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Monday, 07 April 2025

Athens stock market: US tariffs have cost more than 7 billion euros; FTSE Russell in the spotlight

Donald Trump’s trade tariffs have cost the Athens Stock Exchange more than 7 billion euros so far, with the General Index, amid the international uncertainty and concern, gradually abandoning 15-year…

myAADEapp: The application is now available for businesses and legal entities

The official digital application of the Independent Authority for Public Revenue (AADE) for mobile devices, myAADEapp, is now available for businesses and legal entities. Through the application, businesses have the…

The CEO who smiles despite the US tariffs

While the entire market is now talking about the negative effects of trade tariffs, Evangelos Mytilineos may feel great relief from the fact that he has chosen Europe, staying away…

“Immediate action and education” required for the green transition

A call for immediate action, due to the EU regulations on the Emissions Trading System (EU ETS) and FuelEU Maritime, as well as the expected medium-term measures of the IMO,…

Twelve companies express interest in public sector AI projects totaling 47.39 million euros

The Information Society project “Development of actions using Artificial Intelligence (AI) to improve Public Administration” has mobilized the entire market of Information and Communication Technology companies and consulting services. In…

Greek shipowners see calm after the storm

The global shipping industry is closely monitoring developments after US President Donald Trump announced heavy tariffs on imports of products from dozens of countries around the world. These tariffs are…

Greek shipping repair sector shows modest growth

A marginal increase in ship repairs in Greece was recorded in 2024, according to the Hellenic Statistical Authority (ELSTAT). More specifically, the number of ships repaired in 2024 amounted to…

Friday, 04 April 2025

Exporters Association: The impact of tariffs on the Greek market is expected to be limited

The Greek Exporters’ Association (SEVE) appears cautiously optimistic about the impact of Trump’s tariffs on the Greek economy. More specifically, the Association said that “there will be some minor impact…

Shipping: Uncertainty hampers second-hand ship market

Ship buying and selling activity began on a negative trajectory in 2025, mainly due to broader market uncertainty, with Greek and Chinese shipowners monopolizing confirmed transactions. In its latest report,…

Trade Estates sees a portfolio of 720-760 million by 2028

Trade Estates REIC estimated that it will have a real estate portfolio with a Gross Asset Value of 720-760 million euros by 2028 (compared to 541.5 million at the end…

Hatzidakis: The consequences of tariffs on the Greek economy are secondary

The tariffs imposed by US President Trump have sparked a “global economic war” from which everyone will lose, Deputy Prime Minister Kostis Hatzidakis warned during a speech at an event…

PPC: Mega investment plan of up to 12 billion and 20,000 jobs in Western Macedonia

An investment plan of 5.8 billion euros in Western Macedonia (up to 12 billion under certain conditions), which will create 20,000 direct jobs during the construction of the projects and…

Kikilias: The issue of flags on ships must be re-examined

“Shipping is the most important extroverted pillar of the Greek economy. I am truly grateful that Prime Minister Kyriakos Mitsotakis entrusted me with the position of Minister in such an…

Shipping: Attaining EU goals in hydrogen production encounters challenges

Europe is unlikely to meet its 2030 hydrogen production targets, despite significant ambitions and funding commitments. According to a research by Westwood Global Energy Group, a specialist energy market research…

Piraeus Chamber and the Chinese Embassy agree to keep an open channel of communication

A discussion on bilateral trade relations between Greece and China, as well as other issues concerning COSCO’s activities in the port of Piraeus, was held during the meeting between Chinese…

Pierrakakis on tariffs: The global trade war does not benefit anyone – We will address the challenges with a plan

“The US government’s announcements mark a historic shift towards protectionism and a sharp change in the way the global economic system has operated for decades,” Minister of National Economy and…

Kostas Nebis (OTE): Are there any other pleasant surprises in store?

