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Friday, 15 November 2024

Helleniq Energy: Increase in production and sales

Helleniq Energy Holdings SA announced its consolidated financial results for the third quarter, with Adjusted EBITDA amounting to 183 million euros and Adjusted Net Income to 49 million euros, while…

Aegean Airlines: Record passenger traffic and turnover in 9-month

Aegean Airlines announced its consolidated net revenue rose 4% to 1.38 billion euros in the first nine months of 2024, compared to the same period in 2023. The company offered…

Thursday, 14 November 2024

Hatzis: 2024 is a year of mixed signs for Greek tourism

2024 is a year of mixed signs for Greek tourism, according to the President of the Hellenic Hoteliers Federation, Yannis Hatzis, while revenues have not yet exceeded in real terms…

OTE: Revenue up 2.5% in Q3 – Rise in TV and FTTH subscribers

OTE announced strong performance in the third quarter of 2024, with an increase in revenue and adjusted EBITDA (AL) at Group level. According to the company’s announcement, consolidated revenues at…

Ellinikon proves lucrative for Lamda Development

Real estate sales in Ellinikon brought an 82.8% revenue increase to Lamda Development, based on the 9-month results announced by the company’s management. In particular, the consolidated revenues amounted to…

Heating allowance platform opened; 1.3 million beneficiaries

The 1.3 million beneficiaries of the heating allowance have to submit an application on the platform of the Independent Authority for Public Revenue (AADE) until December 6. They will receive…

Corinth Pipe Works: Production capacity expansion plan concluded

Corinth Pipeworks, the steel pipe division of Cenergy Holdings, is moving forward with a series of strategic investments that will strengthen its capacity and boost its production capabilities for the…

Euribor falls below 2.5% for first time in two years

Euribor fell below 2.5%, for the first time since September 2022, offering some optimism to loan holders. Euribor, the benchmark for most floating-rate mortgages, fell to 2.495%, breaking the 2.5%…

Greek shipowners are building the dream fleet of the future

An entire fleet, which the largest registries in the world could envy, is currently being built by Greek shipowners. At the end of October 2024, Newsfront/Naftiliaki had confirmed 552 orders…

Posidonia: 2024 Sustainability Report

Posidonia Exhibitions SA announced the results of the Event Sustainability Report for Posidonia 2024, certifying the long-term commitment to organizing environmentally sustainable exhibitions with a positive impact on society and…

PPC investments doubled to 1.6 billion euros

PPC announced an increase in investments to 1.6 billion euros in the nine-month period from 800 million last year, an increase in turnover to 6.6 billion euros from 5.5 billion…

Hatzidakis: Significant progress since 2019

The Minister of National Economy and Finance, Kostis Hatzidakis, spoke at the 8th Annual Economic Conference of the Hellenic Business Association. “In recent years, the myth has been cultivated in…

Wednesday, 13 November 2024

Rating agencies: Fitch’s verdict on Nov 22 – All possibilities open

The reports on the Greek economy from Fitch and Scope Ratings in November and December respectively will end the spiral of 2024 credit ratings. On November 22, Fitch is expected…

Okeanis Eco Tankers: Environmental strategy and security

2023 marked a strong year in financial performance for Okeanis Eco Tankers, while significant steps were taken in promoting environmental policy and crew safety in the wake of geopolitical developments.…

Greece as a center of innovation: Johnson & Johnson Innovative Medicine’s strategy for new treatments and clinical studies

Johnson & Johnson Innovative Medicine maintains a leading position in the Greek market since 1973 with 83 innovative pharmaceutical products, promotes innovation, invests in development and aims to improve the…

39th PHILOXENIA HOTELIA to be held on Nov 14-16 with increased number of international trade visitors

The 39th International Tourism and Hotel Equipment Exhibition PHILOXENIA HOTELIA will open its gates on November 14, at the Thessaloniki International Exhibition Center, with more foreign participations – three of…

