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Friday, 24 May 2024

Dorian LPG announces a jump in revenues and profits

Dorian LPG announced a jump in revenues and profits in the first quarter of 2024, but also at the level of the financial year ended on 31/3/2024. The average charter…

Psaltis (Alpha Bank) urges businessmen to make good use of RRF’s tools to boost tourism

An Alpha Bank delegation, led by the Group’s managing director Vassilis Psaltis, met with businessmen on the island of Santorini, who are operating in the sectors of tourism, restaurants and…

Long-term stagflation to continue affecting consumer trends

Consumer trends and the food industry will continue to be affected by “long-term” stagflation. For both industry and consumers, high prices define their budgets. The signs for the future are…

Thursday, 23 May 2024

Travlou for Posidonia: Opportunity to strengthen cooperation in the maritime ecosystem

The Posidonia exhibition is an excellent opportunity to strengthen the cooperation between all members of the maritime ecosystem which is in a new, transitional era, the president of the Union…

Energean: Sixth natural gas field discovery in the Eastern Mediterranean (Egypt)

Energean announced its sixth natural gas field discovery in the Eastern Mediterranean, on the London and Tel Aviv stock exchanges. According to the preliminary analysis, gas-initially-in-place (“GIIP”) volumes are expected…

IPTO Innovation Hub is in operation

The development of technological solutions and synergies for a more resilient, reliable and sustainable electricity transmission system that will cover the whole range of modern challenges faced by the Independent…

Noval Property’s listing on the ASE is in the final stretch

The public offering of Noval Property (subsidiary of the Viohalco Group) shares will take place from May 29 to May 31,  while the binding price range will be announced on…

Port of Piraeus: The dredging project advances

The “green light” for the continuation of dredging operations in the port of Piraeus, for reasons of safe navigation, was given by the Council of State, while at the same…

Travel receipts jump to 372.3 million euros in March

Greek tourism registered a spectacular rise both in terms of travel receipts and in terms of arrivals and laid the foundations for a strong season in the tourism industry. According…

StealthGas: Profitability hits all-time high in Q1 2024

StealthGas achieved record profitability in the first quarter of this year, boosted by the positive climate prevailing in the market of LPG carriers. As the CEO of the listed company…

Motor Oil: Offer for the acquisition of Helector at 114.7 million euros

MOTOR OIL announced that it has initiated negotiations with the company ELLAKTOR S.A. for the acquisition either directly or through a subsidiary of all the shares that ELLAKTOR S.A. holds…

Attractive new deals for containerships

European liner companies have lately expressed strong interest in free charter containerships, with Greek shipowners receiving significant premiums for modern ships. “Charterers appear bewildered by ever-increasing spot rates, while shipowners…

PPC: Ambitious goals on the way to the energy transition

The “green” sign in the energy mix of PPC was highlighted, among others, by the President and CEO of PPC, (and vice-president of Eurelectric) George Stassis, speaking at an introductory…

Wednesday, 22 May 2024

Joint actions for the sustainable operation of Greece-Cyprus maritine connection

Issues of mutual interest concerning the long-term competitiveness of European shipping, maritime education, as well as the current geopolitical developments affecting global shipping dominated the meeting between Minister of Maritime…

Pro Credit Bank: Ηalf a billion euro loans to Greek SMEs from 2015 until today

German development bank Pro Credit Bank has granted Greece loans totaling half a billion euros, since it launched operations in our country in 2015 until today, with 99% of its…

Mitsotakis underlines PPC’s success story; Greece to play leading role in energy transition

PPC was on the brink of bankruptcy in 2019 and has now become a regional energy “player”, Prime Minister Kyriakos Mitsotakis said at the Eurelectric conference “Lights On” held in…

Optima Bank aims at a credit expansion of 700 million euros in 2024

Optima Bank will present a credit expansion of 700 million euros in 2024, according to Dimitris Kyparissis, CEO of the bank. During the presentation of the results to the analysts,…

Pitsilis to the OECD: Digitization at the service of citizens and the public interest

The digital and organizational transformation of tax administrations is the topic of the annual OECD forum that will be organized this year, for the first time, in Greece. The Governor…

Mytilineos proceeds with the placement of 4.5 million shares

Mytilineos is proceeding with the placement of 4.5 million shares corresponding to 3.2% of the share capital. The placement is conducted by Citi. According to sources, the share package will…

DFC interested in participating in Greece – Cyprus – Israel electrical interconnection

The US state fund DFC expressed its interest in participating in the electrical interconnection Greece – Cyprus – Israel Great Sea Interconnector, through a letter of intent, which it addressed…

Small ships using wind propulsion on the rise

The number of small ships sailing using wind as the main source of energy or wind-assisted propulsion is gradually increasing. In recent months there has been a further increase in…

Intrakat: Sustainable development a fundamental value and pillar of our strategy

Intrakat’s strong commitment to implementing sustainable practices across its entire range of activities is highlighted in the 2023 Sustainability Report, which was prepared in accordance with the Global Reporting Initiative…

Banks: What scares 7 out of 10 Chief Risk Officers

73% of bank CROs worldwide see cyber security as the top risk for the next 12 months, according to EY and the Institute of International Finance’s (IIF) 13th annual Global…

Tuesday, 21 May 2024

PPC builds data centers and provides Artificial Intelligence services

PPC does not stop at the creation of an optical fiber network (FTTH) as far as its activity in Information and Communication Technologies (ICT) is concerned. In a conference call…

Supermarkets: How much do Greeks pay for the average basket compared to other Europeans

