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Friday, 21 March 2025

Eldorado Gold interested in new investments in Greece

Canadian Eldorado Gold is interested in new investments in the mining sector in Greece, according to the president of Hellas Gold (a subsidiary of Eldorado), Christos Balaskas. Eldorado Gold’s interest…

Tuesday, 18 March 2025

IPTO: Request for inclusion of the new Greece-Italy interconnection in Projects of Common and Mutual Interest of the EU

The Independent Power Transmission Operator (IPTO) and the Transmission System Operator of Italy (Terna) are jointly submitting a request for the inclusion of the new electricity interconnection between Greece and…

Metlen establishes defense hub in Volos

Metlen is expanding the Volos industrial complex and is establishing an important defense hub in Greece. Specifically, METLEN signed a preliminary agreement to purchase a 19-stremmas property within the 1st…

PPC: New photovoltaic plant in Bulgaria

PPC Group is expanding dynamically in the Bulgarian Renewable Energy Market, following the launch of the construction of a new photovoltaic plant with batteries, with a total installed capacity of…

Ports: 5.6% increase in passenger traffic in the third quarter of 2024

The total passenger traffic in Greek ports increased by 5.6% in the third quarter of 2024 compared to the third quarter of 2023, while an increase of 2.6% was observed…

Hatzitheodosiou to “N”: In Greece, over 65% are indirect taxes

“In Europe, there are 50% direct taxes and 50% indirect taxes, while in Greece over 65% are indirect taxes,” Giannis Hatzitheodosiou, President of the Athens Chamber of Tradesmen, said in…

Beauty products fill the digital basket: Online shopping for cosmetics is gaining ground

The digital channel in the cosmetics sector is on the rise, recording positive performance, especially among the younger Greek consumers. The transition to online shopping is clear, showing the strong…

Cybersecurity threats on the rise-Security gaps in shipping

Cybersecurity threats are increasing rapidly at all levels and the shipping industry could not be an exception to the new scourge of the times. Against the backdrop of the malicious…

Tzitzikostas from Rotterdam: Cruises are the main driving force of the European economy

ΕU Commissioner for Sustainable Transport and Tourism, Apostolos Tzitzikostas, paid an official visit to the port of Rotterdam. Tzitzikostas was also the keynote speaker at the European Cruise Summit in…

George Stefanopoulos to “N”: Additional institutional steps are needed in mobile telephony

Further institutional steps by the State to reduce the cost of investments by telecommunications providers and completely abolish the special fee on pay-TV and mobile are considered necessary by the…

Tourism on track for a new record this year with a 7% increase

Greek tourism is expected to be on an upward trajectory this year, according to pre-bookings, reservations and hotel industry estimates. However, there is significant regional variation, with difficulties for some…

Monday, 17 March 2025

Mitsotakis: Tackling tax evasion brings public investments and tax cuts

The additional, permanent revenue resulting from tackling tax evasion will return to the economy either through increased public investment or through tax cuts, Prime Minister Kyriakos Mitsotakis said during his…

Papastavrou from Brussels: Low energy prices is the primary goal

The Minister of Environment and Energy, Stavros Papastavrou, is in Brussels, where there is a meeting of the Council of Energy Ministers. “The primary goal is low energy prices,” he…

Stock Market: Profit taking after Moody’s support and the record of… 169 months 

Profit taking operations dominate the Athens stock exchange on Monday, following the recent gains. Although many analysts feared that March would be difficult on the on Athens stock exchange, the…

EU Foreign Ministers meet in Brussels; Gerapetritis: Cyprus can no longer be divided 

The European Union’s foreign ministers are meeting in Brussels on Monday, with the war in Ukraine and the crisis in the Middle East dominating the agenda. The discussions will also…

Newly appointed deputy minister Doxiadis resigns

Newly appointed Deputy Minister of Development Aristos Doxiadis announced his resignation, which was accepted by Prime Minister Kyriakos Mitsotakis. His replacement will be announced in the coming days. “The immoral…

Pyxis Tankers Inc.: Profit despite market “storms” in 2024

The CEO of Pyxis Tankers Inc., Valentios Valentis, expressed cautious optimism about the course of the oil and dry bulk transportation market. On the occasion of the announcement of the…

Critical months for the economy and changes in taxation

Two days after the government reshuffle, Prime Minister Kyriakos Mitsotakis is visiting the Ministry of National Economy and Finance. Amidst increased uncertainty, due to economic and geopolitical developments, the economy…

Kikilias: The priorities of the Maritime Affairs Ministry-Emphasis on the safety of citizens

The priorities of the Ministry of Maritime Affairs and Insular Policy, with emphasis on the issue of citizen safety, were underlined by the new Minister Vasilis Kikilias, during the handover…

Tsakos Energy Navigation signed agreement for 9 shuttle tankers

An agreement has reportedly been signed between Tsakos Energy Navigation, owned by Dr. Nikos Tsakos, and Samsung Shipyards in South Korea, for the construction of nine DP2 Suezmax Shuttle Tankers.…

Hatzidakis: Primary surplus of 3.5% in 2024

The 2024 primary surplus will reach 3.5% of GDP (against a target of 2.5%), while the total surplus will amount to 0.2% of GDP, compared to a forecast for a…

The “golden” 10 on the Stock Market – Returns of up to +10% in five sessions

The Athens Stock Exchange achieved another profitable week (11th in the last 12), with the General Index climbing to 14-year highs once again and bridging the gap from the 1,700-point…

Saturday, 15 March 2025

Moody’s upgraded Greek economy to investment grade

Moody’s Ratings upgraded Greece’s rating to Baa3 from Ba1. According to the rating agency, the upgrade reflects its view that Greece’s sovereign credit profile now has greater resilience to potential…

Friday, 14 March 2025

METKA: Significant increase in 2024

Metlen’s construction subsidiary, Metka, achieved a significant increase in 2024, while its backlog of projects, estimated at 1.4 billion euros, supports the estimates that the same positive performance will continue …

Telecommunications: OTE’s strategic priorities for 2025

Kostas Nebis made his mark as head of OTE at the first annual meeting of the management team that he organized under the title “Connecting the Dots”, last Friday. Approximately…

Alpha Bank: Difficult equation for innovation, economic growth and defense spending

The Alpha Bank research department focuses on the difficult equation of Europe’s new common defense architecture in relation to the budget, economic growth and innovation of its member states. According…

Greek PM announces cabinet reshuffle; opportunities to new persons

Government spokesperson Pavlos Marinakis announced the new composition of the government on Friday. According to government sources, the government reshuffle is characterized by “renewal and opportunities for new deputies.” The…

Knock-on effects in the insurance industry

A series of changes in the insurance market – of a structural nature, in which at least three large companies in the sector and probably one even smaller one will…

Maragevias on “N” TV: Tariffs cause recession, inflation and the breakdown of the unity that existed in the West

“Initially we thought that US President Donald Trump was using the tariffs to achieve some other things, but it seems that the tariffs exist and will remain,” Professor of Political…

Shipping: Four ‘thorns’ in the dry cargo market

Geopolitical tensions, tariffs, new environmental requirements and supply and demand determinants are potential “reefs” for the dry bulk market, according to the annual report of the listed Safe Bulkers. The…