The price of olive oil in the European Union rose 50% in January 2024 compared to January 2023, according to Eurostat, with Greece being one of three countries with the…
The gap between larger and smaller businesses and the concern about their smooth coexistence are intensifying concerns about the future of retail trade, which mainly includes micro and small commercial…
Corinth Pipeworks has been awarded a contract by TechnipFMC for 27 km of high frequency welding (HFW) pipes for the Utsira High subsea project in the North Sea. The Utsira…
The need for more large Logistics Centers in Thessaloniki, but also for speeding up the processes and infrastructures required by the state, was highlighted in the 7th Prodexpo North Conference.…
Tourism Minister, Olga Kefalogianni, gave a speech at the “Tourism and Sustainability” day, organized at the Acropolis Museum by the Society for the Environment and Cultural Heritage. The minister referred…
According to the findings of the survey, conducted by INEMY-ESEE on behalf of Visa, the digital payment channel is on the rise and card payments have become particularly widespread and…
The lack of available modern tonnage due to the under-investment of the past years and the “jump” in the charter market, have significantly increased the interest in used super-tankers (VLCCs).…
Meanwhile, the recent Agrotica, the 11th Artozyma and the 36th Athens International Jewelry Show recorded increased traffic and enhanced extroversion. According to the company’s managing director, Kyriakos Pozrikidis, 2024 is…
The domestic air conditioner market has seen a steep rise and high growth rates over the last two years. According to ICAP CRIF analysts, the sector benefited mainly by the…
After a mοderate 2023, the market of bulk carriers and especially the large ships of the sector, the capesizes, is gaining momentum again. It is worth noting that this type…
The SSM is focusing its 2024 bank audits on three pillars. Along with the interest rate risk, the supervisor of the systemic banks focuses on two more issues: cyber security…
From Friday March 1, when the package of measures to deal with soaring prices will be implemented in its entirety, consumers will see prices fall by up to 15% in…
Unexplored destinations, which, however, have nothing to envy to the most popular holiday resorts of Greece and even more so of Europe, attract a consistently high number of foreign investors…
Greece’s real estate market is faced with “spiralling prices” which will very soon bring real estate prices, especially newly built homes, to a new historic high. In addition to excess…
The end of the first semester of 2024 could see the optimal timing for the first ECB interest rate cut, Bank of Greece (BoG) governor Yannis Stournaras said, provided that…
Greece is emerging as the protagonist of the cruise sector in the Eastern Mediterranean for 2024, as the war climate in the Middle East seems to favor the port of…
Piraeus Port Authority (PPA) S.A. signed a cooperation agreement with one of the 10 largest commercial ports in the world, the port of Guangzhou in China, in a special ceremony…
Despite a difficult start for the technology sector last year amid macroeconomic pressure and the need to save costs, the adoption of corporate strategies focused on generative artificial intelligence (GenAI)…
The above-mentioned percentages are higher than a year ago, but fall significantly short of the average of EU member states, which is also lower than other technologically developed countries. Concerns…
A Greek-owned chemical tanker, ENEA Management’s Alfa Sea, is the first commercial vessel to arrive at the Skaramangas shipyards for repairs since 2010. ENEA’s Alfa Sea is already carrying out…
The state budget balance presented a surplus of 1,093 million euros in January, compared to a target of a deficit of 82 million euros that has been incorporated for the…
The current week is full of developments for Piraeus Bank, since the prospectus for the bank’s placement is expected to be approved on Friday, March 1. A little earlier, probably…
Eldorado Gold is planning investments of 375-425 million US dollars in Halkidiki, in 2024. The majority of the investments concern the Skouries mine project, which is expected to be fully…
Total Gaming Revenue, including all bets of the Greek gaming market (OPAP, Online Games, Casino, Lottery, Hippodrome) reached 36 billion euros in 2023 compared to 29 billion euros in the…
A delegation of Navigator Travel & Tourist Services visited the ‘Celebrity Infinity’ cruise ship, in the port of Piraeus, with the participation of fifty partners from tourist agencies and media…
Mineral raw materials are expected to be on the rise in the coming years amid the energy transition, according to the management of the Association of Mining Companies, making the…
