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Friday, 27 October 2023

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…

Mytilineos: Europe is lagging behind

Α total of 50% of European energy-intensive industries have closed down, most of which have moved to the USA, the president and CEO of Mytilineos, Evangelos Mytilineos, stated at the…

Eldorado Gold claims a leading role in copper

Eldorado Gold’s assets in Greece are key to its strategic development plans, the CEO of the Canadian company, George Burns, said speaking at the Toronto Economic Forum II, organized by…

IPTO: Greece’s momentum in RES is unprecedented

“It is the time of international interconnections and storage,” the vice president and general manager of Technology, System Development and Strategy of the Independent Power Transmission Operator (IPTO), Ioannis Margaris,…

Wednesday, 25 October 2023

Developments in the deal between Alpha Bank and UniCredit

The list of advisers of the Financial Stability Fund (HFS) was sent to the Ministry of Finance in order to select the adviser who will proceed with the necessary actions…

ANEK and Attica deal to create a European giant company

The second largest passenger shipping company in Europe in terms of passenger capacity and the fifth in terms of garage capacity will be created by the merger and absorption of…

Ministries ‘on alert’ amid soaring food prices and high energy prices

Τhe government is on “alert”  as the already high food prices are accompanied by the risk of higher electricity bills and more expensive fuel. Three ministries are preparing measures to…

Enterprise Greece: Spanish interest in investment

A conference was held with the aim of attracting Spanish investments in Greece in the presence of 70 guests, including representatives of important Spanish business groups as well as institutional…

Piraeus Port Authority: Higher revenues and profits – Spectacular performance in the cruise sector

Piraeus Port Authority (PPA) announced a significant increase in revenues and profits in the nine-month period and the third quarter of 2023 compared to the same period in 2022. Most…

The value of the Greek innovation system at 8.2 billion euros in 2022

The value of the Greek innovation system rose to 8.2 billion euros in 2022, while the number of registered start-ups in Elevate Greece reached 800 and the number of employees…

BoG: Bankers see higher demand for consumer loans

Demand for consumer loans and loans for small and medium-sized enterprises (SMEs) is expected to increase in the last quarter of the year, according to the Bank of Greece (BoG).…

The messages of the International Association of Dry Cargo Shipowners (Intercargo)

The administrative committee of the International Association of Dry Cargo Shipowners (Intercargo), sent their messages during a press conference in Athens. More specifically, it was pointed out that:Dry bulk…

Olive oil to surpass 170 euros

A tin can of olive oil will be sold for more than 170 euros, said Myron Chiletzakis, Vice President of the Union of Agricultural Cooperatives of Heraklion on Naftemporiki TV.…

Exarchou (Intrakat): Reforms in Europe to remove the gap between North and South

Αddressing the 27th Economist Government Roundtable, Intrakat’s vice-president and CEO, Alexandros Exarchou, stressed the need to make major structural changes in Europe, in order to close the gap between North…

VAT Gap : Greece loses 3.23 billion euros in revenue per year

The losses of the state from the “VAT Gap” amounted to 3.23 billion euros in 2021. According to the data released by the European Commission, the member states managed to…

Tuesday, 24 October 2023

ESG Shipping Awards 2023 held in Athens

The ESG Shipping Awards 2023 conference, organized by Elena Athousaki and Katerina Stathopoulou, is a leading initiative to promote sustainable governance in shipping. The conference took place in a central…

Randstad: Trends, benefits and new data in the tourism and hotel industries

Τhe tourism and hotel industry is one of the most dynamic and dominant sectors in modern society, representing not only the development of tourism activities, but also the creation of…

Simeon Palios (Diana Shipping Inc): Atomic energy for zero pollution

Simeon Palios, the founder and president of Diana Shipping Inc, sees atomic energy as a solution of the future for zero pollution in shipping. Speaking at the “1st Chios International…

Japan Tobacco International: Greece on the international map with Ploom

Japan Tobacco International (JTI) has included Greece on its international map for the distribution of the Ploom heated tobacco technology product, an investment totaling 300 billion Japanese Yen. According to…

Shipping: Concern over specific scrubbers’ credibility

The performance of specific types of scrubbers, after 4-5 years of use, on ships of the ocean shipping industry is causing strong concern in the Greek shipping community. “Naftemporiki” is…