The prices of the typical household basket are lower in Greek supermarkets compared to France, England, Italy, Spain, Portugal, Germany, Romania, according to a price comparison survey in Greece with…

The port of Kavala is developing dynamically

The ratification by the Parliament of the sub-concession contract for the utilization of the “Philippos II” port to a private investor will enhance the development dynamics of the commercial port…

Noval Property aims to raise 52 million euros from its listing on the Athens stock exchange

Noval Property (subsidiary of the Viohalco Group) aims to raise a total of 52 million euros by listing its shares on the Athens Stock Exchange, a process which will take…

Shipping: Losses continue in the handling of containers

The ongoing crisis in the Red Sea is causing upheavals in the handling of containers at the port of Piraeus. In April, Europe’s fourth port in terms of containership arrivals…

“Naftemporiki” receives three important awards

“Naftemporiki” received three important distinctions at the 38th Awards of the Botsis Foundation’s Journalism Awards, which took place at the Zappeion Μansion, in the presence of the President of the…

Romania: Greek investments jumped in 2023

Greece ranks 5th among Romania’s main investor countries compared to 8th in 2022. According to the Economic and Business Developments Bulletin for Romania prepared by the Office of Economic and…

Piraeus Securities sets Mytilineos’ target price at 48.50 euros

Piraeus Securities’ target price for Mytilineos shares is set higher than current trading levels, reflecting the market’s confidence in the Group’s strong fundamentals, which have consistently generated significant shareholder value.…

SKY express: Strategic partnership with British Airways and Etihad Airways

SKY express joins forces with two of the largest airlines and further increases its international visitors to the country throughout the year. Passengers flying with British Airways from the United…

OTE: Change of leadership and the “T” brand in focus

OTE Group is closer to adopting the “T” brand, one of the developments expected to accompany the change of leadership, after 14 years. In the debate about how consumers will…

Monday, 20 May 2024

Hellenic Aerospace Industry: Active participation in European research programs

The Hellenic Aerospace Industry confirmed the timeless strategy of extroversion and cooperation with foreign companies in the fields of research and development of new technologies by actively participating in the…

Greece among the most favorite tourist destinations

Greece is among the first preferences of the major European markets in terms of tourist destination, despite the fact that most Europeans have stated that they prefer short trips of…

Korinthian Foods, a success story, with high performance

With 20 years of experience and know-how, Korinthian Foods has developed into the largest regional Greek catering company, recording a successful course of steady growth and success in the industry.…

Different scenarios over the future of OTE, Vodafone, Nova and PPC

The creation of a second network by PPC, competitive to that of OTE, if this eventually proceeds, under certain conditions, will enhance competition and lead to differentiating market shares. Based…

Skrekas: Greece’s re-industrialization is a national goal

​”Growth cannot exist without healthy entrepreneurship nor can the country move forward. Therefore, the basic and main direction of our government is to support and promote healthy entrepreneurship,” Development Minister,…

Unemployment fell only in Attica, but without an increase in jobs

A new regional imbalance is manifested in Greece, with economic activity and employment recovering only in the Attica region, while the rest of the regions are still lagging behind. In…

Tsakos Energy Navigation: Investments of 2.0 billion dollars in green fleet

Tsakos Energy Navigation (TEN) plans to invest 2 billion dollars to deliver on its commitment to a 100% green fleet by 2030, Dr. Nikos Tsakos, founder and CEO of Tsakos…

Digitization of customs services for goods tracking

The Information Society announced the “Commercial Vehicle and Container Monitoring System” project, with a total budget of 108.898 million euros (including VAT). The contract includes the implementation, for the Independent…

Trastor plans investments of 100 million euros in 2024

Trastor REIC aims to invest 100 million euros for the acquisition of new properties in 2024, while considering its expansion in the tourism sector (hotels) and in the market of…

Natural gas: The Vertical Corridor and the leading role of DESFA

The project of the “Vertical Corridor” is in full progress in order to allow the transit of gas from Greece, as a “gateway”, to Central Europe and Ukraine. DESFA, the…

Friday, 17 May 2024

Helleniq Energy: 179 mln euro net profit in Q1-Boost from exports, petrochemicals and RES

The positive “momentum” recorded in the first quarter of 2024 will continue in the rest of the year, Helleniq Energy’s CEO, Andreas Shiamishis, said during the presentation of the financial…

More than 2.27 million debtors of bad loans in Greece

A full range of mechanisms is used by the Hellenic Loan Servicers Association (EEDADP) in order to manage debts totaling more than 90 billion euros involving 2,271,548 debtors. Of these…

Aegean Airlines invests in the expansion of its network

Aegean Airlines is investing in the enhanced summer program, which started earlier this year, both in the international network and in the domestic network, for the summer season of 2024.…

Pharmaceutical expenditure strengthened with additional 300 million euros

The new joint ministerial decision signed by Health Minister, Adonis Georgiadis, and the Deputy Minister of Finance, Athanasios Petralias, includes the strengthening of the pharmaceutical expenditure with an additional amount…

Greek Economy: The 3+1 summer appointments for a new mid-term and 2025 budget

June is a critical month for the 2025 budget, but mainly for the new 4-year medium-term Fiscal Structural Plan that Greece, like the other member states, will submit to the…

Bank merger scenarios rising-the situation in Greece

Greece has a rather concentrated banking market, Bank of Greece Deputy Director Christina Papakonstantinou said in a recent interview to the SSM newsletter. However, she added that fintech companies and…

Eurobank: Dividend of over 9 cents per share

Eurobank aims to distribute a dividend of just over 9 cents per share (30% of its profits) for 2023, all in cash without repurchasing shares, CEO Fokion Karavias said during…