Wind propulsion systems are steadily increasing their share in the marine market as industry battles to reduce its environmental footprint and meet ambitious decarbonization targets. Providers of this kind of…
Mytilineos submitted a request to the EU Innovation Fund for financing a project for bauxite, aluminum and gallium totaling 350 million euros, its CEO Evangelos Mytilineos said. In an interview…
There are all kinds of bankers, trying to do their job well. But others see the forest and others only the trees. Among those who not only see the “forest”,…
A difficult week, amid geopolitical tensions and increased uncertainty about the future of the global economy, is coming to an end. In Greece, all eyes are turned on Standard &…
The demand for houses in Elliniko remains strong with prices having risen by 15-20% compared to 10 months ago, the management of Lamda Development said. On the occasion of the…
Ellaktor said earnings before taxes, interest and depreciation (EBITDA) rose 46% to 242.2 million euros in 2023 compared to 2022, with an EBITDA margin of 63%. Profit before tax (PBT)…
The market for electrical and electronic goods is under pressure, according to GFK’s data for January-February 2024, as there are no purchase subsidy programs, which confirms that only subsidized consumption…
The Piraeus Port Authority (PPA) participated in the 1st “Logistics & Transports Expo”, held in Thessaloniki, with the participation of representatives of the road, rail and port transport sector and…
The prices of products in supermarkets remained almost unchanged in March 2024, showing a marginal increase of 0.28% on average compared to the corresponding month last year, according to a…
Through synergies with the other subsidiaries of the parent group Ahold Delhaize as well as through more tailor made actions for the Greek market, the company manages to shield its…
A familiarization trip (fam trip) to Greece for 37 senior executives of leading travel agencies from eight provinces of Eastern China (Yangze Delta) took place from April 6 to April…
Greece is expected to submit the request for subsidy from the Recovery Fund to the European Commission in May. Regarding the 5th request for loans and subsidies is expected to…
Greece ranks first in the world, as the largest ship management center, according to the latest annual report by Menon Economics and DNV. However, as a leading shipping center, our…
Tourism Minister Olga Kefalogianni referred to the financing of specific projects from the Recovery and Resilience Facility, and in particular to the Mediterranean Coastal and Maritime Tourism Observatory, to the…
Regarding developments in the Middle East, the unequivocal condemnation of Iran’s attack will be accompanied by urging all members of the European Council to do whatever in their power to…
The energy transition in practice was the focus of a discussion entitled “Energy Industry Insights: A discussion on Market Trends and Innovation”, at the Delphi Economic Forum, which attracted the…
The Independent Power Transmission Operator (IPTO) announced record investment and profitability in 2023. Capital expenditures amounted to 672 million euros, with the most emblematic projects being the progress on the…
Six months after the announcement of the Unicredit-Alpha Bank deal, the partnership has room to expand beyond the original plan. As Unicredit CEO Andrea Orcel said in a joint interview…
SKY express announced that its passenger traffic rose by 15% in the first quarter of 2024 compared to the corresponding quarter of 2023. The increase in domestic passenger traffic reached…
Mytilineos, through Protergia, in partnership with Powerledger (POWERLEDGER) is planning to introduce energy provenance tracking and tracing features in Greece. Based on the Powerledger platform, Mytilineos and Protergia’s consumers can…
The IMF “sees” signs of resilience of the Greek economy despite the risks posed by geopolitical tensions in Europe and the Middle East for Greece and the global economy. In…
War risk insurers are struggling to calculate exposure at any given moment in certain volatile areas. ‘It’s not the same thing to write war risks in times of peace compared…
The President of the Union of Greek Shipowners, Melina Travlou, welcomed the start of the proceedings of the international conference “Our Ocean 2024”. Travlou, institutionally representing the world’s shipping leader…
The development course of the ONEX Shipyards (Syros and Elefsis) over the last five years, the national success of the regeneration of the sector, which was considered by many to…
“Greece has to become part of the IMEC corridor between India and Europe,” said Samir Saran, President of the Observer Research Foundation (ORF), India’s premier think tank, headquartered in New…