Kostas Nebis has hopefully completed nine months at the helm of OTE Telecoms, and he is likely to have some pleasant surprises in store for shareholders in the coming period.…

Thursday, 03 April 2025

Profile: High goals outlined in the 2025-2028 business plan – Investments of 100 million euros

The Profile Group aims to more than double its revenues in the next three years 2025-2028, through expansion in existing and new markets, investments in innovation, acquisitions and partnerships (M&A)…

Softweb: Enhanced performance and expansion of the client base in 2024 

The Softweb group of companies recorded a significant increase in its 2024 financial figures. The strategic goal of the group’s management remains the provision of all-in-one solution products and services,…

IRIS: Universal implementation and new transaction monitoring framework

All businesses and legal entities that transact with individuals are obliged to accept payments through the IRIS direct payment system. This is provided for by a regulation included in the…

Piraeus Chamber of Commerce and Industry expresses strong concern about the consequences of US tariffs

The Piraeus Chamber of Commerce and Industry (PCCI) expressed its strong concern about the consequences for international trade and, in particular, the Greek business environment after the decision of the…

Shock and awe in the markets: Stocks, oil, cryptocurrencies tumble – Gold soars, bonds rise

Asian markets have plunged, the first market to open after Donald Trump’s announcements of sweeping tariffs on everything, US “economic independence” and an end to globalization. The tariffs are much…

Trump’s new tariff plan stanches demand for Greek olives, olive oil, feta cheese and wine

The imposition of 20% tariffs imposed horizontally by the Trump administration on all imported products from the European Union has dealt a severe blow to the loyalty of US consumers…

Qualco group poised to join the Athens Stock Exchange

Qualco Group is preparing to get listed on the main market of the Athens Stock Exchange. The group has already submitted its prospectus for approval to the Capital Market Commission…

Masoutis-Kritikos’ deal set to proceed in May

Masoutis SA is expected to sign a binding agreement for the acquisition of Kritikos supermarkets in May, the president and CEO of the company, Yiannis Masoutis, told “N”. The deal…

Posidonia Sea Tourism Forum 2025: Focus on the Eastern Mediterranean

As the 8th Posidonia Sea Tourism Forum prepares to welcome the global cruise community to Heraklion, Crete, in May, attention is turning to the Eastern Mediterranean – a region facing…

Wednesday, 02 April 2025

Kikilias: The daily life of passengers at the port of Piraeus must be improved immediately

The Chinese side must immediately proceed with the necessary investments in order to improve the daily life of passengers at the port of Piraeus, Minister of Maritime Affairs and Insular…

Vassilopoulos: Evaluating the results of its strategic transformation

2025 is a year of “returns” of the strategic business transformation for AB Vassilopoulos, a subsidiary of the Belgian-Dutch group Ahold Delhaize, with the first signs appearing encouraging, the CEO…

IOBE: Greek economic sentiment index rises in March thanks to construction and industry

The Greek economic sentiment index rose to 107.7 points in March from 106.9 points the previous month, the Foundation for Economic and Industrial Research IOBE said in a report. According…

Mads Qvist Frederiksen to “N”: Greece and the Arctic can do something magical in shipping

During the Cold War, the Arctic was a key battleground between the United States and the Soviet Union, with bombers and nuclear submarines operating under the polar ice. After the…

Titan plans to distribute additional 230 million euros to investors

From a stock market perspective, it may be difficult to repeat last year’s strong rally of +87%, but Titan Cement’s chairman Dimitris Papalexopoulos has the know-how to keep shareholders and…

Defense systems “made in Greece”

The debate on the new 12-year armament program under Prime Minister Kyriakos Mitsotakis will take place in Parliament on Wednesday, at 11:00. The Minister of National Defense Nikos Dendias is…

Fitch upgrades Greece’s systemic banks

Fitch rating agency upgraded the four largest banks of Greece, citing the improvement of their standalone credit profile and in the operational environment in Greece. More specifically, Fitch Ratings has…

