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Monday, 04 September 2023

Greece among the countries with the highest cost of milk, cheese, eggs

Greece ranks first among the 27 EU countries with the highest prices in the food category, especially in milk, cheese, and eggs, according to a survey by the Competition Commission.…

Grece, Cyprus and Israel strengthening their cooperation

The leaders of Grece, Cyprus and Israel expressed their commitment to strengthening the dynamic cooperation of the trilateral partnership platform in the joint statement they signed after the 9th Trilateral…

Fincantieri: Expanding activities in Greece

The Italian shipbuilding group Fincantieri is aiming to expand its activities in Greece, through the Elefsina Shipyards, while also planning wider cooperation with domestic manufacturers of marine equipment. As company…

Real estate: The descent of the Balkan buyers

Bulgaria has recorded increasing interest in the real estate market of Northern Greece, while demand has also increased on the part of Turkish citizens, mainly for Thessaloniki. Bulgarian citizens, according…

Papastergiou: gov.gr ‘presses enter’ on Artificial Intelligence

Artificial Intelligence and its use to the benefit of citizens emerges as one of the priorities of the Digital Governance Ministry. “The first version of gov.gr with Artificial Intelligence will…

Tsakos Energy Navigation: Attractive freight rates increasing its profit

Tsakos Energy Navigation released attractive rates for its new charters concerning both tankers and LNG carriers. For example, the LNG carrier “Neo Energy” (capacity 150,000 cubic meters and built in…

Intralot: Taking advantage of business opportunities internationally

Intralot, an international gaming solutions and operations leader, is taking advantage of the business opportunities presented in the sector in which it operates internationally and in particular in the US…

Mitsotakis in Cyprus for Trilateral Summit Greece, Cyprus, and Israel

Prime Minister Kyriakos Mitsotakis will visit Cyprus on Monday to participate in Greece, Cyprus, and Israel’s Trilateral Summit to be held in Nicosia. At 10:00 Mitsotakis will meet in private…

Friday, 01 September 2023

Strengthening the cultural cooperation between Greece and Cyprus

Minister of Culture Lina Mendoni had a working meeting with the Deputy Culture Minister of the Republic of Cyprus, Lina Kassianidou, who is paying a three-day visit to Athens. The…

Navios Maritime Partners: New deal for two newbuild tankers

Navios Maritime Partners of Angeliki is expanding its new shipbuilding program, turning its eyes upon the tanker market. As the listed company announced in a note to the US Securities…

HelleniQ Energy sees 1 billion euro EBITDA in 2023

HELLENiQ ENERGY Holdings S.A. chief executive officer Andreas Shiamishis estimated that operating profitability (adjusted EBITDA) will reach 1 billion euros in 2023, noting that this performance will be the second…

The course of the freight market for LNG carriers puzzles

The workers’ strikes at facilities in Australia could cause problems in the LNG freight market, as freight rates have climbed above $100,000 a day on the spot market. Workers at…

Recovery Fund: Resources for small and medium-sized enterprises strengthened by 5 billion euros

As the cost of money has soared due to successive interest rate hikes by the European Central Bank, hundreds of small and medium-sized businesses are turning to the Recovery Fund…

Lower container traffic in Europe; only Piraeus and Gioia Tauro ports recorded an increase

Lower container traffic was recorded in 13 out of 15 leading ports of Europe in the first half of 2023 due to low demand and the effects of the Russian-Ukrainian…

Mitsotakis meets Meloni; focus on energy cooperation and migration

Prime Minister Kyriakos Mitsotakis met with his Italian counterpart, Georgia Meloni, at the Maximos Mansion late on Thursday. The two leaders discussed the deepening and expansion of the already strong…

Green light’ for the sale of the Astir I NPE portfolio

Attica Bank announced that it signed an agreement with investment funds managed by AB CarVal Investors, L.P. for the sale of the entire portfolio of Astir I securitization, with a…

Thursday, 31 Αυγούστου 2023

Six new ultramaxes sailing with ammonia – hydrogen

The project for the construction of six modern cargo ships which will use the technology of splitting ammonia into hydrogen and using it as a propulsion system through fuel cells…

Greek Merchant Fleet slightly down in June 2023

The Greek Merchant Fleet decreased by 0.8% in June 2023 compared with June 2022, according to the Hellenic Statistical Authority (ELSTAT). A decrease of 0.2% was recorded in June 2022…

Proposal of revised National Recovery and Resiliency Plan “Greece 2.0” submitted to EU Parliament

The proposal for the revision of the National Recovery and Resiliency Plan “Greece 2.0” was submitted to the European Commission on Thursday including the new package of investments and reforms…

Eurozone: High inflation, debt bomb and deindustrialization

The consumer price index in the eurozone did not slow in August with average annual inflation in the 20 eurozone countries remaining at 5.3%, well below the European Central Bank’s…

China’s economic slump rippling across the world

China’s economic slowdown has raised concerns all over the world. The year 2023 was expected to be the year of the Chinese economy, and it was expected to support global…

Οrderbook for LCO2 carriers soars

The carbon capture market is growing as orders for liquefied CO2 carriers are on the rise while Greek shipowners are expected to play a central role in this emerging industry.…

Door to door service between Greece and China

Shipping giant Cosco will launch a faster “door to door” transport service between China and Greece, further strengthening the freight relations between the two countries. The new service, called “Talent…

New round of contacts for Greek banks

A new round of contacts opens for the future of the banks since they are about to pass to the private sector over the next two years. Changes in the…

Eurobank increases stake in Hellenic Bank to 55.3%

Eurobank announced the conclusion of agreements for the acquisition of a 7.2% stake in Hellenic Bank. More specifically, following its August 23 and August 25 announcements, Eurobank, a subsidiary of…

Kefalogianni meets Japanese Ambassador ahead of Greece-Japan Year of Culture and Tourism

Tourism Minister Olga Kefalogianni met with the Japanese Ambassador, Nakayama Yasunori, ahead of the Greece-Japan Year of Culture and Tourism 2024. Kefalogianni referred to the strengthening of tourism cooperation between…

Wednesday, 30 Αυγούστου 2023

National Energy and Climate Plan marks Greece’s determination to switch to green energy

The new National Energy and Climate Plan signals Greece’s ambition for new technologies that are considered important links in the “chain” of the green transition, such as hydrogen production and…

Semiramis Paliou entering tanker market through OceanPal

Semiramis Paliou is entering the tanker market through OceanPal, which was launched in 2021 as a spin-off of Diana Shipping and is listed on the US stock exchange. Paliou has…

Barilla Hellas: Significant increase in 2022 revenue

Barilla Hellas’ profitability will be mainly affected by operating costs this year while revenues are expected to show stability, according to the company. Pressure on operating costs, mainly because of…

HelleniQ Energy signs binding agreement for the acquisition of photovoltaic parks in Kozani

As part of the Vision 2025 strategic transformation plan, HELLENiQ ENERGY Holdings S.A. announced that its 100% subsidiary, HELLENiQ Renewables, has signed a binding agreement for the acquisition of photovoltaic…