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Wednesday, 30 Αυγούστου 2023

Varvitsiotis in meeting with Association of Passenger Shipping Companies: We want strong and profitable companies

Shipping & Island Policy Minister Miltiadis Varvitsiotis met with the Association of Passenger Shipping Companies to discuss issues related to the sector. Varvitsiotis referred to the increase of passenger traffic…

Recovery of car sales in Europe, including Greece

Car sales in Europe accelerated in the first seven months of the year after the low levels recorded during the pandemic period. However, sales remain far from the performance of…

Motor Oil sees higher profit in second half

Motor Oil said that its pre-tax profits fell to 358 million euros in the first half of the year while Earnings before Interest, Tax, Depreciation & Amortization (EBITDA) totaled 535…

Six measures to counterbalance lower lending

Banks have taken six measures to counterbalance the consequences of lower credit expansion in both business and housing credit. Credit institutions may show strong profits in the fiscal year, but…

Varvitsiotis and UK Ambassador Lodge discuss bilateral shpping relations

Bilateral shipping relations and migration dominated the meeting  between the Minister of Shipping and Island Policy, Miltiadis Varvitsiotis, and the Ambassador of the United Kingdom, Matthew Lodge. The two officials…

Freight market for oil tankers on an upward trend

Shipping analysts estimated that the freight market for oil tankers will record a long-term upward rally. Greek shipowners have made significant investments in the market over the last two years,…

Tuesday, 29 Αυγούστου 2023

Visa survey: Digital payments boost Greek SMEs turnover

Three out of ten small businesses in Greece have increased their turnover after adopting digital payments, according to a survey carried out at the initiative of Visa, the global leader…

Mytilineos in talks for the acquisition of Imerys Bauxites

Mytilineos released an announcement on Monday regarding reports that it is in talks with Imerys for the acquisition of Imerys Bauxites. According to the announcement, the company is in advanced…

Kefalogianni to “N”: Rendering Greek tourism more humane

“The figures speak of a good tourist year in terms of arrivals and revenues… returning to the pre-pandemic levels,” Minister of Tourism, Olga Kefalogianni, said in an interview with “Naftemporiki”.…

The special conditions of inflation

Credit expansion in Greece and the Eurozone was expected to freeze as the cost of money soared following repeated interest rate hikes by the European Central Bank in order to…

What does Athens expect from the meeting between Mitsotakis and Erdogan in New York?

The meeting between Greek Prime Minister, Kyriakos Mitsotakis, and Turkey’s President, Recep Tayyip Erdogan, has been scheduled to take place on the sidelines of the UN General Assembly in September.…

TIF: What the prime minister will announce

Prime Minister Kyriakos Mitsotakis’ announcements in his speech at the Thessaloniki International Fair (TIF) on September 9 are expected to be within the fiscal capacity of the Greek economy. Emphasis…

Stefanos Kasselakis: The fifth candidate for SYRIZA party leadership

Main opposition SYRIZA-Progressive Alliance member Stefanos Kasselakis announced his intention to run for party leader in a post on social media. Kasselakis has lived and worked in the United States…

Full absorption of Media Markt – The stores are renamed “Public+home”

The close cooperation of the two retail brands Public and Media Markt laid strong foundations for the co-creation of the innovative concept “Public + home”. The CEO of the Public…

POS and other measures to combat tax evasion

Τhe government’s economic staff is planning new measures against tax evasion, after the implementation of the digital platforms, in view of the submission of the second tax bill in parliament…

Monday, 28 Αυγούστου 2023

Economou implements one of the largest Greek shipbuilding programs

The shipbuilding group of George Economou is implementing one of the largest Greek shipbuilding programs. According to VesselsValue’s data shared with “Naftemporiki,” the value of the group’s order book –…

The strong comeback of the cruise sector in Greece

The cruise industry is making a strong comeback in Greece and the first positive results are already available from its major port, which in the first half of the year…

Attica Bank: Loans with favorable terms to SMEs through the Guarantee Fund

Attica Bank is expanding its cooperation with the Hellenic Development Bank (HDB) with its participation in the “Development Law Financial Instrument Guarantee Fund” (DeLFI GF). The action concerns the granting…

Fires: 1.2 billion the total cost for Greece

According to the data of the European Forest Fire Information System (EFFIS), the fires, in addition to the loss of human life and animals, have affected more than 1,500,000 stremmas…

Alpha Bank: Bad loans of 1.5 billion euros to Hoist Finance

Alpha Services and Holdings announced that its 100% subsidiary, Alpha Bank S.A., entered into a binding agreement with Hoist Finance AB (publ) regarding the Project Cell for the sale of…

SMEs resilient to economic difficulties

Small and medium-sized enterprises (SMEs) proved resilient to the difficulties of the economic climate in 2022, proving for one more year that they constitute the basis of Greece’s economic activity,…

Piraeus Chamber: Port of Piraeus is India’s gateway to the EU

The Piraeus Chamber of Commerce and Industry expressed its support for every effort aimed at a wider bilateral commercial and economic cooperation between Greece and India. According to the Piraeus…

Eurobank’s percentage in Hellenic Bank to affect its rating

Eurobank recently acquired a higher stake in Hellenic Bank, but the impact of this move on the credit rating will not be clear for both banks until the closing of…

Software, IT market: Its value exceeds 1.4 billion euros

The software and IT services industry is on track to recover, according to industry companies and specialist analysts. As the data shows from 2014 onwards, with the exception of the…

Shipowner George Economou invests in Performance Shipping

Shipowner George Economou announced his decision to return to the US stock market investing in Greek Performance Shipping, owned by the Paleos family. Economou acquired 1.033 million common shares for…

Greek pharmaceutical industry to enhance economic cooperation with India

The cooperation of the pharmaceutical industries of Greece and India was high on the agenda of the meeting held recently between the Prime Minister Kyriakos Mitsotakis and the Prime Minister…

Friday, 25 Αυγούστου 2023

Meteo: 52% fewer large fires, 195% increase in burnt land this year in Greece

Burnt land in Greece rose by 195% from the beginning of the year until Thursday 24.08.2023 compared to the average burnt land from 2002 to 2022, according to the European…

Sakellaropoulou: Excellent level of relations with India

Greek President Katerina Sakellaropoulou met with visiting Prime Minister of India Narendra Modi. It is noted that it is the first visit of an Indian Prime Minister after 40 years…

Morgan Stanley upgrades Mytilineos target price to 45 euros/share

Morgan Stanley upgraded the target price for Mytilineos to 45 euros/share (a price that incorporates 26% upside) and maintained a buy recommendation. It also said that in a positive scenario…

Mitsotakis meets Modi: Significant possibilities of bilateral trade

“We have the great pleasure of deepening our strategic relationship, Greece is closer to India,” Greek Prime Minister Kyriakos Mitsotakis said during the joint statements with the Prime Minister of…