Time is running out for new digitization projects under the Recovery Fund

Time is running out for the announcement of new Information and Communications Technology (ICT) projects with resources from the Recovery Fund. It is noted that the Information Society has undertaken…

Bakatselos (HACC): The new US leadership marks a new era for transatlantic relations

“The result of the US elections marks a new era for transatlantic relations, offering possibilities for strengthening cooperation between the US, Europe and Greece, in an environment of common challenges…

Grant Thornton leads the future with “Future Unfold”: Focus on Artificial Intelligence and Innovation

Grant Thornton, firmly implementing its vision of continuous development and bringing the future one step closer to the present, organized for the second consecutive year “Future Unfold”, with the theme…

PPA: Piraeus port receives Ferry Shipping Port of the Year 2024 award

The port of Piraeus was once again distinguished for its performance.  More specifically, it received the “Ferry Shipping Port of the Year 2024” award in the field of passenger transport,…

Maran Gas: Agreement with Hanwha to build tankers

The shipping group Angelicoussis, made up of the companies Maran Gas, Maran Tankers, Maran Dry, is proceeding with investments, acquisitions and agreements shortly before the end of 2024. After the…

National Bank raises 650 million euros via green bond

National Bank raised funds amounting to 650 million euros by the issuance of a green bond. Demand from the investors exceeded 3.35 billion euros, with the final pricing falling to…

Tuesday, 12 November 2024

Global Ship Lease: Higher profitability despite volatile geopolitical climate

Despite the volatile geopolitical environment and ship reroutings from the Cape of Good Hope, Global Ship Lease, which operates a fleet of 68 container ships, posted profitable results. More specifically,…

Kazas (Grant Thornton): An innovative center as a driving force for artificial intelligence in Greece

The establishment of a pioneering center that will act as a driving force for Artificial Intelligence in Greece was announced by Grant Thornton CEO, Vassilis Kazas, in his introductory speech…

Airport Shopping Park with IKEA, PLAISSIO, INTERSPORT, Holland and Barrett – Holistic model of sophisticated retail

The model of a new commercial strategy is the retail hub of the Airport, which includes four major names in the trade sector – IKEA, INTERSPORT, Holland and Barrett and…

Greek Wine Day in Florence – Greek wine seems to be gaining ground in Italy

Greek wine seems to be gaining more and more ground in Italy. The Greek Wine Day took place for the third consecutive year in Florence. It is a one-day exhibition…

Efraimoglou: ACCI will continue to support the presence of Greek businesses abroad

For the third year, the Athens Chamber of Commerce and Industry (ACCI), on the initiative of its president, Sophia Kounenaki Efraimoglou, participated in the Toronto Economic Forum III. The participation,…

New e-certification program for travel agents in Greek destinations

The new online certification program for travel agents for Greek destinations Greece Destinations Experts Program was presented at the 1st World Meeting of Travel Agents members of the WTAAA (World…

AADE automatically issues tax identification number to children up to 12 years

The Independent Authority for Public Revenue (AADE) will automatically issue a tax identification number to children up to 12 years of age as of Monday. The issuing will be carried…

Kontos: Austriacard Holdings AG is evolving into an international applied technology group

Based on the legacy of 127 years of history and uninterrupted presence in the market, Austriacard Holdings, formerly Inform Lykos, is evolving into an international applied technology group, with a…

Mitsotakis at Grant Thornton event: We can avoid a trade war with the US

I spoke with newly elected US President Donald Trump to congratulate him on winning the elections, while stressing the very good relations between the two countries, Prime Minister Kyriakos Mitsotakis…

Monday, 11 November 2024

Mitsotakis speaks with US President Donald Trump; invites him to Greece

Greek Prime Minister Kyriakos Mitsotakis spoke on Monday with newly elected US President Donald Trump, congratulating him on winning the elections. During their call, Mitsotakis underlined the significance of the…

The impact of US President Trump election on shipping

The two plus one possible effects for the shipping industry, but also for Greece, from the election of Donald Trump to the presidency of the USA are analyzed in “N”…

