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Wednesday, 13 November 2024

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…

AADE automatically issues tax identification number to children up to 12 years

The Independent Authority for Public Revenue (AADE) will automatically issue a tax identification number to children up to 12 years of age as of Monday. The issuing will be carried…

Kontos: Austriacard Holdings AG is evolving into an international applied technology group

Based on the legacy of 127 years of history and uninterrupted presence in the market, Austriacard Holdings, formerly Inform Lykos, is evolving into an international applied technology group, with a…

Mitsotakis at Grant Thornton event: We can avoid a trade war with the US

I spoke with newly elected US President Donald Trump to congratulate him on winning the elections, while stressing the very good relations between the two countries, Prime Minister Kyriakos Mitsotakis…

Monday, 11 November 2024

Mitsotakis speaks with US President Donald Trump; invites him to Greece

Greek Prime Minister Kyriakos Mitsotakis spoke on Monday with newly elected US President Donald Trump, congratulating him on winning the elections. During their call, Mitsotakis underlined the significance of the…

The impact of US President Trump election on shipping

The two plus one possible effects for the shipping industry, but also for Greece, from the election of Donald Trump to the presidency of the USA are analyzed in “N”…

PCT awards scholarships, promoting social contribution activities

Piraeus Container Terminal S.A. (PCT), a subsidiary of COSCO SHIPPING Ports Limited, has been active in the field of container management in the Port of Piraeus since 2009, through the…

Measures under consideration to open closed apartments

Concerns expressed through the public consultation on the mini-tax bill, about the stringency of the conditions for a property that is closed or available for short-term rent to be provided…

Okeanis Eco Tankers reports lower profit on weaker charter revenue from eight VLCCs

Okeanis Eco Tankers (OET) reported a slowdown in third-quarter and nine-month profit and revenue, due to weaker charter revenue from eight VLCCs. The company listed on the New York Stock…

Performance Shipping: Net profit of 12.4 million dollars in Q3 

Performance Shipping, a global shipping company specializing in tankers owned by the Paleos family, remained on a profitable track in the third quarter of the year. For the third quarter,…

Green light to subsidize optical fiber connections with a speed of 250 Mbps and above

The signing of the Joint Ministerial Decision (JMA) which sets out the procedure and conditions for the provision of the demand boost voucher for optical fiber connections to homes and…

10th Export Summit: Investments the only way to sustainable development and prosperity of the Greek economy

The importance of investments as the only way to the sustainable development and prosperity of the Greek economy will be the message of the 10th Export Summit organized by the…

Salamis Shipyards: Expansion of cooperation with Naval Group in the FDI program

Salamis Shipyards announced the signing of a new six-year framework agreement with Naval Group for the Follow On Support of FDI Belh@rra frigates. The agreement was signed during the company’s…

EU sources: Positive messages for Greece, but also a signal for acceleration in investments, reforms

Greece has ceased to be the weak member of the eurozone. Its public debt is falling, it is generating high primary surpluses and GDP is growing much faster than in…

Banks: Profits of 3.7 billion euros in 9-months – Higher dividend

Greece’s four systemic banks revised upwards their annual goals for profitability and credit expansion, as well as for the dividend they will distribute over the next two years, receiving a…

Friday, 08 November 2024

WTM 2024 confirms positive momentum for Greek tourism

The World Travel Market (WTM) was concluded in London with the confirmation that Britain will remain the country’s leading tourist market in 2025 and the hopes that Greece will succeed…

Metlen: 2.2-billion-dollar solar projects in Alberta, Canada

Metlen Energy & Metals will produce 2.1 terawatt-hours of energy per year powering 2,000 homes through the five 2.2 billion-dollar solar projects held in its investment portfolio in Alberta, Canada.…

Average salary: Greece third to last in the EU

The average salary may have increased in Greece in 2023 compared to 2022, but the percentage was lower compared to the rest of the European countries, as a result of…

Kefalogianni at Monocle: Greece’ strategy focuses on sustainable tourism and extension of tourist season

Tourism Minister, Olga Kefalogianni, was the official guest at an event held at the offices of the internationally renowned media brand Monocle. She spoke with the magazine’s editor-in-chief, Andrew Tuck,…

Nestlé celebrates its 125-year anniversary in Greece

Nestlé celebrates 125 years of presence and continuous supply in the Greek market this year. The CEO of Nestlé Hellas, Nikos Emmanouilidis, stated on the anniversary: “Our 125 years of…

National Bank: Organic profit after taxes about 1 billion euros in 9-month

National Bank announced organic profits after taxes of 983 million euros in the first nine months of 2024 (15% annual increase). Following are the main financial figures, based on the…

Kefalogianni holds bilateral meetings to promote tourism cooperation

The promotion of tourism cooperation dominated the bilateral meetings between Tourism Minister Olga Kefalogianni and her counterparts on the sidelines of the international tourism exhibition World Travel Market (WTM), held…

Antonopoulos (Alpha Asset Management): Recovery of mutual funds

The CEO of ALPHA Asset Management, Panagiotis Antonopoulos, spoke on Naftemporiki TV about the savings of Greeks in deposits and real estate. “Greeks are well informed about interest rates,” he…

