The Hellenic Financial Stability Fund (HFSF) decided, due to high demand, to increase the disposal of the National Bank of Greece (NBG) shares. The Fund also announced that it will…
“Hamas is not fighting for the Palestinians, but it is stabbing the Palestinian people in the back,” Israel’s ambassador to Greece, Noam Katz, said in an interview with ‘Naftemporiki’, 40…
Star Bulk recorded revenues of 685.8 million dollars from the operation of its fleet in its nine-month period. The US-listed holding company of Petros Pappas reported a net profit of…
The Hellenic Financial Stability Fund (HFSF) has a 18% percentage in National Bank of Greece, about 27% of shares in Piraeus Bank and shares in Attica Bank. The next step…
Greece’s state budget recorded a primary surplus of 6.084 billion euros in January-October, up from a 1.746 billion surplus target and a primary deficit of 350 million euros in the…
Μinister of Maritime Affairs Christos Stylianidis outlined the immediate priorities of the ministry in his speech at the Piraeus Maritime Club. Officials in Brussels, he said, have begun to understand…
Tοurism Minister Olga Kefalogianni presented the main actions of the National Recovery and Resilience Plan for tourism development. She pointed out that the foundations are being laid and the conditions…
Dr John Coustas’ Danaos Corporation is fully shielded against the weak containership market, securing, in fact, new long-term charters, while growing its footprint in the bulk carrier industry. In its…
The construction of Pier 6 at the port of Thessaloniki, after the re-launch of the tender, is expected to begin in the first half of 2024. The Pier 6 expansion…
The development of offshore wind farms in Greece is on an upward track. The management of the Copenhagen Offshore Partners (COP) expressed its intention to participate in such projects during…
The European Commission “sees” Greece’s economic growth remaining high in 2023 and 2024, twice the eurozone average, primary surpluses around 2.5% over the next two years, an increase in investments…
Market representatives are wondering whether the current positive performance in the electrical and electronic goods sector, both in terms of turnover and unit sales, will continue until the end of…
Fage Dairy Products announced that its nine-month revenues rose 13.3% to 477.3 million dollars (45.09 million euros based on yesterday’s euro-dollar exchange rate) compared to 421.2 million dollars (392.78 million…
Greece will return to capital markets on Wednesday, reopening a 10-year bond issue, with a fixed interest rate of 4.25%, maturing on June 15, 2023, the Public Debt Management Authority…
Olympia Electronics announced that its new investment program, amounting to 3.5 million euros, includes automation systems, new products with the integration of AI technologies and the expansion into new markets.…
Greece’s economic outlook has improved significantly with real GDP increasing and debt falling, returning to pre-pandemic levels, according to the International Monetary Fund (IMF). However, the Fund proceeded with recommendations…
AEGEAN recorded strong growth and profitability in the nine- month period and the third quarter of 2023 as a result of investment in new destinations, increased capacity in the overseas…
Performance Shipping, owned by the Paleos family, is considering an opening in the market for dry bulk carriers. According to shipping sources, the US-listed company, which until now has been…
The good bilateral relations between Greece and Germany, immigration and the imminent visit of Turkish President Recep Tayyip Erdogan to Athens dominated the joint statements by Prime Minister Kyriakos Mitsotakis…
Naftomar will pay nearly 500 million dollars to build four large ammonia carriers (VLACs) at South Korea’s Hanwha Ocean shipyard. As Hanwha reported, each ship will be able to transport…
The ports of Piraeus and Heraklion are proceeding with the energy transformation of their facilities, in order to be able to provide coastal electricity to cruise ships in the near…
The Greece-Turkey High-Level Cooperation Council will eventually be held on December 7, in Athens. Initially, it was scheduled to be hosted in Thessaloniki, on the same date. According to the…
Greek banks pass in the hands of private individuals as is the case with all modern and developed economies. Therefore, the Hellenic Financial Stability Fund (HFSF) completed the sale of…
National Economy and Finance Minister, Kostis Hatzidakis, on Tuesday set the draft law “Measures to limit tax evasion” under public consultation. The consultation will run until Monday, November 27. According…
Capital Product Partners LP has reached an umbrella agreement for the acquisition of 11 newly-built LNG carriers from Capital Maritime & Trading Corp and Capital GP L.L.C, for a consideration…