PCT awards scholarships, promoting social contribution activities

Piraeus Container Terminal S.A. (PCT), a subsidiary of COSCO SHIPPING Ports Limited, has been active in the field of container management in the Port of Piraeus since 2009, through the…

Measures under consideration to open closed apartments

Concerns expressed through the public consultation on the mini-tax bill, about the stringency of the conditions for a property that is closed or available for short-term rent to be provided…

Okeanis Eco Tankers reports lower profit on weaker charter revenue from eight VLCCs

Okeanis Eco Tankers (OET) reported a slowdown in third-quarter and nine-month profit and revenue, due to weaker charter revenue from eight VLCCs. The company listed on the New York Stock…

Performance Shipping: Net profit of 12.4 million dollars in Q3 

Performance Shipping, a global shipping company specializing in tankers owned by the Paleos family, remained on a profitable track in the third quarter of the year. For the third quarter,…

Green light to subsidize optical fiber connections with a speed of 250 Mbps and above

The signing of the Joint Ministerial Decision (JMA) which sets out the procedure and conditions for the provision of the demand boost voucher for optical fiber connections to homes and…

10th Export Summit: Investments the only way to sustainable development and prosperity of the Greek economy

The importance of investments as the only way to the sustainable development and prosperity of the Greek economy will be the message of the 10th Export Summit organized by the…

Salamis Shipyards: Expansion of cooperation with Naval Group in the FDI program

Salamis Shipyards announced the signing of a new six-year framework agreement with Naval Group for the Follow On Support of FDI Belh@rra frigates. The agreement was signed during the company’s…

EU sources: Positive messages for Greece, but also a signal for acceleration in investments, reforms

Greece has ceased to be the weak member of the eurozone. Its public debt is falling, it is generating high primary surpluses and GDP is growing much faster than in…

Banks: Profits of 3.7 billion euros in 9-months – Higher dividend

Greece’s four systemic banks revised upwards their annual goals for profitability and credit expansion, as well as for the dividend they will distribute over the next two years, receiving a…

Friday, 08 November 2024

WTM 2024 confirms positive momentum for Greek tourism

The World Travel Market (WTM) was concluded in London with the confirmation that Britain will remain the country’s leading tourist market in 2025 and the hopes that Greece will succeed…

Metlen: 2.2-billion-dollar solar projects in Alberta, Canada

Metlen Energy & Metals will produce 2.1 terawatt-hours of energy per year powering 2,000 homes through the five 2.2 billion-dollar solar projects held in its investment portfolio in Alberta, Canada.…

Average salary: Greece third to last in the EU

The average salary may have increased in Greece in 2023 compared to 2022, but the percentage was lower compared to the rest of the European countries, as a result of…

Kefalogianni at Monocle: Greece’ strategy focuses on sustainable tourism and extension of tourist season

Tourism Minister, Olga Kefalogianni, was the official guest at an event held at the offices of the internationally renowned media brand Monocle. She spoke with the magazine’s editor-in-chief, Andrew Tuck,…

Nestlé celebrates its 125-year anniversary in Greece

Nestlé celebrates 125 years of presence and continuous supply in the Greek market this year. The CEO of Nestlé Hellas, Nikos Emmanouilidis, stated on the anniversary: “Our 125 years of…

National Bank: Organic profit after taxes about 1 billion euros in 9-month

National Bank announced organic profits after taxes of 983 million euros in the first nine months of 2024 (15% annual increase). Following are the main financial figures, based on the…

Kefalogianni holds bilateral meetings to promote tourism cooperation

The promotion of tourism cooperation dominated the bilateral meetings between Tourism Minister Olga Kefalogianni and her counterparts on the sidelines of the international tourism exhibition World Travel Market (WTM), held…

Antonopoulos (Alpha Asset Management): Recovery of mutual funds

The CEO of ALPHA Asset Management, Panagiotis Antonopoulos, spoke on Naftemporiki TV about the savings of Greeks in deposits and real estate. “Greeks are well informed about interest rates,” he…