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Thursday, 28 March 2024

Fiotakis (Barclays) to “N”: What leads Greece to the third mega-cycle of growth

In a period of strong uncertainty and turmoil – mainly in the geopolitical field, also with an impact on the economy – what should we expect from central banks in…

Investors upgrading Navios Maritime Partners 

The stock of Navios Maritime Partners, owned by Aggeliki Fragou, received a vote of confidence from investors, while recording an impressive rally in the first quarter, with the capitalization exceeding…

Greece is the champion in real GDP per capita growth across Europe

The European Commission published data for 2023 referring to real GDP per capita and GDP per capita in purchasing power units. Real GDP per capita According to a statement from…

Stock market: The valuation of listed technology companies exceeds 2 billion euros

The Technology and IT sector is one of the most “hot” sectors of the Athens Stock Exchange, as it has undergone a significant re-rating, thanks to successive deals, but also…

DBRS sees Greek economy growing by 1.5% in 2024

DBRS sees the Greek economy growing by 1.5% in 2024 in its report on the progress of the main economies. The credit rating agency’s estimate for the Greek economy is…

Wednesday, 27 March 2024

ManpowerGroup: Closing the gender gap

A total of 45% of employers in Greece stated that they have “achieved full gender equality”, a rate of 4 percentage points higher than at the global level (41%), according…

Haida to “Naftemporiki”: The institutional framework for the operation of marble quarries is a priority

The institutional framework for the operation of marble quarries, the promotion of the Hellenic Marble brand, the education and training of industry personnel, the strengthening of the culture of health…

CHC Group and Hilton presented the first Tapestry Collection by Hilton Resort in Europe

Hilton announced a franchise agreement with CHC GROUP for the opening of CHC Sound of the Sea, Tapestry Collection by Hilton, in a press conference held in the Hall of…

Papoutsanis: Proposal for a dividend of 0.04 euros/share

Papoutsanis is aiming at the development of its activity and profitability in 2024 based on three pillars: the branded products of Papoutsanis, the hotel products and the categories of producers…

Tourism: Receipts jumped to 278.3 million euros in January

Tourism made a positive start in 2024, according to the data announced by the Bank of Greece, as inbound traveller flows recorded a 16% increase in the first month of…

SQLearn: Digital tool for ship control inspection

An innovative digital tool that integrates all the popular ship control inspection questionnaires was developed by the Greek company SQLearn. The compliance of shipping companies, but also of each ship…

Mytilineos: Meetings in Canada for further cooperation

The president and CEO of MYTILINEOS Energy & Metals, Evangelos Mytilineos, had a series of contacts in Canada over the last days. In a meeting with Greek Prime Minister Kyriakos…

PPC concludes the acquisition of wind farm in Romania

The Public Power Corporation (PPC) announced that it completed the acquisition of an 84 MW wind farm in Romania through its subsidiary PPC Renewables. According to the announcement, the company…

Tankers: Investment rally continues

Greek shipowners proceed with deals for the construction of newly built tankers, continuing the investment rally that started last year, with focus mainly on medium-sized tankers. Chinese shipyard Zhoushan Changhong…

Pay TV penetration remains stable in Greece

The penetration of pay TV in Greece is stuck at 29%, according to the official data collected by the international company (technology analysis and consultancy) Omdia. Among the 17 European…

Tuesday, 26 March 2024

GEK TERNA: Provisional concessionaire for the Chania-Irakleio segment of North Crete Motorway

GEK TERNA announced, following as well a relevant inquiry from the Hellenic Capital Market Commission, that has been declared provisional concessionaire through an international competitive tender for the project of…

Tsakiris calls on marine transport insurers to adapt policies to the new era of uncertainty

IUMI Ocean Hull Committee Chair Ilias Tsakiris speaking in London stressed the need for resilience and innovation amid threats to the supply chain and energy transition. He called on marine…

Navigating Excellence: Exploring digital and technological solutions that transform the shipping sector

Oriani Hellas successfully completed the Maritime Innovation Conference “Navigating Excellence: The Norwegian – Greek Maritime Innovation Summit”, which took place on March 13 and 14 at the Museum of Cycladic…

Budget: Net income of 1.57 billion euros against target in the first 2 months

The state budget balance for the period of January-February of 2024 presented a surplus of 1.437 million euros, compared with a target of a surplus of 101 million euros that…

Hotels: 87 investments are changing the map of tourism in Greece

Hotel investments continue unabated in Greece, both in popular tourist resorts and in the two largest urban centers, Athens and Thessaloniki. New hotels and resorts of Greek and foreign tourism…

The rally… of expectations for the “pariahs” of the Stock Exchange

Despite the fact that these are the “pariahs” of the Athens Stock Exchange, this year’s rally seems to be affecting the valuations of even the problematic companies on the market,…

Port of Alexandroupolis proceeds with infrastructure upgrading works

The decision for the launch of the projects concerning the upgrading of the infrastructure of the Alexandroupolis port, following a request from the port organization, has been issued. The upgrade…

Greece National Day: Mitsotakis and Trudeau express mutual will to strengthen bilateral relations

The mutual will to strengthen bilateral relations between Greece and Canada, with an emphasis on economic and commercial cooperation, was confirmed during the recent meeting between the Greek Prime Minister…

Friday, 22 March 2024

Alumil: “Solar carport” in Thessaloniki and expansion with investments of 7 million euros

Alumil is proceeding with the creation of a photovoltaic park in a parking lot (“solar carport”) at its offices in Nea Efkarpia, Thessaloniki, with an investment of 1 million euros,…

