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Friday, 30 Αυγούστου 2024

Gerapetritis calls on Fidan to avoid tension between the two countries

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,…

Pension applications soar-Insurance system under pressure

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…

Athens Stock Exchange: Which stocks have not recovered from the August 5 sell off

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…

Summer sales: Lower or same turnover for 8 out of 10 retail companies

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…

Thursday, 29 Αυγούστου 2024

Greece mulls reducing income criteria by 30% in 2025

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…

Housing policy: List of first 447 properties for exploitation

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…

BoG: Deposits decreased by 607 million euros in July

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…

Gerapetritis: Turkey’s European path must be based on respect for international law

“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…

What caused the 1%-400% increase in drug prices?

The cost of drugs will increase for Greek citizens following the government’s price adjustment in more than 900 products. This move was deemed necessary, as, according to Health Minister, Adonis…

Hatzidakis: Tax incentives for angelinvestors and the commercial exploitation of patents

The financial staff presented the innovation and merger incentives bill during the cabinet meeting. Following the disbursement of the 4th payment request for the 1-billion-euro subsidies in October, Greece will…

Imperial Petroleum records higher profits

Imperial Petroleum, owned by Haris Vafias, recorded net income of 19.5 million dollars in Q2 2024, up 2.8 million dollars from Q1 and up 2.7 million from Q2 quarter of…

Russian fleet entering the LNG sector

After developing a “shadow” fleet of tankers, the market analysts’ estimates that Russia is now building its own fleet of LNG carriers to counter Western sanctions are confirmed. The US…

Shipowners opt for used bulk carriers and new tankers

Shipowners are buying used bulk carriers and building tankers, according to the latest data on shipping deals. In dry cargo, the weekly report published by shipbroker Xclusiv Shipbrokers shows strong…

Fourlis: Strategic agreement with Foot Locker

Fourlis Holdings SA announced a new strategic agreement in the sports industry through the signing of licensing agreements with Foot Locker. The deal aims to further expand its store network…

Wednesday, 28 Αυγούστου 2024

Updated Eispraxis system brings confiscations

The Independent Public Revenue Authority (AADE) proceeds with a series of confiscations on taxpayers with overdue debts to the tax office, activating the new “big brother” from the beginning of…

Business lending in the eurozone slows down

Bank lending in the Eurozone remained sluggish in July, due to the wait-and-see stance ahead of the European Central Bank’s rate cut. According to ECB data, a small increase in…

Athens stock exchange: How it will overcome the stagnation of the last days

The Athens Stock Exchange continues to show stagnation in the last few days, waiting for  investors to return from holidays in order to start moving forward. For eight consecutive sessions,…

Open Letter to the Greek public opinion and to the EU Embassies in Greece,regarding the dire consequences of inviting the Turkish FM to the EU`s informal Council, of August 29th,2024

The invitation, addressed by the EU to the Turkish Foreign Minister Hakan Fidan to participate  along with his  27 EU colleagues  in their upcoming  meeting of August 29th, is nothing…

Cenergy Holdings: Strong performance in the first half of 2024

Cenergy Holdings aims at its further development and for this purpose it is considering an increase of its share capital by 200 million euros. The aim is to strengthen Cenergy’s…

IRIS: The deadline to register in the direct payment system extends to Sept 2

Τhe deadline for freelancers and the self-employed to connect their business account to the direct payment system expires οn Monday, September 2. Through the IRIS system, they are allowed to…

Independent Authority Labor Inspectorate: Large number of violations detected in Digital Work Card

In terms of the violations detected in the labor market, the Digital Card is in second place, as it appears from the inspections carried out by the Independent Authority Labor…

Athens stock exchange: The winners and the losers of the summer

The Athens General Index has remained almost unchanged in the last quarter, which coincides with the three summer months of the year, confirming for another year that investors refuse to…

Storm Daniel: 100 million euros from the Recovery and Resilience Facility

The Commission has proposed financial support, amounting to 101.5 million euros, from the EU Solidarity Fund, to deal with the damages caused by the floods in September 2023 due to…

Tuesday, 27 Αυγούστου 2024

My House 2 program: Speeding up for the final terms before TIF – The income limit for single people enhanced to 20,000

There will be more beneficiaries who will be able to acquire a residence through the “My Home 2” program as the income criteria are expanded, starting with the single person…

The olive oil crisis is heading to its end, but will prices fall?

