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Wednesday, 04 December 2024

Praktiker Hellas: Turnover up 5.5%; investments of 4.6 million in 2023

Praktiker Hellas’ performance showed a notable improvement in 2023. According to the announcement, turnover amounted to 187.5 million euros, showing an increase of 5.5% compared to the previous turnover. Earnings…

Tuesday, 03 December 2024

1.66-billion-euro revenue from the imposition of tax … on taxes

The State expects to collect VAT revenues of 1.66 billion euros in 2025 from Special Consumption Taxes, according to a “N” survey based on budget forecasts. An important amount of…

Marinakis to “Naftemporiki” TV on bank commissions

Prime Minister Kyriakos Mitsotakis said “no” to the main opposition PASOK’s proposal for an emergency tax on bank profits for three reasons, government spokesman Pavlos Marinakis, said speaking on Naftemporiki…

Construction of Chios Marina begins-133 berths in 2026

The agreement for the construction of the Chios Marina was signed by the technical company and the Hellenic Republic Asset Development Fund (HRADF). Upon the completion of the procedures regarding…

Diamonds of the Greek Economy: The enriched business awards institution to be held on Dec 18

The long-standing DIAMONDS OF THE GREEK ECONOMY award ceremony for business excellence will be held on December 18, at the Athenaeum Intercontinental hotel. Renewed, enriched, expanded, and innovating in the…

Spiliotopoulou (Holland&Barrett): Well-being is gaining ground in Greece

The value of the health and wellness market in Greece is estimated at approximately 600 million euros, Sofia Spiliotopoulou, General Manager of Holland & Barrett, told “N”. The sector is…

Shrinking interest in the real estate market

The lack of real estate supply, a problem that is expected to worsen further with the launch of the second house subsidy program, is reducing interest in purchasing a home.…

IOBE: Economic climate slightly deteriorates in November

Greece’s economic climate index fell to 106.1 in November from 106.9 points the previous month, according to a survey by the Foundation for Economic and Industrial Research (IOBE). More specifically,…

Peristeris’ gains from Terna Energy and his leading role in constructions and concessions

George Peristeris, CEO of GEK TERNA, has recently been at the center of a series of positive and highly profitable developments. On the one hand, the value of his participation…

Britchip Foods on a growth trajectory in the Indian market

Britchip Foods Limited, Britannia Industries’ subsidiary by 60% and ST Bakery’s (formerly Chipita Foods) subsidiary by 40% is growing in the Indian market, however, the plan to create a second…

Black Friday: Consumers show increased interest

The three-day Black Friday and Cyber Monday discount period has proven to be a good opportunity for smart shopping for over 8 out of 10 Greeks this year, Vasilis Korkidis,…

Monday, 02 December 2024

Mitsotakis to investors in London: We are not planning extraordinary taxation of banks 

Prime Minister Kyriakos Mitsotakis put an end to the scenario of imposing an extraordinary tax on bank profits. The prime minister, who is “present” at the Morgan Stanley and Athens…

It’s London time for the top listed companies on the Athens stock exchange

As Greek listed companies have already announced their nine-month results, interest is now turned on their investments plans for 2025. During the investment conference held in London by the Athens…

Manufacturing slowed in November – Inflationary pressures are increasing again

The Greek manufacturing sector remained in growth territory in November, but it slowed compared to October, following a marginal increase in output and a further decline in employment, according to…

Low-interest loans of up to 25,000 euros to small businesses

Low-interest loans of 3,000 to 25,000 euros to small businesses and self-employed people who want to implement their business idea will be granted by the Hellenic Development Bank as of…

Greek-Turkish relations: New talks in Athens

Despite the differences between Greek-Turkish relations, with Ankara insisting on resolving many issues and not just the one that Athens recognizes and concerns the delimitation of the Exclusive Economic Zone…

