Motor Oil Group held an emergency shareholders meeting providing consent for a) the purchase from the company MANETIAL LIMITED, a 100% subsidiary of MOTOR OIL (GREECE) CORINTH REFINERIES SA, of…
Tsakos Energy Navigation secured 245 million dollars in financing for its investment program. The listed company on the US stock exchange has accelerated its efforts in order to green its…
Minister of Digital Governance, Dimitris Papastergiou, announced the first step of abolishing the issuance of certificates and providing digitally citizens’ data, after their consent, in order to carry out an…
The implementation of the ONEX-ROBERT ALLAN agreement for the construction and production of 30 tugboats, an investment worth at least 280 million euros, has begun at the Elefsis shipyards. Last…
The credit standards for loans to non-financial corporations (NFCs) remained unchanged in the second quarter of 2024, while the terms and conditions for corporate loans eased, the Bank of Greece…
Motor Oil Group held an emergency shareholders meeting providing consent for a) the purchase from the company MANETIAL LIMITED, a 100% subsidiary of MOTOR OIL (GREECE) CORINTH REFINERIES SA, of…
Greece is still faced with the problem of brain drain, even after the end of the memoranda, the return to positive growth rates, the increase in wages and the reduction…
According to BoG, this year will end with the harmonized index standing at 3% compared to 2.5% in the Eurozone, while placing the next rate cut by the ECB and…
The need for a holistic approach to the development of tourist ports and berths for pleasure boats is pointed out to “Naftemporiki” by representatives of the sector. Greece is one…
Greece’s large construction groups are seeking stable cash flows in order to be prepared in case of future difficult times. For GEK Terna, Intrakat, Avax and Metka stable cash flow…
Foreign investors have invested more than 1 billion euros in the Greek payments industry over the last two years, according to Nikos Papadoglou, Deputy CEO of Nexi Greece. Papadoglou pointed…
The management of Plaisio focuses on maintaining the multi-product, multi-customer and multi-channel business model, according to the financial data of 2023. The company features 25,000 branded and private label technology…
Aiming at tackling piracy but also with an eye on the viability of pay TV, Cosmote TV and Nova entered into an agreement to exchange their sports channels. As of…
On July 13, 2024, the Salamis Shipyards delivered the 5 pre-equipped blocks of the second- and fifth-series FDI French frigate, built at the Salamis Shipyards, and are already traveling from…
“We are turning the page, without changing our DNA. Our new name, Metlen Energy & Metals, will accompany our efforts to cover as many foreign markets as possible,” the chief…
The shipbuilding program of George Prokopiou is approaching 100 ships. According to shipping brokerage sources, the company Sea Traders, which manages the bulk carriers of the group, proceeded with six…
A wait-and-see approach until the full availability of new fuels will jeopardize the achievement of the zero-emissions target by 2050 and all intermediate milestones by then, the CEO of the…
The European Commission’s green light to the agreement on volume discounts between telecommunications providers triggers expectations of price reductions in the service connecting households and businesses to the fiber optic…
The European Banking Authority is promoting changes regarding the stress tests of Europe’s credit institutions to be carried out in 2025. By publishing a draft for the stress tests, the…
Alpha Services and Holdings SA, 100% parent company of Alpha Bank SA, announced that its fully controlled subsidiary, Alpha International Holdings SMSA, entered into a binding agreement with UniCredit SpA…
With 55 years of presence in Greece, Coca Cola 3E combines its course with the most famous soft drink in the world and has managed to be consistently at the…
2023 was a year of significant growth for MEVGAL, with the development course continuing this year as well, following an important investment program. The company, as its president, Mary Hatzakou,…
The secretary general of the Greek National Tourist Organization (GNTO), Dimitris Fragakis, and the Vice President of Netflix for Public Policy Europe, Middle East and Africa region, Madeleine de Cock…
The multinational food company Mondelez chose Greece for the establishment of a cyber security center which will manage all its activities in Europe. The Greek hub combined with another one…
The European Commission has set four conditions in order to continue subsidizing the project of the new cruise pier in the southern part of the port of Piraeus. According to…
