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Wednesday, 18 September 2024

Arab and US investors flirting with Nova

The process for the sale of Nova continues amid prospects that the four potential investors – two Arab telecommunications organizations and two US investment funds – will submit offers at…

GEK TERNA: Investments in concessions and PPPs in SE Europe

GEK TERNA is expected to launch a new large investment cycle in the areas of concessions and PPPs inside and outside Greece, General Director of Business Development, Manos Moustakas, said…

Posidonia Sea Tourism Forum to be held in Heraklion, Crete, in May 2025

The issue of hypertourism and the promotion of new destinations will dominate the 8th Posidonia Sea Tourism Forum to be held in May 2025, as the organizers of the most…

CLIA requests the imposition of new cruise fee as of 2026

The Cruise Lines International Association (CLIA) requested in a statement that the new fee to be imposed on cruises be applied from 2026, after the start of a dialogue with…

Cosco: Container traffic slightly drops at Piraeus Port

A slight decrease was recorded in August in the handling of containers from piers II and III in the country’s largest port, Piraeus, which is managed by the Piraeus Container…

Panagiotopoulos (TERNA): Cooperation for projects with maximum benefit and minimum possible cost for the citizens 

We need better visibility and more cooperation in the planning, study, financing and ultimately in the construction and operation of the projects, in order for them to have the maximum…

Eurobank : MoU for India-Greece-Cyprus Business Council

Eurobank and the Indian Chamber of Commerce (ICC) signed a Memorandum of Understanding (MoU) to work towards the establishment of the India-Greece-Cyprus Business Council (IGC). The MoU was signed in…

Lamda Development: 120-million-euro agreement with Prokopiou for Ellinikon

LAMDA DEVELOPMENT announced a sales contract with SKITI ENTERPRISES COMPANY LIMITED, owned by the family of shipowner George Prokopiou, for the sale of plots of land within Ellinikon, regarding the…

Nicosia approves the plan for the Greece-Cyprus energy interconnection

Cyprus announced that it approved a proposal by the Energy Ministry for the Great Sea Interconnector (GSI). The decision was finalized during the cabinet meeting. The Minister of Energy George…

Tuesday, 17 September 2024

Data4: New data center campus in Paiania to operate by early 2027

By the end of 2026 or early 2027, Data4’s new data center campus in Attica region (Paiania), an investment of 300 million euros, will start operating. The CEO of Data4,…

Bad loans: How Greek banks will converge with European banks

National Economy and Finance minister Kostis Hatzidakis announced that the expansion of the “Hercules III” program by 1 billion euros is being promoted in cooperation with the European Commission so…

Papathanasis signs financing agreement for the Just Transition Development Fund

Alternate Minister of National Economy and Finance, Nikos Papathanasis, signed the financing agreement for the establishment of a Just Transition Development Fund by the Hellenic Development Bank. The Fund, with…

National Bank: Placement fever – JP Morgan scouts for funds

JP Morgan has reportedly received the green light from the Hellenic Financial Stability Fund (HFSF) to hold talks with the interested parties in order to have the list with the…

SOUNION salvage tow successfully concluded

Greek-flagged tanker SOUNION was successfully towed to a safe location without an oil spill, under the protection of EUNAVFOR ASPIDES, while private operators are about to complete the rescue operation.…

Pharmaceutical industry: One of the most dynamic sectors of the economy

The financial footprint of the pharmaceutical industry in the Greek economy and its overall contribution in terms of GDP is estimated at 6.5 billion euros (3.2% of GDP) in 2022,…

“Ηaircut” for taxpayers who admit tax evasion

October brings a “haircut” of fines for those taxpayers who “confess” to tax evasion without disputing the debt arising after the tax audit carried out by the Independent Public Revenue…

Budget: Tax revenues up 2 billion euros compared to target

Tax revenues amounted to 43,09 million euros in January-August 2024, up 1,9 million euros or 4.8% compared to the target included in the introductory report of the 2024 Budget, according…

Kefalogianni elaborates on short term rentals and cruise fees

Tourism Minister Olga Kefalogianni expressed optimism that travel receipts will reach 22 billion euros in 2024 compared to 20.6 billion in 2023. Speaking at a press conference, Kefalogianni also referred…

IOBE: Weakening of business expectations in industry

Α slight decline in expectations was recorded in the industrial sector, according to a survey by the Institute for Economic and Industrial Research Foundation (IOBE). More specifically, the index of…

Monday, 16 September 2024

Passenger traffic up 5.4% in Jan-Aug 2024

Passenger traffic at the 24 airports managed by Greece’s Civil Aviation Authority (CAA) rose 5.4% in January-August 2024, according to provisional figures. More specifically, passenger arrivals and departures on both…

Hatzidakis: Extension of the Hercules program-Supplementary budget to increase public investments

Non-performing loans have dropped from 40% in July 2019 to 7.5% in March 2024, Finance Minister Kostis Hatzidakis said during a press conference on Monday. Hatzidakis also referred to the…

Entrepreneurship at 88th TIF: Proposals, positions, activities and announcements

“Naftemporiki” attended the 88th Thessaloniki International Fair (TIF) conveying the climate and the views of established and emerging businesses that participated. The heads of companies from various sectors spoke about…

‘Sounion’ is being towed to a safe location

The Greek-flagged tanker “Sounion” of Delta tankers is being towed to a safe location to the north of the Red Sea, by the Greek rescue vessel “Aigaion Pelagos”. “Aigaion Pelagos”…

Freelancers: Who declare meagre incomes – 6 out of 10 bar and hair salon owners show losses

Losses or meagre incomes are being reported by the majority of freelancers, according to an analysis of their tax return data. Based on the official figures, the owners of bars…

Masoutis: Investments exceeding 25 million euros in 2023

Supermarket Masoutis announced its turnover rose 16.5% compared to 2022 at the corporate level and 14.5% at the Group level while investments exceeded 25 million euros. According to its financial…

Digital Work Card: About 1.5 million employees have already adopted the measure

The implementation of the Digital Work Card measure has been considered particularly satisfactory based on figures showing an increase in the overtime recorded compared to the past. A typical example…

Works for the restoration of port infrastructures in progress

The issue of port infrastructures for the safety of coastal shipping vessels, as well as the management of their itineraries, dominated the statements of the president of the coastal shipping…

What does Athens expect from the Mitsotakis-Erdogan meeting?

Athens seeks to maintain calm waters in Greek-Turkish relations ahead of Prime Minister Kyriakos Mitsotakis’ meeting with Turkish President Recep Tayyip Erdogan. The goal is that any differences do not…

The goals of Ellinikon can be met despite the difficulties

Lamda Development remains committed to the goal of completing the first phase of the project in Ellinikon in 2026 to 2027. According to Haris Goritsas (Chief Financial Officer) and Apostolos…

Friday, 13 September 2024

Piraeus and Port Said mostly affected by the Red Sea crisis

The ports of Piraeus in Greece and Port Said in Egypt are the ones facing the biggest impacts of the Red Sea crisis in the Eastern Mediterranean region, according to…