Vernicos Scafi Tugs and Salvage Maritime Co. will strengthen its fleet with a second newly built tug. The tug, which will be built by Med Marine at the Turkish Eregli…
Greece’s great opportunities, comparative advantages and emblematic reforms were highlighted by the prime minister’s economic adviser, Alexis Patelis, at the 9th Delphi Economic Forum. Patelis cited the latest figures from…
“The green transition is necessary, and it will become a reality. What we need is a realistic plan that will take into account costs, security of supply, environmental footprint and…
The shipbuilding program of Greek shipowners is constantly growing. According to data from the shipping brokerage company Xclusiv Shipbrokers, one in five ships under construction by Greek shipowners is powered…
As its management noted following the release of 2023 financial results, the capital expenditures (CAPEX) for its entry into telecommunications reached approximately 25.8 million euros last year. This year, an…
The need to take measures to protect water in Greece was underlined during the Delphi Economic Forum IX. “Greece the only European country that increases water consumption” “Greece is the…
“Athens is the Silicon Valley of shipping,” Antonis Laimos, Vice-President of the Union of Greek Shipowners and President of Enesel, said in a dialogue with the editor of Lloyd’s List…
“The successive decline in food inflation from 8.3% in January to 6.7% in February and to 5.3% in March is undoubtedly a positive development and shows that the drastic measures…
The Greek shipbuilding industry is setting the bar high for 2024. According to the estimates of “Naftemporiki”, more than 500 commercial ships of all types carried out repairs in the…
PPC announced that it has concluded the acquisition of Kotsovolos by Currys plc, accelerating its transformation into an integrated provider of products and services in the retail market. The acquisition…
LOT Polish Airlines announced that it would reinstate direct flights from Athens to Warsaw as of Thursday, April 11. Flights will depart from Warsaw daily at 14:10. During the summer…
Melina Travlou, President of the Union of Greek Shipowners, institutionally representing the leading branch of the national economy, Greek shipping, made a call “for a common navigation plan” that the…
Greece’s rejuvenated shipbuilding industry will feature at Posidonia 2024, signaling a strong recovery after decades of decline and abandonment. The renaissance of the sector takes shape after the completion of…
According to the company’s business plan, the goal is for the turnover to reach 32 million euros in 2024, and already in the first quarter of the current financial year,…
Energean’s confirmatory drilling in the natural gas field offshore Morocco in the Atlantic has been planned for the third quarter of the year, based on the lease agreement of the…
The Israeli authorities have asked Greece’s Independent Power Transmission Operator (IPTO) and the Cypriot competent authorities to speed up the procedures for the implementation of the Great Sea Interconnector project,…
Russian aggression does not concern only Ukraine, but also the West and the democratic world. This was the message that the Ukrainian president, Volodymyr Zelensky, sent on Wednesday from the…
The Delphi Economic Forum IX will be held from Wednesday, April 10, to Saturday, April 13, 2024. The President of the Republic, Katerina Sakellaropoulou, will open the proceedings of the…
Finance Minister Kostis Hatzidakis met European Economic Commissioner Paolo Gentiloni on Tuesday. During the meeting, the new framework of fiscal rules, the course of implementation of the Recovery and Resilience…
The three companies of the Vafias Group – Stealthgas, Imperial Petroleum and C3is – that are listed on the US stock exchange closed the year with revenues of 360 million…
The Skaramanga shipyards are in full operation. During the first month of operation of the unit, a total of 10 commercial ships have ‘entered’ the shipyards. In fact, in the…
A meeting with a delegation of the Israeli Energy Ministry, the Regulatory Authority as well as the country’s Administrator, was held in Cyprus by the administration of IPTO under the…
The reconstruction of the Thessaloniki International Fair (TIF) is expected to start in the next few days, the president of TIF-Helexpo SA, Tasos Tzikas, stated. According to “Naftemporiki” sources, a…
Prime Minister Kyriakos Mitsotakis expressed his ambition to make Greece “the best tourist destination in the world in a 10-year period” during a discussion with Luis Araujo, president of the…
The Ministry of Maritime Affairs and Insular Policy is conducting studies in order to secure the necessary funds for green investments in an effort to make use of more EU…
