The Ministry of National Economy and Finance is expected to submit a legislative provision with stricter conditions for obtaining a “Golden Visa” in the next few days. The changes concern…
Greek shipowners are playing a leading role in transporting dry bulk cargo, seeking “smart” deals, despite the particularly high values of the assets. Data collected by “Naftemporiki” from shipping brokers…
The Ministry of National Economy and Finance has been racing in order to meet the pending milestones and to proceed with the submission of the 4th installment payment request totaling…
The CEO of Eurobank, Fokion Karavias, and the management of Eurobank spoke about the importance of the Cyprus market, during meetings with representatives of the Cypriot press at its headquarters…
Sarantis group is advancing the implementation of the 5-year investment plan amounting to 81 million euros, with the aim of strengthening its factory units, focusing and developing its self-produced products…
Netcompany-Intrasoft, which holds a leading position in the consortium that has undertaken the implementation of the EU Digital Wallet project, will “run” the program mainly in Greece. On February 29,…
PPC FiberGrid proceeds with its plan for the nationwide fiber optic network that will reach 1.7 million households and businesses by 2025. The program has already reached 140,000 homes in…
The total passenger traffic in Greek ports rose 2.6% in the third quarter of 2023 compared to the third quarter of 2022, according to the Hellenic Statistical Authority (ELSTAT). At…
The Lamda Development – Brook Lane (London-based investment capital) partnership for the development of the second tower in Elliniko goes forward. Ellinikon Hospitality Investments, a Lamda company, and Bincer Holdings,…
2023 was overall a particularly successful year for OPAP, as the company strengthened its brand, offered innovative entertainment proposals to its customers and proceeded to reposition its traditional games, as…
The Elefsis shipyards will start operating as of May, while at the same time they are claiming the contract for the reconstruction of the four frigates MEKO of the Hellenic…
The prospects of the four systemic banks are described as positive in the new DBRS report on the Greek financial system, under the title “Greek Banks: Robust Performance in 2023…
Pantelakis raised the target price of MYTILINEOS’ share to 46 euros (from 41 euros) due to the company’s “strong organic progress”, maintaining the recommendation “overweight.” This move follows the decision…
Intralot announced that it has signed a sub-contracting agreement with FanDuel, one of the leading providers of sports betting services in the US, and a related contract amendment with Washington,…
While the major urban centres in Athens and Thessaloniki accounted for more than 50% of sales volume and turnover, regional areas continued to show the strongest growth, amounting to double…
ECB must cut rates twice before summer break, Bank of Greece (BoG) Yannis Stournaras said in an interview with Bloomberg. The European Central Bank must lower borrowing costs twice before…
The goal is to create 10 new large “Public + home” stores within the next three years. The plan includes a complete renovation of 3 Public stores and their upgrade…
Greece’s four systemic banks (National Bank, Piraeus Bank, Eurobank and Alpha Bank) have recorded an excessive accumulation of profits over the last two years, which “can be called inflation of…
Greece’s flour industry is moving on an upward trajectory, according to ICAP CRIF forecasts presented by “Naftemporiki.” More specifically, the sector is expected to register an average annual growth rate…
Trade Estate’s four investments with a budget of 200 million euros are maturing, while another two are under development, so that the value of its real estate portfolio will reach…
Sarantis Group focused on the acquisition of Stella Pack in Poland, one of the largest investment moves of the last years, as well as on the geographical distribution of the…
Greece’s four systemic banks are expected to distribute dividends of 846 million euros to their shareholders provided that the SSM will approve their plans. Some of them will also proceed…
The US and European markets contributed more than 90% to Titan Group’s sales and profitability, as shown in 2023 and fourth-quarter results. Titan announced record sales for a third consecutive…
Greece holds discussions in order to raise funds, which will be used for the green transition of the coastal shipping fleet, Shipping and Island Policy Minister Christos Stylianidis said, adding…
Olympic Brewery maintains the strategy that focuses on three main points: growth in the cold market, strengthening of its portfolio as well as its leadership position in alcohol-free beers. The…
