English

Wednesday, 28 August 2024

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 August 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 August 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 August 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…

Andriopoulos: From McDonalds and Superfast to Dimand; the stock rally and the 180-million-euro profits

Dimand’s share has recorded an impressive rally, which exceeds +20% on the Athens stock exchange, having climbed from 8 euros to nearly 10 euros in two months. The founder and…

Athens – Piraeus a step higher as a global shipping center

The Athens/Piraeus ecosystem showed its strength in the field of ship management, gaining a place in the list of the world’s leading shipping centers. The survey, prepared on an annual…

Thursday, 22 August 2024

Banks: The reasons why stress tests will be stricter in 2025

The banking industry will face a “perfect storm” from the beginning of 2025 with the next, stricter stress tests that the European Banking Authority (EBA) will carry out together with…

How Greek workers became the poorest in Europe, even compared to Bulgaria

Why is purchasing power in decline when GDP is rising and unemployment is falling? This is essentially the big question and the thorn of the Greek economy. An economy that…

Greek-flagged tanker Sounion abandoned after Red Sea attack

An unmanned surface vehicle (USV) was successfully neutralized on Thursday morning by a frigate located at the site, which had been called to provide protection, at the request of the…

AADE: 52 businesses with undeclared e-sales of more than 18.5 million euros

The auditors of the Independent Public Revenue Authority (AADE) found that more than 52 businesses sold products on the internet without  declaring their income, as they did not issue the…

OLTH master plan: New infrastructure expansion investments 

Investments, building conditions and environmental commitments are included in the draft presidential decree of the Thessaloniki port master plan, which is already in the final stretch. The project for the…

Grid Telecom (IPTO) and Tamares are turning Cyprus into a connectivity hub of the Eastern Mediterranean

Grid Telecom and Tamares Telecom will join forces for the development and operation of a state-of-the-art cable station and coastal infrastructure in Cyprus. More specifically, Grid Telecom, a subsidiary company…

SMEs to continue investments despite the concerns of smaller companies

Small and medium-sized enterprises aim to grow and enhance their efficiency, making use of every financial tool through investments despite the uncertain economic environment and the lack of financial guidance.…

Bank of Greece: Travel receipts up 12.2% to 6,921.3 million euros in Jan-June

The balance of travel services showed a surplus of 5,553.1 million euros in January-June 2024, up from a surplus of 5,053.5 million euros in the corresponding period of 2023, according…

6 years without the troika: What the Greek economy has achieved after the nightmare of the memoranda

The Greek economy has been on a recovery path since 2018, the year that marked the end of an anti-growth economic policy, strict fiscal discipline and unpopular reforms, which were…

Wednesday, 21 August 2024

Navios: New investments and multi-year charters

The US-listed company spent 501.1 million dollars to boost its fleet with six new vessels and one modern second-hand vessel. In particular, it ordered four aframax/LR2 tankers, with a capacity…

Greek-flagged vessel Sounion attacked in Red Sea

Crude oil tanker Sounion reported being attacked by two small boats and struck by three projectiles in the Red Sea off Yemen on Wednesday, according to the United Kingdom Maritime…

Business mergers: Strong tax and development incentives

The financial staff is working on the latest details of the incentives to be offered in order to enhance extroversion and boost the growth of Greek businesses through mergers. The…

Bank of Greece: Current account deficit up 693.4 million euros in H1

The current account registered a surplus of 270.8 million euros in June 2024 compared to a deficit in June 2023, due to an improvement in the primary income account and,…

Greece imposes stricter limits on permissible exposure to harmful substances

The incorporation of a European Directive into national law, which strengthens the existing framework aimed at protecting the health of workers from exposure to harmful substances during work, is provided…

Houthi attacks have an impact on Piraeus port

Container traffic in the port of Piraeus slightly decreased in July 2024, due to the geopolitical developments in the Red Sea, as Houthi attacks against international shipping continue. The drop…

ASPIDES: There can be no solution to this crisis by military action alone

With all eyes turned on the Middle East amid fear of further escalation of tension in the region, the European operation ASPIDES continues to cooperate with the forces deployed in…

The next steps for Greece-Egypt power interconnection project

After the summer vacation break, the next steps are expected to be taken for the promotion of the Greece-Egypt energy interconnection project, according to “Naftemporiki” sources. The project, known as…