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Tuesday, 08 Αυγούστου 2023

The 7 challenges for the government in August

The Finance Ministry’s “to-do list” for the next few weeks is long, both at the financial and political level, in view of the Prime Minister’s speech at the Thessaloniki International…

The value of startups at 8.2 billion in 2022

Greece’s rise in the international ranking of start-ups is one of the goals of Elevate Greece. The value of the Greek ecosystem in 2022 was 8.2 billion euros, according to…

Monday, 07 Αυγούστου 2023

Electrical appliances: Consumer trends changing

Turnover of the electrical and electronics market reached 1.478 billion euros, up 26.6%, in the first half of 2023, compared to the same period last year, according to a GFK…

Fires: 23% of Attica Region burnt in 7 years

Eleven wildfires in the Attica Region from 2017 to the end of July 2023 have destroyed over 55,000 hectares (550,000 stremmas), according to the National Observatory of Athens/meteo.gr based on…

Greece sends two Canadair planes and 20 tonnes fire retardant to Cyprus

Greece sent two CL-415 Canadair planes in response to Cyprus’ request for assistance via the EU Civil Protection Mechanism to fight a wildfire in Limassol, according to an announcement on…

Athens stock exchange: General index ended slightly higher

Greek stocks ended slightly higher on the Athens Stock Exchange with the general index rising 0.09% at 1,320.65 points. The Large Cap index fell 0.07% while the Mid Cap index…

Dendias, Gallant discuss deepening of strategic defense relationship between Greece and Israel

The deepening of the strategic defense relationship between Greece and Israel dominated National Defense Nikos Dendias’ official visit to Israel. Dendias met on Monday with his Israeli counterpart Yoav Gallant.…

Crude oil tankers construction steams ahead

The construction of crude oil tankers is on an upward trend this year, with Greek shipowners leading the deals. According to a report by the Braemar shipping services company, orders…

Greece: Second in government spending on Research and Development

Greece ranks second in the European Union in terms of government spending on Research and Development during the period 2012-2022, and is now the sixth country among the “27” in…

Inflation resurgence fears

Τhe Finance Ministry is concerned over the possibility of new inflationary pressure after the summer. The downward trend of the harmonized price index was reversed in July. However, the Hellenic…

Greece’s public debt ‘out of the picture’

The downgrade of the US credit rating brought the issue of “public debt” to light. However, Greece seems to remain unaffected for three reasons. Investment grade status The government is…

Star Bulk Carriers: One billion dollars in dividends from 2021

Star Bulk Carriers has returned to shareholders over 1 billion dollars, from 2021 to date. The company’s CEO Petros Pappas noted that the company announced a net profit of 44.3…

GasLog: Higher profits in the second quarter and new charters

GasLog, owned by Peter Livanos, recorded enhanced economic figures in the second quarter of this year while analysts are predicting that the freight rates for LNG carriers will further increase…

Sunday, 06 Αυγούστου 2023

Evalend Shipping enters LNG carriers

Evalend Shipping, owned by Kritons Lentoudis, is a new company entering the market of LNG carriers, placing a record order at the South Korean shipyard HD Hyundai Heavy Industries. In…

Saturday, 05 Αυγούστου 2023

Competition Commission: ANEK-ATTICA deal gets the green light

The Plenary Session of the Competition Commission gave the green light for the merger of the ATTICA group and ANEK. The agreement was approved under the provisions on rescue of…

Friday, 04 Αυγούστου 2023

Systemic banks: Their strengths and weaknesses

Systemic banks are restructuring their targets at many levels and trying to focus on a specific field of activities in which they can distinguish themselves in order to have significant…

Fitch downgrading US credit rating triggers concerns over economic support measures and public debt

Fitch has recently downgraded the US credit rating triggering concerns over the economic support measures worldwide and the issue of “public debt”. Meanwhile, in Europe, both the European Central Bank…

Economy Ministry seeks to increase ‘Greece 2.0’ program by 5 billion euros

The Economy and Finance Ministry seeks to increase the budget of the Recovery and Resilience Facility (Greece 2.0) by 5 billion euros, with Alternate Minister Nikos Papathanasis expected to submit…

US Coast Guard: Renewal of Greece’s participation in QUALSHIP-21 Initiative

The Ministry of Maritime Affairs and Insular Policy announced that the US Coast Guard has informed Greece on the completion of the renewal of Greece’s participation in the “QUALSHIP 21”…

Finance Ministry: Debt servicers’ bill to be ready by autumn

The Ministry of Economy and Finance is speeding up procedures so that the bill for debt servicers will be ready by the end of autumn. The bill will harmonize Greek…

PPC: Accelerating the deployment of renewable energy sources

Public Power Corporation (PPC) places special emphasis on enhancing renewable energy sources in its portfolio, according to its planning presented by the president and managing director of the company, George…

United Maritime Corporation: Second investment cycle with focus on bulk carriers

United Maritime Corporation, owned by Stamatis Tsantanis, consolidates its presence as a “pure player” in dry cargo, after the quick and successful venture in the tanker market. More specifically, the…

D-Marin: Committed to providing high-quality standards

D-Marin announced its role as Safety Ambassador for the Hellenic Marine Environment Protection Association (HELMEPA). This specific role is yet another practical proof of the D-Marin Group’s commitment to complying…

SKY express: Direct flights to Frankfurt, Dusseldorf and Warsaw

SKY express will launch direct flights to three strategic European airports, enriching its flight schedule to Germany adding Frankfurt International Airport (FRA), the largest airport in Germany and the third…

Thursday, 03 Αυγούστου 2023

Seanergy: Profitability despite volatile market climate

Seanergy Maritime Holdings accelerated in the second quarter of 2023. Despite the fact that the capes market was under pressure, the company managed to outperform its fleet by 20% in…

OTE Group: Revenues up 2.4% in Q2 2023

OTE Group announced positive results in the second quarter of 2023, with revenues up 2.4% and adjusted EBITDA up 0.9%. OTE said subscribers were up 7%, reaching 65% penetration. “We…

Mitsotakis, El-Sisi reaffirm Greece-Egypt strategic relation

Prime Minister Kyriakos Mitsotakis and Egyptian President El-Sisi reaffirmed the strategic relationship between Greece and Egypt as well as the will to further upgrade it, as the Greek Prime Minister…

The new landscape for tankers

The changes caused in the commercial routes of the tanker market by the Russian-Ukrainian war and the consequent sanctions are here to stay. Several new shipping companies that have emerged…

NBG: Greek tourism is on track for a new arrivals record

Greek tourism is on track for a new arrivals record, surpassing the “golden” year of 2019, according to a study by the Directorate of Economic Analysis of the National Bank…

Passenger traffic at Athens airport ‘took off’ in July

Passenger traffic at the Athens airport increased in July, totaling 3.29 million, up 16.1% compared with the same month last year and up 10.5% in comparison with July 2019. Both…