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Friday, 10 November 2023

JTI Hellas participates in the 2nd Eastern Mediterranean and Southeastern Europe Conference in Brussels

JTI Hellas actively participated in the proceedings of the 2nd Eastern Mediterranean and Southeast Europe Conference organized by the Delphi Economic Forum in Brussels. Energy transformation, energy autonomy, the eventual…

Greece’s leading role in shipping

A series of statistical readings on the world’s largest fleet, in terms of tonnage, has been made over the last months. Clarksons recently stated that China surpassed the Greek-owned fleet…

OTE responds to strong competition with high-quality services

Prioritizing the quality of the services it provides to its customers, Greek telecoms OTE responds to high competition in the market, the president and managing director of the Group, Michalis…

PPC: Enel Romania acquisition to create an energy leader

Public Power Corporation (PPC) acquisition of Enel Romania leads to a significant increase in a number of areas (number of customers, production base, networks). On a financial level, operating profits…

EU sources to “N”: Emergency meeting on new Stability and Growth Pact possibly on Nov. 23

“I am more optimistic that we will be able to reach a political agreement this year,” German Finance Minister Christian Lindner said after the Ecofin meeting. Lindner suggested that the…

Dendias-Prince Khalid bin Salman: Greek Patriot missiles to remain in Saudi Arabia

The extension of the presence of the Greek Patriot missiles in Saudi Arabia as well as the wider defense cooperation between Greece and Saudi Arabia were the main issues discussed…

Lidl Hellas: Investments of 120 million euros in 2024-2026

Lidl Hellas is planning investments of 120 million euros over the next three years 2024-2026. As the president of the company, Martin Brandenburger, said in a press conference, the investments…

‘Adaptability’ a key word for shipping

“Adaptability” is a key word for shipping, Yannis Platsidakis, honorary chairman of Intercargo, stressed during the conference “Greener Shipping Summit 2023. Where is shipping heading in the next decade?” “We…

PPC: Increased profits and investments in the 9-month results

The Public Power Corporation (PPC) announced increased operating profitability in the nine months of 2023, due to the reduction of operating expenses, and mainly expenses for energy purchases, natural gas…

Thursday, 09 November 2023

Safe Bulkers is firmly on ‘green’ track

Safe Bulkers, owned by Poly V. Chatziioannou, remains on a profitable course, despite the drop in the freight market and the unstable economic environment. At the same time, a broad…

The lack of shipyards an obstacle to achieving the green goals

The steady decline in global shipbuilding capacity over the past two decades makes it even more difficult for the shipping community to meet green emission reduction targets. After the great…

Mitsotakis-Macron meeting: Focus on the humanitarian situation in Gaza

The humanitarian situation in the Gaza Strip dominated the meeting between Prime Minister Kyriakos Mitsotakis and the French President, Emmanuel Macron, on the sidelines of the International Humanitarian Conference in…

Methanol is gaining ground in alternative fuels

Orders for methanol ships increased in October 2023, as the shipping industry’s interest gradually turned to the use of alternative fuels. According to figures from Norwegian classifier DNV’s Alternative Fuel…

ELTA: The reorganization of the network has been completed

Hellenic Post (ELTA) is entering into the second phase of structural transformation, in order to regain its pivotal role in the economy by the end of 2024. The new business…

Intrakat-Aktor: The next steps for the giant company of 370 projects and 3,000 employees

Following the approval by the Competition Commission, Intrakat must now move with the integration of Aktor and its development into a group with a portfolio of 370 projects in progress,…

Kasselakis meets Schinas; talks focus on migration and asylum

Main opposition SYRIZA-Progressive Alliance leader Stefanos Kasselakis met with the vice-president of the European Commission, Margaritis Schinas, in Brussels. According to SYRIZA sources, Kasselakis stressed the importance of promoting a…

International Humanitarian Conference for Gaza’s Civilian Population in Paris; Mitsotakis to reiterate Greece’s positions

Dramatic developments in the Middle East and the issue of civilians in Gaza will be discussed at the International Humanitarian Conference, organized by French President Emmanuel Macron, on Wednesday, in…

HRADF: One offer for the property “Sani Kassandra”

The Hellenic Republic Asset Development Fund (HRADF) received one offer for the property in the Sani area, Kassandra municipality, Halkidiki Regional Unit. The offer was submitted by the company “Sani…

Conference “Upgrading Greece”: The thematic sections and the speakers

The organization of the Economic – Business Conference of Naftemporiki, which will be held on November 22, 2023, at the Zappeion Mansion, is in the final stretch. The main thematic…

Wednesday, 08 November 2023

BoG: Positive outlook for banks

The Greek banking sector has positive prospects, according to the Bank of Greece (BoG) Financial Stability Report published on Wednesday. More specifically, the Greek sovereign’s return to investment grade mitigates…

Signs of a sustained upward rally for super tankers

The VLCC market seems to be entering a strong upward cycle, as environmental regulations and geopolitical conditions will lead to lower speeds and, by extension, limited tonnage supply. “The real…

Greek shipowners increasing the rate of new shipbuilding projects

The Greek shipowners are increasing the rate of new shipbuilding projects. After a two-year period of slowdown, mainly due to the uncertainty surrounding the new green fuels, Greek shipowners’ orders…

Intrakat: Competition Commission gives go-ahead for the acquisition of Aktor

The Competition Commission gave the green light to Intrakat for the acquisition of all the shares of Aktor. Following the approval, Intrakat Group’s vision of creating a strong pillar in…

Conference on Gaza in Paris: Athens’ position and the humanitarian corridor

Prime Minister Kyriakos Mitsotakis will participate on Wednesday in the international humanitarian conference in Gaza, which is being held at the initiative of French President Emmanuel Macron in Paris. It…

Storm ‘Daniel’: Insurance compensations for damages at 372 million euros

Insurance companies have paid the largest amount of compensation since 1993. According to a report compiled by the Hellenic Association of Insurance Companies (HAIC), money paid for property damages inflicted…

Mytilineos: It is not leaving Greece – It is considering dual listing

The president and managing director of Mytilineos, Evangelos Mytilineos, speaking at a conference organised by think tank ‘Kyklos Ideon’, said he was positive about the prospect of a parallel trading…

Hellenic-American Chamber: The professional opportunities that the shipping industry offers

The Hellenic-American Chamber of Commerce and the Leadership Committee organized an event in order to inform young people, aged 17-28, about the developments in the labor market and the prospects…

The plan of the GNTO to promote Greek tourism

The Greek National Tourist Organization (GNTO) will continue its tourism campaign, focusing on the human factor as well as sustainability, the General Secretary of the Organization, Dimitris Fragakis, said on…

Greek exports amount to 38 billion euros, down 6.4% in Jan-Sept

Greek exports amounted to 38.0 billion euros in the period January-September 2023, recording a decrease of 6.4%, i.e. 2.6 billion euros compared to the corresponding period of 2022, when they…

Tuesday, 07 November 2023

Mitsotakis meets with EIB president Hoyer in Athens

Prime Minister Kyriakos Mitsotakis met with European Investment Bank (EIB) president Werner Hoyer on Tuesday in Athens. The meeting took place on the occasion of the signing of the agreement…