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Tuesday, 10 December 2024

PPC: Share capital increase of 150 million euros for Fibergrid

PPC has decided to increase the share capital of its 100% subsidiary for Telecommunications, Fibergrid, by 150 million euros. This increase will be made gradually, with 40 million to be…

Tourist spending in Greece up 14%

Tourist spending in Greece increased by 14% compared to the previous year, according to the “Visa Mediterranean Tourism Analysis.” The analysis covers transactions in physical stores in Greece with Visa…

Early repayment of 7.9 billion euros of loans on Friday

It is now a matter of time to complete the process of early repayment of three more installments from the loan of the first memorandum totaling 7.935 billion euros after…

Greece to pump 3.3 bln euros of liquidity into market in 2025

The total value of financing sources for investment projects of small and medium-sized, large and newly established enterprises that will be activated in 2025 is estimated to reach almost 3.3…

Investment conference: Global economy in a minefield

The 1st investment conference organized under the auspices of SFK Financial Group focused on the global economy amidst the intensifying geopolitical uncertainty. The President of SFK Financial Group, Dr. Evangelos…

JP Morgan: Higher price targets for Greek banks

JP Morgan upgraded the price targets for Greek bank shares. Specifically, the US rating agency upgraded Eurobank to 3.20 euros (from 2.80 euros), National Bank to 9.80 euros (from 9.70…

Metlen: Bauxite exploration in Ghana is part of the EU’s Global Gateway

METLEN strengthens Europe’s strategic autonomy in critical raw materials by receiving significant support from the European Union’s Global Gateway for its investment in Ghana. Τhe project concerns the exploration and…

Monday, 09 December 2024

Thessaloniki: Cruise on a dynamic trajectory in 2025

Cruises in Thessaloniki are expected to move on a dynamic trajectory in 2025, as the planned arrivals show, with the leading international companies not only making their presence in the…

Helleniq Energy: Agreement to acquire 50% of Elpedison for 164 million euros

Helleniq Energy has reached an agreement with Edison International Shareholdings S.p.A. on the terms of the acquisition of 50% of the company Elpedison. “Helleniq Energy Holdings S.E. announced that it…

Eleni Vrettou: The woman who reformed the bank

Eleni Vrettou is the person of the year because she completed a project that many viewed with suspicion – not unjustly, admittedly, if we take into account the recent past.…

Athens Stock Market: Expectations for the last 15 sessions of 2024

The General Index may have returned above 1,450 points for the first time since the end of September, but the question is whether the Athens Stock Exchange will manage to…

The winners of the Lloyd’s List Greek Shipping Awards

The Lloyd’s List Greek Shipping Awards took place on Friday, December 6. The event presented 20 awards to individuals, companies or organizations for achievements in the shipping industry during the…

400,000 people disappeared from the middle class in Greece

The government is seeking an antidote to the high cost of living through changes to the tax scale, in the context of achieving the goal set for “re-approaching” the middle…

Economic aid for energy saving interventions extended to tenants

Greece has secured financing from the Recovery Fund for the new energy saving program “Exoikonomo 2025” that will be announced in the next few days with an increased budget for…

Construction companies: Concessions boost their revenue

Concession contracts are now a key pillar for large construction groups, and this was also evident in the developments that occurred on Olympia Odos. The motorway that connects Athens with…

Metlen invests 300 million in critical raw materials

Metlen’s commitment to contributing to the European production of critical raw materials is proved by the new investment of 300 million euros for the production of alumina and bauxite, as…

AVAX targets more than 25 new tenders for PPP contracts

The AVAX Group has achieved high returns and capital gains over the last three decades by investing in a diversified portfolio of participations in a total of 19 concession and…

Friday, 06 December 2024

Eurobank: Strong interest in 600-million-euro senior preferred notes

Eurobank announced that it successfully completed the pricing of 600-million-euro senior preferred notes. The bond matures on 12 March 2030 and is callable at par on 12 March 2029, offering…

Alumil’s comeback and the next day

Alumil is preparing a dynamic comeback as its operating profitability has risen 55% in the nine-month period and the stock market value has returned to the highest levels of the…

Energy Ministry announces electricity subsidies for December

The Ministry of Environment and Energy announced the extraordinary economic support for electricity bills regarding the December consumption. Specifically, the subsidies for electricity in household tariffs and for all services…

HELLENiQ ENERGY: New 110 MW RES project portfolio

Rapidly implementing the strategic transformation plan “Vision2025”, HELLENiQ ENERGY added to its portfolio, through its subsidiary HELLENiQ Renewables, 110 MW photovoltaic projects in the Prefecture of Kozani. This is, as…

Shipping: The Greek flag remains in the top-10, albeit with losses

The top ten countries with the largest fleet of ships under their flag remained unchanged. Greece, which is home to more than 600 shipping companies that control over 5,500 ships…

Scope Ratings: Positive signal for Greece

Scope Ratings is sending positive messages about the course of the Greek economy a few hours before the release of its report on the country’s credit rating. The rating agency…

Mitsotakis to Cormann: OECD report acknowledges Greece’s substantial progress

Prime Minister Kyriakos Mitsotakis met the Secretary General of the Organization for Economic Cooperation and Development (OECD) Mathias Cormann, who presented the OECD Economic Survey.“It is a presentation that…

Stylianidis: Decarbonization the biggest challenge in the shipping sector

The Minister of Maritime Affairs and Insular Policy, Christos Stylianidis, described the synergies between the public and private sectors as necessary for the renewal of the coastal shipping fleet on…

Port of Piraeus: PPA ready to deal with potential pollution

A preparedness exercise for responding to a marine and land pollution incident was implemented by Piraeus Port Authority S.A., within the central facilities of the port of Piraeus and specifically…

