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Tuesday, 22 July 2025

Reductions or even abolition in bank charges and commissions

The new charges from banks and ATM providers are expected to be implemented in August, following the intervention of the Minister of National Economy and Finance, Kyriakos Pierrakakis, who is…

Greece introduces new cruise passenger fee

Passengers who disembark from a cruise ship at a Greek port will be charged a special fee, which will amount to 20 euros per person for the ports of Mykonos…

Technology presents numerous investment opportunities

Greece is becoming an attractive investment destination in the technology sector, as shown by the data of the recent EY study. The analysts recorded an improvement in the qualitative composition…

Major public projects at a standstill amid lack of funding

Activity in the tenders for major public works remains at low levels, while several tenders for important infrastructure – both road and metro projects – have been “stuck”, due to…

Monday, 21 July 2025

METLEN and Copec EMOAC sign 15-year PPA for renewable energy

METLEN has signed a 15-year Power Purchase Agreement (PPA) with Copec EMOAC, for the supply of renewable electricity from four solar plants in METLEN’s Chilean portfolio, according to the announcement.…

Greece trails Europe in wage increases

Greece is at the bottom of the EU in terms of GDP per capita and purchasing power. It is also at the bottom in terms of wage increases, which explains…

Diana Shipping acquires 7.7% in Genco Shipping

Diana Shipping Services has been making well-considered and risk-calculated investments over the last three years. The latest move is the entry, with a 7.7% stake, in Genco Shipping, also listed…

IPTO: European Energy Commissioner visits critical infrastructure in Attica

The Converter Station of the Crete-Attica electrical interconnection and the upgraded 400 kV Koumoundouros Extra High Voltage Center, in Aspropyrgos, Attica, were inspected by the European Commissioner for Energy and…

Eurobank’s egg hub is an innovation accelerator

Greece’s start-up ecosystem is changing significantly with the operation of the egg hub, a Eurobank initiative for multi-level support of innovative business activity that has been in operation for 12…

Athens Stock market: 9-month performance leading above 2,000 points

The Athens Stock Exchange has paved the way for achieving its 9th consecutive month of gains, with the General Index maintaining a steadily positive trajectory from last November until today,…

Air and sea transport first in line for green fuels

European Community Shipowners’ Associations (ECSA) and Airlines for Europe (A4E) are calling, in a joint letter, for priority to be given to the production and availability of affordable green fuels…

Games of Chance: Greek market’s revised turnover reached 6.7 billion in Jan-May

The Hellenic Gaming Commission announced an increase in the adjusted turnover of the gambling market. According to the Commission’s data, the adjusted TGR turnover in legal gambling amounted to 6.7…

JTI: Strong financial figures; consolidation in the domestic market

Japan Tobacco International (JTI)  announced improved financial figures and further consolidation of its position in the domestic market. In particular, during the previous financial year, JTI’s turnover amounted to 834.9…

How the Greek summer heats up inflation

With very large price increases in unprocessed foods and service prices—including rents for primary residences—soaring, Greece ranks 7th among European countries with the highest inflation for the month of June.…

Friday, 18 July 2025

COSCO seeks further upgrade of Piraeus port

Senior executives of COSCO Shipping expressed their strong interest in further strengthening the position and role of Piraeus – the largest port in Greece and one of the largest European…

EU Budget: Greece to receive 49.2 billion

In a period of intensifying geopolitical pressures, increased migratory flows and social inequalities, the European Union presented the proposal for the Multiannual Financial Framework (MFF) 2028–2034 and how it intends…

PPA awarded as “Sector Leader – Port Authorities” at the “Protagonists of the Greek Economy” Awards

PPA S.A. has received a significant distinction for its valuable contribution to the development of the Greek economy, during the awards ceremony of the “Protagonists of the Greek Economy,” organized…

Tourism: Strengthening of Greece-Italy cooperation in 4 sectors

A tourism cooperation protocol was signed in Rome by Tourism Minister Olga Kefalogianni and her Italian counterpart, Daniela Santanchè. Its purpose is to update and modernize the 1986 bilateral Agreement.…

IOBE sees growth at +2.2% in 2025; concerns over inflation

The Foundation for Economic and Industrial Research (IOBE) has maintained its estimate for growth at +2.2% for 2025, according to its quarterly report on the Greek economy. For 2026, IOBE…

Span Group: Expansion to Greece, Cyprus, Malta

The international IT company Span has established Span Hellas, with the aim of expanding its presence in Greece, Cyprus and Malta. According to the company, this move reflects its confidence…

DESFA: Three major gas projects position Greece as a transit hub to the North

Three major projects are expected to be completed in the current year, aiming to enhance the operation of the national natural gas transmission system both domestically and regionally, with Greece…

Supermarkets: Turnover up 7.9% thanks to fast-moving consumer goods

Τhe organized food retail sector recorded growth trends in the first half of the year, with total turnover increasing by 7.9% compared to the corresponding period of the previous year.…

PPC: New subsidiary PPC Trading – Strengthening its position in international energy markets

The establishment of PPC Trading, a newly formed 100% subsidiary of PPC Group, marks a strategic move to reinforce the Group’s presence in energy trading across Southeastern Europe and international…

Aegean invests 4.0 billion euros in 60 new aircraft – Direct flights to India starting in 2026

Aegean Airlines announced an investment program totaling 4 billion euros to strengthen its fleet with 60 new Airbus A320/A321neo aircraft by 2031, aiming to enhance its transatlantic capabilities and expand…

Thursday, 17 July 2025

M/MARITIME: Top position in the Risk4Sea assessment

M/MARITIME secured the top position in the most recent Risk4Sea ranking of the world’s leading ship managers. This recognized list, which evaluates over 50 top companies, highlights those with the…

Paval Holding acquires Praktiker Hellas – Strategic entry into the Greek DIY market

Romania’s Pavăl Holding, owner of leading home improvement retailer Dedeman, announced the acquisition of Praktiker Hellas. As emphasized in the relevant announcement, “Praktiker Hellas is entering a new phase, following…

Euronext preparing improved offer for the Athens Stock Exchange

The announcement of Euronext’s improved bid for the acquisition of Hellenic Exchanges – Athens Stock Exchange (ATHEX) is a matter of days, with the European stock exchange aiming to complete…

Threefold strategy to boost domestic and foreign investment Inflows

Greece’s effort to attract new investments and to bridge the investment gap created during the prolonged crisis and the bailout programs is moving along three directions. These are:the stimulation…

Greece ranks third in EU poverty rates

At least 11 EU countries have recorded an increase in poverty rates over the past three years. Women and young adults face a higher risk of poverty or social exclusion.…

Skaramangas Shipyards and TKMS sign MoU for submarines

A Memorandum of Understanding (MoU) between the German company TKMS (Thyssenkrupp Marine Systems) and Skaramangas Shipyards, regarding the implementation of a Mid-Life Upgrade (MLU) program for Greek submarines, was signed…