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Tuesday, 30 January 2024

Kotsovolos: Turnover rises to 735 million euros

The decision of the Competition Commission on the acquisition of Kotsovolos by PPC is expected in mid-February, according to information, so that the agreement passes to the next stage of…

Good omens for Greek tourism in 2024

The omens are good for Greek tourism this year, with the British market playing a key role. However, moderate optimism is also expressed over the prospects of the German market.…

Greece to tap markets with 10-year bond

Greece is expected to tap the market with the issue of a new 10-year bond. The Public Debt Management Agency (PDMA) has mandated Alpha Bank, Barclays, Citi, Commerzbank, Nomura and…

Hatzidakis: Business mergers are necessary

A new law on business mergers and innovation support will be introduced by the government in 2024, according to Minister of National Economy, Kostis Hatzidakis. Tax incentives and subsidies through…

The cost of shipbuilding seen falling

After several years of continuous increase in the cost of building ships, a new analysis shows that the time has come for prices to correct. “Although the outlook for 2024…

Monday, 29 January 2024

Germanos: It enters the market of household appliances

Consumers will now find a wide range of small household appliances, from leading market brands and at affordable prices, in Germanos stores. In the company’s 250 stores throughout Greece, but…

OPAP Forward: Opening 2,847 new direct jobs

OPAP Forward program is preparing to welcome new small and medium-sized enterprises (SMEs), which will offer the necessary resources to improve their financial performance and increase their human resources, in…

Air Arabia: Direct Athens-Sharjah connection, four times a week

Air Arabia, the first and largest low-cost airline in the Middle East and North Africa, will launch direct flights to Athens as of June 28. More specifically, the company will…

SEV: How do Greek businesses see the future?

Moderate optimism among Greek businesses was recorded in the annual survey held by the Hellenic Federation of Enterprises (SEV), with market representatives asking for the acceleration of reforms in order…

Eurobank: The disbursement of the 6th tranche of the Recovery Fund approved

Eurobank is the first systemic bank to receive approval from the Finance Ministry for the disbursement of the sixth (6th) tranche of the Recovery & Resilience Facility (RRF), amounting to…

Gerovasilliou Estate: 12.1 million turnover in 2023 – Exports up 12% 

In 2023, the Gerovasilliou Estate recorded an increase in sales, and especially its exports, while new investments of over 3.6 million euros are underway. The Estate’s turnover, as the head…

Masselos to “N”: Rapid price reduction in mobile and fixed telephony

The penetration of optical fiber networks to homes and businesses (FTTH) dominated the interview of the president of the Hellenic Telecommunications and Posts Commission (EETT), Konstantinos Masselos, to “Naftemporiki”. Among…

Greek businesses’ adaptation to ESG specifications

Sustainability and responsibility towards the environment and society have enhanced the importance of Social, Environmental and Governance Issues (ESG) in the business world. ESG is a framework that requires businesses…

Competition for a place in the shipyards is getting tougher

The shipowners are fighting hard for the last available places to deliver ships from the shipyards of China and South Korea. The slots in the two countries for 2026 are…

PPC: Energy corridor in south-eastern Europe with acquisitions in Romania-Bulgaria

PPC’s development prospects as presented by its president George Stassis to analysts in London focus on the energy market of Southeast Europe, mainly on acquisitions in Romania, Bulgaria (under consideration)…

Friday, 26 January 2024

Seaplanes: Ready to fly in the Ionian Sea in spring or early summer

After many years of efforts and a lot of obstacles, the first seaplane test flight was conducted, the president and CEO of Hellenic Seaplanes, Nikos Charalambous, said on “Naftemporiki” TV.…

The “hell” of the Red Sea; guidelines to Greek-owned ships

Tension is escalating dangerously in the Red Sea following US strikes in Yemen and threats of new attacks by the Houthis, with several tanker companies now avoiding the area for…

Mytilineos: Top priority the acquisition of investment grade

The roadmap for the continuation of the dynamic course of MYTILINEOS, which will ensure the consolidation of its profitability at levels above 1 billion euros in the following years, was…

Jamie Dixon (JP Morgan) congratulates Greece on its economic course

JP Morgan CEO, Jamie Dimon, congratulated Greece on the course of its economy in a video conference call with Prime Minister Kyriakos Mitsotakis as part of an investment roadshow in…

The “battle” of capitalizations: Up to 9 Greek companies in the “club” of 5 billion euros

Changes in the informal “race” of the most valuable companies on the Athens Stock Exchange have been recorded recently, overturning balances that had been consolidated throughout the last few years,…

Mitsubishi Electric Europe: Strategy to strengthen its brand in Greece

Mitsubishi Electric Europe is proceeding with its strategy aimed at strengthening its brand in the Greek market. The company inaugurated its first branch in Greece, specifically, in Athens with the…

Papoutsanis presents its goals and strategy

The launch of branded products, sustainability, innovation, and healthy economic development are the main pillars of Papoutsanis’ strategy. As the management emphasized during the company’s presentation to the Hellenic Investors…

What did foreign investors ask Greek banks in New York?

Although Prime Minister Kyriakos Mitsotakis could not attend the JP Morgan conference in New York and participated online, lowering the expectations, investors showed a strong interest in businesses and Greek…

GEK Terna submits highest offer for the construction and operation of BOAK

GEK Terna Group has submitted the highest offer for the construction and operation of Crete’s new motorway Chania-Heraklion section (BOAK), with a budget of 1.8 billion euros. This is the…

Eurobank: Among the world’s top banks for its ESG practices

Eurobank achieved the international ESG Regional Top-Rated distinction for the second consecutive year and has been included in the Morningstar Sustainalytics’ 2024 Top-Rated ESG Companies List, compiled by Morningstar Sustainalytics.…

Thursday, 25 January 2024

Freight rate explosion: The fastest increase in transport costs

Shipping costs for sea containers have skyrocketed over the last weeks in the wake of the Red Sea crisis. High freight rates and supply chain disruptions from container ship re-routings…

Prodea: 254-million-euro deal for 55% of Mediterranean Hospitality Venture

Prodea Real Estate Investment Company announced the acquisition of a 55% stake in Mediterranean Hospitality Venture PLC from the Cypriot group of companies Yoda Plc. The total consideration for the …

Mytilineos: Record profits in 2023; EBITDA ‘jump’ 23%

Mytilineos recorded a record year in terms of profitability in 2023, with EBITDA surpassing 1 billion euros for the first time and net profit totaling more than 600 million euros.…

Budget: Primary surplus of 3.9 billion euros in 2023

The state budget primary balance on a modified cash basis amounted to a surplus of 3,920 million euros in 2023 versus a primary deficit target of 851 million euros and…

Greece launches Athens International Airport IPO; price range set at 7.0 to 8.2 euros

Greece will launch an initial public offering (IPO) for a 30% stake in Athens International Airport on Thursday, one of the largest listings in the history of the Athens Stock…