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Wednesday, 20 November 2024

Systemic banks’ heads express optimism οver credit expansion and investments

The heads of systemic banks who participated in the discussion on “The new era for Greek banks”, which was organized by the Bloomberg news agency, were particularly optimistic about the…

Reds: Investment of 80 million euros in real estate

Reds, a subsidiary of Ellaktor, purchased a real estate portfolio, in order to generate revenue. More specifically, Reds is purchasing Athens Properties BV, owner of 10 properties, independent buildings in…

OTE: 80% of Greece will be covered with FTTH in three years

The implementation of OTE Group’s investment plan, which will cover 2/3 of the country with Fiber To The Home (FTTH) by 2027, the need to stimulate the penetration of this…

Monday, 18 November 2024

Digital payments gain ground with Gen Z and Millennials leading the trend

Payments in Greece are on a path of dynamic transformation, with digital payments and e-commerce steadily gaining ground in recent years. The recent legislative arrangements for the establishment of direct…

Lack of spatial planning hurts plans for investments in tourism

A decisive factor in attracting strategic investments in tourism is the credibility of the government’s announcements for the creation of a friendly investment climate, with spatial planning being one of…

Xenokostas: Our goal is to bring back to Greece and Europe the shipyards industry

The sector of shipyards creates important economic prospects for the Greek economy, the president and CEO of ONEX Group and president of the Hellenic Shipyards Association, Panos Xenokostas, said at…

IOBE: Decline of business expectations in industry in October

A mild deterioration of the economic climate was recorded in October, due to a decline in industry, according to a survey by the Institute for Economic and Industrial Research (IOBE).…

Mitsotakis: Greece to repay 5 billion of loans in 2025

Greece is going to proceed with an early repayment of an another 5 billion euros in 2025, which it had borrowed in the context of the first memorandum, Prime Minister…

Significant increase in optical fiber service to homes and businesses (FTTH)

The executives of the telecommunications providers, OTE, Vodafone and Nova, expect a significant increase in the penetration of the optical fiber service to homes and businesses (FTTH), even doubling in…

Greece is paying off its debt early; the loan repayment program

It is now only a matter of time before the European Stability Mechanism (ESM) gives the green light for the utilization of the “hard core” of cash reserves, amounting to…

2025 Budget: Deficit reduction to 0.6% and debt to 147.5% of GDP

High primary surpluses, lower deficits and debt, restraint of public expenditure but also interventions amounting to 1.1 billion euros will be included in the final draft of the 2025 Budget…

EcoLog signs agreements for transport of green hydrogen and liquefied carbon dioxide

EcoLog, owned by Peter Livanos, signed two landmark agreements for the transport of green hydrogen and liquefied carbon dioxide between Norway and the Netherlands. The two agreements were signed with…

Focus Bari: More and more Greeks make use of the internet

More and more Greeks live in the digital world every day, especially the citizens of the countryside and the older ones, but this fact has increased the anxiety about cybercrime…

Greek economy: How it became a fiscal model for the … Germans

2024 will end with an impressive economic performance including an almost balanced budget, as the deficit, based on the latest estimates of the economic staff, is expected to fall below…

Friday, 15 November 2024

Lamda Development plans to sell another 500 properties in Ellinikon in 2025

About 550 apartments will be available for sale in Ellinikon in 2025 by Lamda Development, which is in negotiations with banks for the financing of the two new shopping centers…

Safe Bulkers: Strong profitability – Shipbuilding program in focus

Safe Bulkers’ nine-month revenue stood at 236.1 million dollars, up 34 million compared to the same period in 2023. The US-listed company registered revenue of 70.5 million dollars in the…

EU Commission sees primary surplus at 3% , public debt at 140% of GDP

Greece is expected to continue registering growth rates above 2% until 2026, return to high primary surpluses close to 3% in the years 2024-2025, reduce unemployment at a slower rate…

