Tsakos Energy Navigation (TEN) recorded a 160% increase in profits in the nine months of 2023, reaching 272 million dollars, while the rest of the company’s revenue reached 1.4 billion…
A strong shipping company is being created in Greece and Europe, following the green light of the Attica Group and ANEK shareholders regarding the merger of the two companies. The…
The list of the Top-10 supermarkets registered losses of 28% in 2022, with the net profitability index falling to 1.34%, compared to 2.03% in 2021 and 1.75% in 2019. The…
The Japanese information technology NTT Data’s office in Greece is a vote of confidence, Deputy Development Minister Maximos Senetakis said during the inauguration ceremony organized by the Japanese Embassy. In…
The 2024 budget prioritizes the achievement of 10 ambitious goals, including strong growth, lower tax evasion, moderate increase in expenses, higher investments, and a reduction in inflation. A multi-year recessionary…
US-listed StealthGas posted high profitability in the third quarter and the nine-month period that ended on September 30, 2023. In his statements, the CEO of the company Haris Vafias emphasized…
“The Hellenic Development Bank-HDB is now an integral part of the new banking map that outlines the development path of the country, after the acquisition of the investment grade,” its…
Celestyal Cruises is adding three new countries and six new ports to its destinations for 2024-2025. More specifically, the cruise ship ‘Celestyal Discovery’ will approach Croatia, Montenegro and Italy, while…
PPC Renewables participates in the European research project iAMP-Hydro, aiming to use new technologies to improve the operation of hydroelectric plants with technical, environmental and economic benefits. More specifically, iAMP-Hydro…
Fourlis Group recorded strong profitability in the nine-month period, including a significant increase in sales. More specifically, the revenues amounted to 389.6 million euros, recording an increase of 10.5% compared…
Eurobank Ergasias Services and Holdings S.A. announced that its subsidiary Eurobank S.A. successfully completed the issuance of 500-million-euro senior preferred notes. The bond matures on 28 November 2029 and is…
OPAP’s management focuses on the company’s resilient business model, which will continue to generate strong returns for shareholders, responding to the company’s commitments in the areas of sustainability and social…
Greece and India are two countries where the shipbuilding sector is reviving, at a time when the capacity of shipyards in Asia is currently facing limitations due to the large…
Artificial intelligence, hybrid cloud, cyber security and task automation are the spearhead of IBM’s activity in the Greek market. Analyzing the broader market trends, Nikos Maniatis, General Manager of IBM…
The final endorsement of the revised Recovery and Resilience Facility (RFR) “Greece 2.0” is expected to take place at the Ecofin meeting on December 8. The European Commission has positively…
Aegean Shipping Management and COSCO SHIPPING Heavy Industry Yangzhou reached an agreement for the construction of two more tankers, type LR2 ice class, with a carrying capacity of 114,000 dwt…
A total of 27,790.5 thousand travelers visited Greece from January to September 2023, with travel receipts jumping 15.2% to 17.919 billion euros. According to the Bank of Greece, the number…
Τhe second round of the climatic stress test in which 110 banks from all over Europe will participate – including all 4 Greek systemic banks – is a fact. The…
Measures totaling 2.5 billion euros that will boost the citizens’ income are included in the final budget plan for 2024 tabled in Parliament by National Economy and Finance Minister Kostis…
Mevgal announced a new investment program of 15 million euros for 2024-2025. The company has recorded a 20% increase in turnover this year as well as a double-digit growth in…
The current situation of multiple crises should not slow down global efforts to achieve sustainable development, Bank of Greece (ΒoG) governor, Yannis Stournaras, said addressing the Economist conference “The Seventh…
Good corporate governance is critical to the financial success of a company but it is also an indispensable tool, even a fundamental practice, for orchestrating business operations in the best…
Greece is in the 34th place, among 35 countries of the Organization for Economic Co-operation and Development (OECD), in terms of the average wage on a weekly basis in correlation…
Tourism Minister Olga Kefalogianni, addressing the members of the Greek Marinas Association, outlined the immediate plans to strengthen and upgrade maritime tourism, in order to make the most of its…
“The magical element of shipping is that every day we get to know many different peoples, we see how they move, how they grow, how they develop and we are…
