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Friday, 25 Αυγούστου 2023

State Budget: Primary surplus of 3.6 billion euros in January-July 2023

According to the data available for the execution of the State Budget on a modified cash basis, the State Budget balance for the period of January – July of 2023…

Pavlidis Marble-Granite acquires 100% of Dolit Investments

Pavlidis Marble-Granite has returned to Christoforos Pavlidis. According to the announcement, the acquisition of 100% of DOLIT INVESTMENTS by Christoforos Pavlidis was completed, marking the reacquisition of all the companies…

Modi landed to Greece: Looking forward to deepening of our friendship

“Looking forward to a productive visit to Greece aiming at the deepening of the friendship between Greece and India,” Prime Minister of India, Narendra Modi said in a post on…

Narendra Modi in Greece: What does his visit signify?

The first visit of an Indian Prime Minister to Greece in 40 years is held on Friday, with economic issues dominating the agenda. According to government sources, the visit of…

The upward trend of electricity prices

By George Atsalakis Economist, Associate Professor at the Technical University of Crete, Data Analysis and Forecasting Laboratory The production of electricity from oil cost about $120 a barrel in 2012,…

Thursday, 24 Αυγούστου 2023

A Frontex drone crashed in sea area southeast of Crete

A Heron-type drone belonging to the European organization Frontex crashed in a sea area 70 nautical miles southeast of Crete. The unmanned aircraft was on a surveillance mission in the…

Copernicus: The fire on the Evros is the biggest recorded in Europe for years

The rapid mapping team of Copernicus has delivered a monitoring product for the large wildfire burning in Thrace Region. According to an analysis of data by the European agency Copernicus,…

Kikilias: Arson attempts made on Mt Parnitha

Nine attempts for arson have been made on Mt Parnitha in Avlona area since 8 am, Minister of Climate Crisis and Civil Protection, Vassilis Kikilias, said on Thursday. Kikilias sent…

Globus Maritime: New order for two newbuild bulk carriers

Globus Maritime Limited’s investments in newly built ships have exceeded 180 million dollars. Τhe US-listed company has recently agreed with a Japanese shipyard to build two ultramax bulk carriers (capacity…

The profile of the four consortia interested in the port of Volos

Four bids were submitted to the tender for the acquisition of a majority stake of at least 67% in the share capital of the Volos Port Authority, the Hellenic Republic …

Blazes ravage Greece; Fire in Mt Parnitha out of control

Firefighting operations continued in Mt Parnitha throughout Wednesday night to prevent the rekindling of fire pockets. Although the fire had abated in the evening, strong winds started blowing in the…

Greek shipping companies expanding in new markets

Several shipping companies have proceeded with significant investment exposure in markets that extend beyond their traditional field of activity. Costamare’s move by Kostis Konstantakopoulos to extend to dry bulk carriers…

Indian businessmen expected in Athens on Thursday for B2B contacts

More than 20 Indian businessmen are expected to arrive in Greece on Thursday to hold B2B contacts with Greek entrepreneurs, while the Prime Minister of India, Narendra Modi, is coming…

Wednesday, 23 Αυγούστου 2023

HRADF: 4 offers for the port of Volos

Four bids were submitted to the tender for the acquisition of a majority stake of at least 67% in the share capital of the Volos Port Authority, the Hellenic Republic …

India’s PM Modi in Athens on Friday; Greece’s expectations

The visit of Indian Prime Minister Narendra Modi to Athens on Friday opens a window for further strengthening trade, business, investment and also defense relations. Narendra Modi will be in…

Eurobank acquires 17.3% in Hellenic Bank

Eurobank announced the acquisition of 17.3 percent (71,428,572 shares) in Hellenic Bank for 167.9 million euros or 2.35 euros/share. The completion of the acquisition is subject to customary regulatory approvals.…

Dimand to reconstruct major part of Minion department store

Dimand is expected to complete the reconstruction of the largest part of the property that for years housed the historic Minion department store in Omonia in the spring of 2024.…

Villages evacuated as wildfires raging across Greece

Firefighters were scrambling to put out the several fronts of fire throughout the night amid strong winds. More specifically, efforts have been focused on preventing the wildfire from approaching the…

Ammonia leading source of energy in the next 30 years

The use of ammonia as marine fuel will become an important source of energy for the world’s shipping fleet within the next 30 years, analysts estimate. According to the estimates…

Encouraging fundamentals in dry cargo; tankers rally

The chief executives of the US-listed shipping companies referred to the course of the markets on the occasion of the second quarter and first half financial results announcements. Their estimates…

Tuesday, 22 Αυγούστου 2023

Very high risk of fire for six regions on Wednesday

A very high risk of fire (risk category 4) is predicted for Wednesday in six regions of the country, according to the Fire Risk Prediction Map issued by the general…

2-billion-euro income support in 2024

The government is examining a series of measures to be implemented at the beginning of the next year to offset pressure from high energy and food prices and boost consumption.…

Fires raging in Fili, Aspropyrgos, Dadia, Alexandroupolis and other areas; 20 dead

Wildfires are raging throughout the country while the death toll rose to 20. A giant operation of the Fire Department is underway in Fyli, as there is concern that the…

Strong demand for “green” offices and logistics spaces

The markets for “green” office spaces and logistics are on a positive track amid high investor interest. According to a survey by Danos, (a member of BNP Paribas Real Estate)…

Mytilineos: Agreement to acquire EfaEnergy for 4.5 million euros

Mytilineos announced on Tuesday the signing of an agreement for the acquisition of all shares of EfaEnergy for 4.5 million euros. The acquisition, the second in August and the fourth…

Greek airports: Passenger traffic up 7.6% in July

Passenger traffic at Greece’s airports rose by 7.6% in July compared with the same month in 2022 and 14.2% up compared with July 2019, according to data released by the…

Food Scale Hub: Innovative program of 6.7 million euros

Impress is a project under the auspices of Horizon Europe, started in May 2023 and focused on the European Bioeconomy and Blue Development strategies, aiming at promoting sustainable and zero-waste…

Mitsotakis, Zelensky sign Joint Declaration on Ukraine’s Euro-Atlantic integration

Greece and Ukraine confirmed their commitment to the latter’s efforts to join NATO, Prime Minister Kyriakos Mitsotakis and Ukraine President Volodymyr Zelensky said in a Joint Declaration on Ukraine’s Euro-Atlantic…

Greece: Wildfires raging out of control in Evros, Rhodope, Kavala, Evia and Boeotia

The fiery nightmare is back burning forests and properties while firefighters are still battling the flames in Evros, Rhodope, Kavala, Evia and Boeotia. Two people lost their lives, one in…

Monday, 21 Αυγούστου 2023

Mitsotakis: Greece stands by the side of the Ukrainians; Zelensky thanks Greece for its support

“A place next to you is a matter of principle for us,” Prime Minister Kyriakos Mitsotakis said on Monday after a meeting with Ukrainian President Volodymyr Zelensky, stressing that by…