Privatizations: Joint plans for the ports of Katakolo and Patras

The Hellenic Republic Asset Development Fund (HRADF) is reportedly proceeding with the sub-concession of port activities for cruises and pleasure boats in the ports of Patras and Katakolo, according to…

Greece’s last credit rating of the year is expected on Friday

The report will be signed by Scope, a rating agency that is not one of the “big ones”, but is certified and approved by the ECB. The German rating agency…

The person behind the most profitable listed company on the Athens stock exchange

Evangelos Mytilineos is preparing to conquer yet another “peak”, as the financial data for the 9-month period show that Metlen is the most profitable non-banking listed company on the Athens…

Xylas: Greek shipping continues to be based on small and medium-sized enterprises

The uncertainty in the market over the last six months was highlighted by the elected president of Intercargo (he takes office from 1 January 2025) and president of Ariston Navigation…

38 Greek listed companies in London – The importance of the Morgan Stanley -ATHEX conference

The 3rd Morgan Stanley and Athens Stock Exchange Greek Investment Conference is being held in London on December 2 and 3, with the participation of 38 listed large and mid-cap…

Kayak aims to increase its market share and expand its network

Kayak’s main plan focuses on the development of the wholesale network by adding new customers and by expanding the product range. As for the plans for strengthening the network, the…

Friday, 29 November 2024

Attica Department Stores planning investments of 15 million euros

Attica Department Stores, a member company of Ideal Holdings, is launching investments of 15 million euros in the three-year period 2025-2027. In particular, CEO Dimosthenis Boumis, in the context of…

Sultan Al Jaber the new ‘boss’ of Terna Energy

Masdar from the United Arab Emirates acquired on Thursday the majority stake in the Greek company Terna Energy. This, of course, is more or less well known. However, the same…

Netcompany: Strategic agreement in the Baltic countries to modernize Lithuania’s tax system

Netcompany, the parent company of Netcompany-Intrasoft, is entering the Baltic market for the first time with a new agreement to modernize the Lithuanian tax system. The agreement with the Lithuanian…

PPC Group: Significant performance in Sustainable Development in 2023

The PPC Group presented its Annual Sustainable Development Report for 2023, in accordance with the international standards of the Global Reporting Initiative (GRI Standards) and the Athens Stock Exchange ESG…

Fourlis: The “king” of retail, the doubling of profitability and the injustice on the Stock Exchange

The significant value that Vasilis Fourlis has in his “hands” is confirmed by the recent financial figures which prove the dominance of the listed company in the retail sector. In…

Stournaras: Considering the increase of the IRIS payment limit above 500 euros

The data on the course of inflation in the eurozone in November will be announced on Friday by Eurostat and are expected to determine the level of interest rate cuts…

Prokopiou: 1.1 billion US dollars from the sale and leaseback of five LNG carriers

A major deal has been signed by Pure Energy Limited, owned by George Prokopiou, with CMB Financial Leasing Co. It concerns the sale and leaseback of five 200,000 m3 LNG…

Athens hotels occupancy rates rise in Jan-Oct

After a five-month period with a negative sign in the occupancy of Athens hotels, demand rose by 2.2% in October 2024 compared to the corresponding month last year. In the…

Lamda Development: 800-milion-euro loans for the malls construction in The Ellinikon

Lamda Development is expected to proceed with share capital increases in its subsidiaries with shopping centers as well as with agreements for bank financing in order to begin the construction…

ESM gives Greece the green light for early debt repayment

In a much-anticipated move, the boards of directors of the European Stability Mechanism (ESM) and the European Financial Stability Facility (EFSF) have approved Greece’s intention to repay its loans early.…

Thursday, 28 November 2024

Energean: Daily production up 31% in Jan-Sept

Energean announced an increase in production and improved financial figures in January-September 2024. Daily production jumped 31% year-on-year, reaching 156 thousand barrels of oil equivalent (83% in natural gas), while…

French bond yields surpass Greece’s for first time amid political uncertainty

The current political uncertainty, which is plaguing France, the eurozone’s second largest economy, seems to be having serious effects on the markets. The country’s borrowing cost has reached Greece’s levels…

