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…
A comfortable retirement is a key concern for women globally, with more women than men worried about having enough assets for retirement. For example, 53% of women aged 61 to…
Independent Power Transmission Operator (IPTO) had contacts with officials of the government of Cyprus and Israel, aiming to speed up the implementation processes of the electrical interconnection Greece – Cyprus…
Τhe Hellenic Republic Asset Development Fund (HRADF) issued a call of interest for a majority stake sale (50%+1 share) in Lavrion Port Authority SA. The Authority has the exclusive right…
The Hellenic Competition Commission (HCC) said that it has approved the sale of electronics and appliance chain Kotsovolos to Public Power Corporation (PPC). More specifically, the Commission said in a…
Exhibitors at the Posidonia international shipping exhibition, to be held at the Metropolitan Expo in Athens from June 3 to June 7, placed special emphasis on the introduction of AI…
Cruise passenger arrivals in Greece jumped to the highest level of the last 12 years in 2023, with the market expected to register new records this year. According to data…
Illegal gambling games have recently expanded alarmingly in Greece. According to KapaResearch’s survey in a sample of over 5,000 people conducted on behalf of the Hellenic Gaming Commission, a total…
Passenger traffic is expected to be increased by 5% in 2024 compared to 2019 – a year when there were no restrictive measures due to the coronavirus pandemic. According to…
In January 2024, the weighted average interest rate on new deposits remained almost unchanged at 0.53%, according to the Bank of Greece (BoG). The interest rate spread between new deposits…
The government has placed special emphasis on the increase of the minimum wage, which will come into force from April 1, amid high prices affecting the households’ purchasing power. The…
Business mobility through acquisitions in the IT sector and in particular in the critical business software sector is confirmed by the binding agreement of Olympia Group and another international investor…
Greece’s economic sentiment index eased to 104.8 points in October from 107.7 in January, the lowest level of the last 14 months, the Foundation for Economic and Industrial Research (IOBE)…
Bank of Greece (BoG) will distribute a dividend of 13.3 million euros to its shareholders this year for the fiscal year 2023. More specifically, it will distribute a dividend to…
“The exports of Greek wine to third countries and to the EU reached 100 million euros in a quantity of approximately 29,000 tons. In relation to the previous year, we…
Citizens’ digital transactions with the state rose 18.5% in 2023 compared to 2022. According to the data of the General Secretariat of Information Systems and Digital Governance of the Ministry…
India has shown strong interest in commercial cooperation with Greece in the sectors of shipping and transport. Specifically, the Indians are planning to develop their own “Silk Road”, as the…
Olympia Group proceeded with the shareholders of Entersoft SA, who represent 53% of the company’s share capital, in a binding agreement for the acquisition of their shares, either on a…
The sale of a 27% stake in Piraeus Bank by the Hellenic Financial Stability Fund (HFSH) was met with strong demand on Monday and has already been oversubscribed. More specifically,…
