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Friday, 31 January 2025

Xenokostas (ONEX): Greek shipyards can build ships at lower prices but HNGF prefers cooperation with foreign companies

The president and CEO of ONEX Shipyards & Technologies and president of the Board of Directors of the Association of Hellenic Shipyards, Panos Xenokostas, referred to the restructuring of the…

Athens stock market hits 14-year high

The Athens Stock Exchange closed on Thursday at the highest levels of the last 14 years, driven by the improved climate in Europe and the new interest rate cut by…

Thursday, 30 January 2025

Greece and the UK sign MoU on merchant shipping 

Minister of Maritime Affairs and Insular Policy Christos Stylianides met with the Secretary-General of the IMO Arsenio Dominguez  in London. During the meeting, they discussed the challenges related to the…

Elefsis Port Authority: Invitation to businesses for cargo transport through the port

The Elefsis Port Authority S.A. urged companies operating in Western Attica to choose the port for the transport of their goods, in order to reduce the time and cost of…

Microsoft: The roadmap for data centers in Greece

Microsoft’s first owned data center in Spata is currently under construction, with a capacity of 19.2 MW. The company also announced its plans for the provision of Cloud and Artificial…

Quality & Reliability acquires 60% of SysteCom for 1.5 million euros

IT and technology company Quality & Reliability SA is entering the cybersecurity sector, with the signing of a legally binding agreement with the sole shareholder of SysteCom SA, acquiring 60%…

Strategic partnership between Dynamic Group of Companies and Green Award Foundation

The Green Award Foundation joins the Dynamic Group of Companies as an official incentive provider. According to the announcement, the Greek group, which is characterized as a pioneer in the…

HEDNO: The installation of cold ironing in ports is progressing

Hellenic Electricity Distribution Network Operator S.A. (HEDNO) project for the implementation of cold ironing in Greek ports is progressing. More specifically, seven studies on the electrification of ships during docking…

Microsoft: Works in Spata and Paiania are advancing

Microsoft’s strategic investment is underway, with works in Spata and Paiania rapidly advancing. The General Manager of Microsoft Greece, Cyprus & Malta, Yanna Andronopoulou, provided information on the progress of…

Memorandum of Cooperation between HELMEPA and the Hellenic Shortsea Shipping Shipowners’ Association

The signing of a memorandum of cooperation between the Association of Greek Ports (ELIM) and the Hellenic Marine Environment Protection Association (HELMEPA) was held in the Piraeus Port Authority (PPA)…

Chinese Ambassador: Greece-China share a deep bond founded on mutual trust, understanding and support

XRTC Business Consultants and the China Classification Society (CCS) cut the New Year’s cake in the presence of the new ambassador of the People’s Republic of China to Greece, Fang…

PPC Group inaugurates new RES control room in Romania

A new, state-of-the-art control room, capable of optimizing the production of the company’s increased portfolio of wind and photovoltaic parks, was inaugurated in Bucharest, in the presence of representatives of…

Wednesday, 29 January 2025

Norse Atlantic: Athens- Los Angeles with direct flight

A new route between Los Angeles International Airport (LAX) and Athens International Airport “Eleftherios Venizelos” will be launched by Norwegian low-cost airline Norse Atlantic in June. “A dream comes true,”…

United Maritime Corporation: Capesize sale

United Maritime Corporation, a NASDAQ-listed company, announced on Tuesday that it has entered into an agreement with an unrelated third party for the sale of its oldest Capesize vessel. The…

Changes in Nova in anticipation of the sale

Nova announced administrative changes linked to its sale. More specifically, administrative changes have been implemented at OTE as well as at Vodafone Greece. The three telecommunications providers are now facing…

Greece maintains its leading role in critical mineral raw materials

Greece’s important position in the European and international ranking of Mineral Raw Materials was once again confirmed by the latest official figures. According to industry officials, the estimates for the…

Hatzidakis: The four key sectors in the economy

The government will focus on four priority areas – investments, exports, healthy competition and strengthening of the competitiveness of the economy, Minister of National Economy and Finance, Kostis Hatzidakis, underlined…

9.81% of Greek businesses have embraced Artificial Intelligence

Greek companies have almost tripled their adoption of artificial intelligence in a year, registering an annual increase of 5.83%. However, in Greece, 9.81% of companies use artificial intelligence tools, compared…

Titan: High expectations for the listing in New York

Titan is seeking to raise up to 0.5 billion dollars from the listing of its subsidiary, Titan America, on the New York Stock Exchange. The majority of these funds (at…

Seanergy Maritime Holdings acquires two vessels for 69 million dollars

Seanergy Maritime Holdings Corp announced the acquisition of two Japanese-built vessels, with the total cost amounting to approximately 69 million dollars. More specifically, the company completed the agreement for the…

Titan America seeks up to 3.3 billion dollars valuation in US IPO

Titan Cement International SA has announced the launch of an initial public offering (IPO) for its subsidiary, Titan America SA, to issue 24 million ordinary shares. The company is issuing…

Food industry acquisitions surge gathers momentum

The domestic food industry is experiencing a surge in mergers and acquisitions lately, with strategic investors and funds recording significant returns. For many food businesses, mainly small and medium-sized ones,…

Tuesday, 28 January 2025

The strategy for making the Greek flag more appealing to shipowners

The strategy for bolstering the Greek flag to make it appealing to Greek shipowners was described by the chairman of the Greek Shipping Cooperation Committee in London (Committee), Charalambos Fafalios.…

Aris Mitsopoulos: Rafarm implementing a 120 million euro investment program

RAFARM Vice President Aris Mitsopoulos refers to the positive impact of the Greek pharmaceutical industry on the GDP of our country, to the contribution of Rafarm, a historic and pioneering…

