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Friday, 27 December 2024

The leading role of the Greek-owned fleet and the Europeans’ stance

The Greek-owned fleet is not only the largest in terms of carrying capacity in the world, but it is also the backbone of the European fleet, representing 60%. And thanks…

Clothing: 14.4% jump in retail sales in October; exports down

Retail sales of clothing in Greece recorded a significant increase of 14.4% in October, while exports dropped 9.5%. According to data from the Hellenic Fashion Industry Association (SEPEE), a small…

Considerable amount of debt not settled

A large number of debtors have not proceeded with a debt settlement, according to official data. More specifically, 96.7% or 104.85 billion euros of the overdue debts totaling 108.45 billion…

The Finance Ministry’s plans for 2025; investments and reforms

The Annual Action Plan of the Ministry of National Economy and Finance features 36 emblematic strategies, including 13 investments and 23 reforms. The ministry’s Plan includes 17 new legislative initiatives…

Souroti: Investments in equipment, expansion to new markets

Souroti SA is expected to register a 26% increase in turnover to 17.2 million euros in 2024 compared to 2023 and 70% compared to 2022, according to its management, continuing…

PPC: New energy production projects by 2027

The commercial operation of two new gas turbine units at the PPC Santorini Power Plant, in the Monolithos area of Thira, has begun. With a total nominal power of 30MW…

Sustainable water management: Strategies for the protection οf water resources

EYDAP’s Sustainable Development is based on the sustainable management of the hydrological cycle and the reduction of the company’s environmental footprint. The rational utilization and exploitation of natural resources without…

649 actions to boost Greek exports in 2025

The Secretary General of International Economic Relations of the Ministry of Foreign Affairs and Chairman of the Board of Directors of Enterprise Greece, Dimitris Skalkos, in an interview with “N”…

Monday, 23 December 2024

Reducing public debt by 2026: How and how much?

The Public Debt Management Agency’s (PDMA) annual lending program provides for continuous presence in the markets in 2025 through early repayments of bilateral loans, issuance of bonds but also limited…

Intergovernmental agreement between Greece and Israel to promote regional energy stability

An intergovernmental agreement to promote regional energy stability, as well as innovative energy projects concerning the Eastern Mediterranean and the entire European Union, was signed by the Minister of Environment…

PPA receives two more awards

The Piraeus Port Authority (PPA) received the True Leader and ESG Leading Award Company. The “True Leaders” business award, which is held through ICAP CRIP, the leading group of companies…

Alpha Bank: 461 properties change hands

The first phase of the agreement among Alpha Bank, Dimand (in collaboration with Latsco Family Office), Premia REIC and EBRD (European Bank for Reconstruction and Development) was completed. The project…

7 most promising Greek startups at Endeavor’s Scale Up

According to the report of the 7 startups that completed the 8th Cycle of Scale Up by Endeavor Greece, they accounted for over 50 million dollars and 242 jobs internationally,…

Athens stock exchange: Another positive year; best performing stocks

Investors and shareholders reaped significant returns in 2024, with the Athens Stock Exchange completing another positive year, leaving behind the difficult days of the previous 10 years. With the market…

Crete-Attica electrical interconnection completed

The construction of the Crete-Attica electrical interconnection is an important milestone for the national electricity system. After the necessary tests, it is expected to be put into operation in the…

Diana Shipping: Revenue of 6.42 million dollars from time charter

A time charter contract with Japan’s largest shipping company Mitsui O.S.K. Lines (MOL), for a capesize vessel, was signed by the New York-listed shipping company Diana Shipping, owned by Semiramis…

Hellenic Cables: Contract with RTE for the Bretagne Sud project

Hellenic Cables, in a joint venture with Jan De Nul Luxemburg SA, has signed a framework agreement with the French Electricity Transmission System Operator, Réseau de Transport d’Électricité (RTE). According…

Innovation and Technology in EYDAP’s Water Supply and Sewerage Infrastructure

Continuous research and development are areas of critical importance for the evolution, modernization and growth of a modern company such as EYDAP. Proper management of operations is based on reliable…

Friday, 20 December 2024

Coca-Cola HBC: Investments of over 65 million euros in 2025

Coca-Cola HBC is planning investments exceeding the 65 million euros of this year’s budget. The new General Manager of Coca-Cola Hellenic for Greece and Cyprus, Svetoslav Atanasov, said that “Greece…

Bank of Greece: Greece’s growth rate is expected to reach 2.5% in 2025

Greece’s growth rate is expected to reach 2.5% in 2025, according to the monetary report of the Bank of Greece (BoG). Based on the current forecasts, the GDP growth rate…

Greece-Cyprus interconnection: IPTO in search of new partners after Meridiam

Meridiam SAS agreed to buy a stake in Greece’s 1.9-billion-euro project to link its power grid with Cyprus and Israel through undersea cables across the eastern Mediterranean, according to Bloomberg…

Everything is ready for the 5th request of 3.1 billion euros to the Recovery Fund

Following the approval of the revised Greek Recovery and Resilience Plan “Greece 2.0” by the European Commission, the time has come for the submission of the fifth request, which concerns…

Kefalogianni: Tourism revenue to reach 22 billion in 2024

The strategy and initiatives for sustainable tourism development, with Greece emerging as a global model of quality, authenticity and sustainability, were presented by Tourism Minister Olga Kefalogianni during her speech…

HRADF acquires 35% of DEPA Commercial owned by Helleniq Energy

The Hellenic Republic Asset Development (HRADF) signed an agreement for the acquisition of 35% in DEPA Commercial owned by Helleniq Energy. The agreement provides for full control and flexibility of…

High-level Israeli business delegation to the ACCI

The possibilities of cooperation between Greece and Israel and the ways and means of strengthening bilateral economic and business relations, were at the center of the meeting between the President…