Costamare Bulkers: “Investors Day” on April 9

Costamare Bulkers Holdings, a subsidiary of Costamare Inc, is about to get listed on the US stock exchange (NYSE). According to an announcement by Costamare, Costamare Bulkers executives will host…

Greek market’s total gaming revenue (GGR) at 2.8 billion euros in 2024

The Greek market’s total gaming revenue (GGR) amounted to 2.879 billion euros in 2024, an increase of 11.0% compared to 2023, according to the Hellenic Gaming Commission. However, the President…

Influencers, livestreams and VR shopping: The six trends that ensure a competitive advantage in e-commerce

From artificial intelligence and cross-border trade to social media, influencers and consumer-brand interaction, revolutionary changes in technology and the emphasis on sustainable development – which also affects consumer behavior –…

Tuesday, 01 April 2025

DBRS: Double upgrade for Piraeus Bank to investment grade

DBRS Ratings GmbH (Morningstar DBRS) upgraded all credit ratings of Piraeus Bank S.A., including the Long-Term Issuer Rating to BBB from BB (high). Concurrently, Morningstar DBRS upgraded the Bank’s Long-Term…

Electronic payments: How the gradual decline of cash filled state coffers

The replacement of cash with electronic payments led to the increase in direct VAT revenues by at least half a billion euros. According to research by the Independent Public Revenue…

Manufacturing: Production, new orders, employment accelerate

Greece’s manufacturing sector improved further in March, according to the latest PMI® data from S&P Global. The overall gain in the goods-producing economy was the strongest in nearly a year,…

Performance Technologies: Organic growth and turnover up 28.5%

Performance Technologies registered the seventh consecutive year of excellent growth in 2024, a fact that, according to the management of the listed company, confirms its strategy and its choices for…

Four investment schemes express interest in tender for the concession of cruise activity in Katakolon, Patras and Kavala

Growthfund announced that four investment schemes have submitted expressions of interest in the international tender process for the concession of the cruise activity in the ports of Katakolon and the…

PPA: Higher revenue and profits in 2024

Piraeus Port Authority S.A. (PPA) announced historically high revenues, net profits and dividend distribution, as well as strong performances in the key business areas in the fiscal year 2024. Total…

LNG: Its use as a marine fuel is gaining ground

The use of liquefied natural gas (LNG) as a marine fuel is gaining ground, in view of the regulatory framework of the International Maritime Organization (IMO) for the green transition…

Mega-containerships are changing the market

The global shipping industry is once again at the center of attention for giant container ships, as their share of the global orderbook and active ships continues to grow. According…

Sunlight Group: Improving battery technology with the use of AI

Sunlight Group, a member of the Olympia Group and a technology company, is moving forward with the development of advanced Artificial Intelligence models for predicting key battery parameters, in collaboration…

Diana Shipping: “Closing bell” for 20 years on the NYSE

Diana Shipping is celebrating two decades on the New York Stock Exchange on April 1, 2025, and its CEO Semiramis Paliou together with the company’s management team will ring the…

Monday, 31 March 2025

Metlen: Strategic Partnership with IVECO for the Armed Forces

METLEN and IVECO DEFENCE VEHICLES (IDV) are advancing a strategic partnership for the modernization of the military vehicle fleet of the Greek Armed Forces. The two groups are inaugurating a…

Alpha Bank acquires AXIA Ventures

Alpha Services and Holdings, 100% parent company of Alpha Bank, has reached an agreement with the founders and other main shareholders of AXIA Ventures Group Ltd regarding the main commercial…

Tax evasion and black money cost billions of euros

Hundreds of taxpayers and businesses caught in the “nets” of the law enforcement authorities for laundering “black” money are already facing “heavy” fines and criminal prosecutions. The confirmed amounts of…

Greek marble companies stand out at Xiamen Stone Fair 2025

The Chinese market maintains its position as the main import market for Greek marbles, absorbing approximately 68% of total Greek exports in 2024, which demonstrates the importance of this market,…