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Friday, 15 March 2024

Recovery Fund: Greece’s milestones in order to receive 3.3 billion euros

The Ministry of National Economy and Finance has been racing in order to meet the pending milestones and to proceed with the submission of the 4th installment payment request totaling…

Eurobank: Cyprus as a base for business development in new dynamic markets

The CEO of Eurobank, Fokion Karavias, and the management of Eurobank spoke about the importance of the Cyprus market, during meetings with representatives of the Cypriot press at its headquarters…

Sarantis: Five-year plan sees double EBITDA to 120 million euros

Sarantis group is advancing the implementation of the 5-year investment plan amounting to 81 million euros, with the aim of strengthening its factory units, focusing and developing its self-produced products…

Netcompany-Intrasoft: Leading role in EU Digital Wallet

Netcompany-Intrasoft, which holds a leading position in the consortium that has undertaken the implementation of the EU Digital Wallet project, will “run” the program mainly in Greece. On February 29,…

PPC FiberGrid: Optical fiber to 1.7 million households and businesses by 2025

PPC FiberGrid proceeds with its plan for the nationwide fiber optic network that will reach 1.7 million households and businesses by 2025. The program has already reached 140,000 homes in…

Ports: Total passenger traffic in Greek ports up 2.6%

The total passenger traffic in Greek ports rose 2.6% in the third quarter of 2023 compared to the third quarter of 2022, according to the Hellenic Statistical Authority (ELSTAT). At…

Elliniko – Second tower: Lamda collaborates with Brook Lane

The Lamda Development – Brook Lane (London-based investment capital) partnership for the development of the second tower in Elliniko goes forward. Ellinikon Hospitality Investments, a Lamda company, and Bincer Holdings,…

OPAP: Dynamic commercial plan and emphasis on the terrestrial and online network

2023 was overall a particularly successful year for OPAP, as the company strengthened its brand, offered innovative entertainment proposals to its customers and proceeded to reposition its traditional games, as…

ONEX-Attica: The signature for the first newbuild after 17 years at the end of May

The Elefsis shipyards will start operating as of May, while at the same time they are claiming the contract for the reconstruction of the four frigates MEKO of the Hellenic…

DBRS: Greek banks’ outlook remains positive

The prospects of the four systemic banks are described as positive in the new DBRS report on the Greek financial system, under the title “Greek Banks: Robust Performance in 2023…

Mytilineos: Brokers raise target-price amid positive prospects

Pantelakis raised the target price of MYTILINEOS’ share to 46 euros (from 41 euros) due to the company’s “strong organic progress”, maintaining the recommendation “overweight.” This move follows the decision…

Thursday, 14 March 2024

Intralot signs agreement with FanDuel to provide sports betting services to Washington D.C. Lottery

Intralot announced that it has signed a sub-contracting agreement with FanDuel, one of the leading providers of sports betting services in the US, and a related contract amendment with Washington,…

NielsenIQ: Supermarkets report double-digit growth on Greek islands

While the major urban centres in Athens and Thessaloniki accounted for more than 50% of sales volume and turnover, regional areas continued to show the strongest growth, amounting to double…

Stournaras: ECB must cut interest rate twice before summer break

ECB must cut rates twice before summer break, Bank of Greece (BoG) Yannis Stournaras said in an interview with Bloomberg. The European Central Bank must lower borrowing costs twice before…

Public: Investment of 10 million euros to expand the Public + home network

The goal is to create 10 new large “Public + home” stores within the next three years. The plan includes a complete renovation of 3 Public stores and their upgrade…

KEPE: The inflation of “banking greed”

Greece’s four systemic banks (National Bank, Piraeus Bank, Eurobank and Alpha Bank) have recorded an excessive accumulation of profits over the last two years, which “can be called inflation of…

Greece’s flour industry on a growth track

Greece’s flour industry is moving on an upward trajectory, according to ICAP CRIF forecasts presented by “Naftemporiki.” More specifically, the sector is expected to register an average annual growth rate…

Trade Estate: 4 new investments of 200 million euros

Trade Estate’s four investments with a budget of 200 million euros are maturing, while another two are under development, so that the value of its real estate portfolio will reach…

Sarantis: Stella Pack acquisition and the group’s product portfolio a strategic advantage

Sarantis Group focused on the acquisition of Stella Pack in Poland, one of the largest investment moves of the last years, as well as on the geographical distribution of the…

Wednesday, 13 March 2024

Greece’s four systemic banks to distribute dividends of 846 million euros

Greece’s four systemic banks are expected to distribute dividends of 846 million euros to their shareholders provided that the SSM will approve their plans. Some of them will also proceed…

Titan: Record earnings and sales in 2023

The US and European markets contributed more than 90% to Titan Group’s sales and profitability, as shown in 2023 and fourth-quarter results. Titan announced record sales for a third consecutive…

EU funds for Greek shipping sector

Greece holds discussions in order to raise funds, which will be used for the green transition of the coastal shipping fleet, Shipping and Island Policy Minister Christos Stylianidis said, adding…

Olympic Brewery continues its strategy focused on three pillars

Olympic Brewery maintains the strategy that focuses on three main points: growth in the cold market, strengthening of its portfolio as well as its leadership position in alcohol-free beers. The…

The promising future of the Greek cruise sector

The European Cruise Week started in Genoa, Italy, on March 11 and will last until March 14, with the participation of many Greek companies. According to the Hellenic Ports Association,…

Hatzidakis: Economic development as a tool to enhance social policy

Finance Minister Kostis Hatzidakis underlined that economic development and social cohesion are complementary goals on the sidelines of the Eurogroup and ECOFIN meetings, in Brussels, explaining that “the stronger and…

