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Wednesday, 20 September 2023

Latsco Marine: Agreement to build three bulk carriers in Japan

Latsco Marine is expanding its shipbuilding program as it has signed an agreement with the Japanese shipyard Oshima Shipbuilding for the construction of three bulk carriers of 64,000 dwt each.…

Shipping: Four scenarios for decarbonization

Collaboration and innovation are the keys to the shipping industry’s goal of decarbonization. A different course would fragment trade and would signal failure in the face of the climate change…

PPA: “Company of the year” at the 6th Infrastructure and Transport Conference

The “Company of the Year” award was received by the president of Piraeus Port Authority (PPA), Yu Zenggang, on behalf of the company, during the 6th Infrastructure and Transport Conference,…

Foreign rating agencies upgrade Greek banks

Moody’s upgraded two of the Greek banks, Eurobank and National Bank, to investment grade, before upgrading the Greek economy. These two banks achieved investment grade in their core rating which…

Quest Group: Expanding its corporate structure

The Quest Group has recently set up a new company, RETAILCO Hellenic, thereby expanding its corporate structure, while also preparing the ground for group-related business activities. As the group’s officials…

Direct electrical connections to central Europe for better utilization of green energy

“If we do not reach the major consumption centers of Europe, we will not be able to export the energy we produce,” the vice-president and general director of Technology, System…

Wind in the Sails: Open Greek-Chinese dialogue organized by Naftemporiki and CGTN

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.…

Mixed messages on the dry cargo market

Shipping analysts seem divided on the course of the freight market of bulk carriers, which has been experiencing intense volatility since the beginning of this year, having fallen significantly from…

Mitsotakis to meet Erdogan on Wednesday afternoon; Greece’s ‘red lines’

Prime Minister Kyriakos Mitsotakis is expected to meet with Turkish President Recep Tayyip Erdogan, on Wednesday, at 18:00 (Athens time), on the sidelines of the UN assembly. This is the…

Stubborn food inflation keeps basic product prices high

Food inflation in Greece stood at 10.8% in August compared to 10.2% in the eurozone, with the amount of price increases in several basic products being significantly higher in our…

Tuesday, 19 September 2023

Hatzidakis details economic policy axes

Economy and Finance Minister Kostis Hatzidakis announced that the ministry will adopt four main axes for economic policy – including new measures amounting to one billion euros to support incomes.…

Problems in the supply chain due to damage on railway network

Disruptions on the railway network connecting the port of Piraeus with Northern Greece, near Thessaly, due to the serious damage caused by the recent storm “Daniel”, have caused serious problems…

Creating a more competitive environment for the banks

The government is trying to create a more competitive environment for the banks so that financing is made available towards other directions. In reply to a question raised by “Naftemporiki”,…

Development Ministry takes further measures to contain prices

The Ministry of Development will demand from businesses to submit documents that justify the price increases, as part of its effort to control speculative moves. According to “Naftemporiki” sources, the…

Οlive oil: Prices soaring over 100%

Global olive oil prices soared to new record highs in September as severe droughts in major producing countries cut supplies. Olive oil prices have risen to 8,900 dollars per tonne,…

Thessaly floods ‘hit’ cheese production, leading prices higher

It is estimated that the catastrophic flood in Thessaly will cause a reduction in domestic feta production by 10%-15%, which will have a direct impact on prices and consumption. Domestic…

Large-scale changes expected in the shipping sector

Large-scale changes are expected in major ports as a result of the climate change, a rise in the percentage of female employers in the industry and the dominance of African…

Ports: Positive data for passenger traffic and movement of goods on Q1

The total passenger traffic in Greek ports recorded an increase of 16.5 % in the first quarter of 2023 compared with the first quarter 2022, according to the Hellenic Statistical…

Winter – strikes increase LNG freight rates

The charters of LNG carriers in the spot market increased by more than 30% in about two weeks. Meanwhile, the strikes continue in Australia, while problems were also recorded in…

Government mulling measures to limit the use of cash

The Ministry of National Economy and Finance is planning to impose further restrictions on the use of cash in financial transactions. The ultimate goal of this plan is to further…

Monday, 18 September 2023

“Antonis I Angelicoussis”: First LNG dual-fuel tanker certified by Green Award Foundation

Maran Tankers’ super tanker “Antonis I Angelicoussis” is the first of the tankers to run on LNG dual fuel and was certified by the Green Award Foundation. The vessel is…

New tanker orders of 6.9 billion dollars

Greek shipowners continue the renewal of their tanker fleet, which started at the beginning of 2022. They have received more than 2.5 billion dollars for old tankers, while they have…

Container traffic to Europe recovering

The handling of containers from the two terminals of the Piraeus Container Terminal (PCT) was on a positive track in the eight months of 2023, as a result of the…

2023 Budget: ‘Daniel’ is likely to negatively impact the coming months

The State Budget balance presented a deficit of 103 million euros, on a modified cash basis, for the period of January-August of 2023, according to the preliminary data available for…

Staikouras: Immediate restoration of the damage in the affected areas

Minister of Infrastructure and Transport, Christos Staikouras, presented a series of actions launched by the ministry to deal with the damage caused by the unprecedented floods in the aftermath of…

Five members of Greek humanitarian mission to Libya killed

Five members of the Greek humanitarian mission to Libya have lost their lives, according to the Hellenic National Defence General Staff. More specifically, three officers of the Armed Forces and…

Confluence Challenge: 10+1 Challenges from Alumil, Isomat & KLEEMAN for researchers and startups

Three large industries Alumil”, “Isomat” and “Kleemann” invite researchers and startups to respond to the modern challenges faced by their industries and change the landscape with this initiative in the…

Kasselakis wins first round of SYRIZA-PA leadership elections with 45.47%

Stefanos Kasselakis was the winner of the first round of SYRIZA-Progressive Alliance elections receiving 45.47% and 51,615 votes with 90.13% of the votes counted, followed by Effie Achtsioglou who received…

Sunday, 17 September 2023

Mitsotakis: Everything on the table for a new tax framework

“Everything is on the table,” Prime Minister Kyriakos Mitsotakis said in response to a question raised by “Naftemporiki” about the government’s plans for a new tax framework for the self-employed…

Prime Minister Mitsotakis addresses key issues at 87th TIF

Prime Minister Kyriakos Mitsotakis presented the government’s main priorities during the press conference at the 87th Thessaloniki International Fair (TIF). Mitsotakis made it clear that he has absolutely no intention…