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Monday, 25 September 2023

“Nissos” beer deal with Carlsberg and the “window” for international markets

Alexandros Kouris, owner of Nissos brewery, outlined the new commercial partnership with Carlsberg, which will have a 10% participation in the equity capital, upgrading the company’s network and extroversion in…

The new commercial map of tankers

The commercial map in the tanker market has changed completely, after the war in Ukraine, with ships traveling longer distances, contributing to the rise of freight rates. The European Union…

Budget: Primary surplus of 5.596 billion euros in Jan-Aug

The Greek budget recorded a primary surplus of 5.596 billion euros in January-August compared to a surplus target of 2.314 billion euros and a primary surplus of 19 million euros…

Orders for new product tankers on the rise

The orders for new product tankers increased in the first eight months of 2023. According to BIMCO analysis, new orders have reached a 10-year high, especially agreements have been signed…

Green Ports further expanding its activities in Malta

Hellenic Environmental Center (HEC) further expands its network, through its subsidiary Green Ports (Malta) Ltd. The company, which has a strong presence in the Greek ports of Gibraltar and Hamburg,…

HFSF launches its Divestment Strategy

The Hellenic Financial Stability Fund (HFSF) announced the launch of the disposal of its stake in Eurobank. More specifically, the HFSF announced its intention to dispose of its entire stake…

Olive oil a luxury item-Forecasts on its price

The price of olive oil climbed by 35% in August, surpassing 13 euros per liter in the super markets, with the estimates being ominous. The vice-president of the Greek Association…

Shipping faces a new environment of challenges and opportunities

The disruptions in global supply chains – particularly with the war in Ukraine and the sanctions imposed on Russia – and the post-COVID trend towards “nearshoring”, initially, and – due…

Stocks are sending a bearish signal

Despite the most aggressive interest rate cycle, the cost of living crisis, as well as the geopolitical tension, the stock markets for most of the year recorded a positive performance.…

Kasselakis elected new SYRIZA-Progressive Alliance leader; the two bets

Stefanos Kasselakis was elected as the new leader of the main opposition SYRIZA-Progressive Alliance. Kasselakis received 56.69% of the vote compared to 43.31% received by the other candidate Effie Achtsioglou…

Friday, 22 September 2023

Greece among the top 10 largest shipping centers in the world

Athens-Piraeus is among the largest shipping centers in the world. According to the latest data from the Xinhua-Baltic Index, Singapore kept the title of the world’s largest shipping center in…

Motor Oil: “EPHYRA” project for renewable hydrogen production plant

The official kick-off meeting of the project “EPHYRA” for the construction and operation of an innovative renewable hydrogen production unit, takes place on September 21 and 22 in Athens and…

12 German shipping companies to ‘dock’ in Piraeus

Twelve German companies from the shipping sector are expected in Piraeus between October 9-12. These are mainly companies with “green” and “smart” services, which aim to drastically reduce the carbon…

Road map for Greece’s more dynamic “presence” in Global Logistics

The government will seek the establishment of an inter-Balkan entity responsible for taking critical initiatives concerning the region with an emphasis on upgrading Greece’s competitiveness in global freight transport/logistics through…

Naftemporiki and China’s Economic Daily open new horizons of cooperation

“Naftemporiki” is expanding its cooperation with the Chinese media giant “Economic Daily”, thus contributing to a better understanding of the economic data of the two countries and opening a communication…

New orders for LNG carriers from Qatar; Greek interest

Qatar’s grand shipbuilding program for LNG transport ships enters the second phase, with a new and larger tonnage, attracting the Greek interest among others. Qatar aims to increase its liquefied…

12 German shipping companies to ‘dock’ in Piraeus

Twelve German companies from the shipping sector are expected in Piraeus between October 9-12. These are mainly companies with “green” and “smart” services, which aim to drastically reduce the carbon…

Terna Energy: Higher installed capacity by 35% and net profits of 23.8 million euros

The installed capacity of TERNA Energy increased to 1,225 MW at the end of September compared to 905 MW at the end of 2022, following the completion of the installations…

Athens stock market shows signs of ‘arrhythmia’

The Athens General Index has dropped 10.83% and lost 9 billion euros in capitalization over the last 40 sessions, after the 111-month high (1,345.95 points) recorded on July 25. As…

Prime Minister Kyriakos Mitsotakis addressing the 78th UN General Assembly

Addressing the 78th UN General Assembly, Prime Minister Kyriakos Mitsotakis referred to the main challenges facing humanity, climate change and migration. The Prime Minister proposed the creation of a global…

Eurobank to buyback 1.4% of shares now held by HFSF

Eurobank’s proposal for the buyback of 1.4% of its shares now held by the Ηellenic Financial Stability Fund (HFSF) is expected in the afternoon. Meanwhile, it is estimated that these…

Thursday, 21 September 2023

Chinese footprint in the EU growing

Chinese shipping groups that also manage container terminals are increasing their presence in Europe. Chinese companies made investments in 31 ports in Europe and the Mediterranean at the end of…

Major projects in Piraeus port to boost cruise sector

The major projects in the port of Piraeus, including the continuation of the construction of the new cruise pier, will begin after receiving the relevant permits from the Ministry of…

Optima Bank: Capital Market Commission approves its listing on the Athens stock exchange

The Greek Capital Market Commission approved the initial public offering and listing of Optima Bank’s shares on the Athens Stock Exchange. Under the plan, Optima Bank will issue up to…

Travel receipts hit a record 10.3 billion euros in January-July

Travel receipts hit a record 10.3 billion euros in January-July, according to the Bank of Greece. In July – a very difficult month due to the prolonged heatwave and the…

Jotun Hellas: Aerial Drone Inspection Service

Jotun Hellas- a leading marine coatings solutions provider in the Greek maritime industry for 50 years- introduces its Aerial Drone Inspection Service. This cutting-edge service involves certified and experienced Jotun…

Greece and Germany join forces to highlight the strategic role of shipping

In the context of the European Shipping Summit 2023, the Greek Shipowners’ Association in collaboration with the German Shipowners’ Association successfully organized a joint event in Brussels with the presence…

Insurance companies: 6,011 claims so far after storm ‘Daniel’

According to the Hellenic Association of Insurance Companies, the autopsy and damage recording mechanisms for compensation to the insured households and businesses affected by the storm ‘Daniel’ are proceeding very…

Skrekas announces four measures to combat soaring prices

The Ministry of Development will seek to limit soaring prices by “advertising” the companies that will proceed with price reductions, implementing stricter inspections on prices and announcing the prices of…

Greece-Turkey agreed to continue to work toward enhancing positive climate in relations

Greek Prime Minister Kyriakos Mitsotakis met with Turkish President Recep Tayyip Erdogan in New York, on the sidelines of the 78th UN General Assembly meeting. Mitsotakis stressed the constructive discussion…