Piraeus Port Authority (PPA) executive vice-president, LIN Ji, who was appointed at the “helm” of the listed company at the end of April, has approved the distribution of a record…
Investing in flexible multi-fuel engines is today the most prudent way for a shipowner to meet the commercial and regulatory demands brought by environmental regulations, which are expected to drive…
Intrakat is aiming at its further development based on constructions, PPPs – concessions and Renewable Energy Sources (RES), expecting revenues up by sixfold in 2026. The plan also includes the…
Jotun is excited to officially announce the extension of its contract with Angelicoussis Group for an additional two years for the DryDock, Seastock, and NewBuilding projects of the Group. Maria…
“The improved financial results of our company for the third consecutive year demonstrate that the port’s development and modernization strategy, as well as the important decisions regarding its operation, are…
The Hellenic Financial Stability Fund (HFSF) is expected to proceed immediately with its disinvestment from the National Bank of Greece (NBG). More specifically, the Hellenic Financial Stability Fund, which still…
Greek shipowners’ orders are on track for a new record this year, as a total of 34 companies have signed contracts for more than 120 ships during the first half…
A solution to the issue of the ever-increasing demand for berths in marinas as well as tourist ports for foreign and Greek pleasure boats is to be provided by the…
Limiting the short-term rental of properties in famous tourist areas and establishing a special fee for the financing of renovations and infrastructure is proposed, among other things, in the new…
While everything is getting more expensive, there is something that remains consistently cheap. And this is EYDAP’s water, which is kept at low levels (one of the cheapest waters in…
CISCO is eventually leaving the city of Thessaloniki, ending the conflict that arose recently with the Municipality regarding the Labattoir building. The dispute concerns the operation of Cisco’s DT&S International…
The amount of public contracts exceeded 6 billion euros in the four months of 2024, during which direct award contracts were once again in first place and indeed with a…
Electrical interconnections developed by the Independent Power Transmission Operator (IPTO) play an important role in the “greening” of Greece’s energy mix, the president and CEO of IPTO, Manos Manousakis, said…
Desserta Hellas, a subsidiary of Berglandmilch, proceeded with the acquisition of the company Doriki, which was the separated cheese-making arm of Minerva Edible Oils and Food Enterprises. The relevant agreement…
Tourism in Greece has shown a strong recovery after the pandemic, recording a 97% increase compared to 2021, according to a Visa analysis on Mediterranean tourism. According to Visa’s analysis,…
Open Cosmos and the European Space Agency (ESA) signed an agreement for the construction of a cluster of Greek high-definition multispectral earth observation satellites, within the framework of the Hellenic…
Mathios Refractories is expected to be on a growth trajectory in the current financial year, as the company’s management emphasized during the regular general meeting of its shareholders. In particular,…
The penetration of fiber optic networks to homes and businesses (FTTH or FTTP) in Greece stands at 38.4%, up 10 percentage points compared to last year, but lower than the…
Uber Greece announced speed boat trips through the Uber Boat online application for Santorini, Corfu and the Athenian Riviera. This particular service is already operating for the second year on…
The first step in the implementation of Cenergy Holdings’ investment in Baltimore, USA, has been completed, with its subsidiary, Hellenic Cables Americas, purchasing a waterfront plot at Wagners Point, in…
The Hellenic Republic Asset Development Fund (HRADF), a member company of GROWTHFUND – The National Fund of Greece, announced that five investment schemes have expressed interest in the public international…
Greece’s economic climate index slightly fell to 110.6 points in June from 111.0 points in May. According to a survey by the Economic and Industrial Research Foundation (IOBE), the decline…
PPA SA has achieved the highest performance in its history in terms of revenue and profitability for the third consecutive year. More specifically, total revenue amounted to 219.8 million euros…
Demand for container ships is on the rise lately based on the number of deals on the secondary market and in shipyards. The significant increase in freight rates, as a…
Titan Group and Sinoma CBM, a leading force in cement technology and the provision of integrated technical solutions, signed a Memorandum of Cooperation for new business opportunities and the promotion…