Aegean airlines to propose 0.75 euro dividend distribution

Aegean Airlines announced consolidated revenue of 1.69 billion euros in 2023, up 27% compared to 2022. In 2023, the Group offered 18,9 million seats, 3 million seats more than 2022…

Tuesday, 12 March 2024

Kri Kri “sees” a double-digit increase in its 2024 sales

The dairy industry Kri Kri “sees” a double-digit increase in its sales for 2024. According to its president and CEO, Panagiotis Tsinavos, a sales increase of 15% in volume and…

Georgakopoulos (Intrum): We are committed to providing high-level technology-based services

“We are committed to providing high-level technology-based services, with an emphasis on two areas: the use of Artificial Intelligence (AI) for digital collections and ‘participation’ in the customer’s activity from…

OTE examines spin-off of its activities related to the passive infrastructure

The Hellenic Telecommunications Organization (OTE) announced that, in the effort to increase and strengthen its overall value and dynamics, and following the successful spin-offs of the Customer Service, Shops and…

ManpowerGroup Survey: The industry with the strongest prospects

Greece’s hiring expectations seem moderate in the second quarter of 2024, with the overall employment outlook at 6%, according to ManpowerGroup’s latest employment survey. Based on the survey, the hiring…

Mylonas (NBG): A dividend of 25%-30% under consideration

The CEO of National Bank of Greece (NBG), Pavlos Mylonas, spoke about a dividend of 25%-30% during the presentation of the 2023 results. Mylonas explained that after the approval for…

G.S.C.C.: 50% increase in new orders

The Greek-owned fleet is steadily growing. According to the annual report of the Greek Shipping Cooperation Committee (G.S.C.C.), prepared by S&P Global Market Intelligence, the Greek-controlled fleet increased in terms…

Microsoft and GEK Terna join forces for the construction of first data center in Spata

The construction of Microsoft’s first data center in Spata, with a capacity of 19.2 MW, will begin in April. According to sources, the US giant has chosen GEK Terna as…

Beverage World: Higher revenue, larger market share in 2023

Beverage World recorded an increase in revenue in 2023 as well as an expansion of its market share dynamics. Maintaining the strategy of its “all around the clock” portfolio, the…

IPTO accelerates implementation of equipment renewal program

The Independent Electricity Transmission Operator (IPTO) has accelerated the implementation of the equipment renewal program in the context of the second cycle that ends in 2026, with a total budget…

Attica Bank Economic Review: Expectations for higher investments in 2024

International economic activity shows signs of stabilization following the turmoil caused in the last two years by the outbreaks of war in Ukraine and the Middle East, the energy cost…

Sarantis: Strong sales, higher dividend in 2023

Sarantis announced strong sales, a significant rise in profitability and an increased dividend for 2023. More specifically, sales in 2023 amounted to 482.2 million euros compared with 445.1 million euros …

Monday, 11 March 2024

Shipping: 3.7 trillion euros until 2050 for transition to zero-pollution era

Semiramis Paliou, CEO of Diana Shipping and president of HELMEPA, revealed the huge costs for shipping’s transition to the zero-pollution era. More specifically, Paliou said at the shipping conference of…

INTRAKAT developing into a leading market player

The Intrakat Group is a leading construction group with a broad portfolio of activities and a significant footprint in the wider South East Europe region. Committed to sustainable development, the…

Digital transformation changing HELLENiQ ENERGY’s operating model

The leading Greek energy company HELLENiQ ENERGY has been implementing an ambitious digital transformation program for the last 3 years, which is part of the implementation of its strategic planning…

Dimand: 2024 a milestone year

2024 is a milestone year for Dimand’s course. It is expected to conclude and deliver five projects, totaling around 100 thousand sq.m. and will start four new ones with a…

Artificial Intelligence for the restructuring of loans / NPL

Artificial intelligence (AI) is emerging as a critical tool for dealing with non-performing loans (NPLs), opening new horizons in loan management and restructuring. This is how AI can help restructure…

Greek shipowners placing twice as many orders as the competition

Greek shipowners have lately significantly accelerated their new shipbuilding programs. More specifically, from the end of February 2023 to the end of February 2024 they have placed orders for 205…

Viohalco: Business flexibility amid uncertainty in 2024

Viohalco Group focused on its flexible business model and diversified portfolio during a recent presentation. Analyzing the group’s performance in the industrial sector and the real estate sector, it was…

Dendias to “Naftemporiki”: Focus on the development of defense technology programs

Greece must proceed with the development of its own defense technology programs, which will contribute to the development of the country, Minister of National Defense, Nikos Dendias, said in an…

Friday, 08 March 2024

Safe Bulkers: Constant renewal of its fleet

Safe Bulkers continues its fleet renewal program, completing the sale of two of its older vessels. Specifically, the company listed on the US stock exchange announced the sale of the…

ELVIAL: New investments of 16 million euros and expansion to the US and Canadian markets

The ELVIAL aluminum industry is implementing a new and double investment program, totaling 16 million euros, for the next four years. The company is also expanding into the North American…

Naftemporiki: A leading newspaper for 100 years

“Naftemporiki” sets sail for the second century of its history, as today celebrates its 100-year anniversary since it was first published on March 8, 1924. Just two years after the…

Closing the gender pension gap: investing for lifetime goals

A comfortable retirement is a key concern for women globally, with more women than men worried about having enough assets for retirement. For example, 53% of women aged 61 to…

IPTO: Speeding up Great Sea Interconnector

Independent Power Transmission Operator (IPTO) had contacts with officials of the government of Cyprus and Israel, aiming to speed up the implementation processes of the electrical interconnection Greece – Cyprus…