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Friday, 03 January 2025

Ambassador Sekeris to “N”: It is an honor for Greece to be elected in the UN Security Council

The importance of our Greece’s participation as a non-permanent member in one of the most important institutions of the United Nations in the midst of a constantly changing international environment…

The shipping sector’s challenges in 2025

Shipping is facing significant challenges, also affecting the Greek shipbuilding industry, which for many decades has been at the top both in terms of the number of ships and total…

The oracle of the credit rating agencies for Greece: What lies ahead in 2025, and what challenges may it encounter?

What should Greece fear next year? Nothing. And everything. Because Greece has left behind the years of painful crisis and memoranda, is following a stable course and has at its…

Piraeus port: The National Museum of Underwater Antiquities will open its doors in 2026

The National Museum of Underwater Antiquities, which is currently development in the port of Piraeus, is expected to open its gates in 2026. It will constitute a top cultural landmark…

Stock Exchange: New regulation in force-What is provided for free float

The new regulation of the Athens Stock Exchange on the dispersion rates of shares in listed companies came into force on January 1. Specifically, each company is now required to…

Public Investment Program was successfully implemented in 2024

The Greek economy recorded high performance in 2024, presenting dynamic growth with fiscal targeting and a social dimension, fully utilizing national and EU resources, which financed projects and reforms that…

7 income support measures and 18 tax cuts to roll out in 2025

Seven income support measures and 18 tax reductions will be introduced in 2025, according to the Ministry of National Economy and Finance. These are “important initiatives, amounting to 1.5 billion…

What changes will the ATHEX upgrade deliver after 11 years of anticipation?

Friday, August 2 and Tuesday, October 8 were the two dates of 2024 that boosted the morale of the domestic stock market. After 11 years of waiting, the Athens Stock…

Consumers adopt a wait-and-see stance ahead of upcoming sales

The vice president of the Athens Chamber of Commerce, Nikos Kogioumtsis, spoke in an interview with “Naftemporiki TV” about two speeds during the holiday season. Kogioumtsis explained that one speed…

Thursday, 02 January 2025

Greeks favor cash, but use cards for payments

Electronic transactions have been gaining more and more ground in the daily transactions of Greeks, even for small purchases. According to a European Central Bank’s (ECB) survey, Greece was one…

Manufacturing registers its strongest performance since July

Greece’s manufacturing sector has recorded its strongest performance since July, according to the latest PMI® survey data from S&P Global. The increase was attributed to a rise in output and…

Ushering in 2025 with eyes on 1,500 points

Analysts appear cautiously optimistic about the performance of the Athens stock exchange in 2025 despite the multiple external challenges. The Greek market, which ended the year with an increase of…

Chiou to “N”: Short-term rentals account for 60% of tourists to Greece

Andreas Chiou, President of Greek Property Managers Association, in an interview with Naftemporiki TV spoke about the uncertainty that exists among Airbnb managers. “Taxes impose significant strain on short-term rentals…

Papoutsanis: Enhanced sustainable development profile with Vegan and UpCycling product lines

Papoutsanis is strengthening its sustainable development profile with the Vegan UpCycling product series while its goal is to expand the range of sustainable products (shower gels, shampoos). In particular, the…

Five Greek stocks in the top-10 of listed shipping companies

Analysts gave a vote of confidence to listed shipping companies of Greek interests, emphasizing that – despite the growing challenges – the shipping industry remains a key pillar of global…

Shipping targeted by hackers amid geopolitical tensions and trade wars

The shipping industry will face new cybersecurity risks in 2025, as ongoing geopolitical conflicts and trade wars have activated hackers in states targeting trade flows. At least 64 cyber attacks…

Gerapetritis: Greece will act as a stabilizing factor to the UN Security Council

Greece assumes the position as an elected member of the UN Security Council at a particularly critical juncture in international affairs, Minister of Foreign Affairs George Gerapetritis said in a…

Tuesday, 31 December 2024

Volos port is a pioneer in the field of energy saving

The port of Volos will install new photovoltaic systems, in order to cover its existing needs for 100% of its electricity by the summer of 2025. The relevant contract was…

Aktor’s plans for investments of 2 billion euros

Aktor Group’s share capital increase, amounting to 200 million euros, will have been completed by the end of January 2025. The company will finance investments of 2 billion euros for…

Greece a non-permanent member of the UN Security Council

Greece will assume a role as a non-permanent member of the United Nations (UN) Security Council until December 31, 2026, starting tomorrow (1/12). In a period of unstable geopolitical environment…

Athens Stock Market: New year’s eve with double-digit profits in 2024

The Athens Stock Exchange is heading into its last trading day of 2024, bracing to say goodbye to a fairly rewarding year, despite international challenges and buying fatigue. The General…

Stock Market: The “champion” of blue chips in 2024

Titan Cement is emerging as the “champion” of blue chips for 2024, with its stock rallying more than +87% in the last 12 months, reaching an all-time high (40 euros)…

The Dutchman with dividends of 225 million euros in a few months

Ellaktor’s recent decision to proceed with the mega capital return of 0.85 euros to shareholders was rather beneficial for Henry Holterman, the head of the investment fund Reggeborgh Invest B.V.,…

Athanasiadis to “N”: Greece is the leading force in pomegranate products

“In 2005, we took advantage of a European program for the cultivation of 8,000 stremmas throughout the country, with approximately 1,000 producers. In 2008-09, the cultivation was concluded. It was…

January Effect: 5+2 business developments stimulate investment interest

If you are one of those investors who let fate determine their investment strategy, you have another reason to be optimistic about 2025, given the performance of the Greek stock…

