OPAP recorded strong performance during the second quarter of 2024, the company’s management noted during the presentation of the financial results to analysts. The company’s performance benefited from the dynamic…
The online basket of summer sales was reduced in value in 2024 compared to last year, according to Skroutz.gr. More specifically, the average basket price for purchases through Skroutz was…
Fitch Ratings has upgraded the credit ratings of Greece’s four systemic banks-National Bank of Greece, Piraeus Bank, Alpha Bank and Eurobank. More specifically, Fitch upgraded the credit ratings of National…
One of the main and stable pillars of the Athens Stock Exchange has been the energy sector, with the listed companies supporting the Greek market, taking advantage of the great…
There are two reasons why certain parts of the prime minister’s speech at the Thessaloniki International Fair (TIF) are expected to be “locked in” at the last moment. One is…
erman companies have expressed strong interest in investing in Greece, as the German Ambassador in Athens, Andreas Kindl, pointed out, in reply to a question from “Naftemporiki” during the press…
The fiber to the home and business (FTTH) volume discount agreement between OTE, Vodafone and Nova is coming into effect immediately, amid expectations that it will help increase service penetration.…
Sarantis is focusing on the expansion of its exports to the USA through Amazon, placing particular emphasis on the availability of Carroten sunscreen products, the company’s management said during a…
Aegean Shipping Management sold the oldest tanker in its fleet (10 years old), remaining committed to the renewal strategy of its already modern fleet. The Greek shipping company of George…
In July 2024, the weighted average interest rate on new deposits remained unchanged at 0.57%, while the corresponding rate on loans increased to 5.86%, the Bank of Greece (BoG) said,…
Greece’s inflation target of 2% seems difficult to be achieved. UBS sees inflation of around 3%, after data showed it accelerating over the summer. The Swiss investment bank, however, keeps…
The Hellenic Republic Asset Development Fund (HRADF), a member company of GROWTHFUND – The National Fund of Greece, announced the concession agreement for the development of the Marina of Pylos…
The Athens General Index shows an average return of 8.5% in the last 12 months, continuing to reward those investors who have trusted the prospects of the Greek listed companies.…
If the high prices in the wholesale markets persist for days, then we will have to look for deeper reasons why they remain at high levels, market sources said to…
Chinese giant Cosco Shipping placed an order to build 42 dry bulk carriers. This is a landmark transaction, as it is the largest shipbuilding and leasing contract since 2016, when…
Average occupancy rates in Athens hotels decreased by 1.9% in July 2024 compared to 2023 and 2023. In the seven-month period January-July, the average occupancy rate stood at 77.2% versus…
The prime minister has admitted injustices and mistakes in the current taxation regime of the self-employed. Therefore, brave corrective actions are expected from the government, according to the Central Union…
According to the announcement, the initial investment of 25 million euros is made with the joint participation of Aegean with the existing shareholders of Volotea in a capital increase of…
The Ministry of Digital Governance established a 9-member committee that will examine the need to readjust the limits of the public’s exposure to electromagnetic radiation from mobile telephony networks. The…
The towing of the Greek-flagged tanker MV “Sounion”, which carries 150,000 tons of Iraqi crude oil, is expected to take place under extreme secrecy. The two tugboats, accompanied by three…
The subsidy on September electricity bills was set at 1.4 cents/kWh. The prices of the “green” electricity tariffs for September have already been announced by the suppliers. In detail •…
The Ministry of Development will finance with 170 million euros strategic and emblematic private investments on green development over the next two months, which is expected to open new jobs,…
Attica Bank and Pancreta Bank are about to formally conclude their merger on Tuesday as the shareholders of the two banking institutions are expected to give the green light during…
Negotiations between the regulatory authorities of Greece-Cyprus and the Independent Power Transmission Operator (IPTO) had a happy ending with the parties reaching an agreement for the electrical interconnection between the…
The Union of Cruise Ship Owners proposed measures that must be taken for the movement of millions of passengers – tourists in a way that avoids the problem of hypertourism.…
