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Friday, 15 December 2023

EBRD: 15-million-euro investment in Ideal Holdings through bond issue

The European Bank for Reconstruction and Development (EBRD) announced its participation in Ideal’s bond. More specifically, the European Bank for Reconstruction and Development invested 15 million euros in the bond…

Threads platform available in Greece

The Threads platform, Meta’s short messaging service and a major rival of X (formerly twitter), is available in Europe, including Greece. The Threads app was launched last July and is…

Adecco: Easier reintegration into labor market but low wages

Brain drain is limited while reintegration into the labor market becomes easier, according to the conclusions of the annual survey “Employability in Greece” carried out by Adecco Greece for the…

Diamonds of the Greek Economy: The leading Greek companies for 2023 awarded

Naftemporiki awarded the leading Greek companies for 2023 in a special event held at Grande Bretagne hotel. These are companies that kept their “promises” to shareholders, the market and society…

Thursday, 14 December 2023

New financial tools to support microchip industry

Development Minister Kostas Skrekas announced, during the 3rd Forum of the Hellenic Emerging Technologies Industry Association (HETiA), the development of financial tools as well as the necessary legal framework to…

EXA Infrastructure and Grid Telecom join forces enhancing digital connectivity across South Eastern Europe

EXA Infrastructure, the largest dedicated digital infrastructure platform connecting Europe and North America, and Grid Telecom, a wholly owned subsidiary, and the telecommunications vehicle of IPTO-Independent Power Transmission Operator of…

Greece is the ‘Silicon Valley of Shipping’

Dr. Nikos Tsakos, founder and CEO of Tsakos Energy Navigation, spoke on the US financial channel Schwab Network about the potential of Greek shipping and how maritime transport will be…

Naftemporiki to award the leading Greek companies – Diamonds of the Greek Economy

Naftemporiki will award the leading Greek companies, the “diamonds” of the Greek economy, which support the country with investments and jobs. The Diamonds of the Greek Economy business excellence awards…

POS system becomes necessary for more businesses and professionals

More businesses and professionals will be obliged to install POS terminals as of the new year. The relevant Joint Ministerial Decision is expected to be issued on Thursday and will…

Mitsotakis participates in European Council meeting; Greece’s ‘red lines’

A crucial meeting of the European Council begins on Thursday in Brussels with important issues on the table. One of the main issues that concern European leaders is the debate…

ACCI considering the creation of a microcredit institution

The main goal of the Athens Chamber of Commerce and Industry (ACCI) for the new year is the creation of a microcredit institution that will cover the enterprises’ liquidity needs,…

Digital Realty: Aiming to render Greece a storage and data transfer hub in the SE Mediterranean

Digital Realty, the largest data center company in the world with over 300 data centers on all continents, is proceeding with the implementation of a large investment plan for the…

PPA: Electrification of marine vessels in the Port of Piraeus

A conference on “Electrification of Ships in the Port of Piraeus – Prospects and Challenges” was organized by the Piraeus Port Authority (PPA). It was carried out in the framework…

Wednesday, 13 December 2023

15-billion-euro non-performing loans in the primary market

The new bill in the market of servicers is expected to trigger a series of developments. The Greek market is reportedly one of those markets in Europe with the strongest…

The most popular activities of Greeks on the internet

Many opportunities for the use of the Internet are observed in the Greek market, according to ELSTAT’s data from the survey on the use of information and communication technologies (ICT)…

Two factors supporting high fares of bulk carriers

Profits in the bulk dry cargo market are expected to remain at satisfactory levels in the near future, since, according to freight brokers, the daily rates of bulk carriers remain…

Elinoil: Financial results rekindled investors’ interest

Elinoil’s share on the Athens Stock Exchange shows a significant rise, following the exceptional financial figures of the third quarter “rekindling” the investors’ interest in the company. The share of…

Emerging technologies ecosystem flourishes

“Greece has a flourishing ecosystem of emerging technologies as there are many Greek companies that produce high technology. Moreover, Greece has many start-up companies while very successful acquisitions have been…

Athenian Brewery: 65+20 million euro investments for the next three years

The Athenian Brewery’s investment plan for the period 2024-2026 is estimated at 85-90 million euros, of which 65 million euros concern purely productive investments, while an amount of 25-30 million…

AVAX Group: Flagship projects to attract further investments

AVAX Group  participated in the 25th Annual Capital Link Investment Conference “Accelerating Investments for Sustainable Growth.” The Group’s president, Christos Ioannou, outlined the progress made, the planning and implementation of…

Mytilineos consortium awarded £1bn contract for UK’s first high-capacity East Coast subsea link

Mytilineos and GE Vernova announced that they have been awarded a 1 billion British pound contract by National Grid Electricity Transmission by and SP Transmission, part of SP Energy Networks …

Pret A Manger: Expanding in Greece with the opening of first store in Thessaloniki

Pret A Manger, Fraport Greece and SSP, a leading company of food and beverage outlets in travel destinations, announced the expansion of Pret stores to Greece. The first store with…

Climate stress tests highlight challenges for banks

The supervisory authorities are trying to stress the importance of climate to the banks, bringing the relevant compliance goals earlier than originally planned. The climate stress tests have already begun…

Tuesday, 12 December 2023

Prodea raises its stake in MHV

The signing of the contract for the acquisition of shares representing a percentage of 55% in the company Mediterranean Hospitality Venture PLC (MHV)  from the company of the “YODA Group”…

Alumil: Investments of 54 million euros in the next four years

Alumil Group’s investment program for the next four years amounts to 54 million euros, with co-financing from the Recovery Fund. The president of the Group, Giorgos Mylonas, said during a…

Sarantis Group: Ratification of the deal with Stella Pack

Sarantis Group said in an announcement on Tuesday that the acquisition of the Polish company of consumer products for household use under the brand name STELLA PACK S.A. from the…

Star Bulk absorbs Eagle Bulk creating a global giant in bulk carriers

Star Bulk and Eagle Bulk announced their merger creating a global leader in dry bulk. Petros Pappas’ Star Bulk Carriers, which owns one of the largest fleets of bulk carriers…

Goldair: Year of challenges and maintaining its leadership position

2023 was a year of development and not only challenges for the Goldair Group, its president Kallinikos Kallinikos said at an event on Monday. “We say goodbye to another year…

Information Society: Ε-projects of 15.4 million euros concluded in the public sector 

The Information Society announced the completion of five projects of the Operational Program “Public Sector Reform”, with a total budget of 15.4 million euros (including VAT). Some of them, such…

All enterprises use the Internet, but only 20% receive online orders

Enterprises having access to the internet rose 9.2%, according to the Hellenic Statistical Authority (ELSTAT). In 2023, out of a total of 42,451 enterprises employing 10 persons or more, 41,848…