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Wednesday, 15 January 2025

MSC receives warm welcome at its first visit for 2025

The ship “MSC Sinfonia” was met with a warm reception during its first visit to the port of Piraeus in 2025 by the management of PPA SA, organizing a special…

Theodoratos (SEEN): Greek coastal shipping has spent over 1 billion on fleet upgrade

The competitiveness and green transition of coastal shipping dominated the first section of the Greek Shipowners Association for Passenger Ships (SEEN) conference “Modern Coastal Shipping, Sustainable Development of Islands.” The…

Tuesday, 14 January 2025

Titan America files for IPO

Titan America has filed a registration statement for its proposed initial public offering (IPO) on the New York Stock Exchange. The completion of the offering is subject to market conditions…

Titan America files for IPO

Titan America has filed a registration statement for its proposed initial public offering (IPO) on the New York Stock Exchange. The completion of the offering is subject to market conditions…

Development of Skroutz Points and new services – 20 years of presence in the market

Skroutz aims to increase its presence in the Greek territory as well as to develop new services in 2025. After expanding to Cyprus in 2023 and increasing deliveries to Europe,…

Is Greece’s power grid capable of handling the surge in demand due to the cold weather?

Greece’s electrical system has addressed the “cold wave” that is currently underway, peaking the demand for electricity, without any problems, maintaining its export orientation towards the neighboring markets of the…

The Ellinikon Mall construction project is kicking off

The preparations for the start of construction of the country’s largest shopping center in Elliniko, The Ellinikon Mall, with a leasable area of 100 thousand sq m and 350 stores,…

Strategic partnership between Performance Technologies and ThreatScene Greece to strengthen cybersecurity services

Performance Technologies and ThreatScene have announced their strategic partnership in the field of cybersecurity. The partnership between the two companies aims to provide and improve cybersecurity services that enhance organizations’…

First crash test for 2025 in the markets – The advantages of Greek bonds

Greece is expected to issue on Tuesday a ten-year bond maturing on June 15, 2035. As last year, the Greek government is present in the markets in the first month…

SPC Greece: Cooperation agreement with EEL

SPC Greece has signed a Memorandum of Understanding (MoU) with EEL, assuming the presidency of the European Shortsea Network (ESN), in the context of strengthening the European Union’s strategy for…

The global fleet is turning green

The global fleet of ships powered by cleaner fuels has seen significant growth over the last years, as vessel operations contribute to greener intermodal corridors, supporting IMO’s carbon reduction goals.…

KRI-KRI: Turnover seen exceeding 250 million euros in 2024

Dairy KRI-KRI said that it recorded double-digit growth rates in 2024 while its annual turnover is estimated to exceed 250 million euros, compared to 216.33 million in 2023 and 171.88…

Concern over inflation pressures in early 2025

Τhe goal of reducing inflation to 2% for both the Eurozone and Greece has become a high-risk bet since the start of the new year, as “clouds” are already visible…

Monday, 13 January 2025

ThPA: A new chapter with the entry of Margarita Louis-Dreyfus

LeonidsPort B.V. of the French Louis-Dreyfus family, whose homonymous business group (LDC) is one of the world’s largest agri-food trading and processing groups, intends to invest at least 57 million…

Kasinos to “N”: Trastor’s portfolio to reach 1 billion euros in 2027

Trastor REIT (Real Estate Investment Company) is entering a new phase, planning a capital increase of 120 million through the sale of new shares. Based on published data,  its Gross…

LCI-Libra Group: Loans of 420 million euros to strengthen its fleet

LCI, a subsidiary of Libra Group, is proceeding with the procurement of new helicopters, with the aim of providing a project with a strong social footprint. For the purchase of…

New Microfinance Fund: Low-interest loans of 3,000-25,000 euros to small businesses

Low-interest loans of 80 million euros will be available from January 27, 2025 to small businesses with up to 10 employees through the new Microfinance Fund, supported by the European…

Fleet Management Limited broadens its presence; opens offices in Athens

Fleet Management Limited’s new CEO Captain Rajalingam (“Raja”) Subramaniam assumed the role of CEO on 1 January 2025 and began the year with two significant announcements. The company opened a…

Supermarket chains turn to convenience stores

Large supermarket chains are changing their policy in terms of claiming a larger share of the “neighborhood” turnover, with the franchise model being a catalyst for growth for the coming…

The next step for banks after the new regulations

The day after the voting of the budget and the new regulations marks the return to reality for businesses, which are struggling to improve their competitiveness. Following its interventions on…

LeonidsPort B.V. launches tender offer for 21% stake in Thessaloniki Port Authority

The Dutch company “Leonidsport B.V” submitted a voluntary tender offer for a maximum of 2,116,800 shares of the Thessaloniki Port Authority (ThPA), representing 21.0% of the company’s share capital and…

TEN seen registering high growth rates in the next 3 years

Analysts see high growth rates for US-listed Tsakos Energy Navigation (TEN) over the next three years, as well as a target price of 31 dollars per share (72% above its…

Greece and 46 other maritime powers’ proposal for pricing gas emissions

The International Chamber of Shipping (ICS) has submitted a proposal to the IMO for the adoption of a common pricing mechanism for gas emissions in international shipping, in order to…

Friday, 10 January 2025

LC Waikiki expands its presence in the Greek market

Turkish clothing chain LC Waikiki is strengthening its presence in the Greek market.The company, which entered the Greek market in 2018, is claiming a significant share in the fast fashion…

Supermarkets: Low expectations for 2025

Supermarket executives see a slowdown in the sector’s growth in the first half of the new year, according to a survey of retail and FMCG (fast-moving consumer goods) industry trends…