Nova’s strategic priorities for 2025

Nova, a member of United Group, the leading telecommunications and media provider in Southeastern Europe, and the second largest provider of fixed, pay-TV and fiber-to-the-home (FTTH) infrastructure in Greece, is…

Alpha Bank acquires 100% of FlexFin, a fintech company in the factoring sector

Alpha Bank announced the acquisition of 100% of Flexfin with the aim of merging it with ABC Factors and creating the most innovative factoring company in Greece. Flexfin is the…

Salary fails to meet the needs of 55.5% of Greeks

A new reality, in which neither salary nor savings are enough, is identified for a large portion of Greeks by a Focus Bari survey that aims to capture the perceptions…

A 10-milllion-euro Chinese investment to be implemented in Kavala

An investment of around 10 million euros for the production of new technology LED lighting for outdoor and indoor spaces is being launched in the Kavala region by the Chinese…

Arab stakeholders acquire 60% of Hellenic HealthCare Group

Abu Dhabi’s PureHealth Holding PJSC is buying a majority stake in Greek hospital group HHG from fund CVC Capital Partners, boosting the emirate’s efforts to expand into the healthcare sector…

Motor Oil -Terna Energy to develop first offshore wind park

Motor Oil and TERNA ENERGY are jointly developing the first Offshore Wind Park in the country. The procedures for the participation of the Motor Oil Group, through its subsidiary Motor…

Kefalogianni: Changing travel habits due to climate change

Tourism Minister, Olga Kefalogianni, stressed the importance of the green transition in the tourism sector, describing it as crucial for achieving the goals of sustainability and environmental protection. The Minister…

Hellenic Development Bank launches Microfinance Fund

The newly established Microfinance Fund began its operation on Monday with the three specialized microcredit/microfinance institutions licensed by the Bank of Greece. It is managed by the Hellenic Development Bank…

Robust tourism investments in Northern Greece

Ιnvestment interest in the tourism and hotel sectors in the region of Eastern Macedonia and Thrace has rapidly increased recently, mainly on the coast of Kavala and Thassos, with a…

Monday, 27 January 2025

ELETAEN: Central Greece a champion in wind installations

The wind power connected to the grid reached 5,355 megawatts (MW) at the end of 2024, according to the annual Wind Energy Statistics released by the Hellenic Wind Energy Association…

METLEN invests in new RES Projects in Italy

METLEN Energy & Metals further expands its presence in Italy by securing 67.9 million euros in financing for the construction of 71.5 MW through five large-scale solar parks. These projects…

Aktor Group: Share capital increase oversubscribed; demand reaches 225 mln

The Aktor Group’s share capital increase was oversubscribed, with demand amounting to 225 million euros, according to an official announcement by the Group. “The Group of Companies informs the investors…

7 billion taxpayers under the microscope of the tax office

The Property Ownership and Management Registry is expected to be launched in February. Through its activation, the Independent Authority for Public Revenue (AADE) will have a complete and accurate picture…

Greek shipowners maintain their leadership in the tanker fleet

Greece’s shipping industry maintains a leading role in the energy transport sector at a global level year with tankers dominating for another year and the value of the blue and…

Large-scale investments in data centers

The Environment and Energy Ministry and the Digital Governance Ministry are laying out a plan for 5-billion-euro investments in data centers in Greece by 2030 based on a study prepared…

IRIS system mandatory for all businesses -Transactions in 10 seconds

After freelancers, businesses are called upon to activate the IRIS direct payment system within the year. The relevant provision will be included in the bill of the National Economy and…

Global shipping community discusses energy transition in Athens

The issue of decarbonizing shipping in view of the meeting of the competent Committee of the International Maritime Organization (IMO), which is expected to approve a global mechanism for determining…

Aktor: Share capital increase oversubscribed – The next steps

The 200-million euro share capital increase of Aktor Group has been reportedly oversubscribed. The relevant official announcements are expected early this week. The share capital increase – according to the…

Critical raw materials: Investment fever in Greece

The strong business activity observed recently in the mining and quarrying industry is laying the foundation for the faster exploitation of critical mineral raw materials in the Greek subsoil. Metlen’s…

Friday, 24 January 2025

Sani/Ikos hospitality Group invests in education and employment growth in tourism

On the International Day of Education, Sani/Ikos hospitality Group reaffirms its commitment to education as a key driver of growth and innovation in the hospitality sector. Through strategic investments in…

PwC and Microsoft upgrade Thessaly into an innovation hub

PwC has announced the opening of the PwC x Microsoft Excellence Center, a new center of excellence in Thessaly, based in Volos. Its purpose is to operate as a center…

IRIS: Expansion to all businesses in 2025

A provision for the expansion of the IRIS direct payment system to all businesses will be included in the bill of the National Economy and Finance Ministry for the strengthening…

ThPA’s open public tender is a “puzzle”

The open public tender for 21% of the share capital of the Thessaloniki Port Authority (ThPA.) by LeonidsPort B.V. of the Louis-Dreyfus business family is turning into a difficult challenge.…

ELSTAT: Greek households disposable income up 3 billion in Q3

Greece’s disposable income of households and non-profit institutions increased by 3 billion euros in the third quarter compared to the corresponding quarter of the previous year, according to data published…

IOBE: The path of the economy is an open question due to international instability

The Foundation for Economic and Industrial Research (IOBE) estimated in its quarterly report an annual growth of +2.4% in 2025, at the same levels as last year. A more moderate…

Ideal Holdings acquires Barba Stathis for 130 million euros

Ideal Holdings has reached an agreement with Frozen Holdings for the acquisition of 100% of the company Barba Stathis S.A., as well as 90% of Halvatzis Makedoniki S.A., a subsidiary…