.
Trump Tariffs Jeopardize Growth: Piraeus Chamber of Commerce
The tariffs, aimed at reducing the U.S. trade deficit, are expected to have both direct and indirect effects on the European economy
EU Condemns Trump Tariffs, Prepares to Retaliate
As tensions escalate, the EU is expected to continue negotiations with Washington while preparing for potential economic retaliation.
The Likely Impact of Trump Tariffs on Europe and Greece
Trump tariffs are expected to negatively affect economic growth in the Eurozone while Greece's exports could take a hit.
Motor Oil Results for 2024: Adjusted EBITDA of 995 mln€; Proposed Dividend of 1.4€ Per Share
Adjusted EBITDA for 2024 was down 33% yoy. The adjusted profit after tax for 2024 stood at 504 million euros, a 43% decrease from the previous year
Cost of Living: Why Greece’s 3% Inflation Is Raising Alarm
Greece appears to be in a more difficult position when it comes to price hikes, just as we enter the era of Trump’s tariffs.
Fitch Ratings Upgrades the Four Greek Systemic Banks
NBG’s upgrade reflects the bank’s ongoing improvements in its credit profile, Fitch notes in its report, including strong profitability, a reduction in non-performing exposures (NPEs), and lower credit losses
Trump to Announce Sweeping New Tariffs Wednesday, Global Retaliation Expected
With Trump's announcement just hours away, markets, businesses, and foreign governments are bracing for the fallout of one of the most aggressive shifts in U.S. trade policy in decades.
Inflation in Greece at 3.1% in March, Eurostat Reports
Average inflation in the eurozone settled at 2.2%, compared to 2.3% in February
Greece’s Unemployment Rate Drops to 8.6% in February
Despite the overall decline, unemployment remains higher among women and young people.