ElvalHalcor is focusing on achieving the maximum return on the investments it has made so far to strengthen its production in 2024. Meanwhile, the management will propose the distribution of…
According to Bank of Greece (BoG), the net receipts for the purchase of real estate from foreign nationals are still high as a percentage of all investments (42.5%) and exceed…
The European shipbuilding industry is preparing investments of up to 10 billion euros in order to meet the ambitious goal to supply shipping markets with 10,000 ships by 2035 and…
The “Great Sea Interconnector”, implemented by the Independent Power Transmission Operator (IPTO), will significantly benefit Cyprus, as it will offer increased energy security, a “greener” mix of electricity generation and…
Golden Cargo celebrates 35 years of dynamic presence in the maritime supply chain. As the managing director of Golden Cargo Kostis Achladitis pointed out: “It is the most specialized ship…
A careful first assessment of the costs of the recapitalization and restructuring of the banking sector compared to the benefits obtained by the Greek State, taking into account the voluntary…
“We want a robust banking system and it seems that we are moving in that direction. But profitability does not mean dishonesty, robustness does not mean greed and support to…
Motor Oil and Ellaktor confirmed the due diligence procedure on Ellaktor’s subsidiary, Elektor, following a related report in “Naftemporiki.” According to “Naftemporiki”, Ellaktor is reportedly closer to an agreement for…
Greece’s tourism sector is in full swing ahead of the Orthodox Easter and the summer holidays. After the record 2023 summer, with tourism receipts over 20.5 billion euros and tourist…
However, as competent sources underlined to “Naftemporiki”, this extension is not expected to be combined with an increase in the transaction limit through IRIS which amounts to 500 euros. The…
Mytilineos is one of the most important businesses in Greece and in Europe while its Chairman and CEO, Evangelos Mytilineos, has also been elected President of Eurometaux, the European association…
The secondary market of bulk carriers has shown strong activity over the last weeks, with Greek shipowners playing a key role in the largest deals. More specifically, the fleet of…
The mega-forces of the international economy, from digitization to geo-economic fragmentation, are expected to influence the performance of the retail trade sector by accelerating its transformation, as highlighted at the…
Ellaktor is closer to an agreement for the sale of its environmental subsidiary, Elektor, to Motor Oil. According to sources, a due diligence process is currently underway with the prospect…
A Memorandum of Understanding (MoU) was signed between the Hellenic Ports Association and the Association of Passenger Shipping Companies (SEEN). The two bodies agreed to have joint action to deal…
In 2023, Greece followed an opposite course in relation to the European average and most European countries in terms of real estate prices, while this difference is expected to continue…
Greece may have been declared “economy of the year” in 2023 by Economist and is expected to show the greatest improvement in business facilitation over the next 5 years, but…
JTGroup will seal the strategic investment of JTI (Japan Tobacco International) in Greece with the upcoming visit of its president, Mutsuo Iwai, in the spring of 2024 in the framework…
Special emphasis will be placed on the importance of infrastructure during this year’s forum. Speakers will elaborate on developments that are turning the Balkans and the Eastern Mediterranean into a…
More specifically, Navios exercised the option to purchase Navios Amber (built 2015), Navios Coral (built 2016), Navios Citrine and Navios Dolphin (both built 2017). At the same time, Navios Partners…
Motor Oil announced 806 million euro net profit in 2023, down from 968 million in 2022. Turnover stood at 13.3 billion euros compared to 16.6 billion euros in 2022 (-20%)…
The Waste, Energy and Water Regulatory Authority announced the launch of the new Electricity and Natural Gas Price Comparison Tool on the website www.energycost.gr. Consumers can now easily compare all…
Passenger traffic at the Athens International Airport (AIA) rose 20.1% in March 2024, compared to March 2023. More specifically the total number of passengers reached 2 million. According to the…
Attica Group announced positive results both in Greek shipping and international shipping in 2023, the first results following the consolidation with ANEK. The Group’s consolidated turnover up 11% in 2023…
The tobacco industry BAT Hellas is strengthening its presence in Greece based on cutting-edge science and technology, contributing substantially to the Greek economy and society. In this context, the company…
