Almost a third of Greek shipping loans come from Greek or Cypriot banks. In particular, according to the latest research by Petrofin Research, the total loan portfolio of Greek shipping…
The weighted average interest rate on new deposits remained unchanged at 0.53% in March 2024, while the corresponding rate on loans increased to 6.24%, the Bank of Greece said. The…
The Athens Stock Exchange is climbing to new 13-year highs on Wednesday, the first trading session after the Easter holidays, bridging the distance from the next threshold of 1,500 points.…
The Easter turnover, including travel, food and accommodation services, will be recorded by the Hellenic Statistical Authority (ELSTAT) in the monthly statistics of April and May, confirming the estimate that…
Global solar and wind energy installations have been on the rise in recent years as efforts for the so-called “green transition” are in full swing. Thus, for the first time,…
The tanker orderbook in relation to the active fleet has climbed to its highest level in five years, driven by a spectacular increase in newbuilding investment since the second half…
Representatives of domestic retail, industry and consulting companies pointed out to “Naftemporiki” the risks and challenges that may accompany the imminent implementation of a single harmonization framework. Rationalization The European…
The Revythoussa terminal is expected to have fewer cargoes in May than originally planned. As competent sources of the Administrator reported to “Naftemporiki”, May will ‘close’ with 2 loads compared…
A catalytic factor for the future of Europe is the production and processing of raw materials on European territory, the Association of Mining Companies pointed out in an open letter…
Greek shipowners play a leading role in the international transport of liquefied natural gas, investing in a market with particularly positive prospects. According to shipping brokerage sources which monitor the…
2024 will be the year of a complete return of global tourism and air transport to pre-pandemic levels, the president of the federation of travel agencies in Greece Fedhatta, Lysandros…
Successive multi-million-euro investments have been announced in the real estate sector over the last months, with new residential and tourist developments opening one after the other, from the northern suburbs…
MSCI is expected to announce its index review on Tuesday, May 14, 2024. In the MSCI Greece Standard Index, interest is now focused on ELPE’s share, as it seems to…
The improvement in the profit margin in the listed large construction groups combined with the high backlog contribute to the positive assessment for the course of the sector in the…
Listed companies, along with banks, saw a profit explosion in 2023, as they achieved net profits of 10.34 billion euros, up 12.8% compared to 2022. The listed companies achieved the…
Greece’s energy sector is in the spotlight amid strong activity by major energy groups, which are either “repositioning” themselves in the domestic market – through purchases or sales of assets…
As Giorgos Bassakos, an analyst in the sales department of the shipping brokerage HellasChart, stated to “Naftemporiki”, the massive rerouting of ships from the Cape of Good Hope to avoid…
More than 250,000 POS – cash register connections were implemented by the enterprises, meeting the goal set by the National Economy and Finance Ministry and the Independent Public Revenue Authority…
Aegean Airlines will distribute a dividend for the first time in four years for the financial year 2023. During the annual general meeting, the company’s chairman, Eftichis Vassilakis, said that…
Asia remains the largest importer of liquefied natural gas in the world. China, Japan and South Korea imported 44% of total trade in 2023. However, while these countries are among…
The construction of an underwater and terrestrial EMC (East To Med Data Corridor) data transmission cable system connecting Asia to Europe enters the construction phase following the recent signing of…
Greece’s economy remains resilient, according to the OECD’s six-monthly report (Economic Outlook). More specifically, it is expected to grow at a rate of 2% in 2024 and 2.5% in 2025…
“The safety of coastal shipping is our first priority,” Minister of Maritime Affairs and Insular Policy Christos Stylianidis said on Thursday after visiting the port of Piraeus and specifically the…
The gradual reduction of cash reserves, which amounted to 36.5 billion euros at the end of March, is included in the 2024-2025 Stability Programme submitted by the National Economy and…
