English

Monday, 10 February 2025

The major challenges for shipping: The shortage and safety of seafarers

One of the major issues in shipping, that of the role of seafarers, was the focus of the “Industry Leadership Roundtable” panel as part of the 15th Capital Link Forum-Greek…

Resolute Cepal Greece strengthens its presence in the real estate sector with a new company

The Resolute Cepal Greece Group has established the company Resolute Cepal Capital, with the purpose of providing investment advice in the real estate sector in Greece. In particular, the company…

The labor market at a turning point: The trends shaping the future of employment in 2025

The most important trends in employment were mapped by ManpowerGroup in the study “Accelerating Adaptability – Global Human Resources Trends 2025.” ManpowerGroup was “present” at the 55th World Economic Forum…

Tzitzikostas: The first European strategy for tourism will be presented in early 2026

The first European strategy for tourism will be presented in early 2026, European Union Commissioner for Sustainable Transport and Tourism, Apostolos Tzitzikostas, announced in Thessaloniki. He also unveiled that he…

THEON: 53-million-euro new orders in January 2025

THEON is setting an ambitious goal for 2025, with new orders and significant participation in international programs since the first month of the year. Specifically, new orders amount to 53…

Capital Market Bill: The rules for cryptocurrencies

The government will present this week the provisions of the bill to strengthen the Capital Market with the aim of putting it into public consultation later in the month. The…

Ethniki Insurance: Closing the Piraeus-CVC deal is a matter of time

Piraeus Bank confirmed that it is in exclusive discussions with CVC regarding the acquisition of 70% in Ethniki Insurance for 469 million euros. As stated in an announcement, Piraeus Financial…

Additional liquidity in the market through TEPIX: “Roadmap” for loans on favorable terms

Applications from small and medium-sized enterprises to receive liquidity from the TEPIX III Loan Fund, which has been created by the Hellenic Development Bank (HDB) in cooperation with 12 commercial…

Supermarket deals: “Concentration in the industry is inevitable”

The president of the Greek Supermarket Association and head of the Metro group, Aristotelis Panteliadis, sees further concentration in the market, while he does not consider the entry of new…

Titan America raises 364 million dollars in US IPO

Titan America’s share closed at 16 dollars, one dollar above the lower end of the range set at the IPO, which was between 15-18 dollars. TCI (listed on Euronext in…

Friday, 07 February 2025

Katz to “Naftemporiki”: Israel has strong relations with the US, strategic relations with Greece

By Michalis Psilos The US President Donald Trump presented an unconventional position about Gaza which will be part of the future discussion, Israel’s Ambassador to Greece Noam Katz said in…

Mitsotakis: The State on the side of the islanders – I recommend staying calm

Prime Minister Kyriakos Mitsotakis, who arrived on Friday in Santorini, underlined that the State is on the side of the islanders who are being tested by the incessant seismic activity…

CapsuleT’s 7th Acceleration Cycle Concluded – The standout startups

Three companies were awarded in the 7th CapsuleT Acceleration Cycle, according to the Hellenic Chamber of Hotels. The 3 startups that stood out were Algomo, SmartInn.ai and Wastecloud. Specifically, 1st…

Strong interest in Titan America’s listing on NYSE

Titan’s roadshow for the listing of its subsidiary, Titan America, on the New York Stock Exchange (NYSE) was concluded. The aim of the company is to raise up to 0.5…

Athenian Riviera dominates luxury real estate market

The Athenian Riviera remains at the top of the demand for luxury properties, accounting for 17% of total requests for Greece, while on the contrary, interest in Mykonos seems to…

Greece-Cyprus electrical interconnection dominated the meeting of the Energy Ministers

The course of Greece-Cyprus electricity interconnection was discussed at a meeting between Environment and Energy Minister Theodoros Skylakakis and Cyprus’ Energy, Commerce and Industry Minister Giorgos Papanastasiou. After the end…

Drop in alternative-fuel ship orders in 2025

The new year started with fewer orders for ships with alternative fuels. More specifically, a drop of around 70% was recorded in new orders in January compared to the corresponding…

Deloitte: Slower adoption of Generative AI by businesses

Despite the rapid evolution of GenAI, changes in organizations and businesses are progressing at a slower rate according to a Deloitte’s study. The ROI of AI is encouraging, but regulatory…

Costamare breaks the barrier of 2.0 billion dollars

Costamare achieved another major goal in 2024. The company has been one of the world’s largest independent containership companies for half a century, but in recent years it has made…

Thursday, 06 February 2025

Eldorado Gold: Updated three-year growth plan for mining project in Greece

Eldorado Gold, the parent company of Hellas Gold, has updated its Skouries copper-gold project construction progress, detailed production and cost forecast for 2025, as well as its three-year production outlook.…

Kyranakis: 18 data centers in Greece by 2030

The development of a total of 18 data centers in Greece by 2030 was announced by the Deputy Minister of Digital Governance, Konstantinos Kyranakis, at the 14th Athens Energy Summit.…

Zacharaki to “N”: Over 6.5-billion-euro funds for housing programs

“The thousands of applications submitted to the house subsidy program prove the need of young people to acquire their own home, meeting a very basic need,” the Minister of Social…

Offshore wind farms based on the oil model

The challenges and opportunities of offshore wind farms were at the center of the 14th Athens Energy Summit, with Chen Herzog, Chief Economist and Partner at BDO, sending the message…

The world’s largest sovereign wealth fund enters Greek Trade Estates

The Norwegian investment fund, Norges Bank Investment Management, one of the largest funds in the world, is among the new shareholders of Trade Estate REIC, following the private placement of…

