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Wednesday, 19 February 2025

Greek-Egyptian memorandum on CCS-Skylakakis’ contacts with ExxonMobil and Chevron

Environment and Energy Minister, Theodoros Skylakakis, had a bilateral meeting with the Minister of Petroleum and Mineral Resources of Egypt, Karim Badawi, with whom they signed a MoU, to promote…

Titan Cement International divests its 75% share in eastern Turkey

Titan Cement International SA announced that it has entered into a definitive agreement to divest its 75% share in Adocim Cimento Beton Sanayi ve Ticaret A.S., comprising cement assets located…

Metlen: Strategic agreements with Rio Tinto for bauxite and alumina

METLEN has entered into two long-term strategic agreements with Rio Tinto, securing the supply of bauxite and the disposal of alumina. More specifically, the company has committed to a large-scale…

The banker who secured a double victory

A little less than 1.5 years was the time that Dimitris Kyparissis needed to lead Optima Bank into the closed “club” of listed companies worth 1 billion euros (in terms…

Alarm over the growing use of biofuels in the shipping industry

A number of shipping companies and environmental groups have raised the alarm over the growing use of biofuels in the shipping industry in a joint letter to the International Maritime…

The government worried about geopolitical developments; what are the Europeans discussing, what will happen with the Greek-Turkish dialogue?

The government is monitoring the geopolitical developments with concern amid a complex scenario with multiple open fronts. A wait-and-see attitude has been maintained so far, as a common European stance…

“My House II” Program: A property acquisition sprint

Intense activity is being recorded in banks, especially in the housing loan sector, as the second cycle of “My House II” Program has attracted the citizens’ interest who wish to…

Development Ministry intensifies efforts to keep food prices at low levels

The leadership of the Development Ministry held a meeting with representatives of supermarket chains, domestic industry officials and multinational groups to press them so as to keep food inflation at…

Fruit and vegetable exports maintained record performance in 2024

Fruit and vegetable exports maintained their record performance in 2024, but climate change, competition from third countries and cost burdens are the determining factors for their performance in the coming…

The electrical system in danger ahead of Easter due to excess “green” energy

The security of the electricity grid in view of the Easter holidays lies on the “dedication” of RES producers, with IPTO (Independent Power Transmission Operator) and HEDNO (Hellenic Electricity Distribution…

Monday, 17 February 2025

Sarantis Group: 25 million euro investment plan for 2025-2026

Sarantis Group is proceeding with the implementation of its five-year development plan, based on new acquisitions and investments, while also expanding into the international market, with an emphasis on the…

ELVIAL: Higher turnover in 2024 – Experience Center under construction in western Thessaloniki

The turnover of the Elvial aluminum industry increased to 129 million euros in 2024 compared to 121 million in 2023, with a parallel increase in sales volume and intensification of…

LNG carrier market is under pressure

The LNG carrier market is under pressure due to the oversupply of available tonnage and the small increase in demand for liquefied natural gas, GasLog Partners, a company of the…

A 5.1-magnitude quake jolts Santorini and Amorgos

An earthquake measuring 5.1 on the Richter scale occurred on Monday, at 09:49 am, in the sea area between Santorini and Amorgos. According to the initial assessment of the Geodynamic…

Motor Oil resilient to the decline of the energy sector; focus on ‘green’ investments

Motor Oil seems to be resilient to the decline of the sector during the last two weeks, with its share price having returned to the levels it was six months…

Real estate market: Residential property prices up 90% in Athens (2017-2024)

Nominal residential property prices in Greece increased by 7.8% year-on-year in the third quarter and by 9.2% year-on-year in the first nine months of 2024. Office and retail prices increased…

The milestones of the Greek economy in 2025

The European Commission and the Hellenic Statistical Authority (ELSTAT) are expected to ratify  the final data on the course of the 2024 budget execution (primary surplus, public debt) on April…

Carbon Dioxide Storage: Upcoming investments

Investments in carbon dioxide storage are maturing inside and outside Greece, as, in addition to the storage project in Prinos implemented by the Energean group, DESFA is in discussions with…

Quality & Reliability: Strategic expansion in the field of digital banking transformation

Quality & Reliability is expanding through its subsidiary QnR Financial Services in the field of digital banking transformation and banking technology solutions. As the listed company emphasized, this is a…

Online pharmacies’ turnover at -1% in 2024

The online pharmacies’ sales were reduced in 2024 as a result of the Development Ministry’s directive regarding discounts and the demographic problem. The financial hardship of consumers was also reflected…

Friday, 14 February 2025

RAFARM: More than 1.5 million euros invested in sustainable development

The pharmaceutical company RAFARM announced its first Sustainable Development Report, presenting its comprehensive ESG strategy, which is based on three main pillars: “Green Planet”, “Responsible Business Operation” and “Healthy Communities.”…

Critical issues for the development of the wider region to be raised in the Thessaloniki Summit 2025

The Thessaloniki Summit 2025 is a meeting point for the most prominent personalities in the wider region, with the participation of European officials, distinguished politicians and businessmen who are set…

Greek economic sentiment index up in January

The Greek economic sentiment index rose to 108.1 points in January from 101.6 in December and 101.0 points in the same month last year, the Foundation for Economic and Industrial…

Sunlight Group: Strategic restructuring-Managing resources for new investments

Sunlight Group aims to better manage resources for new investments and market opportunities through strategic moves to strengthen its position in the international energy storage market, focusing on its organizational…

Tech companies launching a series of strategic acquisitions

The listed companies of the Technology-Information Technology sector have engaged in a barrage of strategic acquisitions in the first weeks of 2025. While most companies are already recording double-digit growth…