Telecommunications providers’ shares remained stable

The market shares of the three telecommunications providers – OTE, Vodafone and Nova – have remained unchanged, although consumer mobility (phone number portability) is increasing. According to the Market Overview…

Insurance market surged by 8.2%

The insurance market gained momentum in 2023, with premium production increasing by 8.2% to 5.4 billion euros, according to the annual statistical report “Private Insurance in Greece” of the Hellenic…

A breakdown of imports and exports in November

Exports fell by 279.7 million euros (-6.5%) to 4.02 billion euros in November 2024 compared to 4.30 billion euros in November 2023, according to an analysis by the Center for…

Greeks worked 179 days just to cover their tax obligations in 2024

Greeks were forced to work two more days in 2024, compared to a year earlier, in order to manage to pay their increased obligations to the State. Based on the…

Thanos to “Naftemporiki TV”: Positive messages for Greek tourism in 2025

The Executive director of SETE, Alexandros Thanos, spoke on Naftemporiki TV about the challenges that Greek tourism will encounter in 2025. Thanos stated that “2024 is the new reference year…

REDAR joined the European Space Agency Business Incubation Centre Greece

The European Space Agency Business Incubation Centre Greece has welcomed the start-up REDAR, aiming to offer innovative environmental monitoring solutions using optoelectronic technologies. REDAR is an innovative startup that develops…

Greece employs 89,000 third country nationals to cover vacancies

Unskilled workers in agriculture, food industry, and elderly care units  are the main professions that the government seeks to cover with the transfer of workers from third countries. More specifically,…

Aluminium businesses thriving due to new trends in the cyclical economy

The price of aluminum increased by about 10% in 2024 compared to 2023 due to the Chinese market, trade disputes and supply chain disruptions. According to industry data, prices ranged…

Thursday, 09 January 2025

44 new tugboats added to the Greek registry

A total of 44 new tugboats were registered in the Greek registry during the period from 2021 to 2024, according to a response from the competent Directorate of the Maritime…

Heavy fines for property owners who do not comply with new short-term rental regulations

Property managers who do not comply with the new regulations applicable to short-term rentals, or who obstruct an inspection by the Public Authority for Public Revenue (AADE) and the Tourism…

PPC Group: Construction of a CHP unit for district heating in Western Macedonia

The Public Power Corporation (PPC Group) announced the initiation of the construction of the High Efficiency Combined Heat and Power Unit (CHP), with the view to ensuring the coverage of…

TÜV AUSTRIA Hellas awarded in the “Diamonds of the Greek Economy 2024”

TÜV AUSTRIA Hellas, the leading Group of holistic services in Certification, Training, Technical and Industrial Audits, Certification of Professional Qualifications, Regulatory Compliance, Laboratory Analysis and Testing, Technological Solutions for Digital…

EY: Greeks limit their consumption habits

The prolonged economic slowdown and the explosion of inflation are leading to more restrained consumer trends and changes in the shopping basket, according to the EY Future Consumer Index. Greek…

Athens stock exchange: The most promising listed companies and their price target

The Athens Stock Exchange has made a strong start with high expectations in 2025, while investors, despite the 4-year rally, continue to see domestic listed companies trading at attractive valuations.…

Psaltis (Alpha Bank): We are creating a bank with a strong identity

Alpha Bank CEO Vasilis Psaltis highlighted a series of significant milestones that have transformed the bank and placed it on a new growth trajectory. According to the CEO, the key…

New tourism bill in Parliament – ​​What does it provide for Airbnb?

The new bill of the Tourism Ministry has been submitted to Parliament for discussion and approval. It is a continuation of the previous legislative initiatives of the ministry (Law 5061/2023…

2024 was highly profitable for containerships and bulk carriers

Containerships and bulk carriers were the winners of 2024 in the shipping industry. Although the general ClarkSea index averaged 24,964 dollars per day, up 6% year-on-year and 30% over the…

SKY express launches direct Athens – Yerevan route

SKY express further strengthens Greece’s connectivity with the Caucasus region, as it now directly connects Athens with the capital of Armenia. The first SKY express flight landed at Yerevan’s Zvartnots…

Wednesday, 08 January 2025

Zacharaki to “N”: Focus on social cohesion and the protection of children

The measures that will be implemented in the new year to strengthen social cohesion and address demographics as well as to protect children and the vulnerable groups were revealed by…

Athens International Airport: Passenger traffic soars; 31 million passengers

Passenger traffic at the Athens International Airport (AIA) rose by 13.1% compared to 2023. According to an announcement by Athens International Airport “Eleftherios Venizelos” and based on statistical data, 31.85…

Mitsotakis from Cairo: Cooperation with regional players who share common views

Prime Minister Kyriakos Mitsotakis referred to the geopolitical challenges in the Middle East region during his statement in the context of the 10th Trilateral Summit of Greece-Egypt-Cyprus held in Cairo.…

New TAXIS system will have a 100-year memory

The new Integrated Tax Information System TAXIS, which is to be built by the Independent Authority for Public Revenue (AADE) by 2029, will have enhanced memory. The technical specifications for…

At the mercy of the powerful!

Rising gas prices risk weighting on industry as well as on all citizens around Europe. Meanwhile, Austria has been added to the list of countries facing political difficulties and as…

Polish fashion retailers intensify their expansion into the Greek market

The Polish clothing chain group LPP is rapidly expanding its presence in the Greek market, through new stores under the “Sinsay” brand and at least two more of its other…

Hatzitheodosiou: Housing will be the main issue for entrepreneurship in 2025

The president of the Athens Chamber of Commerce, Yiannis Hatzitheodosiou, highlighted the significant increase in expenses faced by small and medium-sized commercial enterprises, while he also referred to consumer trends…