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Tuesday, 12 September 2023

Thessaly: The banks’ plans to prevent an “explosion” of bad loans

Bad loans are not expected to exceed 2 billion euros following the damage Thessaly suffered while efforts are being made so that they are set even lower, Greece’s credit institutions…

Maran Gas taking action to render LNG ‘greener’

Maran Gas, the LNG arm of Maria Aggelikousis’ shipping group, took an action to make liquefied natural gas as a fuel for ships “greener”. The company will integrate the SlipPure…

Rally in apartment prices – 13.9% jump in the second quarter

Apartment prices recorded a double-digit increase in the second quarter of 2023, according to the data announced by the Bank of Greece. As it turns out, the prices of both…

The development of the vertical corridor paves the way for natural gas flows from South to North

DESFA, National Natural Gas Transmission System, took an initiative to advance the project of the vertical corridor, which, if implemented, will make natural gas flows from South to North-from Alexandroupolis…

Ursula von der Leyen: Europe on Greece’s side – Over 2 billion euros to deal with disasters

The President of the European Commission Ursula von der Leyen stated in her joint statements with Greek Prime Minister Kyriakos Mitsotakis that she was shocked by the disasters in Greece…

The so-called ‘greedinflation’ under the microscope of the Competition Commission

Greece is in fourth place among 25 countries of the European Union in terms of the effect of business profits on inflation, according to the analysis of the Competition Commission.…

EuroDry acquires four bulk carriers; total cost estimated at 86 mln dollars

A large deal for the purchase of used bulk carriers was reportedly closed by EuroDry, confirming what the Chairman and Chief Executive Officer of the company, Aristides Pittas, said after…

Triple blow for Greek economy from the catastrophic floods

The Greek economy has received a “triple” blow from the catastrophic floods with the financial staff trying to estimate its cost as quickly as possible in view of the submission…

Greece-China cooperation conference on shipping finance

The Export-Import Bank of China offers financing and guarantees for the construction of more than 100 ships of Greek interests, the president of the bank, Ren Shenguin, said in an…

Mitsotakis in Strasbourg on Tuesday to meet Metsola, Ursula von der Leyen

Prime Minister Kyriakos Mitsotakis will visit Strasbourg on Tuesday to meet with European Parliament President Roberta Metsola, at 09:30, who expressed her solidarity with Greece. “Greece has been particularly devastated…

Monday, 11 September 2023

TIF-Helexpo president: The loss from the cancellations estimated at 50 mln euros

The Thessaloniki International Fair (TIF) is held this year in the shadow of the national tragedy that unfolded in the areas affected by the floods and fires. Despite the cancellations,…

Greece ranks last in quality of employment

A large number of young, educated people choose to live and work abroad in order to make their professional dreams come true. Greece, based on official indicators, is in the…

Uncertainty over alternative fuels

Asked about the use of alternative fuels, Nikos Tsakos, head of Tsakos Energy Navigation, said: “Well, that’s a one-billion-dollar question.” It is clear that the decarbonisation process for the shipping…

DESFA: Implementation of the South-North natural gas corridor

DESFA, the Hellenic Gas Transmission System Operator, organized a working meeting for the Natural Gas Vertical Corridor in Thessaloniki, with the participation of the companies Gastrade, ICGB, Bulgartransgaz, Transgaz, FGSZ…

Gentiloni: Greece’s return to the investment grade “good news”

Greece’s return to the investment grade status is “good news”, EU Commissioner Paolo Gentiloni said on Monday. “The fact that Greece returned to the investment grade is good news, for…

Shipping Minister Varvitsiotis resigns after “Blue Horizon” incident

Shipping Minister Miltiadis Varvitsiotis submitted his resignation, stressing that “my political path and my personal dignity require me not to remain in the position.” Varvitsiotis will be replaced by Christos…

Never ending nightmare – The journey of “Naftemporiki” to flood-stricken Thessaly

Houses, crops, animals, equipment, a lifetime’s work and dreams. Everything buried under tons of water and mud. Total destruction. The desperation reflected on the faces of the residents and their…

Greece a champion in energy subsidies – Can the government withdraw them?

Greece is a “champion” in Europe in terms of the measures taken to mitigate the effects of the energy crisis, having spent 8.5% of GDP, according to a survey by …

AADE determined to put an end to fake receipts with the use of QR Code

On November 1, the Greek Independent Authority for Public Revenue (AADE) will put an end to the fake receipts, as, in view of the interconnection of POS with cash registers,…

DBRS upgrades Greece to investment grade status

DBRS upgraded Greece’s credit rating to investment grade status. The rating agency has upgraded the Greek debt to BBB (low) from BB (high), an investment grade status. The trends on…

Friday, 08 September 2023

Kikilias: Death toll rising to 10; 4 missing

The death toll from the storm ‘Daniel’ has risen to ten, Minister of Climate Crisis and Civil Protection, Vassilis Kikilias, said on Friday, adding that four people are still missing…

SEVE: Exports down 14.5% in July 2023

Greek exports recorded a drop, according to the provisional data announced by the Hellenic Statistical Authority on Thursday and processed by the Hellenic Federation of Enterprises (SEVE), both in July…

Greece’s annual inflation rate rises to 2.7% in August

Greece’s annual inflation rate rose to 2.7% in August compared with 2.5% in July, according to the Hellenic Statistical Authority. Despite price reductions in energy, significant price increases were recorded…

Erasmus Shipinvest Group: Two more LPG carriers

Erasmus Shipinvest Group, the company founded in 2010 by Chinese interests and located in Vouliagmeni, is rapidly growing in the LPG carrier industry. According to information, the shipping company recently…

Mitsotakis: We will do everything possible to help the flood-stricken

“We will do whatever it takes. I will also mobilize all the available EU funds so that we can have additional support, in order to cover the compensation needs of…

Prime Minister Mitsotakis at the coordination center set up in Larissa

Prime Minister Kyriakos Mitsotakis will visit the flood stricken areas of Thessaly on Friday in order to be informed about the disasters, carry out an autopsy and get informed about…

CLIA: Investments of more than 60 billion in new generation cruise ships

Companies- members of the Cruise Lines International Association (CLIA) have made investments of 62 billion dollars since 2019 for 44 new cruise ships, which will be delivered within the next…

87th TIF opening its gates on Saturday with changes in its schedule

The 87th Thessaloniki International Fair (TIF) will open its gates on Saturday without, however, the participation of Prime Minister Kyriakos Mitsotakis. A series of events have already been canceled as…

Fiscal cost for the compensation of flood-stricken to amount to hundred million euros

The direct fiscal cost for the compensation of those affected by the catastrophic floods of the last few days, as well as for the immediate restoration of public infrastructure, is…

Tsakos Energy Navigation: Order book for new “green” ships soars

The order book for new “green” ships of Tsakos Energy Navigation reached double digits, while profits recorded significant growth in the first half. More specifically, the company listed on the…