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Monday, 16 December 2024

Greek parliament passes 2025 Budget; tax reliefs and income support measures

Greece passed the 2025 budget – a budget with almost zero deficits, strong primary surpluses, high growth rates, unemployment below 10%, inflation close to the 2% target – at a…

Hellas Gold: Total economic value of 343.9 million euros

The 2023 Social Responsibility Performance Report of Hellas Gold shows a total economic value of 343.9 million euros, and the strengthening of both  local and national growth. According to the…

Sallas to Naftemporiki TV: It is unfair to claim that banks received money from the State

“It is unfair to claim that banks received money from the State. They did take money, but they had previously written off claims against the Greek State with the PSI…

Entersoft-Softone Merger: A leader in Business Software

Olympia Group, owned by Panos Germanos, announced the integration of Entersoft and Softone into a single organization. The two companies together will have revenues of around 120 million euros with…

The next day for Greece’s water utility EYDAP

The energy crisis may significantly affect the financial and stock market course of EYDAP, but CEO Haris Sachinis, who has been at the helm of the water company since 2019,…

Friday, 13 December 2024

Greece’s Gross Registered Tonnage (GRT) on a downward path

Greece’s Gross Registered Tonnage (GRT) has been reduced by 40% since 2014, based on data published by the Hellenic Statistical Authority (ELSTAT). More specifically, 356 cargo ships were registered under…

Huawei launches European Logistics Hub at the Piraeus Container Terminal

The technology giant Huawei is planning to create a European Logistics Hub at the Cosco facilities in the port of Piraeus, demonstrating the emphasis it places on its investment in…

Helleniq Energy’s plan to make Elpedison a leading company

Helleniq Energy aims to radically reform Elpedison in order to render it a leading company in the energy sector. The management of the Helleniq Energy group and CEO Andreas Shiamisis…

Start-ups: Funding for Greek startups to reach 555 million euros in 2024 

Capital of 555 million euros was invested in approximately 90 Greek startups in 2024, an increase of 15% compared to the previous year, according to the “Digital Transformation in Greece…

Metlen share in Citi’s top-3

Citi’s top picks for 2025 include Metlen, with the US bank’s analysts giving a target price of 46 euros, which translates into a 40% upside margin. Based on the optimistic…

10th Greek-German Food Forum: Bilateral agreements, a pillar of extroversion for the agricultural sector

More than 80 B2B contacts were held between Greek companies in the primary sector, standardization and production of agricultural goods, and German import companies, in the context of the 10th…

Supreme Court’s ruling hurts the real estate market

The ruling of the Council of State, Greece’s Supreme Court, to essentially repeal the New Building Regulation has significantly affected the real estate market, freezing construction for an unknown period…

OECD stresses Hellenic Development Bank’s significant contribution to supporting SMEs

Τhe Organization for Economic Co-operation and Development (OECD) made special mention in its annual report on the Hellenic Development Bank (HDB), noting its significant contribution to strengthening small and medium-sized…

AB Vassilopoulos: 300 franchise stores throughout Greece

AB Vassilopoulos’ franchise network has reached 300 stores nationwide, with the collaboration of 223 entrepreneurs and more than 2,000 employees. Of the network of 300 franchise stores in Greece, 200…

Thursday, 12 December 2024

Electrical and electronic devices below expectations in Jan-Oct

The electrical and electronic goods market proved to be below expectations in the 10-month period of 2024. According to GFK data for the period January – October 2024, the market…

‘Illegal’ term in a tender for ‘barren lines’ freezes the procedure

The barren coastal shipping lines are in the air, due to an “illegal” term in the announcement of the tender of the Ministry of Shipping last October. As coastal shipping…

The 9 “golden” energy deals of the Stock Exchange

The energy sector was in the spotlight in 2024, with companies listed on the Athens Stock Exchange attracting the interest of investors. This is also reflected in the value of…

Superbrand 2024: Minoan Lines awarded as the leading company in the transport sector

MINOAN LINES was awarded as the leading corporate brand in Greece’s transport sector in 2024 within the framework of the internationally renowned “Superbrands” institution, which recognizes corporate brands that have…

Xiradakis: Capital flow to European shipyards is limited

The issue of financing is the huge problem facing the shipbuilding industry in Europe and especially in Greece. “It is a pity that the flow of capital has been limited…

Green light for strategic investments of 253 million euros

The Interministerial Committee for Strategic Investments gave the “green light” to four investments with a budget of 253 million euros, in the context of implementing the country’s new production model…

PPC Group launches renewable energy production in Italy

PPC Group announced the operation of two new photovoltaic plants in Italy, with a total installed capacity of 32 MW, marking the Group’s entry into the Italian Renewable Energy Sources…

Wednesday, 11 December 2024

The climate crisis and the green transition in tourism at the European Parliament

The climate crisis and the green transition dominated a meeting at the European Parliament in Brussels with the participation of representatives of ten leading pan-European associations and bodies in the…

Megalou: 40 billion euros for strategic business sectors by 2027

A stable, profitable and truly modern banking system will support the long-term growth of the Greek economy, Piraeus Bank CEO Christos Megalou said speaking at the 26th Capital Link Invest…

Nova announces higher revenues and losses in 2023

The telecommunications company Nova presented higher revenues and losses in 2023. More specifically, total revenues rose by 1.4% to 819.3 million from 807.9 million, while its turnover amounted to 805.7…

Dennis Shen (Scope Ratings) to “N”: What to expect after the upgrade – The next challenge for Greece

The declining public debt combined with the government’s commitment to fiscal stability and strengthening of the banking sector were the main reasons for Scope Ratings to recently upgrade Greece’s credit…