OTE is in negotiations for the sale of its Romanian mobile phone company subsidiary, Telekom Romania, based on reports in the press of the neighboring country. OTE is reportedly in…
The 22 commercial and industrial listed companies that have announced nine-month results, managed to maintain their profitability stable. Tourism and inflation, which raises the prices of services provided, positively affect…
In the two years of the pandemic (2021-2022), when the containership market was also at an all-time high, Greek shipowners carefully ensured the operation of their fleet in the long…
A total of 27% of the Greek population spent more than 40% of their disposable income to cover housing costs, giving Greece a negative lead compared to the rest of…
Greek shipowners are the driving force of the secondary market of bulk carriers this year, as they are involved in the majority of acquisition deals, mainly of large ships. In…
Greece’s current account deficit decreased in January-September, while Greek tourism outperformed, with tourist arrivals jumping 17.3%, leading travel receipts to 17.9 billion euros, according to the Bank of Greece (BoG).…
International financial institutions place Greek assets high in their investment options, renewing their confidence in the Greek economy. The positive assessments of foreign financial institutions are based on:the high…
Kostas Kontogiannis, CFO of Skroutz and Andreas Petropoulos, CEO of Convert Group gave an interview to “Naftemporiki” about the evolution of omni-channel commerce and the strategic role of data analytics…
The final draft of the 2024 budget that will be submitted to the Parliament on Tuesday will include high growth rates, higher income through increases in wages, pensions and a…
Entrepreneurship in Greece is faced with significant challenges in an unstable and volatile international geopolitical environment. Among the main challenges are the increased energy costs, inflationary pressures and the lack…
High operating costs, lack of liquidity and difficult access to financing are the three main problems faced by the country’s small and medium enterprises (SMEs). A total of 94% of…
Greece is in the spotlight, with long-term perspectives and great returns, following the success of the National Bank share offering and UniCredit’s investment into Alpha Bank. The acquisition of the…
DEPA Commercial’s board gave the green light for the company’s participation in the development of the first thermal electricity production unit in Albania, marking the expansion of its activities. DEPA…
The shipping industry raised to the international community the issue of possible lack of sufficient quantities of green fuels for shipping, in the framework of the implementation of the goals…
The reduction of the environmental footprint of shipping and the means by which it will be carried out has been at the top of the agenda of the international maritime…
A 2.8 billion dollar credit facility, which advisers to the transaction said is the “largest commercial debt financing” in the global shipping industry, has been secured by Peter Livanos’ GasLog.…
Technical companies, through the Association of Greek Contracting Companies (SATE), are warning the leadership of the Ministry of Infrastructure about the possibility of not being able to smoothly implement the…
The Minister of National Economy and Finance, Kostis Hatzidakis, spoke of an extremely positive development for the National Bank and the banking system, after the completion of the public offering…
Greece sets the bar high in terms of the national energy and climate goals, with the mineral raw materials playing a crucial role. These are mainly the minerals and metals…
A public offering of National Bank of Greece (NBG) shares by the Hellenic Financial Stability Fund (HFSF) was oversubscribed eight times, with the share price estimated at 5.30- 5.44 euros.…
Finance Minister Kostis Hatzidakis presented a package of support measures totaling 352 million euros for 2.3 million citizens in order to help them cope with higher cost of living. The…
The cycle of rising interest rates has ended and the cost of borrowing is expected to start falling in 2024, UBS analysts said during the presentation of the annual report…
As of January 1, 2024, deposits, remittances, movements through e-banking, electronic wallets, vouchers and even coupons will be automatically investigated, as the Tax Office will be immediately informed about the…
Alpha Finance “sees” room for further growth of Real Estate Investment Companies, taking into account the positive prospects of the real estate market, the possible reduction of interest rates from…
Lamda Development is examining the offers of Terna (GEK Terna group), Metka (Mytilineos group) and Intrakat – Aktor for the construction of the Riviera Galleria on the beach front of…
