Non-Recovery Fund left projects EUR 4 billion
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Non-Recovery Fund left projects EUR 4 billion

Loading Text-to-Speech... Investment projects of around EUR 4 billion that were thought to have been secured through the Recovery Fund (TAA) remain on paper, but due to a lack of money they will not proceed. These are major energy projects, tourism and commercial projects or real estate by high capitalisation companies that, while they rushed to submit a full funding request up to [...]

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The rise and fall of «Marinopoulos»
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The rise and fall of «Marinopoulos»

The Marinopoulos family dominated the Greek retail trade and pharmaceutical industry for decades. It began in 1893 with a pharmacy in Solon, while in 1949 FAMAR was founded. In 1962 he opened the first supermarket in Kolonaki. Dimitris Marinopoulos was president of BSE in 1966-1970 and 1974-1978. The family brought to Greece Marks & Spencer (1990), Gap (2008) and Starbucks. In June 2016 the chain went bankrupt with debts of more than 1 billion euros due to overborrowing, incorrect handling and family disputes. The network passed to Slavenis, and recently lost Starbucks.

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