Ellaktor owns 96.0684% of the total share capital and voting rights of Reds. Following the decisions of Ellaktor Group, an extraordinary general meeting of Reds was scheduled for May 22,…
Τhe Athens Stock Exchange stands at the highest levels of the last 13 years, amid a generalized buying euphoria, which is also reflected in the performance of more and more…
The Independent Authority for Public Revenue (AADE) has launched an electronic “war” against tax evasion, intensifying digital controls, with the aim of reducing the tax gap in income and VAT.…
The full Medium-term fiscal-structural plan covering the years 2025-2028 will be submitted, based on the new fiscal rules, in September 2024. According to the forecasts included in the programme, the…
Coca-Cola HBC AG said on Tuesday its net sales revenue, on an organic basis, rose 12.6 % in the first quarter of 2024, with continued progress of our 24/7 strategy.…
State Budget net revenues amounted to 16,823 million euros for the period of January-March 2024, showing an increase of 430 million euros or 2.6% against the target of the corresponding…
More specifically, Morningstar DBRS has assigned National Bank of Greece a Long-Term Issuer Rating of BBB (low), rendering the Bank the first to regain investment grade status after nearly 15…
GEK TERNA said its revenues amounted to 3,499.2 million euros in 2023 compared to 3,938.3 million euros in 2022, in line with the normalization of conditions in the energy market,…
Greece has the second lowest employment rate in the EU and at the same time the Greeks are in second place, among the European partners, with qualifications higher than those…
SKY express now has 27 aircraft – 17% more than in 2024 – while the company maintains the privilege of having the newest fleet in Greece with an average age…
Plaisio continues to extend the range of white appliances in its network of stores, claiming larger market shares in the sales of specific household appliances, which is one of the…
The Piraeus Port Organization is making significant changes to the composition of the Board of Directors by appointing a new President, Mr. LIN Ji, and a new CEO, Mr. SU…
Terna Energy announced a 10% increase in revenue and 8.3% rise in adjusted operating profitability in 2023, mainly as a result of the greater installed capacity due to the gradual…
Thrace Group announced its 2023 performance focusing on three business sectors (artificial fabrics, packaging solutions and agricultural sector), coverage of 25 markets, development network in 80 countries, recyclable materials, turnover…
Athens International Airport SA announced total revenues and other income increased by 15.3 million euros, or 15.3%, to 114.6 million euros in the first quarter of 2024 from 99.4 million…
The long-term planning of the Hellenic Gaming Commission (2023-2027) for the reform of the gambling market is based on five pillars, according to the Commission’s Activity Report (2023), which was…
Olive oil has become a luxury item in EU countries. In the last year its price has increased by 69% in Portugal, 67% in Greece and 63% in Spain, which…
US Ambassador to Greece George Tsunis said that he was impressed by the course of the Greek economy. “Greece’s best days are ahead,” he said in an interview with “Naftemporiki”…
The procedures for the sale of Minerva SA Edible Oils and Food Enterprises have begun and are expected to be concluded in the last quarter of the year. According to…
The development capital that was invested by March 31, 2024 out of the total estimated capital of 920 million dollars for the Skouries project amounted to 237 million dollars. In…
Safe Bulkers continues to invest in newly built bulk carriers. More specifically, the US-listed company has agreed with a Japanese shipyard to order one more bulk carrier, kamsarmax type (with…
Greek households paid increased taxes on wages and social security contributions during 2023, deviating even further from the OECD average. This was attributed to the fact that tax systems were…
Deposits placed by households and private non-profit institutions increased by 396 million euros in March 2024, compared with a decrease of 156 million euros in the previous month, according to…
Space Hellas’ 2024 strategy focuses on possible acquisitions of companies that will expand its products and services, investments in research and development to acquire know-how and create innovative solutions and…
At the same time, net borrowing was reduced by 17.2% from 2022 and 59.8% from 2020. The above figures make up the strong performance of the AVAX Group in 2023…
The aim of Mytilineos is to increase the marketability and “visibility” of the company’s stock in the international markets, to expand its investment base and to give further impetus to…