Despite the large correction recorded in the product tanker market during August, freight rates are expected to recover due to favorable supply and demand data. As stated in the latest…
METLEN Energy and Metals announced that it has received two important certifications from the independent body TUV Nord for ISO standards 37002 and 37008, which cover every aspect of the…
Greece’s cruise sector will present record passenger numbers in 2024 and 2025, as Greece is one of the most popular destinations, while the ongoing crisis in the Red Sea is…
Τhe AustriaCard Holdings group is focusing on the emerging market of Neo and Challenger Banks and Fintech internationally, as the group’s management emphasized during the briefing to analysts. According to…
Intersections around the financial and administrative profile of businesses are accelerating, as the interface between the Independent Public Revenue Authority (AADE) and the General Commercial Registry (GEMI) will be operational…
Higher profits, a marginal decrease in revenue and a decrease in borrowings show Intralot’s first half results. The company is keeping the bar high on signing contracts in the North…
The Athens Stock Exchange is entering one of the most critical months of the year. Investors, gifted with an average return of 10% in the first eight months of 2024,…
Coastal shipping companies are rather active recently, in view of the initiatives of the Ministry of Shipping to secure European funding for the use of green technologies and the renewal…
The announcements of the foreign rating agencies for the Greek economy, which start in September, are awaited with great interest, with Moody’s evaluation being the most important, as it is…
The Hellenic Competition Commission gave its approval for the merger between Attica Bank and Pancreta Bank, marking a significant development in the Greek banking sector. The merger is expected to…
The 2024 summer sales were concluded amid pressure on operating costs and tax liabilities. The survey of INEMY-Hellenic Confederation of Commerce & Entrepreneurship reflects the concern in the market, as…
The group’s comparable EBITDA profits amounted to 570 million euros, a performance that sets the stage for a good year, despite the fact that the second half appears so far…
Greece’s unemployment rate stood at 9.9% in July, according to the data of the Hellenic Statistical Authority (ELSTAT). In the corresponding month of 2023, unemployment was at 11.1%, while it…
The average turnover of Greek businesses that received services from the Enterprise Europe Network Hellas consortium increased by 35.5%, according to the survey on the quality of services of the…
Austria Card Holdings AG Group is on track to achieve or exceed its forecast for 2024, the company’s management said during the release of its six-monthly financial results. “We confirm…
All eyes are turned on the restructuring of the MSCI indices on the last day of the summer. More specifically, a rebalancing will take place, with the Motor Oil share…
Discussions are underway with the administration of TIF-Helexpo SA, for the declaration of Japan as an honored country in the 2026 Thessaloniki International Fair (TIF), the Japanese ambassador to Athens,…
Foreign Minister George Gerapetritis met with his Turkish counterpart Hakan Fidan on the sidelines of the informal meeting of the EU Foreign Affairs Ministers in Brussels. According to diplomatic sources,…
A significant increase in new applications for pension were recorded in the labor market, according to EFKA data for the first half of the year. An additional incentive is now…
The Athens Stock Exchange may have fully recovered the losses from the sell off of August 5, when the General Index lost 6.2% and fell to 1,341 points, but there…
Turnover in 8 out of 10 businesses was the same or even lower during the summer sales compared to last year, according to the results of the six-monthly survey of…
The government said that the implementation of the measure concerns not only the pre-election commitment, but mainly the reduction of unfair burdens. A reduction that is part of the general…
The State has identified the first 447 properties to be exploited as part of the measures to address the housing problem, through 365,853 properties that have been included in the…
According to BoG, the annual rate of change of the total financing of the domestic economy remained unchanged at 3.7% in July 2024, compared to the previous month. The annual…
“We are coming to the informal Council of Foreign Affairs, in an extremely difficult and sensitive period for international security,” Foreign Minister George Gerapetritis said upon his arrival at the…