Staikouras from New York: We stabilized the economy

The New York Stock Exchange in collaboration with the “Capital Link Invest Forum” organized for the 20th consecutive year, a special event entitled “GREEK AMERICAN ISSUER DAY” at the New…

Metlen completed two new RES projects in Chile

METLEN Energy & Metals announced the completion of two new large-scale photovoltaic plants (Tocopilla, 227 MW and Tamarico, 167 MW) in Chile, raising the country’s renewable energy production to 588…

Greece among EU countries whose budget was approved without reservations by the Commission

Greece is one of the eight EU countries whose 2025 budget was approved without any reservations by the European Commission. This was certified at the Eurogroup meeting in Brussels, in…

TEN focused on net zero targets

Tsakos Energy Navigation’s decarbonization strategy and plans are progressing steadily, with a clear focus on reducing emissions, improving energy efficiency and integrating sustainable practices across all of the company’s operations.…

Exarchou: Structural reforms and a change in the production model required

Greece’s economy will continue to grow at least until the end of the decade, the president and CEO of AKTOR Group, Alexandros Exarchou, said speaking at the 26th annual Capital…

Eurostat: Piraeus among the top 3 passenger ports in the EU

Greece and Italy are the leaders in maritime passenger transport for 2023, according to passenger traffic data published by Eurostat. Comparing 2023 with 2022, the number of passengers in maritime…

Tuesday, 10 December 2024

Lazaridou (GEK TERNA): Historic opportunity for a greener future

Greece’s new investment landscape was illustrated by Penelope Lazaridou, General Financial Manager of GEK TERNA Group, speaking at the Capital Link conference in New York. “With a boost from the…

The Ellinikon: The 225-million-euro residential project will be completed at the end of 2028

The residential investment, totaling 225 million (including VAT) in The Ellinikon by the special purpose company AURA Residential, is expected to be completed by the end of 2028 and includes…

PPC: Share capital increase of 150 million euros for Fibergrid

PPC has decided to increase the share capital of its 100% subsidiary for Telecommunications, Fibergrid, by 150 million euros. This increase will be made gradually, with 40 million to be…

Tourist spending in Greece up 14%

Tourist spending in Greece increased by 14% compared to the previous year, according to the “Visa Mediterranean Tourism Analysis.” The analysis covers transactions in physical stores in Greece with Visa…

Early repayment of 7.9 billion euros of loans on Friday

It is now a matter of time to complete the process of early repayment of three more installments from the loan of the first memorandum totaling 7.935 billion euros after…

Greece to pump 3.3 bln euros of liquidity into market in 2025

The total value of financing sources for investment projects of small and medium-sized, large and newly established enterprises that will be activated in 2025 is estimated to reach almost 3.3…

Investment conference: Global economy in a minefield

The 1st investment conference organized under the auspices of SFK Financial Group focused on the global economy amidst the intensifying geopolitical uncertainty. The President of SFK Financial Group, Dr. Evangelos…

JP Morgan: Higher price targets for Greek banks

JP Morgan upgraded the price targets for Greek bank shares. Specifically, the US rating agency upgraded Eurobank to 3.20 euros (from 2.80 euros), National Bank to 9.80 euros (from 9.70…

Metlen: Bauxite exploration in Ghana is part of the EU’s Global Gateway

METLEN strengthens Europe’s strategic autonomy in critical raw materials by receiving significant support from the European Union’s Global Gateway for its investment in Ghana. Τhe project concerns the exploration and…

Monday, 09 December 2024

Thessaloniki: Cruise on a dynamic trajectory in 2025

Cruises in Thessaloniki are expected to move on a dynamic trajectory in 2025, as the planned arrivals show, with the leading international companies not only making their presence in the…

Helleniq Energy: Agreement to acquire 50% of Elpedison for 164 million euros

Helleniq Energy has reached an agreement with Edison International Shareholdings S.p.A. on the terms of the acquisition of 50% of the company Elpedison. “Helleniq Energy Holdings S.E. announced that it…

Eleni Vrettou: The woman who reformed the bank

Eleni Vrettou is the person of the year because she completed a project that many viewed with suspicion – not unjustly, admittedly, if we take into account the recent past.…

Athens Stock Market: Expectations for the last 15 sessions of 2024

The General Index may have returned above 1,450 points for the first time since the end of September, but the question is whether the Athens Stock Exchange will manage to…

The winners of the Lloyd’s List Greek Shipping Awards

The Lloyd’s List Greek Shipping Awards took place on Friday, December 6. The event presented 20 awards to individuals, companies or organizations for achievements in the shipping industry during the…

400,000 people disappeared from the middle class in Greece

The government is seeking an antidote to the high cost of living through changes to the tax scale, in the context of achieving the goal set for “re-approaching” the middle…

Economic aid for energy saving interventions extended to tenants

Greece has secured financing from the Recovery Fund for the new energy saving program “Exoikonomo 2025” that will be announced in the next few days with an increased budget for…

Construction companies: Concessions boost their revenue

Concession contracts are now a key pillar for large construction groups, and this was also evident in the developments that occurred on Olympia Odos. The motorway that connects Athens with…

Metlen invests 300 million in critical raw materials

Metlen’s commitment to contributing to the European production of critical raw materials is proved by the new investment of 300 million euros for the production of alumina and bauxite, as…

AVAX targets more than 25 new tenders for PPP contracts

The AVAX Group has achieved high returns and capital gains over the last three decades by investing in a diversified portfolio of participations in a total of 19 concession and…