By Eleni Bota Mytilineos was named temporary contractor for the Chalkida and Psachna bypass project, with a discount of 7.61%, with an initial budget of 125 million euros, further strengthening the Group’s Sustainable Development Projects sector. Mytileneos prevailed over AVAX which offered a 7% discount and AKTOR which offered a 5.4% discount. The construction of […]
Tag: constructions
The five major projects that will change the infrastructure map of Greece
Five major projects expected to change the country’s infrastructure map are already underway. These are breath-taking projects that, in addition to facilitating transport access, will facilitate freight transport, strengthen local communities and contribute to the country’s tourism development. 1. Line 4 of the Metro One of the biggest projects that will decongest many areas of […]
Britain: The biggest drop in two years was registered by the construction PMI
British construction firms recorded their biggest drop in activity in more than two years last month, as builders cut work and engineering firms faced a lack of new contracts. Britain’s July manufacturing PMI also showed some easing of inflationary pressures, but this is likely too late to sway the Bank of England, which is expected […]
IOBE: New decline in the economic climate index in July
The economic climate index in Greece fell in July and stood at 101.1 points, lower than the previous month (104.1 points), as well as compared to July 2021, according to the IOBE Economic Situation survey. At the European level, downward trends also prevailed, both in the EU and in the Eurozone. Business expectations fell mainly […]
IOBE: The development prospects of the construction sector in Greece are particularly positive
The particularly positive development prospects of the Construction sector in Greece, after a long period of contraction, is documented by a study by the Foundation for Economic and Industrial Research (IOBE), entitled “Development prospects and financing needs of the Construction sector”. The study was presented today at a Press Conference organized by the Public Works […]
Chinese manufacturer Shimao defaults on $1bn bond
Chinese manufacturing company Shimao Group Holdings Ltd. said it defaulted on a $1 billion bond due today, adding to a record year of offshore bond defaults in the sector, according to Bloomberg. The luxury builder said in a Hong Kong stock market filing that it has also defaulted on principal payments relating to some other […]
Germany – Ifo: Supply of materials on German construction sites has reached its highest level since 1991
The shortage of materials on German construction sites has reached its highest level since 1991. This is according to research by the Ifo Institute. “With the Russian invasion of Ukraine, the problems with the supply of building materials have drastically worsened. Material prices continue to rise as a result of shortages and higher energy costs. […]
Cost of materials and lack of manpower are the problems of manufacturers
of Eleni Botas Interventions in order to deal with the large increases in the cost of materials were requested yesterday by the Minister of Infrastructure and Transport K. Karamanlis by the heads of the five major construction groups. From the podium of the 5th Infrastructure and Transport Conference, the builders argued that the measures announced […]
Germany-IW: Industry and construction threatened with recession
High energy prices and uncertainties stemming from the conflict in Ukraine have worsened the business expectations of most companies for 2022. The construction and industrial sectors are particularly pessimistic about the future, according to new economic research from the Institut der deutschen Wirtschaft (IW). The service sector, on the other hand, is coming out of […]
Large investments are in the grip of inflation
By Eleni Botas Large investments in our country have entered the grip of inflation, with a large increase in costs and an extension of their completion time. As Capital.gr had written The explosive increase in energy costs has brought about a freeze on investments that had been launched in important sectors of real estate, while […]