Minister of National Economy and Finance Kostis Hatzidakis is in favor of the Green Deal and the green transition, but stressed the need for financial support during the Brussels Economic…
Alpha Bank will distribute 1.1 billion euros until 2026 in the form of a dividend but also through a buyback to its shareholders. For 2023, the bank is aiming to…
Maritime research consultancy Drewry highlighted that falling LNG prices in 2023 and forecasts of low prices until 2028 will boost demand for LNG tankers, while at the same time, it…
While the political leadership of Europe, as can be seen from Macron’s statements, envisages larger pan-European banking schemes, the banking supervisors seem to have started discussing ways to supervise these…
Aggeliki Fragou’s company, which closed the first quarter of 2024 with revenues of 318.6 million dollars and profits of 73.4 million dollars, has been on a sales spree over the…
How close or far are we to weaning off fossil fuels? What are the available technologies? What is considered practical and viable? What is likely and what is unlikely to…
Celestyal signed a Memorandum of Cooperation with the Department of Culture and Tourism of Abu Dhabi (DCT Abu Dhabi) and the AD Ports group. The agreement, signed as part of…
Stergios Panagiotakis, CEO of Cyberlogic, in an interview with “Naftemporiki TV” presented the activities and prospects of the company as well as Silicon Crete, a new initiative to promote and…
The Posidonia exhibition will take place at the Athens Metropolitan Expo, from June 3 to June 7. The exhibition, which takes place every two years, has been since 1965 the…
The Greek economy will continue to grow at higher rates than the eurozone average in 2024 and in 2025. Exports, investments and private consumption are expected to contribute to the…
Greek shipping has always been a pioneer in exploiting technological developments and innovation. Therefore, it could not remain unaffected by the revolution of digital transformation and artificial intelligence. So how…
The prices in major supermarket chains remained almost unchanged in April 2024, compared to the same period in 2023, according to a survey conducted by the Institute of Retail Consumer…
The issues that concern shipowners such as the new measures for greenhouse gas emissions, the regulatory framework, the new constructions and the trends in the international shipping markets were raised…
With the experience of 54 years of activity in Greek shipping, Giorgos Prokopiou, founder of the companies Dynacom Tankers, Sea Traders and Dynagas, spoke from the podium of the 8th…
The need to strengthen maritime education, as well as to attract more young people to the maritime profession was underlined by Captain Panagiotis Tsakos, during his speech at the 8th…
The contribution of Greek shipping to the development of the country as well as the prospects and the challenges of the sector were highlighted by John Xylas, treasurer of the…
The Minister of Maritime Affairs and Insular Policy Christos Stylianidis opened the proceedings of the 8th Naftemporiki Conference entitled “The critical decisions”, presenting the important challenges facing global shipping as…
Naftemporiki’s interrelated course with Greek shipping and its timeless presence in the news “front line” was underlined by the General Manager Spyros Ktenas during his speech at the 8th Naftemporiki…
The European Bank for Reconstruction and Development (EBRD) sees the Greek economy as resilient, estimating that it will continue to outperform the rest of the eurozone both in 2024 and…
Minister of Maritime Affairs and Insular Policy Christos Stylianidis outlined in an interview with “Naftemporiki” three plus one principles for reaching an agreement at the level of the International Maritime…
The capitalization of Greek shipping companies listed on the US stock market has skyrocketed over the last months and the 1 billion “club” continues to grow, while soon we may…
“Critical decisions” is the title of the 8th Naftemporiki Conference which will take place on Wednesday, May 15, at the Stone Warehouse of the Piraeus Port Authority (PPA). “Naftemporiki” will…
The financial results of 2023, the strategy and the prospects of the AVAX Group were presented by the management to representatives of stock companies and institutional investors. According to the…
The president and CEO of MYTILINEOS, Evangelos Mytilineos, took part in the proceedings of the Circle of Ideas Conference. He focused on the causes that led to the economic crisis…
Modern ultramaxes are currently the most appealing type of bulk carrier, based on the latest deals, in which the Greek shipowners dominate. According to data from domestic shipping companies, a…