The olive oil crisis seems to be coming to an end. After two years of drought in southern Europe, during which production collapsed and olive oil prices skyrocketed, industry forecasts…

UN condemns the Houthi strike on a Greek-owned ship – SOS for the Red Sea

“We unequivocally condemn the attacks on the vessel, which endanger the ecosystem, the people and the seamen,”  the UN said referring to the Houthi attack on the Greek-flagged tanker Sounion,…

“The employment conditions in the PPA and the contribution to the Greek labor market”

Since 1972, when diplomatic relations between Greece and China were established, the two countries enjoy good relations. During the last decade Greece and China have increased their cooperation, especially in…

The performance of Greek refineries on the spotlight

Investors are turning to the corporate figures of the two refineries, with Motor Oil making the debut on Wednesday (28/8). On Thursday (29/08) is the turn of Helleniq Energy, announcing…

BioNTech to “N”: We are preparing vaccines for other cancers besides lung cancer

The news that trials of the world’s first mRNA vaccine for lung cancer have begun in patients spread quickly in the previous days with experts talking about “groundbreaking” possibilities and…

Price rises brewing for Greek consumers

A series of price increases is expected to affect family budgets as of September. More specifically, new increases in basic products such as oil, dairy products, fruit and vegetables are…

“Greece ranks 16th in terms of household net disposable income”

On the occasion of two articles published by KEPE regarding the salaries, wages and purchasing power of Greek citizens and especially families with children, the Ministry of National Economy and…

Greek budget: Tax revenue climb 2.19 billion above the target in 7 months

Tax revenues rose by 2.19 billion euros compared to the target in the period January-July 2024, according to the state budget execution data, on a modified cash basis. More specifically,…

Monday, 26 Αυγούστου 2024

Intralot extends its contracts in Ireland and the Netherlands

Intralot announced that its subsidiary in Ireland, Intralot Ireland Ltd., has signed a three-year (3) contract extension, through November 2027, with Premier Lotteries Ireland DAC (PLI). This extension allows Intralot…

Greek shipowners sign long-term charter agreements

Greek shipowners are capitalizing on the demand of container ship charterers for multi-year contracts. The crisis in the Red Sea has drastically changed the landscape of the containerships market. At…

Tourism a blessing and a curse at the same time

We are at the peak of the tourist season and the first conclusions, not so much about the financial results, but about the problems that have accumulated in the sector,…

The plan to raise salaries in the private sector – Collective labor agreements is the key

Only 31.6% of workers in the private sector are covered by a Collective Labor Agreement, something that negatively affects wages. This is a result of the financial crisis and memoranda,…

“Daleela” will continue to connect Greece – Cyprus

Cyprus decided to extend the Agreement for the execution of the Cyprus-Greece Maritime Passenger Connection for a further 3 years (2025, 2026, 2027). It is noted that this particular line…

Bank of Cyprus to return on the Athens stock exchange as soon as September

Bank of Cyprus has been absent from the Athens stock market for almost eleven years and six months. However, this is expected to change, as the “renewed” and freed from…

Aspides operation: Greek-flagged vessel Sounion still on fire; no signs of oil spill

The Greek-flagged ship Sounion has been on fire since August 23 after an attack by Yemen’s Houthis with no obvious signs of an oil spill, EU Red Sea naval mission…

Mitsotakis at TIF: Measures are contained due to the implementation of new fiscal rules

The implementation of the new fiscal rules narrows the margins of the financial staff for granting benefits in the next period of time, in view of the Prime Minister’s speech…

Water shortage in Greece: EYDAP enhances the water supply network of Athens

The Athens Water Supply and Sewerage Company (EYDAP) has resorted to the extra sources of water supply to enhance the network due to the prolonged water shortage. “These are the…

Greek government’s plans to enhance the supply of rental houses

The housing crisis – skyrocketing rents and lack of housing supply – is one of the issues that Prime Minister, Kyriakos Mitsotakis, will raise at the upcoming Thessaloniki International Fair…

Friday, 23 Αυγούστου 2024

Papastratos: Extroversion strategy – Higher exports by 58 million euros

Papastratos’ financial results  moved upwards in 2023, reflecting the company’s extroversion strategy but also the dynamics of the investments it has made in recent years for its evolution into a…

C3is (Haris Vafias): Turnover soars to record high

C3is Inc., owned by Haris Vafias, seems optimistic that it can cope with the risks and challenges that accompany the shipping market. “The shipping industry is at a critical juncture…

RescEU: Production of the new Canadair starts

The European Commission announced that the production of 12 new DHC 515 firefighting aircraft, an improved version of the Canadair 415, is underway. These aircraft will be permanently stationed in…

AADE to launch digital audits on licence plates, customer lists and property owners in September

The Independent Public Revenue Authority (AADE) is speeding up the procedures for the implementation of a series of new digital audits as of September. From next month, the digital control…

Cosmote TV and Netflix: Two services with one subscription

Telekom Group’s collaboration with Netflix through COSMOTE TV is expanding. COSMOTE TV subscribers will be able to enjoy even richer television and film content, earning a 2.0-euro discount, having the…

Kotzamanidis: The beginning, the stock rally and the 23-million-euro gains

The company was listed on the Alternative Market of the Athens Stock Exchange with a turnover of 7.1 million euros and net profits of 1.1 million euros. The gradual expansion…

PPA: The port’s workplace safety regulations are fully in line with current legislation

The regulations of the Piraeus Port Authority SA are fully harmonized with the current legislation for the protection of health and safety in the workplace, according to a statement by…

Lakki Leros: Restoration of the port with a budget of 800,000 euros

The project of restoring the port of Lakki on the island of Leros, where passenger ferries of the Piraeus-Rhodes line approach, has been included in the National Recovery and Resilience…