The Greek pharmaceutical biotechnology company GENESIS Pharma signed an agreement with Deciphera Pharmaceuticals for the exclusive distribution of Ripretinib in 14 markets of Central and Eastern Europe. Based on the…
The absorption of European programs and the financing of “green” shipping dominated the meetings of Minister of Maritime Affairs Christos Stylianides with officials of the European Commission, in Brussels, from…
ΑΕGEAN said that its business took off in 2023 as the Greek airline offered 18.5 million seats in the year, up 3.1 million or 26% compared with 2022, to set…
There are developments in the case of the seizure of the Greek-owned tanker in the Gulf of Oman. According to the Iranian news agencies IRNA and TASNIM, the Navy of…
Bank of Greece, the four systemic banks, SRB and SSM seem to have agreed upon a dividend distribution of 15%-25% during their meeting. More specifically, SSM seems to have approved…
Dimand’s investment budget for Thessaloniki amounts to 400 million euros until the end of 2026 and the company is already examining the area for additional new investments, the company’s managing…
Ellaktor ratified the sale of the remaining 25% of Anemos to Motor Oil Renewable Energy (MORE), a subsidiary of the Motor Oil Group (Vardinogiannis group), during the general assembly on…
Piraeus Financial Holdings S.A. announced that it has successfully completed the pricing of a new 500-million-euro Subordinated Tier 2 Bond with a coupon of 7.250%, attracting the interest of a…
Pirates have attacked the Greek-owned tanker ST NIKOLAS off Oman on Thursday. The British firm Ambrey – Global Maritime Risk Management, said that the Marshall Islands-flagged tanker was bound for…
Former European Central Bank (ECB) head Mario Draghi met business leaders in Milan to prepare a report on how to enhance the EU’s competitiveness. Draghi has been mandated by European…
Rapid progress is evident across all levels in the services provided by Gibraltar to the shipping industry. The so-called “Pillars of Hercules,” dating back to ancient times, have established a…
The institutional recognition of the role of high-speed ships and the promotion of the green transition of coastal shipping are two of the main issues that the newly established Association…
Motor Oil’s share is only 1 euro away from the record price, as it closed at 24.7 euros on Wednesday, up 2%. The listed company was boosted after Alpha Finance…
Industrial production rose 3.1% in November 2023 compared to the corresponding index of November 2022, versus a decrease of 0.9% recorded during the corresponding comparison of the year 2022 with…
The performance of the banking sector on the Athens stock exchange is reminiscent of the year 2014 with the total value of financial institutions near 20.5 billion euros, recording the…
Sunlight is speeding up its plans for the construction of the first Gigafactory producing lithium cells, a strategic investment that will exceed 1.5 billion euros. The creation of a lithium…
The institutions are soon expected to give the green light to Greek banks with a capital surplus to proceed with the distribution of dividends. The average dividend yield is estimated…
MYTILINEOS Energy & Metals announced that it has reached financial close with lenders BNP Paribas, Intesa San Paolo, Sumitomo Mitsubishi Banking Corporation, Rabobank and Santander Chile, on a 588 MWp…
Prime Minister Kyriakos Mitsotakis announced the imposition of a ceiling on the gross profit margin for baby formula, as well as the adoption of measures “to deal with the chronic…
The listing of Athens International Airport (AIA) on the Stock Exchange is a strategically important choice of the government, Deputy Minister of Economy and Finance, Thanos Petralias, underlined in Parliament.…
In 2023, the Greek shipowners purchased bulk carriers and sold tankers, as part of their strategy to renew their fleets. Their strategy was mainly focused on selling older tonnage and…
The Public Group announced that its sales exceeded 500 million euros, surpassing its target and raising its operating profits. According to an announcement, Public Group said its 2023 performance confirmed…
Greek exports fell in November 2023 with their performance in the 11th month period from January to November 2023 down 7.5% compared to 2022. However, they exceeded 47 billion euros,…
The Greek government presented a draft law to integrate into national legislation a European directive on implementing a minimum tax rate on multinational enterprises and large-scale domestic groups which could…
Jefferies updated its target prices for Greek banks, estimating that the market value of the four systemic institutions will continue to increase in 2024, in continuation of the strong 2023…
