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Thursday, 03 Αυγούστου 2023

Dorian LPG more than doubled its profits

The strong demand for mega LPG carriers was reflected in the second quarter results of Dorian LPG. The NYSE-listed company, owned by John Hadjipateras, which manages a fleet of 25…

New tourism industry trends; the impact of weather conditions

One of the most interesting findings of the survey conducted by the European Travel Commission (ETC) was the major influence of weather conditions on Europeans’ vacation decisions. The figures were…

Greek banks: Revamping their strategies to meet their targets

Greek banks are in the process of revamping their strategies following major changes in the sector over the last period. Systemic banks are reforming their targets at many levels and…

The debt settlement program falls short, data show

The citizens’ response to the debt settlement of up to 36 or 72 monthly installments for debts created in the period from 1-11-2021 to 1-2-2023 was low. According to data…

Staikouras: Realistic plan for sustainable and smart transport

“The government’s goal is to establish a realistic plan for sustainable and smart transport, for the benefit of citizens and workers,” Minister of Infrastructure and Transport, Christos Staikouras, stressed following…

Wednesday, 02 Αυγούστου 2023

Varvitsiotis: Shipping sector a national, economic and diplomatic power

Shipping Μinister Miltiadis Varvitsiotis in a post on social media speaks of the benefits of the Greek shipping sector for Greece. Following the annual report of the Union of Greek…

US House of Representatives: Examining possibility of building military bases on Greek islands

Τhe US House of Representatives passed an amendment for the examination of a proposal to build US military bases on Greek islands and enhance the US military presence in general…

Defense: Air Force receives the 10th F-16V

Lockheed Martin and the Hellenic Aerospace Industry announced the delivery of the 10th upgraded F-16 Viper fighter aircraft to the Air Force. The Viper upgrade provides new and enhanced security,…

BoG: Interest rate spread between new deposits and loans shrinks in June

The interest rate spread between new deposits and loans shrank to 5.51 percentage points in June, according to the Bank of Greece (BoG). The weighted average interest rate on new…

Skrekas: Deepening of Greece-Cyprus cooperation with focus on investments

Development Minister, Kostas Skrekas, and the Cyprus President of the House of Representatives, Annita Dimitriou confirmed the will of Athens and Nicosia to strengthen and expand bilateral cooperation, which will…

Economic data that could affect budget execution under the microscope

Six weeks before the opening of the Thessaloniki International Fair (TIF) and two months before the submission of the draft budget for 2024 to the Parliament, the financial staff puts…

Shipping: Multi-speed order book

According to Clarksons latest figures, shipbuilding numbers seem to be varying in different industries. More specifically, certain sectors, such as LNG carriers, containerships, and product tankers of the LR2 (Long…

Dust and Cream: Investment plan of 3.3 million euros

The Northern Greek cosmetics production and marketing company Cream Team ABEE, which develops the Dust and Cream store chain, announced a 25% increase in sales in the first half of…

Hellenic Development Bank: Enhancing businesses’ liquidity

Alternate National Economy and Finance Minister, Nikos Papathanasis, and the CEO of the Hellenic Development Bank (HDB), Athina Hatzipetrou, signed the agreement for the redistribution of resources between the three…

Vivartia: Merger with parent Venetiko Holdings

Vivartia announced that it would merge with its parent company, Venetiko Holdings, following a decision taken during an extraordinary general shareholders meeting. The merger of the two companies will help…

National Bank: Organic profits at 508 million euros in H1

National Bank Group reported organic profits of 508 million euros in the first half of 2023, of which 288 million in the second quarter of the year. “The Greek economy…

Tuesday, 01 Αυγούστου 2023

ΙΟΒΕ: Greek economic sentiment index up

Greek economic sentiment index rose to 111.1 points in July from 110.1 in June, the highest reading in the last 16 months, the Foundation for Economic and Industrial Research IOBE…

ELSTAT: Unemployment rate at 11.1 pct in June 2023

The number of unemployed persons amounted to 523,409 in June 2023, decreased by 60,078 persons as compared with June 2022 (-10.3%) and by 6,234 persons compared with May 2023 (-1.2%).…

DEPA Commercial: Leading developments in the energy sector

DEPA Commercial plays a leading role in major energy projects that transform Greece into an international natural gas hub, while entering into new activities such as power generation. The numerous…

Kikilias: 1,470 fires in July, of which 10 were large and difficult

“July ended with 1,470 fires, of which 10 were large and we dealt with them with great difficulty and a great deal of effort,” Climate Crisis and Civil Protection Minister…

Union of Greek Shipowners: Greek shipping sector remains a world leader

The Hellenic Shipowners Association published its annual report for the period 2022-2023 on the important developments in maritime policy. According to the report, the important and leading role of Greek…

Eurobank: Net profit of 684 million euros in 1H

Eurobank reported “robust” operating performance for the first half of 2023, with net profit of 684 million euros compared with 941 million in the same period last year, mainly including…

AADE: Tax evasion in e-shops

The auditors of the Independent Public Revenue Authority (AADE) recorded extensive tax evasion in online shops (e-shops). More specifically, many shops were found to have sold a large number of…

Piraeus Bank: Net profit of 299 million euros in H1

Piraeus Bank announced strong profits in the first half of 2023 with net profit totaling 299 million euros. Net interest income amounted to 488 million euros in the second quarter…

Food inflation on an upward trend

Food inflation did not even manage to stabilize this month, according to Eurostat’s data announced on Monday. Despite the fact that this year’s July prices are now compared with the…

Apivita: Embrace Longevity

By Nikos Koutsianas  In a world filled with constant change and fleeting moments, let us take a moment to celebrate the concept of longevity. It encompasses far more than just…

Google to “N”: Our artificial intelligence program speaks and understands Greek

AI lovers in Greece now have a new advanced tool at their disposal, the new upgraded version of Bard, the program that is Google’s answer to Open AI’s ChatGPT. Bard…

Monday, 31 July 2023

Intrakat: Sustainability Report for 2022

Intrakat has presented its Sustainability Report for 2022. It is the first report prepared based on the Global Reporting Initiative (GRI) international standard and marks a milestone year for the…

RWE and PPC: Construction of new 280 MWp photovoltaic projects in Western Macedonia

Through the METON ENERGY S.A. consortium, RWE Renewables Europe & Australia, with a 51% stake, and PPC Renewables S.A., with a 49% stake, received the final investment decision for the…

Eurostat: Greece’s inflation up to 3.4% in July

Greece’s inflation rose slightly to 3.4% in July, compared with 2.8% in June, according to Eurostat data. Eurozone inflation stood at 5.3% in July 2023, down from 5.5% in June.…