English

Tuesday, 26 Αυγούστου 2025

Building materials: Prices soar 2.9% in July

Prices of building materials continued to climb in July, according to the Hellenic Statistical Authority ELSTAT. More specifically, the Overall Material Costs Index in the Construction (CSTM) of New Residential…

Airline “battles” over the Athens International Airport

Airlines are intensifying competition with new direct flights in a bid to increase their market share on routes from America to Greece. Despite the increasing costs and extended flight times,…

Vehicle shipping market faces uncertainty

Strong activity is being observed in the global vehicle shipping market, with Asia and Europe moving in different directions. According to data for the period April-June 2025, Asia is leading…

Monday, 25 Αυγούστου 2025

Masoutis: On an upward trend in 2025 – Binding agreement for the acquisition of Kritikos in the autumn

Masoutis is expected to sign the binding agreement for the acquisition of Kritikos chain in the fall, according to the latest information from the management of the supermarket chain, and…

Industry representatives to express their demands to prime minister ahead of TIF

A reduction of VAT on food and basic goods, lower energy costs, strengthening of investments by improving the Development Law, and extroversion programs for small and large businesses are the…

Crete-Attica electrical interconnection: Tests completed – On the final stretch for commercial operation

The Crete-Attica electricity interconnection is on the final stretch for commercial operation, following the successful completion of the project’s System Acceptance Tests (SAT) by the Contractor, in collaboration with Ariadne…

TIF relief measures for 4 million taxpayers

A significant reduction in taxes for the incomes of 4 million taxpayers is foreseen by the changes to the tax system, which Prime Minister Kyriakos Mitsotakis is set to announce…

A ‘heated’ September for energy – From RES to tariffs and hydrocarbons

Following the summer break and in the wake of the government’s announcements at the Thessaloniki International Fair (TIF), the political leadership of the Ministry of Environment and Energy is expected…

Traffic on Greek motorways up 4.58%

Traffic on Greek motorways is recording an upward trend. More specifically, traffic on the country’s motorways recorded a total increase of 4.58% in the first seven months of 2025 compared…

Greece-Japan aim to strenghen cooperation in maritime affairs

The strong economic relations and bonds of friendship that unite Greece and Japan were highlighted by the Deputy Minister of Maritime Affairs and Insular Policy, Stefanos Gikas, during the meeting…

Shadow tankers deploy new AIS data manipulation tactics

A worrying new trend in the shipping industry is emerging as tankers in the “shadow fleet” are manipulating their Automatic Identification System (AIS) data, appearing as ships without nationality. According…

Cruise prospects in Thessaloniki remain cloudy

The outlook for the port of Thessaloniki regarding the performance of the cruise sector in 2026 appears cloudy. An executive of “Cosmatos”, which is the agent of Celestyal Cruises’ ships,…

Olympic Yacht Show 2025 set to achieve new attendance record

Preparations for the Olympic Yacht Show 2025, the leading event for the Greek and international yachting community, which will take place in October at Olympic Marine in Lavrio are underway.…

Friday, 22 Αυγούστου 2025

Navios: Contracted revenue of 3.7 billion dollars

Navios Maritime Partners has built very strong financial foundations, reporting revenue of 631 million dollars in the first half of 2025, contracted revenue of 3.7 billion dollars, and a diversified…

Eurobank: Fuel import reduction boosts Greece’s external banks in H1

The reduction in fuel imports and, to a lesser extent, the grants from the Recovery Fund led to an improvement in Greece’s external balance in the first half of 2025,…

Praktiker moves forward under Romanian Paval Holdings

Praktiker Hellas is moving forward into the next day under the Romanian Paval Holdings, the investment group that owns Dedeman, a leading force in the Romanian DIY market and one…

Athens stock exchange keeps wait-and-see stance ahead of Jackson Hole

The Athens Stock Exchange is slightly rising +0.42% at 2,106 points, with banks gaining 0.86%. High capitalization is also moving upwards (+0.44%). Alpha Bank stands out with gains of over…

Jackson Hole – Powell’s pivotal speech could be make-or-break moment for markets

Jerome Powell will speak on Friday at the annual economic symposium in Jackson Hole at a time when US President Donald Trump ramps up his attacks against the Fed chair,…

Korkidis: Turnover drops up to 20% in this year’s sales

Greek consumers preferred to spend their money on vacations this summer, instead of consumer products, Vassilis Korkidis, President of Piraeus Chamber of Commerce and Industry, said in an interview with…

Tourism: South Korea is a target market for Greece

Minister of Tourism Olga Kefalogianni met with the Korean Ambassador to Greece, Mr. Ju-seong LIM, in view of her visit to South Korea, which is a target market according to…

The new framework for crypto-asset service providers in Greece

A decision of the Capital Market Commission stipulates the step-by-step process that cryptocurrency service providers who wish to obtain the relevant license and operate in Greece must follow. This practically…

Arrivals in tourist accommodation establishments on upward trend

Arrivals in tourist accommodation establishments amounted to 5,463,943 and nights spent amounted to 23,664,485 in June 2025, recording an increase of 2.6% and 1.8% respectively compared to the corresponding month…

Thursday, 21 Αυγούστου 2025

Retail sector: Turnover reaches 19.02 billion in Q2

Turnover of retail trade enterprises amounted to 19,020,709 thousand euros in the second quarter of 2025, recording an increase of 2.5% in comparison with 18,561,250 thousand euros in the second…

Ryanair calls for urgent ATC reform after delays in Athens

Ryanair called on the EU Commission to urgently reform Europe’s shambolic ATC system after an ATC equipment failure at Athens’ ATC Centre on Wednesday, August 20 caused unnecessary delay to…

Six suitors advance to next phase of Vouliagmeni Beach tender

The tender process for Vouliagmeni Beach, which is being conducted by the Hellenic Public Properties Co. (HPPC), has advanced in the next phase with the aim of concluding it by…

Containership orderbook climbs to record levels

The containership orderbook has soared to record levels reminiscent of the 2000s, with new orders exceeding 10.4 million TEUs and the orderbook-to-fleet ratio at 31.7%, the highest level since 2010.…

Grounded Greek cargo ship off Crete under monitoring

The Sierra Leone-flagged cargo ship “MN KOSTAS”, which has been partially sunk, with only its bow projecting from the water, remains under enhanced monitoring in the Kyriamadi area of Sitia,…

Greeks’ spending on travel abroad records 20-year high

Greeks spent more than 2.8 billion euros on trips abroad last year, showing an increase of 15%, compared to 2023, according to the data of INSETE (Institute of the Greek…

AADE: Termination of business activity with one click

The governor of the Independent Public Revenue Authority (AADE), George Pitsilis, set out clear rules for taxpayers who proceed with the cessation of activity through a special digital application, without…

ΑTHEX trading volume soars ahead of Euronext developments

Investor interest in  Hellenic Exchanges – Athens Stock Exchange (ATHEX) shares remains strong amid Euronext developments. The average turnover of the last 30 days has exceeded 3.9 million euros, while…