Stylianidis: Green shipping program seen rising to 2 billion euros

In 2027 and 2028, the public and private funds that will be required for the “greening” of coastal shipping and the development of port infrastructure are expected to rise to…

TIF-HELEXPO: Memorandum of cooperation with Hermes Expo International

TIF-HELEXPO signed a memorandum of cooperation with the organization Hermes Expo International as part of the strategy for international networking and expanding the extroversion of Greek businesses. The memorandum was…

PPA’s strong presence in 7th China International Import Exhibition (7th CIIE)

PPA S.A. participated in the 7th China International Import Exhibition (7th CIIE) in Shanghai, from November 5 to November 10, highlighting the strategic importance of the port of Piraeus in…

Greece ranks first in overdue debts to tax authorities

Greece ranks last in the OECD list due to the “volume” of overdue debts to the tax authorities. The problem became worse during the economic crisis and remains extremely acute,…

ALUMIL strengthens its presence in Canada – New partnerships and participation in pioneering projects

The president and CEO of ALUMIL George Mylonas had contacts with the biggest developers and construction companies in Canada. More specifically, he had meetings with companies that he has strategically…

Helleniq Energy: Increase in production and sales

Helleniq Energy Holdings SA announced its consolidated financial results for the third quarter, with Adjusted EBITDA amounting to 183 million euros and Adjusted Net Income to 49 million euros, while…

Aegean Airlines: Record passenger traffic and turnover in 9-month

Aegean Airlines announced its consolidated net revenue rose 4% to 1.38 billion euros in the first nine months of 2024, compared to the same period in 2023. The company offered…

Thursday, 14 November 2024

Hatzis: 2024 is a year of mixed signs for Greek tourism

2024 is a year of mixed signs for Greek tourism, according to the President of the Hellenic Hoteliers Federation, Yannis Hatzis, while revenues have not yet exceeded in real terms…

OTE: Revenue up 2.5% in Q3 – Rise in TV and FTTH subscribers

OTE announced strong performance in the third quarter of 2024, with an increase in revenue and adjusted EBITDA (AL) at Group level. According to the company’s announcement, consolidated revenues at…

Ellinikon proves lucrative for Lamda Development

Real estate sales in Ellinikon brought an 82.8% revenue increase to Lamda Development, based on the 9-month results announced by the company’s management. In particular, the consolidated revenues amounted to…

Heating allowance platform opened; 1.3 million beneficiaries

The 1.3 million beneficiaries of the heating allowance have to submit an application on the platform of the Independent Authority for Public Revenue (AADE) until December 6. They will receive…

Corinth Pipe Works: Production capacity expansion plan concluded

Corinth Pipeworks, the steel pipe division of Cenergy Holdings, is moving forward with a series of strategic investments that will strengthen its capacity and boost its production capabilities for the…

Euribor falls below 2.5% for first time in two years

Euribor fell below 2.5%, for the first time since September 2022, offering some optimism to loan holders. Euribor, the benchmark for most floating-rate mortgages, fell to 2.495%, breaking the 2.5%…

Greek shipowners are building the dream fleet of the future

An entire fleet, which the largest registries in the world could envy, is currently being built by Greek shipowners. At the end of October 2024, Newsfront/Naftiliaki had confirmed 552 orders…

Posidonia: 2024 Sustainability Report

Posidonia Exhibitions SA announced the results of the Event Sustainability Report for Posidonia 2024, certifying the long-term commitment to organizing environmentally sustainable exhibitions with a positive impact on society and…

PPC investments doubled to 1.6 billion euros

PPC announced an increase in investments to 1.6 billion euros in the nine-month period from 800 million last year, an increase in turnover to 6.6 billion euros from 5.5 billion…

Hatzidakis: Significant progress since 2019

The Minister of National Economy and Finance, Kostis Hatzidakis, spoke at the 8th Annual Economic Conference of the Hellenic Business Association. “In recent years, the myth has been cultivated in…

