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Thursday, 28 September 2023

Xiao Junzheng to “N”: New growth opportunities for the “blue of the Aegean” and the “red of China”

“Greece is an important partner of China in the European Union, which acts as a bridge, as a link for the strengthening of Sino-European relations,” China’s Ambassador in Athens, Xiao…

Greek shipowners returning to bulk carriers

The construction of dry bulk ships has recently been accelerated, with Greek shipowners taking a leading role in the agreements of the last few days. Initially, Diana Shipping, headed by…

Intrakat: Paving the way for the successful integration of Aktor

Intrakat’s positive performance in the first half of the year with a return to operating profitability and a 45% increase in turnover paves the way for the successful integration of…

Xiao Junzheng to “N” conference: Together we can promote green growth and share its benefits

There are no issues that divide China and Europe. The two powers cooperate economically, commercially, but also in global issues, such as climate change, while they mutually benefit from this…

Stylianidis at the “N” conference: Opportunity to strengthen cooperation between Greece and China with mutual benefits

The prospects of strengthening the bilateral cooperation between Greece and China in the shipping industry as well as in other sectors, with mutual benefits for the two economies, were underlined…

Olive oil prices to remain high for at least one more year

Olive oil prices will remain at high levels for at least one more year, while the “rally” of the prices will become clear in the spring of 2024, when there…

1st American Mediterranean Investment Forum: Greece offers investment opportunities

Joseph Sassoon Group, which organized the 1st American Mediterranean Investment Forum yesterday in Athens, is proceeding with two investments of 50 million euros in Greece. The former head of the…

Negative credit expansion sounds the alarm

Negative credit expansion, as a result of the strict ECB monetary policy in an attempt to tame inflation in the eurozone, sounds the alarm on the economy, society and banks.…

Piraeus Port Authority: Spectacular increase in H1 pre-tax earnings

Piraeus Port Authority recorded a 48.8% increase in its pre-tax earnings to 49.4 million euros in the first half of 2023 compared to 33.2 million in the same period last…

Wednesday, 27 September 2023

Investments in maritime green innovation for the shipping of the future

The World Maritime Day 2023 is celebrated on September 28, under the auspices of the International Maritime Organization (I.M.O). This year’s World Shipping theme is ‘MARPOL at 50 – Our…

Wind in the Sails: A “sea” of opportunities for the cooperation between Greece and China in shipping

Over the past five decades, Greece and China have developed strategic partnerships, reaping mutual benefits, mainly in the fields of communications, financial services, energy, maritime transport, shipbuilding and port operations.…

Alternative fuels: The great unknown

Global trade tensions and the equalization of alternative fuels, amid a tight regulatory environment, dominated the shipping conference organized by TradeWinds in Athens. The head of Tsakos Energy Navigation, Nikolas…

GEK TERNA on track for strong and long-term value

GEK TERNA is a health company keeping its strategic positioning, the board of directors said during its presentation at the Institutional Investors Association. “GEK TERNA is not only going through…

Reception for the 74th anniversary of the founding of the People’s Republic of China

The Chinese Embassy in Athens held a reception for the 74th anniversary of the founding of the People’s Republic of China (PRC). The Greek government was represented by the Deputy…

TITAN and Orcan Energy join forces for clean energy innovation towards net zero in cement

TITAN, an innovative and fast decarbonizing cement producer, and Orcan Energy, the leading cleantech company turning waste heat into clean electricity, announced an innovation partnership. This partnership brings together TITAN’s…

Profile: Strategy for extroversion and breaking into new markets

Profile Group’s strategic plan for the second half of 2023 focuses on the strengthening of extroversion, further development in new markets either through existing products – solutions or through acquisitions…

Amendment tabled in Parliament aims to keep prices down

Supermarkets with an annual turnover of more than 90 million euros should “alert” the Ministry of Development when they receive price lists with increases – mainly in food – from…

Athens stock exchange ranks first among sixteen developed markets

The Athens stock exchange ranks first among the sixteen developed markets, as well as among the 4 MSCI international indices that follow managers with funds of more than 55 trillion…

SEV: 7+1 “requests” to the prime minister

The challenges faced by private entrepreneurship such as the existence of well-paid jobs, the training of the workforce to acquire high-level skills, the possibilities for further attracting investment, but also…

Gaps in taxation of digital assets and cryptocurrencies transactions

The Ministry of National Economy and Finance and the Independent Public Revenue Authority (AADE) have recorded gaps in the current tax legislation regarding transactions with cryptocurrencies and digital assets. Therefore,…

Tuesday, 26 September 2023

Danaos: A fleet of large bulk carriers

Danaos has implemented a careful growth strategy in large bulk carriers, such as capesize, continuing the cost-effective acquisition deals. In the latest development, the US-listed company has strengthened its fleet…

AB Vassilopoulos: Getting back to profitability

AB Vassilopoulos’ main priorities are returning to a profitable trajectory this year and adjusting its strategy along the axis: prices, variety and service. The head of the Greek subsidiary of…

Retail commerce enterprises’ turnover rose 12.3% in July

Retail commerce enterprises’ turnover grew 12.3% in July totaling 3.94 billion euros compared to 3.51 billion euros in July 2022, and rose 5.5% in comparison with June 2023, when the…

VAT revenues heading to a new historical record

The budget is expected to set a new historical record in VAT receipts in 2023. More specifically, tax receipts exceeded the target by 805 million euros in the eight-month period,…

Cosco’s methanol initiative

Cosco Shipping is taking a leading role in the development of a green methanol supply chain in China, as an alternative shipping fuel. The state-owned giant, which recently placed an…

GEK TERNA: Further strengthening of leading position and financial performance

GEK TERNA Group’s total revenue climbed to 1,604.3 million euros in the first half of  2023 compared to 1,461.6 million euros in the respective period last year. Operating profitability increased…

Piraeus Container Terminal: Captain Wang Jihang the new managing director

Captain Wang Jihang was appointed managing director of Piraeus Container Terminal (PCT), Cosco Shipping Ports. Wang Jihang was appointed PCT’s chief operations officer in 2017 and deputy general manager in…

Cautious optimism in the electrical and electronic goods market

Moderate optimism prevails in the electrical and electronic goods market. On the one hand, analysts estimate that the turnover of the market will exceed 3 billion euros in 2023. On…

Stricter regulations on taxation and insurance awareness certificate

The establishment of a single taxation and insurance awareness certificate, which will be launched in January 2024, is aiming at exerting further pressure on the debtors of the Tax Bureau…

Greek exports to Spain up 3.8%; ranks 5th

Greek exports to Spain rose to 1.24 billion euros during the seven-month period of January – July 2023, up by 3.8% compared to the corresponding period of 2022, when it…