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Wednesday, 30 April 2025

PPA reports strong growth in profitability and operations in Q1 2025

Piraeus Port Authority (PPA)’s profits showed significant improvement in the first quarter of 2025, compared to the first quarter of 2024, while the company’s operating sectors also recorded positive results,…

Greece assumes the Presidency of the UN Security Council

Greece will assume the Presidency of the United Nations Security Council (UN) for one month starting on May 1, 2025. According to “Naftemporiki” sources, on May 20, 2025, a central…

Escape clause triggers additional 500-600 million euros for allowances

Greece has submitted a request to activate the escape clause for defense spending, launching the process of calculating the fiscal space that the country will have at its disposal in…

Escape Clause: Awaiting the EU’s verdict

Greece made the move and requested the activation of the national escape clause to exempt defense spending from future fiscal calculations. It is now up to the Commission to evaluate…

Clothing and textile sector show positive signs in the first two months

A slightly better performance was recorded in the clothing-textile chain in the first two months of 2025, according to data from the Hellenic Fashion Industry Association (SEPEE). Production, retail sales…

Flag hopping at record levels

Lloyd’s List Intelligence has recorded a sharp rise in “flag hopping” — the practice of frequently changing a ship’s registry to evade sanctions. This trend follows the explosive growth of…

Aktor Group fast-tracks 2.0-billion-euro acquisition strategy

Aktor Group showed improved performance in 2024, while it is expected to announce the completion of due diligence checks for the acquisition of Aktor Concessions by Ellaktor on Wednesday as…

Gerogiannis: Positive forecasts for the summer – Aegean offers 21.5 million seats in 2025

“Greece continues to be a particularly attractive destination, with demand maintaining its momentum,” AEGEAN CEO Dimitris Gerogiannis stressed, among other things, at the general meeting, while noting that the forecasts…

IRIS: Direct payments without commission in all physical and online stores as of Nov 1

A significant change in the field of digital payments is coming for consumers with free, instant and secure transactions. In a meeting between the Minister of National Economy and Finance…

Listed companies see huge profits: The messages from the annual results

The cumulative profitability of the listed companies on the Stock Exchange in 2024 is on track to converge or even exceed the performance of 2023 (10.5 billion euros). More specifically,…

Stournaras: Greece to face limited impact from US tariffs – New interest rate cut by ECB

The impact of the US tariffs on the Greek economy is expected to be limited, Bank of Greece governor, Yannis Stournaras, estimated. Speaking to the CEO Club, Stournaras said that…

Tuesday, 29 April 2025

AKTOR: Higher profitability, turnover jumps to 1.3 billion euros in 2024

AKTOR announced higher profitability and turnover totaling 1.3 billion euros in 2024. The results “signal the decisive implementation of the Group’s new business strategy for profitable projects and diversification of…

Metlen: Metals sector as a Market Changer-Introducing circular metals

The metals sector is a Market Changer for METLEN, which is expected to be strengthened with total investments of 970 million euros by 2028, of which 500 million euros have…

SKY express: Dynamic start in 2025

2025 started with a dynamic start for SKY express, recording strong growth in all key indicators. During the first quarter of the year, the company recorded a 10% increase in…

Greece tο request activation of the escape clause

Greece is going to request the exemption of defense spending – that is, the activation of the relevant escape clause – from the calculation of fiscal spending in the coming…

Theodoridis on “N” TV: Airbnb can contribute to solving the housing problem

“The measure for the return of a rent that the government announced is the smartest one it has taken,” emphasized the president of the European Federation of Real Estate Agents…

Petrakis on “N” TV: Greece’s employment rate is low compared to the European average

“Undoubtedly, a certain amount from the surplus should return to the economy (approximately 2.5-3.0 billion euros) in order to maintain liquidity and the growth rate,” emphasized Panagiotis Petrakis, Professor Emeritus…

Axpo-EDF Renewables sign short-term power purchase agreement in Greece

Axpo and EDF Renewables Hellas have signed a short-term Power Purchase Agreement (PPA) for the sale of electricity from two EDF photovoltaic parks in the Boeotia region. The two projects,…

Shipping: Dry cargo market on the rise, led by capes

The dry bulk market is moving upward after a difficult month, across all sizes of vessels. Larger bulkers, such as capesizes, are “leading the way” due to increasing demand from…

Greek fur industry on track for partial recovery

The Greek fur industry is entering a path of partial recovery after the unexpectedly great success of the 50th anniversary Kastoria International Fur Fair (April 9-11, 2025), which provided a…

Mytilineos at London stock exchange: Strategic roadmap toward 2 billion EBITDA goal

During his opening address at Capital Market Day, Evangelos Mytilineos, Chairman and CEO of Metlen, highlighted the company’s remarkable transformation — from a small Greek firm with EBITDA of less…

Monday, 28 April 2025

PPA: Cosco’s first vehicle carrier ship arrives in Piraeus

The port of Piraeus further strengthens its strategic position as a car transit hub in the Eastern Mediterranean, with the first call of the MV Cosco Sheng SHI, a ship…

Thrace Plastics: Focus on improved product portfolio, access to new markets

The management of Thrace Plastics focuses on the improved product portfolio, access to new markets, as well as on a higher quality and more sustainable production process, through the investments…

METLEN hosts capital markets day to present strategic roadmap

METLEN Energy & Metals S.A. is hosting its first Capital Markets Day in London, presenting a detailed strategic roadmap to achieve its medium-term EBITDA target of 2 billion euros. The…

Athens Stock Exchange: The 9 Greek equities in MSCI

The stable outperformance of the Athens Stock Exchange compared to Europe and other emerging markets is confirmed by the country’s participation in MSCI. More specifically, nine “made in GR” listed…

Shuttle Tankers: The cutting edge of maritime technology

A ship delivery in South Korea, a double milestone, the fleet of 16 Suezmax Shuttle tankers, investments exceeding 2.3 billion dollars, and contracted revenues of 2.5 billion dollars were presented…

Tzakas on “N” TV: Business Intelligence has begun to develop in Greece over the last 15-20 years

Stelios Tzakas, a business intelligence software engineer at Accepted, spoke about business intelligence and artificial intelligence in Greek business on Naftemporiki TV. Tzakas emphasized that “business Intelligence is the core…

Xiradakis: Fees on Chinese ships will increase the cost of trade

Τhe Office of the United States Trade Representative announced the final measures of the 301 investigation on China’s shipping, logistics and shipbuilding sectors. George Xiradakis, President of the Association of…

Athens stock exchange: The stocks that restored 1,700 points

As the General Index has returned above 1,700 points, the Athens Stock Exchange managed to continue the upward reaction from the recent “Trump hurricane”, completing another profitable week. More specifically,…

Premium products vs. consumer caution: The paradox shaping Greek supermarket trends

A paradoxical situation is developing in the field of “innovation” and premium products in Greek supermarkets, with analysts “seeing” significant growth prospects while the industry appears quite restrained, “screening” new…