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Monday, 30 October 2023

Naftemporiki and China Media Group sign memorandum of cooperation

The Group of Naftemporiki and China Media Group (CMG) signed a memorandum of cooperation on Monday in the framework of a Greek-Chinese conference entitled “An ancient path for modern prosperity”…

Increased orders for newbuilt LR2 tankers

There has been much talk in recent years about the container ship order book and the imbalances that will come to the market from multiple newbuilt deliveries amid sluggish demand.…

“Thess INTEC” contribution to Greece’s digital transformation

The presidential decree for the 4th generation Science and Technology Park “Thess INTEC” in eastern Thessaloniki is expected by the end of November. Meanwhile, the additional Strategic Environmental Impact Study…

Inflation and entrepreneurship

It is known that the level of inflation affects the purchasing power. When inflation is high, the value of money decreases over time, delaying the implementation of investments, as their…

HFSF launches sale process for the disposal of its stake in Alpha Services and Holdings

The Hellenic Financial Stability Fund (HFSF) launched a formal sale process for the disposal of its entire stake in the share capital of Alpha Services and Holdings S.A. In an…

Freelancers: Changes in the taxation system – The measures to combat tax evasion

The Ministry of National Economy and Finance is proceeding with the radical change of the taxation system for freelancers and the self-employed together with the implementation of measures to combat…

Listed companies distributed 3 billion euros in 10 months

The listed companies’ cash distributions to their shareholders reached 3 billion since the beginning of the year after the last cash distribution of 200 million (1.47 euros/share) by Jumbo last…

E-commerce: Positive prospects; storage, transport and digital transformation the main challenges

The e-commerce sector is expected to grow significantly in the coming years and this is an opportunity as well as a challenge, according to the conclusions of the Panhellenic Research…

Food, energy and fuel continue to trouble the financial staff

The risk of higher electricity bills and more expensive fuel together with soaring food prices are three factors that have sounded the alarm to the government. Three ministries – National…

Foreign Ministry sources: Greek initiative for a humanitarian sea corridor to Gaza

Greece is considering the possibility of creating a sea corridor in order to bring humanitarian aid to Gaza, according to diplomatic sources. “Greece, which from the first moment stressed the…

Friday, 27 October 2023

Greece recognized as the world capital of ship management

Athens / Piraeus participation among the largest shipping centers in the world lays on ship management. According to research by DNV and Menon, Greece is recognized as the world capital…

Skaramangas and Elefsis Shipyards a great opportunity for Greek economy

The resumption of the two major shipyards and their cooperation with the shipping cluster is a great opportunity for the Greek economy. Under the guidance of leading shipowner George Prokopiou,…

Shipping: Greece wins gold medal in terms of capacity

Greek shipowners have the largest commercial fleet in the world in terms of transport capacity, while at the same time they own the second largest in terms of value. According…

Trade Estates: It will distribute 90% of its profits

Trade Estates will proceed with the distribution of 90% of the company’s net annual profits, instead of the 50% that Real Estate Investment Companies are required to distribute as a…

DIS and ION Join Forces to Elevate Chocolate Industry with SFA mobile cross platform “b-anywhere

DIS is excited to announce a partnership with ION, the iconic Greek chocolate company, celebrated for its legacy of delectable crafting chocolate treats for over 85 years. This collaboration signifies…

AADE to integrate AI in the fight against tax evasion

A total amount of 100 million euros from the “Digital Transformation 2021-2027” program of the NSRF will be channeled to the digital strengthening of the Independent Public Revenue Authority (AADE).…

Natural gas taxes spark tension

Bulgaria’s gas tax has sparked tension in a period of intense volatility in energy prices. More specifically, Bulgaria has imposed an extraordinary tax of 10 euros/MWh on Russian gas transported…

Hellenic Cables: Submarine cable supply contract with Seaway 7

Hellenic Cables and Seaway7 signed a deal for the EastAnglia 3 offshore wind farm being developed by Scottish Power Renewable. According to an announcement, the partnership demonstrates Hellenic Cables’ commitment…

Public: More than 100 million online and physical visits in the last year

Public has recorded over 100 million online and physical visits to the stores as well as to Public.gr over the last year. According to the company, more than 70% of…

EuroDry signs agreement with Norwegian investors for two bulk carriers

EuroDry announced a joint venture with Norwegian investors for two bulk carriers it recently acquired. In particular, the US-listed company announced a joint venture with investors represented by NRP Project…

Shipping: The future of alternative fuels remains vague

More and more shipowners who decide to invest in new-build vessels turn to the installation of energy saving systems (ESDs) since the landscape of alternative fuels  is still vague. These…

Thursday, 26 October 2023

Greek Merchant Fleet down 0.4% in August; 1,822 ships

The Greek Merchant Fleet showed a small decrease in August 2023, while a drop was also recorded in the total tonnage of all ship categories, with the largest in cargo…

Lagarde: The answer to “Naftemporiki” question about Greek bonds

Greek bonds are currently eligible for the PEPP, which is the only active program of the ECB, through reinvestments, ECB President Christine Lagarde said on Thursday in response to a…

Greece-Egypt Electricity Interconnection: Proposal to be included in the EU list of Projects of Mutual Interest

The Egypt-Greece “GREGY” electrical interconnection has been proposed for inclusion in the European Union’s list of Projects of Mutual Interest. The European Commission’s Directorate-General for Energy (DG Energy) announced that…

Construction inflation affecting real estate market

Construction inflation is running high compared to the consumer price index (1.6%). More specifically, the price index of building materials rose 6.4% in September. Therefore, conditions for the Greek real…

Only 13% of real estate auctions end successfully

Approximately 13% of real estate auctions end successfully, while 14,000 new real estate auctions are scheduled to take place in the next 10 months, with a total value of 1.35…

Mytilineos earnings report reveals most profitable quarter

Mytilineos remained on a steady upward trajectory, despite the significant reduction in energy and metal prices recorded in the nine-month period of 2023. According to a statement, turnover amounted to…

ECB’s key deposit rate seen stable at 4% until July 2024

The ECB’s key deposit rate will remain stable at its current level of 4% until July 2024, as the central bank is expected to halt the most aggressive series of…

Ten Brinke: Investments of 250 million euros in Greece

Ten Brinke Hellas is planning to increase investments in the coming period, the company’s managing director, Fotis Gioftsios, said during the 24th Prodexpo. The investments approved by the group of…

PCT: New investments in the period 2023-2024

PCT (Piraeus Container Terminal), a subsidiary of COSCO SHIPPING Ports Limited, has made Investments amounting to approximately 600 million euros, from 2010 to date, taking advantage of the strategic position…