The alcoholic beverages market remained on a positive trajectory jn 2023 with wine ranking first in terms of consumption. More specifically, according to “Naftemporiki” sources, the alcoholic beverages market remained…
“Mytilineos today generates 3% of Greek GDP and aims to reach 4% in 2024, while 70% of our sales is directed to international markets,” Evangelos Mytilineos said addressing an event…
The increase in the average price of consumer spending during Christmas holidays was single digit, according to Skroutz data. The well-known marketplace recorded online shopping traffic during this year’s Christmas…
Acquisitions and mergers, new companies but also purchases of fleets as well as shares, which attracted the investment interest, had the “flavor” of Greece. The announcement of Star Bulk Carriers…
Fund managers of 10 trillion dollars will hold talks with Greek companies in New York during the JP Morgan investment conference, in the presence of Greek Prime Minister Kyriakos Mitsotakis.…
Greek businesses continued to move on a positive trajectory in 2023, despite the challenges due to inflation and high interest rates. Based on the data of the Athens Chamber of…
The British bases in Cyprus are expected to play an important role in securing navigation in the Red Sea as US President Joe Biden is now considering strikes against Houthi…
“The partnership between Greece and the United States is at a very high level,” the head of the Prime Minister’s press office, Dimitris Tsiodras, said in an interview with Naftemporiki…
The Public Power Corporation secured European funding for the further development of the DEI blue network of ultra-fast chargers (HPDC), through the Connecting Europe Facility (CEF) funding mechanism. In the…
The economic staff is examining a new institutional framework that will allow a more “green” exploitation of land as well as new lending terms of the agricultural sector. Carbon Credits,…
The excellent level of Greek-US relations was confirmed in the recent meeting between Prime Minister Kyriakos Mitsotakis and US Secretary of State Antony Blinken while special emphasis was placed on…
The Ministry of National Economy and Finance welcomes 2024 with two bills that will be put to public consultation in the next few days. The first one concerns the management…
The listed company purchased a photovoltaic plant in Pella for 7.7 million euros. More specifically, Quest announced the acquisition of the fixed assets of a 4.48MW photovoltaic power plant, in…
The construction of new industrial parks in Greek territory is aimed at strengthening the country’s industrial base. More specifically, Deputy Minister of Development, Anna Mani-Papadimitriou, signed a decision to include…
The first Greek bond for 2024 is a matter of days, as the Public Debt Management Organization (PDM) is expected to proceed with the front-loaded implementation of the country’s borrowing…
An important opportunity for Greece and the Greek economy in 2024 is the rebirth of the shipping cluster with focus on the port of Piraeus. Despite the geopolitical developments, a…
The Greek ecosystem of start-up technology companies has changed radically lately, Markos Veremis, co-founder of Upstream, BigPI Venture Capital partner and chairman of the Hellenic Federation of Enterprises Committee (SEV)…
Mutual funds recorded an impressive increase of 44.04%, translating into 4.83 billion euros in 2023, with investors rushing to take advantage of the current high interest rates. According to the…
The management of Piraeus Port Authority (PPA) welcomed the COSTA Deliziosa – the first cruise ship in the port of Piraeus, for the new year. The cruise ship with 2,500…
In 2013, China announced a global infrastructure investment project, the Belt and Road Initiative (BRI) with main objectives to promote cooperation, prosperity and joint development between China and participating countries.…
The current account deficit shrank significantly in October, as imports contracted faster than exports, while travel receipts continued their upward trend. According to the data released by the Bank of…
A slight deterioration in the consumer climate, with low expectations for consumers in the next six months, was recorded in the 9th survey of consumer trends in retail trade carried…
“Plans to restructure and revive the shipbuilding industry are proceeding rapidly,” Deputy Development Minister Anna Mani at the 1st Conference of the Greek Shipyards Union representing Prime Minister Kyriakos Mitsotakis.…
The direct contribution of Greek tourism to GDP is estimated at approximately 24 billion euros or 11.5% in 2022, with five regions representing almost 90% of the country’s receipts, three…
The energy efficiency profile of Diana Shipping, owned by Semiramis Paliou, has improved, according to the data presented in the ESG 2022 report. “During the last year, we have reduced…