BDI performance is sluggish compared to 2023 levels

As 2024 comes to an end, the key Baltic Dry Index (BDI) is showing a lackluster performance this year compared to the strong levels of 2023. As reported on the…

Tourism for All: The program for the new cycle signed-The beneficiaries and the amounts

Tourism Minister Olga Kefalogianni signed the agreement for the “2025 Tourism for all” program. “The Ministry of Tourism’s program aims to boost domestic tourism and regional development,” the minister underlined.…

Monday, 30 December 2024

Prodea restructures its real estate portfolio

Prodea Investments’ real estate portfolio restructuring is the “most important and largest move” since the establishment of the company, its CEO, Aristotelis Karytinos, said. Based on the most recently published…

131,491 jobs lost in October as tourism season wraps up

A total of 131,491 jobs were lost in October, according to the Ergani system, a number that constitutes the second worst record in the last 23 years. This was the…

VAT revenues record a historic high in 2024

VAT revenues recorded a historic high in 2024, according to official data. More specifically, in the 11th month period, revenues exceeded those of the entire 2023, while the year will…

Stock market: The high returns and the 1.5 billion euros of tech-listed companies

A year “full” of acquisitions, high growth rates and generous valuations is coming to an end for the Technology – Information Technology – Software sector on the Athens Stock Exchange,…

Greek shipyards’ pivotal role in economic development

2024 was a milestone year for Greece’s shipyards – Skaramangas, Syros and Elefsis. ONEX’s effort began in 2018 in Syros, followed by Elefsis in 2022. Today, the group’s development plan…

Shipping: The supply chain at the mercy of developments on the war fronts

The war in Ukraine, Israel’s military operations in the Gaza Strip and the Houthi threat in the Red Sea marked the security of navigation in 2024. The impact of these…

Terna Energy: Masdar has acquired about 85%

Masdar’s stake in Terna Energy is now close to 85%, as part of the ongoing public offering. At the beginning of the relevant process, the Arabs controlled 70.43%, or 83,357,830…

NVISO’s investment in Greece – Cybersecurity gaining momentum

NVISO has placed Greece at the center of its attention, strengthening the country’s position in the European cybersecurity sector. The company’s investment in Greece is growing rapidly, exceeding initial expectations,…

The winners and losers of new loans

Domestic banks have made progress in closing the financing gap, especially for small and medium-sized enterprises, while household demand remains at a standstill – especially for housing loans. The data…

Greek economy: The 3 battles of the first half that will decide the “war” of 2025

The Greek economy is faced with another year of both great challenges and opportunities. More specifically, three large issues will determine the performance of the Greek economy in 2025, particularly…

Friday, 27 December 2024

Shipbuilding spree to achieve green transition

A series of shipping companies started the replacement or modernization of the fleet in 2024 in order to meet the new EU environmental regulations, with the aim of reducing gas…

The leading role of the Greek-owned fleet and the Europeans’ stance

The Greek-owned fleet is not only the largest in terms of carrying capacity in the world, but it is also the backbone of the European fleet, representing 60%. And thanks…

Clothing: 14.4% jump in retail sales in October; exports down

Retail sales of clothing in Greece recorded a significant increase of 14.4% in October, while exports dropped 9.5%. According to data from the Hellenic Fashion Industry Association (SEPEE), a small…

Considerable amount of debt not settled

A large number of debtors have not proceeded with a debt settlement, according to official data. More specifically, 96.7% or 104.85 billion euros of the overdue debts totaling 108.45 billion…

The Finance Ministry’s plans for 2025; investments and reforms

The Annual Action Plan of the Ministry of National Economy and Finance features 36 emblematic strategies, including 13 investments and 23 reforms. The ministry’s Plan includes 17 new legislative initiatives…

Souroti: Investments in equipment, expansion to new markets

Souroti SA is expected to register a 26% increase in turnover to 17.2 million euros in 2024 compared to 2023 and 70% compared to 2022, according to its management, continuing…

PPC: New energy production projects by 2027

The commercial operation of two new gas turbine units at the PPC Santorini Power Plant, in the Monolithos area of Thira, has begun. With a total nominal power of 30MW…

Sustainable water management: Strategies for the protection οf water resources

EYDAP’s Sustainable Development is based on the sustainable management of the hydrological cycle and the reduction of the company’s environmental footprint. The rational utilization and exploitation of natural resources without…

649 actions to boost Greek exports in 2025

The Secretary General of International Economic Relations of the Ministry of Foreign Affairs and Chairman of the Board of Directors of Enterprise Greece, Dimitris Skalkos, in an interview with “N”…

Monday, 23 December 2024

Reducing public debt by 2026: How and how much?

The Public Debt Management Agency’s (PDMA) annual lending program provides for continuous presence in the markets in 2025 through early repayments of bilateral loans, issuance of bonds but also limited…

Intergovernmental agreement between Greece and Israel to promote regional energy stability

An intergovernmental agreement to promote regional energy stability, as well as innovative energy projects concerning the Eastern Mediterranean and the entire European Union, was signed by the Minister of Environment…

PPA receives two more awards

The Piraeus Port Authority (PPA) received the True Leader and ESG Leading Award Company. The “True Leaders” business award, which is held through ICAP CRIP, the leading group of companies…

Alpha Bank: 461 properties change hands

The first phase of the agreement among Alpha Bank, Dimand (in collaboration with Latsco Family Office), Premia REIC and EBRD (European Bank for Reconstruction and Development) was completed. The project…