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Monday, 04 December 2023

Minion: The rebirth of an iconic landmark

Omonia square and the surrounding area are about to undergo a huge restoration project, in an attempt to regain its lost glory, leaving behind the image of degradation. A decisive…

Friday, 01 December 2023

Greece re-elected to the International Maritime Organization (IMO) for 2024-2025

Greece was re-elected in the first position of the Council under Category “A” of the International Maritime Organization (IMO) for 2024-2025. Category “A” includes countries with the largest interest in…

High prices in supermarkets to be maintained in 2024, analysts say

Market analysts estimate that high prices in supermarkets will be maintained in 2024, seeing the average price increase at 4.5% for the next year. However, prices are expected to start…

Mytilineos to EU Commission: Immediate need to adopt the Green Pool

European Commission President Ursula von der Leyen met with Vice-President Maros Šefković and representatives of the energy sector to discuss issues of energy-intensive industry, from electricity prices and over-regulation to…

Single-digit unemployment rate after 14 years

The Hellenic Statistical Authority (ELSTAT) recorded a single-digit unemployment rate (9.6%) in October, for the first time after 14 years, despite the fact that the employed are fewer by almost…

Heracles cement: 600 million investments in 2024-2027

The Heracles cement industry, a member of the Holcim group, plans investments of 600 million for the next four years 2024-2027, significantly increased compared to the period 2019-2023 which was…

Awaiting Fitch potential upgrade

Although 2023 is a year with several problems and geopolitical risks, it could not be characterized as negative for the Greek economy. One of the factors that played a decisive…

Countdown to sailings with ETS

The shipping sector is expected to be included into the European Union’s Emissions Trading system on January 1, 2024. However, preparations in the member states and negotiations for last-minute changes…

2023 Black Friday: Retail sales stagnate on reduced purchasing power

The trade and services institute INEMY-ESEE conducted a survey on the performance of stores on Black Friday. It used a random sample of 300 businesses in the sector that carried…

Mitsotakis: The three sectors of artificial intelligence application

Prime Minister Kyriakos Mitsotakis had a discussion with Google Vice President for Engineering & Research, Yossi Matias, in an event marking the 15 years of Google’s presence in Greece. Mitsotakis…

Thursday, 30 November 2023

Shipowners sound the alarm over the renewal of the tanker fleet

Leading names in the domestic and international shipping sector estimated that the renewal of the tanker fleet looks like a difficult task, mainly because of the extremely high costs and…

E-commerce: 2,000 executives wanted

A new digital tool, which connects human resources looking for work and companies active in the technology and e-business sectors, was launched by the Greek e-Commerce Association – GR.EC.A. Careers…

Attica Group and Elefsis shipyards sign agreement

An agreement between the Attica group and the Elefsis shipyards of the Onex group is underway. According to “Naftemporiki” sources, this agreement will concern all the ships of the Attica…

Inflation falls to 3% in November – 7.7% rise in food prices

Greece’s inflation slowed significantly to 3% in November from 3.8% in October. Based on Eurostat’s preliminary data, the harmonized index of consumer prices registered a further decline to 2.4% in…

‘Rebrain Greece’-Georgiadis: Large companies offer 110 highly specialized positions

The Labor and Social Security Ministry’s digital platform “Rebrain Greece”, which is evolving into a modern interface between the supply and demand of highly skilled workers, helps Greek businesses to…

LR class for the first LCO2 carriers ordered at Hyundai Mipo Dockyard

The two medium-sized, low-pressure LCO2 (liquid carbon dioxide) carriers (with ammonia dual-fuel capability) ordered by Capital Gas Ship Management at Hyundai Mipo Dockyard will join the Lloyd’s Register classification. The…

Greek economy: Main challenges and dangers

The geopolitical developments and the war conflicts in Ukraine and the Middle East that could lead to a revival of the energy crisis, but also the uncertainty over the course…

Chatbots instead of tax officials

The chief of the Independent Public Revenue Authority (AADE), George Pitsilis, addressing the economic conference organized by “Naftemporiki”, announced the introduction of artificial intelligence platforms such as chatbots to the…

The conversion of bulk carriers to use green fuels is a complicated issue

The design of ships, and especially dry bulk carriers, presents particular challenges in decarbonizing existing ships, according to the conclusions of a forum organized by Intercargo in Athens. More specifically,…

Kotsovolos expanding in photovoltaics

Kotsovolos is expanding into the energy sector and specifically in the market of Renewable Energy Sources. More specifically, it is undertaking energy projects related to the study and implementation of…

IMO: Stylianidis stresses need to ensure the sustainability of the shipping sector

Minister of Maritime Affairs and Insular Policy, Christos Stylianidis, speaking at the 33rd session of the Assembly of the International Maritime Organization (IMO) stressed the need to ensure the sustainability…

Wednesday, 29 November 2023

‘Naftemporiki’ conference: The challenges for the economy after the upgrades

Greece has recently been upgraded in the fields of investments, exports, environment and the labor market, through the training of employees, research and innovation. These are the main points that…

5-year cruise action plan

The proposed five-year action plan of the International Cruise Association for the development of the sector in Greece focuses on five pillars, with emphasis mainly on the extension of the…

Papastergiou: Reforms and broad changes in digital governance in 2024

“The government continues to do what it knows well; to reform, improve and promote the good image of the country,”  Minister of Digital Governance, Dimitris Papastergiou, said on the sidelines…

High fares offer incentives for investments in LPG carriers

There is intense activity in the LPG carrier market as strong charters motivate shipping companies to invest in modern tonnage. More specifically, Benelux Overseas has reportedly ordered two medium-sized vessels,…

ONEX Group: Added value in the Greek economy can reach 1% of GDP

The full operation of the Elefsis and Syros Shipyards is expected to bring revenues of at least 500 million euros per year to the ONEX Group. As the president and…

Greek banks: Foreign investors “see” success stories

Banks focused on taking advantage of the current conditions and the success story during the second day of the Morgan Stanley conference held in London. It is worth noting that…

EU Commission endorses positive preliminary assessment of Greece’s request for 3.64 bln disbursement

The European Commission endorsed a positive preliminary assessment of Greece’s third payment request of 3.64 billion euros, 1.69 billion euros in grants, and 1.95 billion euros in loans, under the…

The hidden success story on which Greek businesses can build

The fourth and last panel of the Economic and Business Conference organized by ‘Naftemporiki’ was focused on the business environment, as it is formed after the recovery of the investment…

Megalou (Piraeus Bank): Reinforcement of net credit expansion in 2024

Net credit expansion will be strengthened in 2024 thanks to the strong growth rate of the economy and European resources, which are estimated to exceed 60 billion euros by 2027,…