Public Power Corporation (PPC) is focusing on the production of clean energy, as another small hydroelectric plant of PPC Renewables has started its operation, bringing the number of small hydroelectric…
Greece and Turkey delegations held a fresh round of talks on Confidence Building Measures (CBM) in Ankara. In an announcement, the Turkish Defense Ministry said that the meeting was cordial.…
Greek police has found new evidence during the investigation into the murder of AEK F.C. supporter Michalis Katsouris. It is reminded that Katsouris died in clashes with Croatian football hooligans…
Optima bank announced its nine-month results, for the first time as a listed bank on the Athens stock exchange. More specifically, it recorded 29.7 million euro profits in the third…
The Hellenic Financial Stability Fund (HFSF) announced that it has agreed to sell its entire stake in Alpha Services and Holdings S.A., that is 211,138,299 common registered shares, corresponding to…
Hellenic Financial Stability Fund (HFSF) announced the approval of the offering of a 20% equity stake in National Bank of Greece to the public in Greece, with the upsize option…
Foreign Minister Giorgos Gerapetritis is in Brussels on Monday to participate in the Foreign Affairs Council. Upon his arrival and referring to the situation in the Middle East, Gerapetritis stressed…
‘Body Talk’ is planning its further expansion in the Egyptian market. The Greek sportswear company has already made its debut in the Cairo market with its first physical store, while…
The government is expected to announce new measures to support mainy vulnerable groups over the next few days amid soaring prices in basic goods. A first step will be taken…
Supermarkets are promoting a campaign of reductions in a series of basic products following significant price increases over the last month. According to ELSTAT’s figures, in 42 categories of basic…
The management of Intrakat has already focused on the projects that Aktor has in its portfolio with changes of executives and on-site visits. Intrakat has announced that its main priority…
Greek shipowners managed to secure long-term contracts during the two-year rally of the containerships market, and seem that they have not been affected by the prolonged correction that is now…
JTI Hellas actively participated in the proceedings of the 2nd Eastern Mediterranean and Southeast Europe Conference organized by the Delphi Economic Forum in Brussels. Energy transformation, energy autonomy, the eventual…
A series of statistical readings on the world’s largest fleet, in terms of tonnage, has been made over the last months. Clarksons recently stated that China surpassed the Greek-owned fleet…
Prioritizing the quality of the services it provides to its customers, Greek telecoms OTE responds to high competition in the market, the president and managing director of the Group, Michalis…
Public Power Corporation (PPC) acquisition of Enel Romania leads to a significant increase in a number of areas (number of customers, production base, networks). On a financial level, operating profits…
“I am more optimistic that we will be able to reach a political agreement this year,” German Finance Minister Christian Lindner said after the Ecofin meeting. Lindner suggested that the…
The extension of the presence of the Greek Patriot missiles in Saudi Arabia as well as the wider defense cooperation between Greece and Saudi Arabia were the main issues discussed…
Lidl Hellas is planning investments of 120 million euros over the next three years 2024-2026. As the president of the company, Martin Brandenburger, said in a press conference, the investments…
“Adaptability” is a key word for shipping, Yannis Platsidakis, honorary chairman of Intercargo, stressed during the conference “Greener Shipping Summit 2023. Where is shipping heading in the next decade?” “We…
The Public Power Corporation (PPC) announced increased operating profitability in the nine months of 2023, due to the reduction of operating expenses, and mainly expenses for energy purchases, natural gas…
Safe Bulkers, owned by Poly V. Chatziioannou, remains on a profitable course, despite the drop in the freight market and the unstable economic environment. At the same time, a broad…
The steady decline in global shipbuilding capacity over the past two decades makes it even more difficult for the shipping community to meet green emission reduction targets. After the great…
The humanitarian situation in the Gaza Strip dominated the meeting between Prime Minister Kyriakos Mitsotakis and the French President, Emmanuel Macron, on the sidelines of the International Humanitarian Conference in…
Orders for methanol ships increased in October 2023, as the shipping industry’s interest gradually turned to the use of alternative fuels. According to figures from Norwegian classifier DNV’s Alternative Fuel…
