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Wednesday, 23 October 2024

Cybersecurity: Public and private entities obliged to take protection measures

The draft law of the Ministry of Digital Governance which is under consultation concerns the obligations of public and private entities on issues related to cyber security. According to the…

PPPs critical role in supporting private projects in Greece

The important prospects that open up for private projects in Greece were highlighted in the panel entitled “Investments in Infrastructure – Catalyst in Southeast Europe”, within the framework of the…

Gikas: Safe and affordable fuels to ensusre the smooth energy transition of shipping

“If we want the smooth energy transition of shipping, we must ensure the global availability of safe and affordable, low and/or zero carbon fuels,” Deputy Minister of Maritime Affairs and…

Where can Gerapetritis-Fidan meeting lead; the two scenarios

Foreign Minister George Gerapetritis and his Turkish counterpart Hakan Fidan are preparing for the meeting that will be held on November 8 in Athens, aiming to make progress in the…

IMF: Greece’s growth at 2.3%, inflation at 2.9% in 2024

The IMF “sees” signs of resilience of the Greek economy despite the risks posed by geopolitical tensions in Europe and the Middle East for Greece and the global economy. In…

Tuesday, 22 October 2024

3rd Naftemporiki Economic Conference kicks off on Wednesday

Representatives of the government, the European Central Bank (ECB) and the European Commission, as well as leading executives of Greek businesses, will present their proposals for Greece’s productive reconstruction at…

Digital Big Brother: How AADE will monitor every step of the movement of goods

The Independent Authority for Public Revenue (AADE) will have the possibility to monitor in real time every product traded in Greece from the time of its import, production or manufacture…

Νew deals that change the real estate market

Major deals are underway in the real estate market with Prodea leading the way as part of its strategy to divest from properties it considers not to be in its…

HEDNO: Penalty of 100% of current price for electricity theft

Electricity detected as stolen will be charged at double the current market price, while those who commit electricity theft will pay retroactively for the stolen energy since the date the…

EU officials to “N”: We recognize that there is a problem with electrification

European officials, who spoke to “Naftemporiki” in Brussels during the jouirnalists’ briefing on the Commission’s energy policy, admitted that the use of electric cars is not progressing as rapidly as…

Metlen: Metal recovery plant starts operation on a pilot basis

The new metals recovery unit of Metlen Energy and Metals in Sindos, Thessaloniki, is about to start operating on a pilot basis. According to the planning of the administration, the…

Hellenic Association of Insurance Companies presents the Greek insurance market in London

The prospects of the Greek economy and the Greek insurance market were presented by the Hellenic Association of Insurance Companies in a special event for the reinsurance public of the…

Pharmaceutical industry: Investments of 50 billion euros in 2023

With investments of 50 billion euros in R&D in Europe in 2023, the European pharmaceutical industry (including Greece) is the sector that invests the largest percentage of its revenue in…

The US stock market gives a vote of confidence to Greek shipping companies

The market gives a vote of confidence to the listed shipping companies of Greek interests. A research by “Naftemporiki” reflects the positive messages, as the international rating agencies give a…

PPC to issue 500 million senior notes due 2031

Public Power Corporation (PPC) announced that it intends to issue a 500 million euros aggregate principal amount of unsecured senior notes due 2031, subject to market conditions and demand. The…

Development Ministry: 3 billion euros for strategic investments

Prime Minister Kyriakos Mitsotakis spoke of a definitive and irreversible recovery of the Greek economy during his speech at an event organized by the Ministry of Development entitled “Productive transformation,…

Monday, 21 October 2024

Negative climate in the Greek electrical and electronic goods market

The climate remains negative in the Greek electrical and electronic goods market. According to the data of GFK, in the period January-August, the value of sales stood at -6.4% compared…

BoG: Arrivals up, travel receipts down in August

Tourism revenues fell in August 2024 compared to the same month last year, although a significant increase in the number of visitors was recorded, according to data from the Bank…

ESG Shipping Awards 2024 The Conference: Best Practices for a Sustainable Maritime Future

The ESG Shipping Awards 2024 THE CONFERENCE, a landmark event for the maritime industry’s ESG leaders, successfully concluded on October 18th, 2024, at the Ble Pavillon in Alimos, Athens. The…

Papastergiou to “N”: The plan to avoid digital bureaucracy

The digitization of the country has progressed significantly, the Minister of Digital Governance stated in an interview with “Naftemporiki”. What is required is not only digital services, but also the…

Greek TEN a world leader in aframax fleet

Tsakos Energy Navigation owns the largest fleet of dual fuel aframax type tankers in the world. The NYSE-listed company has a fleet of 74 vessels, of which 12 are under…

Which companies give breath to the Athens stock exchange?

Although the Athens Stock Exchange still remains far from its recent peaks, its +1.9% weekly gains seem to have improved investor sentiment. And this is largely due to the selective…

Shipping: The gap between Greeks and Chinese closes

The fleet of Chinese interests is rapidly developing, approaching the Greek-owned fleet, in terms of transport capacity (dwt). According to an analysis by the Laboratory of Marine Sciences, Technology and…

Piraeus port reducing losses in transit cargo

Losses to transit cargo at the port of Piraeus from the ongoing diversion of ships around the Cape of Good Hope due to the turmoil in the Red Sea are…

Τotal value of Real Estate Investment Companies’ portfolios up 14.7%

The total value of the portfolios of Real Estate Investment Companies increased by 14.7% in the first half of this year compared to the end of 2023. The 9 companies,…

Valachis to “N”: Fourlis aims to become a leading group in SE Europe

Fourlis Group CEO Dimitris Valachis spoke to “N” about the group’s strategy and development plan, which aims to establish itself as the leading retail group in Southeast Europe through partnerships…