The evolution of private consumption is a decisive factor for the performance of the Greek economy in 2024, as it has historically represented about 2/3 of the country’s Gross Domestic…
The energy sector is playing a leading role in market developments this year, supporting valuations and increasing the international impact of Greek listed companies. The recent deal between PPC and…
The Greek shipping sector is expanding year by year, now reaching the highest level of at least the last decade, both in the number of shipping offices and ship management…
“Critical decisions” is the title of the 8th Shipping Conference to be held by Naftemporiki on Wednesday, May 15, at the Stone Warehouse of the Piraeus Port Authority (PPA). Important…
The strategic importance of Greece’s maritime cluster is highlighted in the Bank of Greece’s (BoG) annual report. The Greek-owned fleet represents almost 1/6 of the world’s tonnage and a large…
«The green transition of shipping is a very large program with great costs for the entire industry and anyone who believes that it can be done painlessly and without significant…
This is Apl Detroit (built in 2014 with Singapore flag), 328.2 meters long and with a capacity of 9,326 TEUs, i.e. almost 40% more than what had been recorded to…
Greece is growing, but it is still lagging behind its European partners in terms of investment and income. More specifically, although the economy is currently growing at rates clearly faster…
The new fiscal rules are expected to be determined by the plenary session of the European Parliament on April 23, just a few days before it stops its work ahead…
The footprint of the tourism industry in the Greek economy is growing, according to the INSETE study, which shows that the direct contribution of tourism jumped to 28.5 billion euros…
The urban regeneration of Ellinikon, which is in full progress, but also the factors that drive the development course of the real estate market in Greece were highlighted by the…
Food prices kept inflation at high levels in March forcing the government and especially the development ministry to accelerate the planning and activation of the next price containment measures. As…
The intention of the Ministry of Environment and Energy to overcome bureaucracy in licensing in the mining industry was expressed by the Deputy Minister of Environment and Energy, Alexandra Sdoukou,…
The absence of the issue of competitiveness from the debate held ahead of the European elections was pointed out by the president of the Hellenic Federation of Enterprises (SEV), Dimitris…
The sale of Nova is at an early stage. Meanwhile, the company is continuing its investment program. According to sources, the head of BC Partners, Nikos Stathopoulos, informed the executives…
PPC Group and MYTILINEOS Energy & Metals signed a three-year strategic cooperation agreement for the development of a portfolio of 90 energy projects up to 2,000MW, in four countries. More…
The challenges and opportunities related to decarbonization and the “green transition of shipping” dominated the talks held among Minister of Maritime Affairs and Island Policy, Christos Stylianidis, government officials and…
Vernicos Scafi Tugs and Salvage Maritime Co. will strengthen its fleet with a second newly built tug. The tug, which will be built by Med Marine at the Turkish Eregli…
Greece’s great opportunities, comparative advantages and emblematic reforms were highlighted by the prime minister’s economic adviser, Alexis Patelis, at the 9th Delphi Economic Forum. Patelis cited the latest figures from…
“The green transition is necessary, and it will become a reality. What we need is a realistic plan that will take into account costs, security of supply, environmental footprint and…
The shipbuilding program of Greek shipowners is constantly growing. According to data from the shipping brokerage company Xclusiv Shipbrokers, one in five ships under construction by Greek shipowners is powered…
As its management noted following the release of 2023 financial results, the capital expenditures (CAPEX) for its entry into telecommunications reached approximately 25.8 million euros last year. This year, an…
The need to take measures to protect water in Greece was underlined during the Delphi Economic Forum IX. “Greece the only European country that increases water consumption” “Greece is the…
“Athens is the Silicon Valley of shipping,” Antonis Laimos, Vice-President of the Union of Greek Shipowners and President of Enesel, said in a dialogue with the editor of Lloyd’s List…
“The successive decline in food inflation from 8.3% in January to 6.7% in February and to 5.3% in March is undoubtedly a positive development and shows that the drastic measures…
