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Tuesday, 22 October 2024

The US stock market gives a vote of confidence to Greek shipping companies

The market gives a vote of confidence to the listed shipping companies of Greek interests. A research by “Naftemporiki” reflects the positive messages, as the international rating agencies give a…

PPC to issue 500 million senior notes due 2031

Public Power Corporation (PPC) announced that it intends to issue a 500 million euros aggregate principal amount of unsecured senior notes due 2031, subject to market conditions and demand. The…

Development Ministry: 3 billion euros for strategic investments

Prime Minister Kyriakos Mitsotakis spoke of a definitive and irreversible recovery of the Greek economy during his speech at an event organized by the Ministry of Development entitled “Productive transformation,…

Monday, 21 October 2024

Negative climate in the Greek electrical and electronic goods market

The climate remains negative in the Greek electrical and electronic goods market. According to the data of GFK, in the period January-August, the value of sales stood at -6.4% compared…

BoG: Arrivals up, travel receipts down in August

Tourism revenues fell in August 2024 compared to the same month last year, although a significant increase in the number of visitors was recorded, according to data from the Bank…

ESG Shipping Awards 2024 The Conference: Best Practices for a Sustainable Maritime Future

The ESG Shipping Awards 2024 THE CONFERENCE, a landmark event for the maritime industry’s ESG leaders, successfully concluded on October 18th, 2024, at the Ble Pavillon in Alimos, Athens. The…

Papastergiou to “N”: The plan to avoid digital bureaucracy

The digitization of the country has progressed significantly, the Minister of Digital Governance stated in an interview with “Naftemporiki”. What is required is not only digital services, but also the…

Greek TEN a world leader in aframax fleet

Tsakos Energy Navigation owns the largest fleet of dual fuel aframax type tankers in the world. The NYSE-listed company has a fleet of 74 vessels, of which 12 are under…

Which companies give breath to the Athens stock exchange?

Although the Athens Stock Exchange still remains far from its recent peaks, its +1.9% weekly gains seem to have improved investor sentiment. And this is largely due to the selective…

Shipping: The gap between Greeks and Chinese closes

The fleet of Chinese interests is rapidly developing, approaching the Greek-owned fleet, in terms of transport capacity (dwt). According to an analysis by the Laboratory of Marine Sciences, Technology and…

Piraeus port reducing losses in transit cargo

Losses to transit cargo at the port of Piraeus from the ongoing diversion of ships around the Cape of Good Hope due to the turmoil in the Red Sea are…

Τotal value of Real Estate Investment Companies’ portfolios up 14.7%

The total value of the portfolios of Real Estate Investment Companies increased by 14.7% in the first half of this year compared to the end of 2023. The 9 companies,…

Valachis to “N”: Fourlis aims to become a leading group in SE Europe

Fourlis Group CEO Dimitris Valachis spoke to “N” about the group’s strategy and development plan, which aims to establish itself as the leading retail group in Southeast Europe through partnerships…

Friday, 18 October 2024

Excitement Builds for IBIA Annual Convention in Athens

This year’s convention boasts a distinguished lineup of executives and industry experts who will tackle key issues facing the shipping and marine fuel sectors. Attendees can look forward to in-depth…

Tuesday, 15 October 2024

Government’s 10-week sprint: Bills on tax cuts, allowances, recruitment and personal doctor

The government is seeking to pass a series of crucial bills in the parliament before the Christmas holidays. Following the recent result of the European elections – with citizens sending…

SMEs and manufacturing are the driving force of growth

The need to formulate a new and flexible production model based on the proposals of healthy entrepreneurship and society was highlighted by the President of the Piraeus Chamber of Commerce…

Target Group in search of modern bulk carriers

Target group, owned by Antonis Komninos, is in the process of renewing its fleet. The group, which is housed in the old admiralty of Piraeus, is traditionally a boutique shipping…

DPort Services meets with port workers’ unions on Regulation for Dangerous and Heavy Work

The way is open for the inclusion of the workers at piers 2 and 3 at the Piraeus container terminal in the Regulation for Dangerous and Heavy Work, following a…

Hatzidakis: Significant progress in reducing bad loans

Minister of National Economy and Finance, Kostis Hatzidakis, in his speech in parliament, focused on the significant progress achieved in the reduction of bad loans and the strengthening of tools,…

Athens stock exchange: Cenergy, Quest and… Aegean’s reaction

Top pick Eurobank Equities sees the share of Piraeus Bank as a ‘top pick’ giving a target price of 6.24 euros (from 5.78 euros previously). The decision is based on…

Stylianidis: We support the fleet renewal of Greek shipping

A meeting on the program of “green” ships in the barren lines was held on Monday at the Ministry of Maritime Affairs and Insular Policy. Minister Christos Stylianidis had successive …

Economist: Urgent need for green investments in south-eastern Europe and Greece

The need and challenges for green investments in SE Europe and Greece dominated the Economist conference “Eighth Sustainability Summit for SE Europe & the Mediterranean – Re-inventing green leadership: Collectivity…

E-Commerce: Moderate growth rates in 2024

Greece followed the moderate growth rates recorded in e-commerce throughout Europe in 2024. According to the data of the European E-Commerce Report, published jointly by the Greek E-Commerce Association, E-commerce…

Alumil: Investment boom – Expands its international presence

Alumil is making new investments in its production facilities in Kilkis, the president and CEO George Mylonas announced. More specifically, the company is creating a robotic warehouse (an investment of…

Monday, 14 October 2024

8 green taxes putting pressure on incomes

Green taxes imposed in order to deal with the climate crisis reduce disposable incomes and put pressure on family budgets, but also on business turnovers, while new changes are expected…

