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Thursday, 02 November 2023

Moore Maritime Index: Operating costs and revenues of more than 1,500 ships in 2022

Dry bulk carriers’ total operating expenses rose from 5% to 9% in 2022 in the various ship categories, with the largest increase of 9% recorded in Handysize ships, according to…

Desquared: Moving forward together with Deutsche Telekom

Desquared company is planning the further development of its products aiming at the global market, after its entry into the share capital of Deutsche Telekom (main shareholder of OTE) as…

Minerva shows resilience amid multiple challenges

Minerva food company is proceeding with the spin-off of the activity of feta and white cheese production and the creation of a new company, which last year showed its resilience…

Coast Guard: 5 new state-of-the-art high-speed patrol boats added to its fleet

Minister of Shipping and Insular Policy, Christos Stylianides, and the managing director of the Finnish shipyard “Marine Alutech OY AB”, Niko Haro, signed a contract, in the presence of the…

The agenda of Prime Minister Kyriakos Mitsotakis’ visit to China

Greece could constitute a bridge between the EU and China for a more balanced relationship due to cultural ties and geopolitical position. Prime Minister Kyriakos Mitsotakis is paying an official…

Foreign Ministry: Fragogiannis in Beijing and Shanghai

Deputy Foreign Minister for Economic Diplomacy and Openness Kostas Fragogiannis, accompanied by the general secretary of international economic relations and openness Maira Myrogianni, will visit China on Thursday. Fragogiannis will…

New Greek deals for product tankers

Agreements for the purchase and sale of oil product tankers have been increasing over the last weeks, and Greek shipowners are once again playing a leading role. “The market for…

Lignite case: PPC has finally closed a 15-year pending case

Public Power Corporation (PPC SA) has successfully completed the obligations undertaken towards the Greek government for the sale of Greek-power forward products to third parties during the last three years.…

Transport Minister Staikouras to accompany Prime Minister Mitsotakis to China

Infrastructure and Transport Minister Christos Staikouras will accompany Prime Minister Kyriakos Mitsotakis to Beijing during his official visit to the People’s Republic of China (PRC) on Thursday. The minister will…

Wednesday, 01 November 2023

Additional tools for stamping down tax evasion

The government imposed objective criteria for the taxation of self-employed people who, until now, declare extremely low incomes, aiming to deal with tax evasion. The government’s package of interventions incorporates…

Motor Oil presents subsidiaries that will play a leading role in circular economy

Motor Oil Group presented its subsidiaries VERD and Green Oil (Prasino Ladi). VERD was founded in 2005 and operates in the production and marketing of biofuels. The company has a…

Greece, Japan sign Double Taxation Avoidance Treaty

Minister of National Economy and Finance, Kostis Hatzidakis, and the Japanese Ambassador to Greece, Yasunori Nakayama, signed the Greece-Japan Double Taxation Avoidance (DTA) Treaty and the accompanying protocol. The treaty…

The way is opening for port master plans

The bill of the Environment Ministry that was submitted to public consultation includes legislative regulations that pave the way for the completion of the Master Plans of the country’s ports.…

Tetra Pak: 40 years of activity in Greece – 2022 turnover at 49 million euros

Tetra Pak Hellas aims to expand its activities related to food processing along with their packaging. The company already counts 40 years of activity in the Greek market and in…

BoG governor Stournaras sees interest rates de-escalation as of mid-2024

Bank of Greece (BoG) governor Yannis Stournaras estimated that interest rates will not continue to rise, adding that their de-escalation will begin as of mid-2024. In an interview to the…

National Offshore Wind Park Development Program

Twenty-five marine areas extending to 2,712 km2, where wind parks producing at least 12.4 GW can be developed, are included in the National Offshore Wind Park Development Program presented at…

National Offshore Wind Park Development Program

Twenty-five marine areas extending to 2,712 km2, where wind  parks producing at least 12.4 GW can be developed, are included in the National Offshore Wind Park Development Program presented at…

New ship in the Attica Group fleet

Attica Group announced the acquisition of a new ship and its registration in the Greek registry. The HIGHSPEED 3 (ex-BORAQ) was acquired through a public auction held in Algeciras, Spain,…

Labour Minister Georgiadis: The increase of average salary to 1,500 euros is feasible

Labor Minister Adonis Georgiadis announced during the 6th Athens Investment Forum 2023 that the increase of the average salary to 1,500 euros at the end of four-year term is an…

Minster of Maritime Affairs Stylianidis stresses need for EU funds to renew the coastal fleet

Minster of Maritime Affairs and Island Policy, Christos Stylianidis, during his meeting with the Association of Banking and Financial Executives of Hellenic Shipping, stressed the need to attract capital to…

Greek Finance minister Hatzidakis unveils nine initiatives

National Economy and Finance Minister Kostis Hatzidakis presented a series of initiatives for the transition to an economy based on the quantitative and qualitative increase of investments, as well as…

Tuesday, 31 October 2023

French Ambassador: Great opportunities for Greek investments in France

French Ambassador, Laurence Auer, called on Greek businessmen, especially in the field of high-tech start-up companies, to invest in France, during a press conference held at the French embassy, in…

DELTA: Expands its portfolio with the acquisition of Cold Sin

DELTA is re-approaching the domestic ice cream market after 17 years of “absence” following the acquisition of the “Cold Sin” company. The company, based in Lamia, is the official national…

Greek premier Mitsotakis announces changes on freelancers’ taxation

We are firmly focused on reforms,” Prime Minister Kyriakos Mitsotakis said during the cabinet meeting on Tuesday, stressing that what he announced during the Thessaloniki International Forum (TIF) on tax…

Intracom Telecom: Preparing a comeback to the Greek market

Intracom Telecom, a company that produces high technology and integrated products (hardware and software), seeks to relocate to Greece, as 70% of its annual turnover comes from abroad. Ioannis Poulos,…

Greek banks are preparing 3-billion-euro bond issuance

Greek banks will proceed with the issuance of bonds, mainly Senior, amounting to 3 billion euros in 2024 against their MREL (Minimum Requirement for Equity and Eligible Liabilities) targets, which…

Two Chinese rating agencies upgrade Greek economy – Congratulations from the embassy

The Embassy of China sent a congratulatory notice to the Ministry of National Economy and Finance, after Greece’s credit rating was upgraded by two of China’s largest credit rating agencies.…

SEV: Competitive energy costs critical for the industry

Despite their occasional reduction, energy prices are high and are expected to remain at these levels. Therefore, ensuring a predictable and competitive energy cost for energy-intensive businesses in the face…

Ambassador Xiao Juncheng: More Chinese investors after the Chinese investment grade in Greece

The recent upgrade of Greece’s credit rating to investment grade by two Chinese rating agencies will lead to more Chinese investors coming to Greece, Chinese Ambassador Xiao Juncheng said during…

Greek-Chinese conference: “An ancient path to modern prosperity”

China Media Group organized the event “An Ancient Path to Modern Prosperity” – “Belt and Road” Dialogue between China and Greece in a central hotel in Athens. The Chinese group…