Containers are “returning” to Piraeus port

Container traffic at all three terminals in the port of Piraeus shows a positive performance, despite the fact that most containerships continue to avoid the Red Sea. From Pier I…

ONEX Shipyards & Technologies: Agreement with MAN Energy Solutions SE for the supply of propulsion engines

ONEX Shipyards & Technologies Group signed an agreement with MAN Energy Solutions SE for the order and supply of twenty sets of main propulsion engines to be installed on the…

Vodafone Greece: Investments in modern networks shape the country’s digital future

Vodafone Greece is accelerating the development of its fixed telephony network, having implemented more than 300,000 fiber-to-the-home (FTTH) lines. By 2025, Vodafone’s fiber-optic network will become commercially available in 500,000…

Thursday, 19 December 2024

Castor Maritime acquired 74.09% of MPC AG

Castor Maritime Inc., owned by Petros Panagiotidis, is strengthening its presence in the container shipping and energy infrastructure sectors. Castor Maritime has entered into an agreement with MPC Holding to…

Alpha Bank: 300 million euros to Metlen for the construction of 5 photovoltaic parks in Romania

Alpha Bank finances the construction of 5 photovoltaic parks, with a total capacity of 408.5 MW, to be carried out by Metlen Energy & Metals in Romania, supporting green development…

Golden visa: Extension for 3,000 pending cases

An extension until February 28, 2025 is granted for the completion of investments that will allow thousands of investors to acquire a residence permit (Golden Visa) following an amendment submitted…

SEV: Business data is a source of wealth

The importance of the available data for the development of businesses was highlighted by the Hellenic Federation of Enterprises (SEV), in the context of an event entitled “The power of…

Greece registers the second lowest food inflation among EU-27 in November

Greece registered the second lowest food inflation among EU-27 in November. According to Eurostat data, food and non-alcoholic drink prices in Greece rose marginally by 0.4% compared to November 2023,…

Diamonds of the Greek Economy 2024-Ktenas: We highlight the healthiest growing companies

Naftemporiki’s general manager Spyros Ktenas underlined during his speech the trust of the business world in the Diamonds of the Greek Economy 2024 event. Ktenas pointed out that this event…

New promising startups with growth potential 

Promising innovative startups participated in the “4th WMF Startup Competition & Conference” held in Thessaloniki. The “4th WMF Startup Competition & Conference” was held by the Entrepreneurship Center of the…

PPA remains steadfast in its social policy

PPA S.A. concluded its large social contribution and support program in view of the Christmas and New Year holidays, with a series of various actions and initiatives, which aim to…

Mytilineos: Decisive action needed to lower energy costs and create a level playing field

The need to take decisive action to lower energy costs and create a level playing field was highlighted by Evangelos Mytilineos, President and CEO of METLEN Energy & Metals and…

Parliamentary Budget Office sees 2.8% primary surplus in 2024

The positive performance of public revenues enhances the possibility that the primary surplus will exceed 2.5% of GDP and even reach 2.8% this year. Revenue from combating tax evasion, which,…

Wednesday, 18 December 2024

Legal audit and loan haircut will determine Avramar’s rescue

Any issues that may emerge during the legal audit, as well as the model that the banks will choose in order to be able to proceed with a haircut on…

Info Quest Technologies undertakes the distribution of Commvault solutions in Greece, Cyprus and Malta

Info Quest Technologies announced its collaboration with Commvault, a global leader in data protection and management solutions. As part of the collaboration, Info Quest Technologies undertakes the distribution of Commvault…

Investigation into companies that manage bad loans and debts

Money laundering investigators have launched extensive audits to companies that manage bad loans and debts to banking institutions. By order of the head of the money laundering authority, Charalambos Vourliotis,…

Cosmos Sport: Investments of 15 million euros for new stores

Cosmos Sport sees significant growth prospects in the sportswear market, investing 12-15 million euros annually to develop a network of stores in Greece and Cyprus. According to JD/Cosmos Group CEO…

Athens stock exchange: Listed companies aiming for 2 billion euros

Cenergy and GEK TERNA are well placed to attain a 2 billion euro market valuation as listed companies on the Athens Stock Exchange. Based on yesterday’s valuation, the former has…

Sahinis leaves open the possibility of increases in water tariffs

The management of EYDAP left open the possibility of increases in water tariffs in the coming period, while referring to the projects to address the water shortage in Attica. As…

Shiamisis: The three moves that will change the story of Helleniq Energy

Helleniq Energy’s CEO, Andreas Shiamisis, is hiding many pleasant surprises for shareholders, in an effort to leave behind the adventure of the extraordinary taxation on last year’s profits, which translates…

Klarna survey: Fewer gifts for 20.1% of Greeks

Consumers are adopting various practices to save money and maximize the value of holiday shopping, according to a survey by Klarna, a global payment and shopping service, on the consumer…

No more cash in real estate purchase; exceptions to the rule

Real estate purchase and sale contracts drawn up after December 11, 2023, but in execution of preliminary agreements that were drawn up before that date, can also be paid in…

Greece’s pharmaceutical industry on investment spree

Greece’s pharmaceutical industry is implementing investments that will reach 1.5 billion euros by 2026, the president of the Panhellenic Association of Pharmaceutical Industries & co-CEO of the ELPEN group, Theodoros…

Tuesday, 17 December 2024

Information Technology in Greece to reach 10.4 billion euros or 4.6% of GDP

Greece needs higher growth rates in the sector of Information and Communication Technologies (ICT) in order to converge with the European Union average in a five-year period. According to a…

Greek Army: First Patroller deliveries in 2025

The first system of the new Unmanned Aerial Vehicle of the French Army Patroller is expected to be received early 2025. In November 2024, the first test flight of the…