Energy Saving and Data Centers the energy investments of the future-Greece’s serious prospects

The energy efficiency and energy saving sector is emerging in a promising market amid the goals set at European level and the framework of the revised National Energy and Climate…

Kafounis at “N”: November has been sluggish – Black Friday expectations

The offers and expectations in the retail sector in view of the Black Friday were outlined by Stavros Kafounis, president of the Athens Chamber of Commerce, in an interview with…

Attica Bank-Pancreta Bank: Shipping financing with ESG criteria

Attica Bank-Pancreta Bank has advanced its first shipping financing, linked to sustainable environmental criteria, to the shipping company Stem Shipping Co S.A. The financing concerns two sister eco-type dry cargo…

Total assets of insurance corporations at 20.98 billion euros in Q3

Total assets of insurance corporations increased by 381 million euros to 20.980 billion euros in the third quarter of 2024, compared to the previous quarter, according to data from the…

Medicinal cannabis: Tikun Olam Greece starts exports to Switzerland

The first pharmaceutical cannabis company licensed by the National Medicines Organization in our country, Tikun Olam Greece, announced the first export of finished pharmaceutical cannabis products to Switzerland. Tikun Olam…

Manousakis: Feasibility studies for the new electrical interconnection between Greece and Saudi Arabia to be completed within 2025

Feasibility studies for the new electricity interconnection between Greece and Saudi Arabia, Saudi Greek Interconnection, are expected to be completed by 2025, the President and CEO of IPTO, Manos Manousakis,…

Karavias (Eurobank): Expansion in foreign markets and stock market value of 10 billion euros

In a stock market period that is not developing particularly positively for banking stocks, Eurobank CEO Fokion Karavias acquired the second largest financial institution in Cyprus, namely Hellenic Bank, completing…

Wednesday, 27 November 2024

Clothing: Retail sales up, exports down in Jan-Sept

Greece’s retail sector recorded a slight increase in January-September 2024, while exports continued their downward trend that began in 2023. In particular, retail sales of clothing in the domestic market…

TEN: Strong performance in 9-month results

NYSE-listed Tsakos Energy Navigation (TEN) recorded liquidity of 386 million dollars in the third quarter of 2024 and contracted revenues of 1.8 billion dollars, noting that dividends to shareholders have…

Gambling market figures move upwards in Jan-Sept

The gaming market moved upwards during the first nine months of 2024 (January-September), as shown by the data of the Ηellenic Gaming Commission, based on the performance of Gross Gaming…

OTE CEO Nebis presents strategic plan based on three pillars

OTE Telecom CEO Kostas Nebis presented the company’s strategic plan based on three pillars. The first is development with priority in FTTH fiber optic networks so that OTE covers 65%…

Fourlis Group: Higher sales in all retail activities 

Fourlis Group announced consolidated sales of 407.6 million euros in the first nine months of 2024, up from 389.6 million euros in the first nine months of 2023, an increase…

KRI-KRI announces higher profit on strong sales growth

KRI-KRI announced its turnover rose by 17.4% to 207.48 million euros in the nine months, compared to 176.67 million euros in the corresponding period last year. Gross profits amounted to…

Onex Group celebrates its 20-year anniversary

Onex Group celebrated its 20-year journey as well as its five-year presence in Greece’s shipbuilding industry. From a turnover of 130,000 euros in 2004 to 170 million euros in 2024.…

Shipping: The four reasons that render the Greek flag “unfriendly”

The Greek registry is in free fall, steadily losing both ships and capacity every year. Since 2023, the Greek registry has fallen below the psychological threshold of 500 ships. At…

EU Commission approves Greece’s medium-term fiscal plan

The European Commission has endorsed a positive assessment of Greece’s draft budget for 2025 and its medium-term fiscal plan, in accordance with the European Semester autumn package – the first…