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Thursday, 16 November 2023

HFSF: 22% of National Bank will be sold from 5.30 euros per share and above

The Hellenic Financial Stability Fund (HFSF) decided, due to high demand, to increase the disposal of the National Bank of Greece (NBG) shares. The Fund also announced that it will…

Israel’s ambassador to “Naftemporiki”: We should dismantle Hamas

“Hamas is not fighting for the Palestinians, but it is stabbing the Palestinian people in the back,” Israel’s ambassador to Greece, Noam Katz, said in an interview with ‘Naftemporiki’, 40…

Star Bulk announces net profit of 133.8 million dollars

Star Bulk recorded revenues of 685.8 million dollars from the operation of its fleet in its nine-month period. The US-listed holding company of Petros Pappas reported a net profit of…

The next day of privatizations

The Hellenic Financial Stability Fund (HFSF) has a 18% percentage in National Bank of Greece, about 27% of shares in Piraeus Bank and shares in Attica Bank. The next step…

Greek budget: Primary surplus of 6.084 billion euros in Jan-Oct

Greece’s state budget recorded a primary surplus of 6.084 billion euros in January-October, up from a 1.746 billion surplus target and a primary deficit of 350 million euros in the…

Ministry of Maritime Affairs: Maritime education, green transition and security of the ports among the priorities

Μinister of Maritime Affairs Christos Stylianidis outlined the immediate priorities of the ministry in his speech at the Piraeus Maritime Club. Officials in Brussels, he said, have begun to understand…

Greek tourism: The action plan for its further development – 387 million euro projects

Tοurism Minister Olga Kefalogianni presented the main actions of the National Recovery and Resilience Plan for tourism development. She pointed out that the foundations are being laid and the conditions…

Wednesday, 15 November 2023

Danaos shielded against containership market weakness

Dr John Coustas’ Danaos Corporation is fully shielded against the weak containership market, securing, in fact, new long-term charters, while growing its footprint in the bulk carrier industry. In its…

Thessaloniki Port: The new tender for Pier 6 ensures the interests of the company

The construction of Pier 6 at the port of Thessaloniki, after the re-launch of the tender, is expected to begin in the first half of 2024. The Pier 6 expansion…

COP is bringing one of the company’s two global Hubs to Athens

The development of offshore wind farms in Greece is on an upward track. The management of the Copenhagen Offshore Partners (COP) expressed its intention to participate in such projects during…

EU Commission for Greece: Strong growth until 2025 – Gradual reduction of inflation and debt

The European Commission “sees” Greece’s economic growth remaining high in 2023 and 2024, twice the eurozone average, primary surpluses around 2.5% over the next two years, an increase in investments…

Black Friday: Low expectations for electrical and electronic goods

Market representatives are wondering whether the current positive performance in the electrical and electronic goods sector, both in terms of turnover and unit sales, will continue until the end of…

Fage: Soaring profits but also price increases

Fage Dairy Products announced that its nine-month revenues rose 13.3% to 477.3 million dollars (45.09 million euros based on yesterday’s euro-dollar exchange rate) compared to 421.2 million dollars (392.78 million…

PDMA: Greece reopens 10-year bond issue

Greece will return to capital markets on Wednesday, reopening a 10-year bond issue, with a fixed interest rate of 4.25%, maturing on June 15, 2023, the Public Debt Management Authority…

Olympia Electronics: Investment of 3.5 million euros to integrate AI technologies, automation and expansion into new markets

Olympia Electronics announced that its new investment program, amounting to 3.5 million euros, includes automation systems, new products with the integration of AI technologies and the expansion into new markets.…

IMF: Greece’s economic outlook is positive

Greece’s economic outlook has improved significantly with real GDP increasing and debt falling, returning to pre-pandemic levels, according to the International Monetary Fund (IMF). However, the Fund proceeded with recommendations…

AEGEAN: Turnover rises 31% to record 1.33 billion euros in 9-months

AEGEAN recorded strong growth and profitability in the nine- month period and the third quarter of 2023 as a result of investment in new destinations, increased capacity in the overseas…

Tuesday, 14 November 2023

Performance Shipping focuses on dry cargo

Performance Shipping, owned by the Paleos family, is considering an opening in the market for dry bulk carriers. According to shipping sources, the US-listed company, which until now has been…

Scholz-Mitsotakis: Close cooperation, joint solutions to the immigration issue

The good bilateral relations between Greece and Germany, immigration and the imminent visit of Turkish President Recep Tayyip Erdogan to Athens dominated the joint statements by Prime Minister Kyriakos Mitsotakis…

Naftomar orders the largest ammonia carriers for $500 mln

Naftomar will pay nearly 500 million dollars to build four large ammonia carriers (VLACs) at South Korea’s Hanwha Ocean shipyard. As Hanwha reported, each ship will be able to transport…

The energy transformation of the ports of Piraeus and Heraklion is underway

The ports of Piraeus and Heraklion are proceeding with the energy transformation of their facilities, in order to be able to provide coastal electricity to cruise ships in the near…

The High-Level Cooperation Council of Greece and Turkey in Athens – Erdogan will also participate

The Greece-Turkey High-Level Cooperation Council will eventually be held on December 7, in Athens. Initially, it was scheduled to be hosted in Thessaloniki, on the same date. According to the…

Greek banks pass into private hands

Greek banks pass in the hands of private individuals as is the case with all modern and developed economies. Therefore, the Hellenic Financial Stability Fund (HFSF) completed the sale of…

Tax bill: In public consultation until November 27

National Economy and Finance Minister, Kostis Hatzidakis, on Tuesday set the draft law “Measures to limit tax evasion” under public consultation. The consultation will run until Monday, November 27. According…

Capital Product Partners: Strategic transformation with eyes on energy transition

Capital Product Partners LP has reached an umbrella agreement for the acquisition of 11 newly-built LNG carriers from Capital Maritime & Trading Corp and Capital GP L.L.C, for a consideration…

PPC Renewables: The new small hydroelectric plant Makrochori II in operation

Public Power Corporation (PPC) is focusing on the production of clean energy, as another small hydroelectric plant of PPC Renewables has started its operation, bringing the number of small hydroelectric…

Greece abd Turkey agree to implement or reactivate CBM in 2024

Greece and Turkey delegations held a fresh round of talks on Confidence Building Measures (CBM) in Ankara. In an announcement, the Turkish Defense Ministry said that the meeting was cordial.…

Monday, 13 November 2023

DNA of Greek soccer fan on knife with traces of Katsouris’ blood

Greek police has found new evidence during the investigation into the murder of AEK F.C. supporter Michalis Katsouris. It is reminded that Katsouris died in clashes with Croatian football hooligans…

Optima bank: Net profit of 73.6 million euros in 9-mth, almost triple compared to last year

Optima bank announced its nine-month results, for the first time as a listed bank on the Athens stock exchange. More specifically, it recorded 29.7 million euro profits in the third…

HFSH: The sale of 9% of Alpha Bank at 1.39 euros/share

The Hellenic Financial Stability Fund (HFSF) announced that it has agreed to sell its entire stake in Alpha Services and Holdings S.A., that is 211,138,299 common registered shares, corresponding to…