Wednesday, 13 November 2024

Rating agencies: Fitch’s verdict on Nov 22 – All possibilities open

The reports on the Greek economy from Fitch and Scope Ratings in November and December respectively will end the spiral of 2024 credit ratings. On November 22, Fitch is expected…

Okeanis Eco Tankers: Environmental strategy and security

2023 marked a strong year in financial performance for Okeanis Eco Tankers, while significant steps were taken in promoting environmental policy and crew safety in the wake of geopolitical developments.…

Greece as a center of innovation: Johnson & Johnson Innovative Medicine’s strategy for new treatments and clinical studies

Johnson & Johnson Innovative Medicine maintains a leading position in the Greek market since 1973 with 83 innovative pharmaceutical products, promotes innovation, invests in development and aims to improve the…

39th PHILOXENIA HOTELIA to be held on Nov 14-16 with increased number of international trade visitors

The 39th International Tourism and Hotel Equipment Exhibition PHILOXENIA HOTELIA will open its gates on November 14, at the Thessaloniki International Exhibition Center, with more foreign participations – three of…

Time is running out for new digitization projects under the Recovery Fund

Time is running out for the announcement of new Information and Communications Technology (ICT) projects with resources from the Recovery Fund. It is noted that the Information Society has undertaken…

Bakatselos (HACC): The new US leadership marks a new era for transatlantic relations

“The result of the US elections marks a new era for transatlantic relations, offering possibilities for strengthening cooperation between the US, Europe and Greece, in an environment of common challenges…

Grant Thornton leads the future with “Future Unfold”: Focus on Artificial Intelligence and Innovation

Grant Thornton, firmly implementing its vision of continuous development and bringing the future one step closer to the present, organized for the second consecutive year “Future Unfold”, with the theme…

PPA: Piraeus port receives Ferry Shipping Port of the Year 2024 award

The port of Piraeus was once again distinguished for its performance.  More specifically, it received the “Ferry Shipping Port of the Year 2024” award in the field of passenger transport,…

Maran Gas: Agreement with Hanwha to build tankers

The shipping group Angelicoussis, made up of the companies Maran Gas, Maran Tankers, Maran Dry, is proceeding with investments, acquisitions and agreements shortly before the end of 2024. After the…

National Bank raises 650 million euros via green bond

National Bank raised funds amounting to 650 million euros by the issuance of a green bond. Demand from the investors exceeded 3.35 billion euros, with the final pricing falling to…

Tuesday, 12 November 2024

Global Ship Lease: Higher profitability despite volatile geopolitical climate

Despite the volatile geopolitical environment and ship reroutings from the Cape of Good Hope, Global Ship Lease, which operates a fleet of 68 container ships, posted profitable results. More specifically,…

Kazas (Grant Thornton): An innovative center as a driving force for artificial intelligence in Greece

The establishment of a pioneering center that will act as a driving force for Artificial Intelligence in Greece was announced by Grant Thornton CEO, Vassilis Kazas, in his introductory speech…

Airport Shopping Park with IKEA, PLAISSIO, INTERSPORT, Holland and Barrett – Holistic model of sophisticated retail

The model of a new commercial strategy is the retail hub of the Airport, which includes four major names in the trade sector – IKEA, INTERSPORT, Holland and Barrett and…

Greek Wine Day in Florence – Greek wine seems to be gaining ground in Italy

Greek wine seems to be gaining more and more ground in Italy. The Greek Wine Day took place for the third consecutive year in Florence. It is a one-day exhibition…

Efraimoglou: ACCI will continue to support the presence of Greek businesses abroad

For the third year, the Athens Chamber of Commerce and Industry (ACCI), on the initiative of its president, Sophia Kounenaki Efraimoglou, participated in the Toronto Economic Forum III. The participation,…

New e-certification program for travel agents in Greek destinations

The new online certification program for travel agents for Greek destinations Greece Destinations Experts Program was presented at the 1st World Meeting of Travel Agents members of the WTAAA (World…