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Thursday, 19 October 2023

Elefsis Shipyards: Ratification of its transfer to ONEX

The reorganization plan and the transfer of the Elefsis Shipyards to the ONEX Group were approved, Labor Minister, Adonis Georgiadis, said during a press conference. Following the decision, the amount…

Patience and Restraint!

It is undeniable that there is a great deal of fear in the air surrounding the events in Israel and Palestine. Of course, we are not happy about these tragic…

Greece sets up High Level Advisory Committee for Artificial Intelligence (AI)

A High Level Advisory Committee for Artificial Intelligence (AI) is being established by decision of Prime Minister Kyriakos Mitsotakis. “The Committee will provide evidence-backed advice and proposals on how Greece…

Ministry presents bill to enhance transparency between servicers and clients

The Ministry of National Economy and Finance presented a bill, which aims to impose new rules of transparency in the relations between servicers and their clients, while improvements are also…

ELSTAT revises downwards nominal GDP estimates

The Hellenic Statistical Authority (ELSTAT) revised downwards the estimates for nominal GDP in 2022 to 206.6 billion euros from 208 billion euros. The estimate for real GDP growth was also…

Papoutsanis: Cooperation agreement with multinational company in the final stage

The Papoutsanis company is in negotiations with multinationals and other smaller companies operating in the soap and cosmetics sector, aiming for new partnerships that will help it grow its turnover.…

First “victory” against high sectoral food inflation in September

The first “victory” against high sectoral food inflation was recorded in September, but the battle against high supermarket prices has not been won. On the contrary, it becomes even tougher…

Wednesday, 18 October 2023

IOBE: Greek-owned shipping world leader

The leading position of Greek-owned shipping on a global level and its significant contribution to the Greek economy is confirmed in a research by the Foundation for Economic and Industrial…

Mitsotakis in Cairo on Saturday for the international conference convened by Egypt

Prime Minister Kyriakos Mitsotakis will visit Cairo on Saturday to participate in the international conference on developments in the Middle East organized by Egyptian President Abdel Fattah el-Sisi. Heads of…

‘Development of Digital Products and Services’ program: Higher budget to cover more investment projects

The Ministries of Finance and the Digital Governance announced that the budget of the “Development of Digital Products and Services” program has been increased to 145,000,000 euros from 100,000,000 in…

Representatives of 12 large German companies visit the Elefsis port

Representatives of 12 large German companies from the shipping and shipbuilding industry visited the Elefsis port and expressed their interest in the contribution of the commercial Port of Elefsis to…

IOGR: Strategic goal is the acquisition of large hotels in the main Greek tourist markets

The acquisition of hotel units with a large number of rooms in destinations served by air connections is part of the IOGR Group’s strategic development plan for the coming years,…

Mytilineos: In the ESG Leaders of the MSCI index

Myitlineos Energy & Metals joins the global elite of companies with high performance in terms of Sustainable Development, achieving an excellent performance of “AA” for Environmental, Social and Governance (ESG)…

Greek shipping and its contribution to global economy

Greek shipping can help the global economy in three practical ways, Nikos Vettas, general director of the Foundation for Economic and Industrial Research (IOBE), said in a discussion organized by…

Prime Minister Kyriakos Mitsotakis’ visit to Israel postponed

Prime Minister Kyriakos Mitsotakis’ visit to Israel has been postponed for security reasons, according to sources. The same sources said that the new security situation in Israel has led to…

National Bank of Greece privatization on the cards

Τhe Hellenic Financial Stability Fund (HFSF) gave the green light to advisers to come up with specific proposals for the continuation of the privatization program. It is estimated that the…

Piraeus Port: The largest multipurpose port in the Mediterranean, the fourth in Europe

The port of Piraeus “has become the largest multi-purpose port in the Mediterranean and the fourth largest multi-purpose port in Europe. It has also emerged as one of the fastest…

Tuesday, 17 October 2023

Kallas: The battle against soaring prices must be continuous

Breaking the barrier of 250 million euros in revenue, the Kallas Inc. group. continues its development path having completed an investment plan concerning the establishment of two new privately owned…

LNG transportation costs falling

A correction has been recorded to the charters of liquefied natural gas (LNG) recently amid escalating geopolitical risks. According to data from commodity tracking platform ICIS, spot rates in the…

Lavinia Bulk fleet is being reinforced

Lavinia Bulk has ordered six new kamsarmax dry bulk carriers, which are expected to be delivered in 2025 and early 2026. According to industry sources, the vessels ordered by Lavinia…

DESFA: Domestic natural gas consumption down 15.38% in 9-month

The consumption of natural gas in Greece has been reduced by 15.38% in the nine-month period 2023 compared to the same period last year, according to the National Natural Gas…

Mitsotakis: The demographic trends constitute national risk – 2022 figures are discouraging

Greek Prime Minister Kyriakos Mitsotakis expressed concern over the demographic problem during the conference “Demographics 2023, Time for Action” on Tuesday. Referring to the data recently announced by the Hellenic…

The protagonists of the mining industry 1992-2022

In a survey for the period 1992-2022, the Association of Mining Industries recorded the leading materials of the mining sector in terms of production and exports. Of the 27 minerals…

Greece’s investment grade prospects and their impact on the stock market

The Athens Stock Market’s moves are focused on S&P’s announcement regarding the Greek economy on Friday night, after the closing of Wall Street. More specifically, eyes are turned on whether…

Hellenic Development Bank: 45,288 loans amounting to 9.4 billion euros in 4 years

“The Hellenic Development Bank-HDB is the bank supporting the plans of SMEs,” the president and CEO of the Hellenic Development Bank-HDB, George Zavvos, said at the recent press conference entitled…

Greek January-September primary budget surplus at 5.9 billion euros; beats target

Greece recorded a central government primary budget surplus of 5.98 billion euros, twice the target, in the January-to-September period on the back of higher tax revenues, according to the Finance…

Intercargo: Represents 1/3 of the world’s dry and bulk fleet

A third of the world’s dry and bulk fleet in terms of deadweight, which reached a new record high at the end of August, is represented by the International Association…

Monday, 16 October 2023

Tanker deals on the rise

A significant increase in tanker buying and selling activity has been recorded over the last weeks with the interest mainly focused on younger vessels. After the war in Ukraine, deals…

‘Celestyal Journey’ setting sail

The Greek cruise industry is showing signs of dynamic growth, with the launch of new ships that upgrade Greece’s tourism product, while contributing to the strengthening of local economies. The…

Investments in real estate total 4.6 billion euros

The real estate investments of the 9 Real Estate Investment Companies (AEEAP) totaled 4,603.4 billion euros at the end of June from 4,430.8 billion euros on 31.12.2022, up 3.9%. Real…