Innovation Award for Teleperformance

Teleperformance won the BIG 2025 Innovation Award for its advanced interaction analytics platform, powered by genetic artificial intelligence (GenAI), which delivers actionable customer experience (CX) insights in near real-time, helping…

6 out of 10 households struggle to make ends meet

The difficult economic reality faced by Greek households is reflected in the annual survey of income and living expenses by the IME GSEVEE Institute. Although there has been a modest…

Shipping: Environmental fees skyrocket in the EU

The environmental fees paid by commercial ships calling at European ports have increased by 100% this year. The two environmental regulations that came into force at a regional level in…

Professor Synolakis outlines the three scenarios for the earthquakes in Santorini and their consequences

“This is the moment when thorough inspections of all constructions should be carried out, and not only in Santorini,” Professor Costas Synolakis stressed during the briefing of the parliamentary committee…

Thursday, 13 February 2025

Titan strengthens its geographical presence – New joint venture in India

TITAN Group is expanding into the South Asian market through a new joint venture in India, which focuses on low-emission building materials.According to the announcement, the joint venture, in collaboration…

ThPA: Investment at the 6th pier to start immediately

The procedures for implementing the investment in the 6th pier of the port of Thessaloniki will begin immediately, according to the administration of the Thessaloniki Port Authority S.A. (ThPA), with…

Metals: A long-standing support for Greek exports, but with intense volatility

Major infrastructure projects and especially large energy projects are boosting exports of the metals sector to European and Middle Eastern markets, as highlighted by a recent study by the National…

Circana: Supermarket chain sales reach 12.1 billion in 2024

The momentum of actual consumption strengthened further in 2024. The narrative of the fast-moving consumer goods (FMCG) market that volumes are declining was not confirmed last year, as it was…

EIB: 2.2 billion euros to Greece in 2024

The European Investment Bank (EIB) provided funds totaling 2.2 billion euros to Greece in 2024. Particular emphasis was placed on energy supply, business development and disaster management. According to the…

End to the scenarios for Nova sale, but…

“There is no other sale of United Group (UG) assets planned in the immediate future,” the UG’s management said in an effort to put an end to the scenarios being…

Danaos: Revenues of over 1 billion US dollars in 2024

With 83 ships in the water, 15 under construction, 3.4 billion dollars in contracted revenue, 807 million in liquidity and 1.8 billion in company value, Danaos Corp. ended 2024 with…

An increasing number of cruise lines choose Piraeus as their homeport

More and more cruise lines are choosing the port of Piraeus as their starting point and homeporting point for their voyages. The benefits of homeporting for the local and national…

Stylianides: We envision Thessaloniki as the key maritime hub of the Balkans

“The issuance of the Presidential Decree approving the development program (Master Plan) of the port of Thessaloniki is a milestone for the future of the port of Thessaloniki,” Minister of…

Santorini-Amorgos quakes: The most likely and unfavorable scenario

“The situation has not changed, the scenarios remain the same. There is the most likely scenario that the phenomenon will continue like this. However, the scenario of a stronger quake…

Wednesday, 12 February 2025

Bouzali (Metlen): Transatlantic cooperation crucial for energy security

The 6th Delphi Forum was held in Washington, D.C., focusing on the strategic direction of energy policy under the new US administration, with special reference to Greece’s growing importance as…

Miele Hellas: Leading role in the Adria Aegean Cluster

Miele Hellas takes on a leading role in the Adria Aegean Cluster, which includes Slovenia, Croatia and Bosnia and Herzegovina along with Greece, Cyprus, Albania, North Macedonia and Kosovo, the…

Measures against money laundering in cryptos

The Ministry of National Economy and Finance is strengthening efforts to monitor the cryptocurrency market by putting an “end” to anonymity and making stricter the framework of controls aimed at…

Constantine Tassoulas elected President of the Hellenic Republic

Constantine Tassoulas was elected President of the Republic after the fourth voting procedure held on Wednesday in the Parliament.Tassoulas was elected President of the Hellenic Republic, with 160 votes.…

“The Bulk Carriers of the Greeks”: The new thematic exhibition by Isalos.net

Isalos.net presents the thematic exhibition “The Bulk Carriers of the Greeks: Leaders of Global Growth.” This exhibition attempts to present to the general public the importance of this type of…

Theodorikakos: We are upgrading the research and innovation infrastructure with 370 million euros

The signing ceremony of the contract for the construction of two research infrastructures of the Biomedical Research Foundation of the Academy of Athens, together with the president of the Foundation,…

Santorini rocked by more earthquakes; scientists on alert

For more than two weeks, the residents of Santorini, Amorgos and the other islands of the Cyclades have been living with the fear of an earthquake while a chilling rumble…

Phoenix Register opens branch in Qingdao city, China

Phoenix Register of Shipping S.A. has received a license to establish and operate a branch office in the city of Qingdao in China, after a long and thorough evaluation by…

Hellenic Development Bank: Presentation of the new Microcredit Fund

The new Microcredit Fund managed by the Hellenic Development Bank (HDB) was officially launched at an event attended by the Alternate Minister of National Economy and Finance, Nikos Papathanasis, and…

Greek Shipping: A key pillar of economic growth with contribution of 14 billion to GDP

The central role of Greek-owned ocean-going shipping in the global and domestic economy is highlighted by McKinsey & Company in a recent study, carried out in collaboration with the Union…

Tuesday, 11 February 2025

Santorini: Successive earthquakes magnitude 5 on the Richter scale modify the scenarios

Seismic activity in the sea area between Santorini and Amorgos continues unabated. After the overnight earthquakes of 5.3 Richter and 5.0 Richter, successive earthquakes of more than 4 magnitude were…