MSC Cruises: Mediterranean cruises from Piraeus port in the winter season

MSC Cruises sets sail for its first winter cruise season from Greece, with weekly departures from Piraeus to Mediterranean destinations. MSC Sinfonia will sail every Monday throughout the winter season,…

Exarchou (AKTOR): The best time to be active in construction in Greece

This is probably the best time to be active in the sector of construction in Greece and Romania, where the AKTOR Group operates, the president and CEO of the Group,…

Thursday, 07 November 2024

Iconic investments are changing the tourism map

Αlthough Greece is a mature tourist market, it has a lot of scope for development, with iconic investments able to give new, strong, dynamics to the economy. However, this does…

Coffee Island extends its presence in India

Coffee Island announced that it will gain a presence in the Indian market at the beginning of December. Meanwhile, after the opening of the fourth store in Egypt, the company…

Stournaras: Innovative fiscal solutions for Public Debt in the Eurozone

The Governor of the Bank of Greece, Yannis Stournaras, spoke about the need to adopt innovative and sustainable fiscal solutions due to the increase in Public Debt in the Eurozone,…

Kefalogianni inaugurates World Travel Market with Greece as the honored country

Tourism Minister Olga Kefalogianni inaugurated the international tourism exhibition World Travel Market (WTM), as Greece was the honored country. Greece had a strong presence at the exhibition, with the participation…

Greek companies seek to expand their innovation footprint

Greek entrepreneurship is seeking to expand its presence in the sector of innovation, after the drop shown by the relative index during the period 2020-2022, according to the recent data…

Hatzidakis: Institutional framework for the taxation of cryptocurrencies and the fight against illegal activities

The development of an effective and fair institutional framework for the taxation of cryptocurrencies, alongside the integration of international consumer protection legislation, was announced by the Minister of National Economy…

Diana Shipping aims to reduce its fleet carbon intensity by 20%

Diana Shipping has set a goal to reduce by 20% the carbon intensity of its fleet until 2028. As part of its green policy, Diana Shipping is committed to new…

Manousakis (IPTO): Electrical infrastructure and commercial utilization of RES

The President and CEO of the Independent Power Transmission Operator (IPTO) Manos Manousakis described the “green transition” as a huge opportunity for Greece, during his speech at the 7th Athens…

52.48% increase in successful out-of-court settlements in October

New applications for out-of-court debt settlements, as well as the number of successful settlements outside of court, both rose in October 2024 compared to the same month the previous year, …

Hellenic Cables: High and extra high voltage cables to France

Hellenic Cables, the cable division of Cenergy Holdings, was selected by RTE (Réseau de Transport d’Électricité) to supply 170 km of 90kV cables, 420 km of 225kV cables, their related…

Wednesday, 06 November 2024

GEK Terna stresses need for National Strategic Infrastructure Plan

GEK Terna Group executives stressed the need to prepare a National Strategic Infrastructure Plan, so that companies can take the proper business decisions and plan the required investments in skills,…

Naval Group extends its cooperation with Greek industry

Naval Group signed new contracts with Greek companies at the Greek stand of the Euronaval exhibition, in coordination with the Hellenic Manufacturers of Defense Materiel Association (SEKPY), continuing its commitment…

Greece assumes the presidency of the European Shortsea Network

The Hellenic Shortsea Promotion Center (SPC Greece) assumed the presidency of the European Shortsea Network. ESN is the European body for the cooperation, promotion and development of shortsea shipping, handling…

PM Mitsotakis congratulates Trump on his election victory

Greek Prime Minister Kyriakos Mitsotakis congratulated Donald Trump on his election victory on Wednesday. “Congratulations Donald Trump on your election victory. Greece looks forward to further deepening the strategic partnership…

Theodorikakos: Productivity and strong competitiveness means less taxes and higher income for citizens

Greece needs to proceed with its productive transformation and strengthening of its extroversion, Minister of Development Takis Theodorikakos said at the 7th Athens Investment Forum: “Greece as a Stable Development…

Draft law on tax cuts – 400 million euro supplementary budget

A supplementary budget of 400 million euros for the immediate financing of important projects and infrastructures was submitted as part of the tax bill, which was put to public consultation…

Psaltis (Alpha Bank): Extroversion is the prerequisite for Greece’s economic growth

Greece can be a key growth pillar in SE Europe, the CEO of Alpha Bank Group, Vassilis Psaltis, said from the stage of the 7th Athens Investment Forum. Psaltis highlighted…

Navios Maritime Partners announces higher revenue on bullish bulk market

Navios Maritime Partners announced an increase in revenue which was attributed to higher profits from the bulker market. More specifically, the US listed company recorded revenue of 340.835 million dollars…

Michailidis (TERNA): Debt repayment, realistic costs and human capital are the conditions for infrastructure development

Visibility in the planning of projects, timely payment of debts from the State, realistic review of costs and incentives for the employment of new workers in the construction industry are…