Pitsilis (AADE): Multiple benefits from the unification of tax and customs services

The governor of the Independent Authority for Public Revenue (AADE), Georgios Pitsilis, highlighted the benefits of unifying the tax and customs services under one organization, on the model of the…

Thursday, 05 December 2024

National Bank supports the extroversion of the Greek technology & innovation ecosystem

Greece has been on an upward trajectory over the last years, with many talented entrepreneurs, a number of start-ups and some of the most innovative ideas, which create all the…

Dimand to deliver the new Piraeus Courthouse in August 2026

The new Piraeus Courthouse, which Dimand is constructing on behalf of the Ministry of Justice, will be delivered in less than two years, in August 2026. The project, worth 80.9…

Mineral wealth is national wealth: New framework (post mining) for Greece’s mining heritage

Mineral wealth and its utilization, both in the context of mining exploitation and after its completion, were the main topics of the event organized in Lavrio by the Association of…

National Investment Fund to be fully operational in the second half of 2025

The full operation of the National Investment Fund will begin in the second half of 2025, as announced in the context of the 2nd Growthfund Summit of the Superfund /…

Weber to “N”: The Ukrainian war is not between two nations, but between two systems

The EU’s unquestionable and clear support for Ukraine was underlined  by the president of the European People’s Party, Manfred Weber, in an interview with Naftemporiki. More specifically, he said “that…

Gikas proposes partnership between Greek and Chinese forces

“Greece and China are major powers in global shipping and should cooperate in all areas to successfully address the challenges.” Deputy Minister of Shipping Stefanos Gikas, who participated as a…

Stylianidis: 25 million euros for the establishment of Maritime Cluster

The creation of the “Maritime Cluster”, in Piraeus, in collaboration with the Ministry of National Economy and Finance, was announced by the Minister of Maritime Affairs and Insular Policy, Christos…

Coffee Island exports to 13 countries and 4 continents

Coffee Island coffee chain exports to 13 countries and 4 continents, its CEO, Konstantinos Konstantinopoulos, said in an interview with Naftemporiki TV. “We have managed to build a network of…

Enaon (Italgas Group): Investments of 1 billion euros by 2030 to support Greece’s green transition

Italgas has planned investments of 1 billion euros in Greece as part of the Group’s 2024-2030 Strategic Plan. This investment program will be implemented by its subsidiary, Enaon, focusing on…

OTE Group: Electric vehicle penetration to exceed 90% by 2028

OTE Group is moving forward with the creation of a strong fleet of electric vehicles, through the gradual replacement of conventional vehicles with new, purely electric ones. The fleet transformation…

Wednesday, 04 December 2024

PPC-DAMAC create new data center in Spata; an investment of 150 million euros

The establishment of Data In Scale, a joint venture (DAMAC 55%-PPC 45%) for the development of a state-of-the-art data center in Spata, was announced by EDGNEX Data Centers of DAMAC…

Greece wins “Best Tourism Destination” award at GT Reader Survey

Greece has been named the “Best Tourism Destination” internationally for the fourth consecutive year at the Global Traveler’s GT Tested Reader Survey awards. This is Greece’s sixth distinction this year…

OECD on Greece: 2.2% growth and higher incomes in 2025

The Organization for Economic Cooperation and Development (OECD) predicts a growth rate of more than 2% by 2026 for Greece. However, it also pointed out a series of challenges. In…

Spending on Research and Development at 1.49% of GDP in 2023

The R&D expenditure index in Greece stood at 1.49% of GDP in 2023, compared to 1.48% in 2022, placing our country in 14th place among EU27 countries, according to data…

The manager behind the largest IPO of the last seven years

Yiannis Paraschis, CEO of Athens International Airport (AIA), is the person behind the largest IPO not only of 2024 but also of the last several years (3rd largest since 2000).…

Hatzidakis in Parliament: We reduced taxes, increased revenues

The government’s tax policy was outlined by the Minister of National Economy and Finance, Kostis Hatzidakis, during his speech to the Plenary of the Parliament on the tax bill. “The…

Transfer of oil from tanker “Sounion” to “Delta Blue” concluded

The transfer of oil from the Greek-owned tanker “Sounion” to the tanker “Delta Blue” at the Suez anchorage was successfully completed. According to sources from the Ministry of Maritime Affairs…

German-Greek Chamber of Industry and Commerce: Business mission-opening to Latin America

The business mission to national markets in Latin America was concluded with encouraging messages for possible new export agreements in the immediate future. The mission was organized by the German-Greek…

The undisputed stock market winner of 2024 

Titan Cement’s Dimitris Papalexopoulos is the undisputed stock market winner of 2024, as his company’s capitalization reached 3 billion euros on the Athens stock exchange (11th largest), and its share…

Banking index rises after Mitsotakis rules out extraordinary tax

The banking index on the Athens Stock Exchange has recovered some of the lost ground following the denial of the rumor about the imposition of extraordinary taxation. More specifically, the…

Praktiker Hellas: Turnover up 5.5%; investments of 4.6 million in 2023

Praktiker Hellas’ performance showed a notable improvement in 2023. According to the announcement, turnover amounted to 187.5 million euros, showing an increase of 5.5% compared to the previous turnover. Earnings…

Tuesday, 03 December 2024

1.66-billion-euro revenue from the imposition of tax … on taxes

The State expects to collect VAT revenues of 1.66 billion euros in 2025 from Special Consumption Taxes, according to a “N” survey based on budget forecasts. An important amount of…

Marinakis to “Naftemporiki” TV on bank commissions

Prime Minister Kyriakos Mitsotakis said “no” to the main opposition PASOK’s proposal for an emergency tax on bank profits for three reasons, government spokesman Pavlos Marinakis, said speaking on Naftemporiki…