LNG gains ground; the Greek shipowners’ plans

The number of ships using LNG in the global fleet is increasing significantly, while Greek shipowners are emerging as “strong” players in ships under construction with this particular fuel. Industry…

Hoteliers: The government’s measures may render Greek tourism uncompetitive

Hospitality industry professionals are expected to make complaints to Prime Minister Kyriakos Mitsotakis at the 2nd event of the “Reimagine Tourism in Greece” initiative, which aims, as the organizers emphasized,…

Quest Holdings acquires 70% of Benrubi SA

Quest Holdings signed an agreement for the acquisition of 70% of the share capital of Benrubi SA for a price of 27.2 million euros, while the total investment may rise…

Eurobank: Tour of Crete – Disbursements of 800 million in the last 5 years to local businesses

The management of Eurobank is on a tour of Crete from Monday, October 14, until Wednesday, October 16, 2024, reflecting the bank’s confidence in the prospects of the Cretan economy…

Athens stock exchange: National Bank’s distant memory, Titan’s correction and Softweb’s double score

Distant Memory The share of National Bank is moving steadily below the price of the recent placement (7.55 euros), struggling to find a positive pace. Only in four out of…

Gikas: Greece at the center of global interest for yachting and marine tourism professionals

Greece’s comparative advantages rank it second among the most popular yachting destinations, Deputy Minister of Maritime Affairs and Insular Policy Stefanis Gikas said at the opening ceremony of the 4th…

Tax dodgers in the nets of Independent Authority for Public Revenue

Hundreds of taxpayers and businesses have been caught in the “nets” of the prosecuting authorities, for laundering “black” money and are already facing “stingy” fines and criminal prosecutions. The economic…

Greece ranks last in the EU in investments as a percentage of GDP

Greece recorded “the largest percentage increase in the volume of investments in the European Union,” according to the announcement of the Finance Ministry. This is true, but equally true is…

Barba Stathis: Its contribution to GDP amounts to 507 million euros

BARBA STATHIS presented an increase in its socio-economic footprint in 2023 compared to 2019, according to the data recorded in a relevant study prepared under the scientific supervision of the…

Friday, 11 October 2024

Kontopoulos: The waiting list, the only case in the Eurozone and the marathon

The Athens stock exchange CEO, Yannos Kontopoulos, is a step closer to his big goal, which he set since the first day of assuming his duties, 2.5 years ago. FTSE…

Stournaras: As long as measures are not taken, the cost of climate change will rise

Studies have shown that the cost of climate change is about to increase, as long as no measures are taken to mitigate the phenomenon, Bank of Greece (BoG) governor, Yannis…

Shipping: The road to green transition is a “marathon”

The managing director of Prominence Maritime, Ioanna Prokopiou, characterized the big issue of the green transition in shipping as a “marathon” and not a “sprint.” Addressing the 5th Athens Triennial…

EcoLog: A green project in the UK

EcoLog, owned by shipowner Peter Livanos, went a step further in designing a network of ships and infrastructure for the transport of liquefied carbon dioxide. The company has signed a…

Special Spatial Planning of Tourism divides mining industry and tourism sector

The Special Spatial Planning of Tourism has triggered a conflict between the mining industry and tourism. According to the executives of the mining sector, it leads to a conflict of…

MED9 Summit: The issues on the agenda of the leaders of the European South

The leaders of 9 Mediterranean member states of the EU will meet on Friday in Paphos amidst critical developments in the Middle East. The Summit of MED9 (Greece, France, Italy,…

Hydrocarbons: Second phase of survey southwest of Crete by the ExxonMobil/Helleniq Energy joint venture

The Hellenic Hydrocarbons and Energy Resources Management Company (HEREMA) announced the successful completion of the first phase of exploration for hydrocarbons carried out by the ExxonMobil/HELLENiQ ENERGY consortium in the…

Hatzis sounds alarm over tourism performance – Excessive taxes weigh on competitiveness

Yannis Hatzis, president of the Panhellenic Hoteliers Federation, outlined the difficulties plaguing Greek tourism, in an interview with “Naftemporiki” TV. Looking to the future, Hatzis referred to the competition that…

IPTO: The second phase of the tender for the interconnections of the Dodecanese and NE Aegean

The second phase of the IPTO international tender begins, with the aim of concluding a framework agreement for the 150 kV AC submarine cable projects of the interconnections of the…

UniSystems provides AI solutions

UniSystems is advancing in the provision of services based on Artificial Intelligence. The IT company, a member of the Quest group, in collaboration with SmartRep, created through Artificial Intelligence the…

Thursday, 10 October 2024

Greece’s loan strategy projected to slow next year

Greece’s loan strategy will include a limited number of bond issues in 2025. According to the 2025 draft budget, key factors for next year’s planning are the high cash reserves,…

Latsis: Investment of 225 million euros for the construction of apartments for rent in Ellinikon

The construction of approximately 160 apartments for rent in Ellinikon is underway following the establishment of the special purpose company AURA Residential. This is a total investment of 225 million…

Job vacancies due to lack of skills

The development of businesses creates new jobs that are not easily covered, due to a lack of skills on the part of the workers, but also because many Greeks have…

Fraport Greece: Suspension of operation in 9 regional airports to upgrade runways

Nine regional airports will suspend their operation between November 2024 and February 2025 for runway upgrades, manager Fraport Greece announced. More specifically, the following airports will be affected. – Samos…

Pyatt to “N”: Greece’s amazing transformation into an energy hub

Greece’s transformation into an energy hub is amazing, Assistant Secretary at US Department of State Geoffrey Pyatt said in an exclusive interview with “Naftemporiki” and Michalis Psilos. Former US Ambassador…

Investments in new ship orders at peak levels

Investments in new ship orders have reached their highest level this year since the three-year period 2006-2008, when they reached an all-time high. According to Clarksons’ data, the market has…