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Tuesday, 24 October 2023

GDP ‘correction’ revises deficit and debt figures

The Hellenic Statistical Authority’s GDP “correction” for 2022 raises the general government deficit by 0.1% and the debt by 1.3 percentage points. Meanwhile, the general accounting office is also preparing…

Grivalia Hospitality: The 300-million-euro investment opening its doors

One&Only Aesthesis, the new tourist resort in Glyfada, will be put into operation in November, a total investment of 300 million euros by Grivalia Hospitality. The new hotel unit on…

Mega deal between Alpha Bank and Unicredit changing the landscape

The landscape changes for the Greek banking sector after the announcement of the mega deal between Alpha Bank and Unicredit. The agreement, which was announced in the wake of the…

Over 80 B2B contacts of Greek and German companies from the shipping – shipbuilding industry

More than 80 B2B contacts with Greek companies were held by 12 German shipping and shipbuilding companies that participated in a business mission to Piraeus, organized by the Hellenic German…

Dynagas’ two FSRUs to Germans

The two floating storage and regasification units (FSRUs) of George Prokopiou’s Dynagas, which have been chartered by the German government, have started operating. The reason for the ships Transgas Power…

Monday, 23 October 2023

BoG: Number of travelers up 18.4% in January-August

The number of inbound travelers rose by 18.4% to 22.6 million in January-August 2023 compared to 19.1 million in the same period the previous year, according to the Bank of…

Greeks invest in feeder containerships

Greek shipowners are investing in feeder containerships. At a time when liner shipping companies are running colossal shipbuilding programs, Greek shipowners are investing in small second-hand vessels. Meanwhile, this period…

Investment grade: How it will affect the country

Countries’ needs for borrowed capital in the coming years will be great. They will need additional funds to: cover the huge costs of the green transition, deal with the coming…

Mitsotakis to Netanyahu: Israel’s right to self-defense according to International Law

Prime Minister Kyriakos Mitsotakis met with his Israeli counterpart Benjamin Netanyahu in Israel on Monday. The Greek premier underlined Israel’s right to self-defense according to International Law, but also the…

Supermarkets: Soaring prices “inflate” turnover – Food sales volume down

The sales in organized food retail trade (food stores over 100 sq.m., mainland Greece & Crete, excluding the islands) recorded a 9.2% increase in the 9-month period 2023 compared to…

Hatzidakis, Stournaras welcome UniCredit decision to invest in Alpha Bank

Minister of National Economy and Finance, Kostis Hatzidakis, welcomed UniCredit decision to invest in Alpha Bank. Hatzidakis pointed out that “the baton now passes to the Financial Stability Fund, which…

Mitsotakis in Israel to meet with Netanyahu

Prime Minister Kyriakos Mitsotakis arrived in Israel on Monday. As the prime minister’s office announced, Mitsotakis will meet shortly with his Israeli counterpart Benjamin Netanyahu in Jerusalem. The prime minister…

IT: Digital transformation raises hopes despite uncertain economic climate for technology sector

IT companies are expected to continue facing challenges and high uncertainty in the second half of 2023, according to companies in the IT industry. The “Digital Care” action did not…

The Grimaldi era begins in Igoumenitsa

The sale of the majority package of shares (67%) of the Igoumenitsa Port Organisation to a joint venture led by the Italian Grimaldi group, was recently concluded paving the way…

Mitsotakis: Greece before a historic window of opportunity

“Greece has entered a trajectory of dynamic growth with perspective. This is not accidental, but it is a result of the reforms made over the last few years. And that…

Piraeus Chamber of Commerce and Industry welcomes Greece’s upgrade by S&P

The Piraeus Chamber of Commerce and Industry welcomed with its announcement the upgrade of the Greek economy by Standard & Poor’s to BBB- with stable prospects. The Piraeus Chamber pointed…

Friday, 20 October 2023

IPTO signs MoU with Cyprus Transmission System Operator (CTSO)

The Memorandum of Cooperation (MoU) signed by the Independent Power Transmission Operator (IPTO) and the Cyprus Transmission System Operator (CTSO) is another important milestone for the further extension of the…

UniSystems collaboration with Google as a Cloud Partner

UniSystems announced its collaboration with Google for the Cloud, geographically covering Southeast Europe, the Middle East and Africa. As a Google Cloud Partner in the areas of Sell and Service,…

Mitsotakis: Greece a positive surprise amid a barrage of bad news

Prime Minister Kyriakos Mitsotakis, who was visiting Ioannina on Friday, reassured that the government will accelerate its work, despite the great geopolitical difficulties facing the world and the wider region.…

Stylianidis: Decarbonisation among the challenges of global shipping

“Decarbonization, sustainability and the role of digital technologies are the main challenges for the future of global shipping,” Minister of Shipping, Christos Stylianidis, said during the World Maritime Forum, held…

Elefsis Shipyards on track for restructuring

An Athens Court of First Instance approved the restructuring plan for Elefsis Shipyards submitted by ONEX Group, following the revamp of the Syros Shipyards. The group is expected to proceed…

Travel receipts jumped to 14.66 billion euros in January-August

Greece’s current account deficit shrank by 4.2 billion euros in the eight-month period, while tourist arrivals increased by 18.4%, boosting travel receipts to 14.66 billion euros. More specifically, in the…

Price rally in the Attica region real estate market, led by Piraeus

An increase of up to 143% in the total value of sales and up to 47% in the price of the average property was recorded by the TOPO GES IKE…

The timeless and multidimensional offer of Greek shipowners in a special edition of Naftemporiki

The portraits of Greek shipowners and their contribution to our country were captured in a special edition of “Naftemporiki.” The publication was presented at an event at the Eugenides Foundation,…

Hellenic Gaming Commission to submit proposals for the viability of the gambling industry

The Hellenic Gaming Commission is expected to submit proposals aiming to enhance the viability of the gambling industry companies as well as to limit illegal online betting. The proposals will…

The development of yachting marks a new era for Greece’s tourism

Prime Minister Kyriakos Mitsotakis was represented by the Minister of Shipping and Insular Policy, Christos Stylianidis, at the opening ceremony of the 3rd Olympic Yacht Show, held at Olympic Marine…

Thursday, 19 October 2023

IOBE report: Greek economy to grow by 2.4% in 2023 and 2024

The Foundation for Economic and Industrial Research (IOBE) maintained its estimate for annual growth of 2.4% in real terms in 2023, despite the slowdown of the European economy, high inflation…

GNTO promotes adventure tourism in Britain

In the two-day conference-B2B workshop of ATAS (Association of Touring and Adventure Suppliers) held in Liverpool, on October 10-11, 2023, the UK & Ireland GNTO (Greek National Tourism Organization) Office…

Supermarkets’ turnover up 9.8% in Jan-Aug, survey shows

The turnover of supermarkets continued to rise in the January-August period, while consumers opted for cheaper products, such as private label products, according to a survey held by Circana. Accumulated…

Digital transformation of the agricultural sector underway

The project of the digital transformation of the agricultural sector is being implemented by the consortium Neuropublic – OTE – Skarmoutsos. The budget of the project amounts to 33.7 million…