Hatzidakis: Further reduction in social security contributions in 2025

2025 will be a year of further reductions in social security contributions and taxes for consistent taxpayers, Minister of National Economy and Finance, Kostis Hatzidakis, pointed out speaking at the…

Average salary up 7.2% to 1,342 euros in 2024

The employment data are encouraging, according to the annual report of the “ERGANI” Information System for 2024. Key findings are the increase in wages and the number of employees, as…

Union of Greek Shipowners welcomes the “Competitiveness Compass”

The presentation of the “Competitiveness Compass” by the President of the European Commission, Ursula von der Leyen, and the highlighting of the vital role of shipping for the economic resilience…

Sdoukou: Potential exploratory drilling around Crete in 2025

The first exploratory drilling in the area around Crete may be held in 2025, giving an initial indication of the potential hydrocarbon deposits, Deputy Environment and Energy Minister Alexandra said…

Private debt: 6 initiatives aiming to reduce it

The Ministry of National Economy and Finance has presented six new improvements aimed at further reducing the private debt. The improvements concern: · Increase in the limit of eligible expenses…

Attica Group: Opening to institutional investors

Attica Holdings  made a presentation in London last Monday with the aim of attracting institutional investors. The event of the largest shipping group in the world in terms of passenger…

Wednesday, 05 February 2025

Vodafone Greece: ICT projects and mobile telephony boosted revenues

Vodafone Greece’s performance in Information and Communications Technology (ICT) projects and the majority of mobile contract customers contributed to the increase in its revenues in the third quarter of its…

Transforming market trends in ship buying and selling

Clarksons has recorded a change in the trends of buying and selling ships. According to a research by the leading shipping brokerage, in the decade 2010-2020, the Chinese have surpassed…

Hellenic Gaming Commission: Tender for specialized control of illegal gambling

More than 9,500 websites have been blacklisted by the Hellenic Gaming Commission (HGC). As it pointed out in its relevant update, it has already begun to shift the focus of…

Aktor receives “vote of confidence” from investors

Foreign funds welcomed Aktor’s investment plan, amounting to 2 billion euros, the head of the Group, Alexandros Exarchou, said in reply to questions from the press. Meanwhile, the new shares…

Hellenic Association of Insurance Companies: The aim is to bring private insurance in Greece up to European levels

Greece’s private insurance must reach European levels, according to the president of the Hellenic Association of Insurance Companies, Alexandros Sarrigeorgiou. He noted that significant steps have been taken to fill…

Thousands evacuate Santorini as earthquakes rattle the island

More than 10,000 residents and tourists have fled Santorini as hundreds of quakes continue to course through the Greek island. A tremor with a magnitude of 5.0 was recorded on…

ECB’s interest rate cuts reaching Greek businesses with delay

The ECB’s interest rate cuts are reaching Greek businesses with a significant delay as a result of the “resistance” of domestic banks. ECB has cut interest rate cuts five times…

The GREEKS: London time for the powerful of ocean shipping

“Naftemporiki” presented the English-language album entitled “The GREEKS. Masters of the seas sharing their life story” in an event held at the headquarters of Bayes Business School in the City…

Continued losses for the Greek registry

The Greek registry is steadily losing strength, especially when it comes to ocean-going ships. The Greek-flagged fleet  shrank slowly but steadily in November, both in comparison to November 2023 and…

The first cruise ship arrives at Thessaloniki port marking the start of the tourist season

The cruise season has begun at the port of Thessaloniki with the arrival of the cruise ship “Celebrity Infinity” of Celebrity Cruises, a subsidiary of the Royal Caribbean group. The…

Coffee Island opens its first store in India

Coffee Island has opened its first store in India, in the heart of the business and technology hub of Gurgaon. According to the announcement, the new store marks the entry…

Tuesday, 04 February 2025

Eurobank: The disbursement of the 8th tranche of the Recovery Fund approved

Eurobank is the first systemic bank to receive approval from the Ministry of National Economy and Finance for the disbursement of the eighth (8th) tranche of the Recovery & Resilience…

Amazon: New investment in Greece’s clean energy

Amazon announced that it has invested in three renewable energy projects in Greece, bringing the total number of power purchase agreements (PPAs) it has signed in the country to eight.…

Exarchou: Reinstating Aktor to its deserved status

Aktor’s management aspires to make it the best construction company and one of the largest in the country, its president and CEO, Alexandros Exarchou said during the start of Tuesday’s…

Dynamic growth for the Netcompany group and Netcompany-Intrasoft

Driven by its three core business units – public sector, European projects sector, private sector – Netcompany-Intrasoft increased its sizes, contributing to the strengthening of the Netcompany group. The company…

HELMEPA: Steadfast commitment to sustainable and safe ports

A new innovative action will be explored within the framework of the ELIME-HELMEPA collaboration. It concerns the creation of interactive spaces in ports, with the aim of inspiring visitors to…

Fiber Optic: Faster internet connection is progressing at different speeds

The absorption of the two vouchers to boost demand for the connection of households and businesses with fiber optics (FTTH) in order to obtain a faster internet connection is progressing…

UNI-PHARMA SA: True Leader 2024 of the Greek economy by ICAP

UNI-PHARMA SA, a member of the Tsetis Pharmaceutical Group, was recognized as a True Leader by ICAP CRIF. A distinction that, according to the company, confirms the Group’s strategic development,…

The American-Hellenic Chamber of Commerce will continue to serve as a bridge to the US

The American-Hellenic Chamber of Commerce will continue to serve as a bridge to the United States and as a strategic partner, providing the tools, networking and support our members need…

Shipping: Challenges, fluctuations and volatility

Fluctuations, strong volatility and major challenges characterized the main shipping markets for 2024, according to research by a team from the National and Kapodistrian University of Athens (NKUA). For tankers,…