Cenergy Holdings announced a new contract for Corinth Pipeworks, its steel pipe segment, for steel pipes with CO2 reduction certificates. Subsea7, one of its long-term customers, opted to take advantage…
The group’s consolidated revenues increased by 9.2% to 877.6 million euros, due to strong performance in Greece. Adjusted EBITDA rose 1.2% to 326.0 million euros, with a margin of 37.1%.…
Alphaliner pointed out in its analysis the dynamics of independent shipping companies managing containerships, mainly from Greece and Asia, although liner shipping companies are reducing their dependence on ship charters.…
A total of 277,000 self-employed and professionals have already added the IRIS system to the payments to their customers, while the National Economy and Finance Ministry is planning to extend…
Inflation stood at 3.1% in April, according to the Hellenic Statistical Authority (ELSTAT). Double-digit growth rates continued to be recorded in April for olive oil, fruit and fish. However, the…
The average price of the basket in online consumer shopping during Easter reached 63 euros, up 7.95% compared to the corresponding period last year, according to Skroutz data. Based on…
Prodea Investments places an emphasis on the hotel industry, with the further development of its existing properties as well as new acquisitions. After the acquisition of 55% of Mediterranean Hospitality…
Following a new order for two state-of-the-art LR2 tankers, Aegean Shipping Management and COSCO seal a relationship of trust, which has been built step by step, for a decade. Aegean…
A total of 25,190 new applications were submitted to the out-of-court mechanism in the first quarter of 2024, compared to 13,830 in the first quarter of 2023. According to the…
The President of SEVE-Greek Exporters Association, Simeon Diamantidis, in statements to “Naftemporiki TV” spoke about the course of Greek exports and expressed his optimism despite the small drop. “Exports dropped…
Today we showed that next to our disagreements we can also write a parallel page with our agreements, Greek Prime Minister Kyriakos Mitsotakis said after meeting with Turkish President Recep…
A new report by the Global Maritime Forum (GMF), conducted by engineering and sustainability consultancy company Arup, highlights that achieving the target will require large quantities of scalable zero-emission fuels,…
Banks’ profitability may be moving higher but banking institutions are not functioning as they should, at least in terms of credit expansion, which is one of the core operations that…
Costamare announced a significant increase in revenue by 89% or 221.4 million dollars in the first quarter of 2024. The US-listed ship owner and operator of bulkers and boxships saw…
Shipowners invested nearly 8 billion dollars in ships that can burn alternative fuels in April, reflecting the industry’s significant steps toward a greener future. “Shipowners’ investment and commitment to more…
The fields of energy cooperation between the two countries are expected to be discussed – among other things – during the meeting between Greek Prime Minister Kyriakos Mitsotakis and Turkish…
Banks are faced with new challenges as the set of proposed banking reforms known as “Basel IV” will come into effect on January 1, 2025. However, 2025 will also be…
The Chinese company Yutong, manufacturer of commercial vehicles, mostly electric buses, whose management has established a subsidiary company in Greece, seeks to consolidate itself in Europe. The first electric buses…
The dry ports of the Thessaloniki Port Authority (ThPA S.A.) are put into operation again in the Balkans, as it emerged from the regular annual general meeting of the company’s…
The price of coffee is expected to increase by 10% – 20% in the next period, the president of the Greek Coffee Union, Tasos Giagoglou, said in an interview with…
Τhe European Commission is expected to announce the new four-year fiscal restrictions which will not focus on primary surpluses, as was the case until now, but on public spending changes.…
Α 3% percentage of Jumbo’s share capital changed hands, as the head of the listed company, Apostolos Vakakis, proceeded with a pre-agreed sale of 4 million shares at a price…
In the time period we are currently living in, following the global challenge of Covid-19, it is clear that the Greek health system, both in the public and private sector,…
A new partnership for codeshare flights was announced by Aegean and Saudia, the airline of Saudi Arabia, during the Arabian Travel Market 2024 (ATM) in Dubai. This new commercial partnership…
The distribution of dividends will largely determine the way that banks will manage their liquidity. Regarding the National Bank of Greece (NBG), the Hellenic Financial Stability Fund (HFSF) still holds…