Friday, 18 October 2024

Excitement Builds for IBIA Annual Convention in Athens

This year’s convention boasts a distinguished lineup of executives and industry experts who will tackle key issues facing the shipping and marine fuel sectors. Attendees can look forward to in-depth…

Tuesday, 15 October 2024

Government’s 10-week sprint: Bills on tax cuts, allowances, recruitment and personal doctor

The government is seeking to pass a series of crucial bills in the parliament before the Christmas holidays. Following the recent result of the European elections – with citizens sending…

SMEs and manufacturing are the driving force of growth

The need to formulate a new and flexible production model based on the proposals of healthy entrepreneurship and society was highlighted by the President of the Piraeus Chamber of Commerce…

Target Group in search of modern bulk carriers

Target group, owned by Antonis Komninos, is in the process of renewing its fleet. The group, which is housed in the old admiralty of Piraeus, is traditionally a boutique shipping…

DPort Services meets with port workers’ unions on Regulation for Dangerous and Heavy Work

The way is open for the inclusion of the workers at piers 2 and 3 at the Piraeus container terminal in the Regulation for Dangerous and Heavy Work, following a…

Hatzidakis: Significant progress in reducing bad loans

Minister of National Economy and Finance, Kostis Hatzidakis, in his speech in parliament, focused on the significant progress achieved in the reduction of bad loans and the strengthening of tools,…

Athens stock exchange: Cenergy, Quest and… Aegean’s reaction

Top pick Eurobank Equities sees the share of Piraeus Bank as a ‘top pick’ giving a target price of 6.24 euros (from 5.78 euros previously). The decision is based on…

Stylianidis: We support the fleet renewal of Greek shipping

A meeting on the program of “green” ships in the barren lines was held on Monday at the Ministry of Maritime Affairs and Insular Policy. Minister Christos Stylianidis had successive …

Economist: Urgent need for green investments in south-eastern Europe and Greece

The need and challenges for green investments in SE Europe and Greece dominated the Economist conference “Eighth Sustainability Summit for SE Europe & the Mediterranean – Re-inventing green leadership: Collectivity…

E-Commerce: Moderate growth rates in 2024

Greece followed the moderate growth rates recorded in e-commerce throughout Europe in 2024. According to the data of the European E-Commerce Report, published jointly by the Greek E-Commerce Association, E-commerce…

Alumil: Investment boom – Expands its international presence

Alumil is making new investments in its production facilities in Kilkis, the president and CEO George Mylonas announced. More specifically, the company is creating a robotic warehouse (an investment of…

Monday, 14 October 2024

8 green taxes putting pressure on incomes

Green taxes imposed in order to deal with the climate crisis reduce disposable incomes and put pressure on family budgets, but also on business turnovers, while new changes are expected…

LNG gains ground; the Greek shipowners’ plans

The number of ships using LNG in the global fleet is increasing significantly, while Greek shipowners are emerging as “strong” players in ships under construction with this particular fuel. Industry…

Hoteliers: The government’s measures may render Greek tourism uncompetitive

Hospitality industry professionals are expected to make complaints to Prime Minister Kyriakos Mitsotakis at the 2nd event of the “Reimagine Tourism in Greece” initiative, which aims, as the organizers emphasized,…

Quest Holdings acquires 70% of Benrubi SA

Quest Holdings signed an agreement for the acquisition of 70% of the share capital of Benrubi SA for a price of 27.2 million euros, while the total investment may rise…

Eurobank: Tour of Crete – Disbursements of 800 million in the last 5 years to local businesses

The management of Eurobank is on a tour of Crete from Monday, October 14, until Wednesday, October 16, 2024, reflecting the bank’s confidence in the prospects of the Cretan economy…

Athens stock exchange: National Bank’s distant memory, Titan’s correction and Softweb’s double score

Distant Memory The share of National Bank is moving steadily below the price of the recent placement (7.55 euros), struggling to find a positive pace. Only in four out of…

Gikas: Greece at the center of global interest for yachting and marine tourism professionals

Greece’s comparative advantages rank it second among the most popular yachting destinations, Deputy Minister of Maritime Affairs and Insular Policy Stefanis Gikas said at the opening ceremony of the 4th…

Tax dodgers in the nets of Independent Authority for Public Revenue

Hundreds of taxpayers and businesses have been caught in the “nets” of the prosecuting authorities, for laundering “black” money and are already facing “stingy” fines and criminal prosecutions. The economic…

Greece ranks last in the EU in investments as a percentage of GDP

Greece recorded “the largest percentage increase in the volume of investments in the European Union,” according to the announcement of the Finance Ministry. This is true, but equally true is…

Barba Stathis: Its contribution to GDP amounts to 507 million euros

BARBA STATHIS presented an increase in its socio-economic footprint in 2023 compared to 2019, according to the data recorded in a relevant study prepared under the scientific supervision of the…

Friday, 11 October 2024

Kontopoulos: The waiting list, the only case in the Eurozone and the marathon

The Athens stock exchange CEO, Yannos Kontopoulos, is a step closer to his big goal, which he set since the first day of assuming his duties, 2.5 years ago. FTSE…

Stournaras: As long as measures are not taken, the cost of climate change will rise

Studies have shown that the cost of climate change is about to increase, as long as no measures are taken to mitigate the phenomenon, Bank of Greece (BoG) governor, Yannis…

Shipping: The road to green transition is a “marathon”

The managing director of Prominence Maritime, Ioanna Prokopiou, characterized the big issue of the green transition in shipping as a “marathon” and not a “sprint.” Addressing the 5th Athens Triennial…