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Friday, 20 December 2024

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…

Angelakis to “N”: Book publishing market expected to surge at Christmas

Greece’s book publishing market has recorded lower revenue while operating costs are on the rise, hitting publishing companies and bookstores. Although the sector expects a strong start by the New…

SEKE: Increase in turnover and profits-New honey production unit inaugurated

SEKE (Cooperative Union of the Tobacco Growers of Greece) expects to close this year’s fiscal year with a large increase in turnover and improved profitability, while at the same time…

IPTO-Serverfarm collaboration for the operation of Data Centers in Greece

An agreement for the creation of the Gemini consortium, aimed at the development and operation of state-of-the-art hyperscale-ready Data Centers in Greece, was signed by IPTO and Serverfarm, a data…

PPC plans to offer new products and personalized services

PPC plans to offer new products, value-added solutions, and personalized services, as announced at the 7th PPC Group Marketing Conference, held at Metropolitan Expo on December 13. In an effort…

Aegean: The top destinations for Christmas

Greeks are choosing to travel abroad, mainly in traditional Christmas destinations such as Vienna, Paris, Geneva, as well as Krakow, Helsinki and Oslo, according to Aegean Airlines. The offers of…

Huawei launches European Logistics Hub in Greece

Huawei has announced the launch of its European Logistics Hub in Greece, which is expected to become a benchmark in the company’s global supply chain. The state-of-the-art facility, which will…

EU Commission has disbursed 42% of RRF allocation-What Greece is waiting for

The European Commission has already disbursed 42% of the funds from the Recovery and Resilience Fund to the 27 member states, according to the new Commissioner for Economy and Productivity,…

Monday, 16 December 2024

Investments in data centers in Greece

Greece’s goal to become a data processing and transfer center seems more feasible than ever. However, most of the investments that have been announced, and if implemented will change the…

Research Greece revises GEK TERNA shares

Research Greece revised the target price for the GEK TERNA’s share at 25.8 euros and gave a buy recommendation (Own It). In its new note, the specialized and independent financial…

Metlen applies for second listing in London

Greek energy group Metlen has applied for a second listing on the London Stock Exchange (LSE), according to two sources cited by Reuters. The company’s shares are currently traded on…

Athens stock exchange: The bittersweet taste of 2024 and the Christmas gifts

The General Index on the Athens Stock Exchange has shown an average return of +13.5% since the beginning of the year, as the first half of December has largely restored…

Iktinos: Approval for the quarry in Volakas

Iktinos received approval from the decentralized administration of Macedonia Thrace for the lease, by direct contract, of a public area of 99,403 sq.m. for the underground exploitation of a marble…

Greek parliament passes 2025 Budget; tax reliefs and income support measures

Greece passed the 2025 budget – a budget with almost zero deficits, strong primary surpluses, high growth rates, unemployment below 10%, inflation close to the 2% target – at a…

Hellas Gold: Total economic value of 343.9 million euros

The 2023 Social Responsibility Performance Report of Hellas Gold shows a total economic value of 343.9 million euros, and the strengthening of both  local and national growth. According to the…

Sallas to Naftemporiki TV: It is unfair to claim that banks received money from the State

“It is unfair to claim that banks received money from the State. They did take money, but they had previously written off claims against the Greek State with the PSI…

Entersoft-Softone Merger: A leader in Business Software

Olympia Group, owned by Panos Germanos, announced the integration of Entersoft and Softone into a single organization. The two companies together will have revenues of around 120 million euros with…

The next day for Greece’s water utility EYDAP

The energy crisis may significantly affect the financial and stock market course of EYDAP, but CEO Haris Sachinis, who has been at the helm of the water company since 2019,…

Friday, 13 December 2024

Greece’s Gross Registered Tonnage (GRT) on a downward path

Greece’s Gross Registered Tonnage (GRT) has been reduced by 40% since 2014, based on data published by the Hellenic Statistical Authority (ELSTAT). More specifically, 356 cargo ships were registered under…

Huawei launches European Logistics Hub at the Piraeus Container Terminal

The technology giant Huawei is planning to create a European Logistics Hub at the Cosco facilities in the port of Piraeus, demonstrating the emphasis it places on its investment in…

Helleniq Energy’s plan to make Elpedison a leading company

Helleniq Energy aims to radically reform Elpedison in order to render it a leading company in the energy sector. The management of the Helleniq Energy group and CEO Andreas Shiamisis…

Start-ups: Funding for Greek startups to reach 555 million euros in 2024 

Capital of 555 million euros was invested in approximately 90 Greek startups in 2024, an increase of 15% compared to the previous year, according to the “Digital Transformation in Greece…