Marginal decrease in the strength of the Greek merchant fleet in January

The Greek Merchant Fleet decreased by 0.2% in January 2024 compared with January 2023, according to the Hellenic Statistical Authority (ELSTAT). Ιn January 2023, a decrease of 0.5% was recorded…

Bank of Greece: Current account surplus of 1.7 billion euros; tourist receipts up 27%

In January 2024, the current account registered a surplus of 1.7 billion euros compared to a deficit in January 2023, the Bank of Greece (BoG) said. Exports plunge, imports drop…

EYDAP: Projects of 365 million euros in the drainage sector

The head of EYDAP’s Sewerage Directorate, Konstantios Vougiouklakis, said during a press briefing that the investments relate to the expansion – construction of drainage networks in new areas and upgrading…

Bank of Greece imposes ceiling on mortgage loans amid EU concerns over new bad loan spike

The decision of the Bank of Greece (BoG) to impose a ceiling on mortgage loans reflects European officials’ concerns over a potential rise of bad loans. It also explains the…

Hatzidakis explains why Moody’s maintained Greece one notch below investment grade

“Those who estimated that Moody’s would upgrade the Greek economy are not familiar with these issues. We didn’t expect it,” Minister of National Economy and Finance, Kostis Hatzidakis, said in…

Motor Oil signs cooperation agreement with Demokritos

Motor Oil and the National Center for Scientific Research “Demokritos” have signed a cooperation agreement in emerging technologies, supporting innovation but also enhancing security in matters of critical infrastructure. The…

SMEs deprived of access to financing

“The major problem that small and medium-sized enterprises (SMEs) in Greece are facing today is the lack of financing,” according to the president of the Athens Chamber of Tradesmen, Ιοannis…

Greece raises Golden Visa investment sum

The Finance Ministry presented the new criteria for the Golden Visa amid housing pressure in the Greek market. The most important change – confirming the naftemporiki.gr report – is the…

Thursday, 21 March 2024

Closure of Production Activities at BA Glass Greece’s Plant

BA Glass Greece announces the decision to cease the production activities at its plant in Athens, effective as of the end of March. This hard decision comes as a result…

The Greek map of the earth’s resources and their contribution to spa tourism

The Greek map of the earth’s resources for spa tourism and wellness was included in an extensive study conducted by the Hellenic Geological and Mineral Research Authority (EAGME), with an…

Ports lag behind in CO2 management

The lack of infrastructure in ports makes it difficult for ships to adopt CO2 capture and storage technology. This particular technology is considered to be one of the leading in…

Energean: 2023 a strong year with revenues of 1.420 billion dollars

Energean recorded an increase in production in the first two months of the year. More specifically, production reached 144 kboe per day in January – February. Operational Highlights – First…

Carrefour planning its expansion on multiple fronts

The plan for the evolution of Audio Visual Enterprises (AVE), main shareholder of Retail and More, into a purely Food and Beverage group from 2025 is in full implementation, with…

Economist: The most business-friendly destinations in the world; Greece’s positive prospects

Large financial centers in Asia and the US, but also strong European economies appear at the top of the Economist Intelligence Unit (EIU) list of the most business-friendly destinations. Greece…

When the going gets tough… the Chinese captain gets going

When the Houthis attacks in the Red Sea began a few months ago, all analysts sounded the alarm about the possible effects on the port of Piraeus. However, the port…

GEK Terna expects to close the sale of Terna Energy in coming weeks

GEK Terna is expected to announce the sale of Terna Energy in the following few weeks, a move that will bring significant liquidity to the construction-energy Group for its next…

National Bank of Greece issues 500-million-euro Subordinated Tier II bonds with a yield of 5.875%

National Bank of Greece successfully completed the placement of 500 million euro Subordinated Tier II bonds in the international capital markets with a yield of 5.875%. The bond matures in…

ThessINTEC: Israeli investments of 200 million euros

Israeli investments in the 4th generation ThessINTEC Technology Park in eastern Thessaloniki are expected to reach 200 million euros, through the Memorandum of Cooperation signed by the park’s developer with…

Strong interest in second hand capesize bulkers

A strong interest has been recorded in second hand capesize bulk carriers during the last month. “Shipowners buy a number of used capes,” the president and managing director of Seanergy…

Wednesday, 20 March 2024

Protergia: New initiatives for sustainable energy consumption

Protergia promotes the sustainable consumption of energy for its activities with the support of Mytilineos, while at the same time it works to create new services aiming at reducing energy…

IPTO: The 10-year development plan in public consultation

New, important projects to strengthen the reliability and resilience of the Transmission System and to serve the increasing penetration of RES (onshore and offshore) are included in the Independent Power…

Developments in the optical fibers (FTTH) sector

Investments in optical fibers (FTTH), prices in telecommunications services and pending subsidies were discussed, among other things, in a meeting held between the Minister of Digital Governance, Dimitris Papastergiou and…

Reden unveils its expansion plan in Greece’s photovoltaic projects

French company Reden, an international photovoltaic manufacturer and electricity producer, announced its expansion in Greece, strengthening its commitment to sustainable energy production and development of the local community. Founded in…

Shipping: Lack of agreement on green transition measures

There is little chance that the member states of the International Maritime Organization (IMO) will reach an agreement on the adoption of a market-based measure on carbon dioxide, as part…

Lavrio Port: New dynamics to the cruise sector

The tender of the Hellenic Financial Stability Fund (HFSH) for the exploitation of the port of Lavrio changes the landscape in the port market of Greece and the entire Mediterranean,…

Dutch master plan for Thessaly; alarm over desertification due to water scarcity

Farmers in Thessaly would rather turn to vegetables and fruits instead of cotton and corn in the next six years in order to ensure their survival, according to Dutch experts…