The European Cruise Week started in Genoa, Italy, on March 11 and will last until March 14, with the participation of many Greek companies. According to the Hellenic Ports Association,…
Finance Minister Kostis Hatzidakis underlined that economic development and social cohesion are complementary goals on the sidelines of the Eurogroup and ECOFIN meetings, in Brussels, explaining that “the stronger and…
Aegean Airlines announced consolidated revenue of 1.69 billion euros in 2023, up 27% compared to 2022. In 2023, the Group offered 18,9 million seats, 3 million seats more than 2022…
The dairy industry Kri Kri “sees” a double-digit increase in its sales for 2024. According to its president and CEO, Panagiotis Tsinavos, a sales increase of 15% in volume and…
“We are committed to providing high-level technology-based services, with an emphasis on two areas: the use of Artificial Intelligence (AI) for digital collections and ‘participation’ in the customer’s activity from…
The Hellenic Telecommunications Organization (OTE) announced that, in the effort to increase and strengthen its overall value and dynamics, and following the successful spin-offs of the Customer Service, Shops and…
Greece’s hiring expectations seem moderate in the second quarter of 2024, with the overall employment outlook at 6%, according to ManpowerGroup’s latest employment survey. Based on the survey, the hiring…
The CEO of National Bank of Greece (NBG), Pavlos Mylonas, spoke about a dividend of 25%-30% during the presentation of the 2023 results. Mylonas explained that after the approval for…
The Greek-owned fleet is steadily growing. According to the annual report of the Greek Shipping Cooperation Committee (G.S.C.C.), prepared by S&P Global Market Intelligence, the Greek-controlled fleet increased in terms…
The construction of Microsoft’s first data center in Spata, with a capacity of 19.2 MW, will begin in April. According to sources, the US giant has chosen GEK Terna as…
Beverage World recorded an increase in revenue in 2023 as well as an expansion of its market share dynamics. Maintaining the strategy of its “all around the clock” portfolio, the…
The Independent Electricity Transmission Operator (IPTO) has accelerated the implementation of the equipment renewal program in the context of the second cycle that ends in 2026, with a total budget…
International economic activity shows signs of stabilization following the turmoil caused in the last two years by the outbreaks of war in Ukraine and the Middle East, the energy cost…
Sarantis announced strong sales, a significant rise in profitability and an increased dividend for 2023. More specifically, sales in 2023 amounted to 482.2 million euros compared with 445.1 million euros …
Semiramis Paliou, CEO of Diana Shipping and president of HELMEPA, revealed the huge costs for shipping’s transition to the zero-pollution era. More specifically, Paliou said at the shipping conference of…
The Intrakat Group is a leading construction group with a broad portfolio of activities and a significant footprint in the wider South East Europe region. Committed to sustainable development, the…
The leading Greek energy company HELLENiQ ENERGY has been implementing an ambitious digital transformation program for the last 3 years, which is part of the implementation of its strategic planning…
2024 is a milestone year for Dimand’s course. It is expected to conclude and deliver five projects, totaling around 100 thousand sq.m. and will start four new ones with a…
Artificial intelligence (AI) is emerging as a critical tool for dealing with non-performing loans (NPLs), opening new horizons in loan management and restructuring. This is how AI can help restructure…
Greek shipowners have lately significantly accelerated their new shipbuilding programs. More specifically, from the end of February 2023 to the end of February 2024 they have placed orders for 205…
Viohalco Group focused on its flexible business model and diversified portfolio during a recent presentation. Analyzing the group’s performance in the industrial sector and the real estate sector, it was…
Greece must proceed with the development of its own defense technology programs, which will contribute to the development of the country, Minister of National Defense, Nikos Dendias, said in an…
Safe Bulkers continues its fleet renewal program, completing the sale of two of its older vessels. Specifically, the company listed on the US stock exchange announced the sale of the…
The ELVIAL aluminum industry is implementing a new and double investment program, totaling 16 million euros, for the next four years. The company is also expanding into the North American…
“Naftemporiki” sets sail for the second century of its history, as today celebrates its 100-year anniversary since it was first published on March 8, 1924. Just two years after the…