Its chairman & CEO, Michael Tsamaz, stated that “having a clear strategy towards the customer, OTE has proven that it is able to maintain its leadership position and to deal…
The value of imports of Greece from Russia stood at 98.0 million euros in December 2023, down 88.7% in comparison with December 2022, the Hellenic Statistical Authority (ELSTAT) said. The…
Greek wine exports reached 100 million euros last year for the first time in history. This number may be relatively small compared to the export performance of other sectors of…
Greek banks must provide a full analysis to the SSM through their three-year business plans that will be delivered at the end of March to the supervisor. Despite the division…
The rally of the last four months in the Athens stock exchange is “fueling” scenarios for new deals amid improved valuations across the board. HFSF The Hellenic Financial Stability Fund…
The Hellenic Statistical Authority (ELSTAT) announced data on the Greek Merchant Fleet (for vessels of 100 GRT1) for December 2023. More specifically, the Greek Merchant Fleet decreased by 0.5% in…
OTE will further improve its operational and financial performance this year, according to the Group’s management. Its chairman & CEO, Michael Tsamaz, stated that “having a clear strategy towards the…
StealthGas achieved an all-time record net profit of 51.9 million US dollars in 2023. The company, which specializes in LPG carriers, recorded a revenue increase of 51% compared to 2022.…
“We are intensifying the reforms despite the consistently positive EU evaluation for the implementation of the Recovery Fund,” Alternate Finance Minister Nikos Papathanassis said. Papathanassis underlined that “the report of…
MYTILINEOS Energy & Metals announced the establishment of a new production unit of advanced metal constructions aiming to expand the range of manufactured products in order to exploit all possible…
Profits distributed to the company’s shareholders jumped to 531.7 million euros, registering a strong increase of 36.8%, while adjusted investments in assets amounted to 621.4 million euros. The group recorded…
Based on the provisional data of the Civil Aviation Authority (CAA), the total number of traffic of passengers (international and domestic passenger arrivals and departures), reached 2,406,801, compared to 2,209,593…
Productivity, job vacancies and inflation are the three big “thorns” that limit up to 4% (811 euros) the proposals to increase the minimum wage in the private sector. In the…
Prime Minister Kyriakos Mitsotakis invited India’s entrepreneurs to invest in Greece during the Greek-Indian business forum entitled “Exploring Economic Collaboration Between Greece and India: Future Prospects,” adding that there will…
The construction of PPC’s hydroelectric power plant in Messochora, Trikala regional unit, which had been frozen for many years, will eventually proceed following the approval of the environmental impact study.…
Farmers drove their tractors into downtown Athens to protest against rising fuel and production costs. “We didn’t come for a walk. We came here to send a message. We believe…
Profile’s capitalization on the Athens Stock Exchange has risen above the psychological limit of 100 million euros, with the company’s share registering a dynamic three-day rally. The listed company rose…
PPC remains cautious over the release of information related to the implementation of its plans in the field of telecommunications services, while it is progressing its program of developing an…
The head of Euroseas, Aristides Pittas, spoke about the “unexpected comeback” of the containerships charter market, during the announcement of the financial results for 2023. “One-year charters are up about…
United Maritime Corporation strengthened its fleet with a new bulk carrier, “seeing” particularly positive prospects in the market. The president and CEO of the US-listed company, Stamatis Tsantanis, during the…
Greek shipowners are investing in one of the most promising future markets for green fuels. More specifically, Greek shipowners are placing orders for large ships that will be able to…
The Houthi attacks have forced many shipping companies to bypass the Red Sea resulting in delays in the transport of products, increased fuel costs and higher consumer prices. If the…
The average asking price in commercial properties for sale in Piraeus (1,231 euros/sq.m) rose 12.8% in 2023 compared to 2022 while the corresponding price increase in the suburbs (993 euros/sq.m.)…
A major customer of the Japanese shipyards is Samos Steamship. The Greek shipping company added three more ships to its order book over the last months. These are two bulk…
