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Wednesday, 12 July 2023

4 “thorns” in Mitsotakis-Erdogan meeting

We are not doomed to live with Turkey in a constant climate of tension, Prime Minister Kyriakos Mitsotakis said speaking on the sidelines of the NATO summit in Vilnius. The…

Chinese hit record 59% of shipbuilding contracts

According to “Naftemporiki” sources, the Chinese received orders for a total of 428 ships, with a capacity of 10.43 million CGT in the first half of 2023. In other words,…

Helleniq Energy to decide whether to conduct hydrocarbon exploration in Ionio and Block 10 

Helleniq Energy is one step closer to deciding whether or not to conduct exploratory drilling for hydrocarbons in the Ionian and Block 10 offshore areas. This follows yesterday’s announcement by…

Greek mining industry a pillar of growth in 2022

The mining industry can be a pillar of Greece’s growth prospects, as the Greek Mining Enterprises Association pointed out in a letter to  Prime Minister Kyriakos Mitsotakis. However, the Association…

Greece: 48-hour deadline to reduce the cost of ferry tickets

A 48-hour deadline was given to ferry operators to submit their proposals, in order to reduce the price of the ferry tickets for the average Greek family that has suffered…

Tuesday, 11 July 2023

Staikouras: Greece’s 2030 development plan includes 188 projects worth 27.6 billion euros

Infrastructure and Transport Minister Christos Staikouras presented during the “Fin Forum 2023” Conference on Tuesday the emblematic projects included in the Development Plan for Greece 2030 in the field of…

Economic omni-bus bill: Households benefit at 4.4 billion euros

Increases in the salaries of the public sector employees for the first time after 14 years, extension of the market pass, measures to support the income of citizens with an…

Eight Greek universities among the top in the world

Eight Greek universities, included in the QS (Quacquarelli Symonds) global ranking for 2023-2024, received high distinctions. The first Greek University in the ranking is the National Technical University of Athens…

Strong investor demand in 15-year syndicated bond issue

Strong demand was recorded for the book-building process on a 15-year syndicated bond issue, with bids exceeding 11 billion euros leading the interest rate from 4.5% initially to 4.45%. The…

Mitsotakis: We have differences with Turkey, but we can draw a roadmap for the delimitation of maritime zones

Prime Minister Kyriakos Mitsotakis, upon his arrival at the NATO summit in Vilnius, spoke of a “positive climate” in Greek-Turkish relations over the last months. Mitsotakis expressed the hope to…

S&P: Greece close to investment grade status, but not there yet

After 13 years in the ‘junk’ category, Greece is ready to regain investment grade status. But the question that dominated FinForum 2023, which is being held in Athens, under the…

Historic NATO Summit in Vilnius: Athens’ expectations

A historic NATO summit is held in Vilnius, Lithuania, during which Sweden’s accession to the North Atlantic Alliance is expected to be ratified. Although the Turkish President Tayyip Recep Erdogan…

Greek islands the new “Eldorado” for supermarket chains

Greek islands are the new “Eldorado” for the big supermarket chains, which claim a stronger share of the tourist turnover that approaches 1.5 billion euros. In the past, supermarkets operating…

Greek ΤΕΚΑ fund breaks the barrier of 200,000 insured

The Hellenic Auxiliary Pensions Defined Contributions Fund (TEKA) exceeded 200,000 insured people, continuing the dynamic course it had recorded in 2022, its first year of operation. In total, according to…

Banks and government race to achieve investment grade rating

The banks and the government will strive hard to settle the latest pending issues in order to achieve the investment grade rating. The meeting between the leadership of the Finance…

Greece plans to issue two bonds

The implementation of the plan to ease Greece’s financial needs over the next two years is in full progress. After the announcement of the early repayment of the bilateral loans…

Monday, 10 July 2023

Mitsotakis in Latvia: Migration a European problem – Sweden’s rapid accession to NATO

Greece and Latvia hope for Sweden’s quick accession to NATO, Prime Minister Kyriakos Mitsotakis said on Monday, following his meeting with Latvian Prime Minister Krišjānis Kariņš. The Greek prime minister…

Less working hours or even halting work in certain workplaces during the heatwave

The Labor Ministry addressed a strict recommendation to employers to take the necessary technical and organizational measures required to deal with the imminent heatwave. These include, if deemed necessary, the…

Piraeus rejected the new improved Seajets proposal for the acquisition of ANEK

Piraeus Bank rejected again the new improved proposal of the three Seajets companies for the acquisition of the shipping company ANEK. The Competition Committee is expected to meet on Wednesday,…

Heatwave: Measures to be announced to protect employees

Labor and Social Security Minister Adonis Georgiadis and Deputy Minister Vassilis Spanakis chaired a meeting on Monday regarding the measures to be taken ahead of the prolonged heatwave that is…

Government mulling intervention on the cost of ferry tickets

Government spokesman Pavlos Marinakis left open the possibility of a government initiative on the issue of increased prices for coastal ferry tickets during a press briefing on Monday. Marinakis acknowledged…

Mitsotakis-Erdogan meeting a window of opportunity

Prime Minister Kyriakos Mitsotakis’ meeting with Turkish President Recep Tayyip Erdogan on Wednesday, July 12, on the sidelines of the NATO Summit in Vilnius, Lithuania, is offering the prospect of…

Greece to issue new IDs as of September

The new IDs at the size of a credit card will be available as of mid-September, according to the Minister of Citizen Protection, Notis Mitarakis. “Our goal is to present…

Mitsotakis in Latvia – Migration issue on the agenda

Prime Minister Kyriakos Mitsotakis is visiting Latvia on Monday, the first visit by a Greek prime minister to the country in the last twenty years. During his contacts, bilateral economic…

Bureaucracy keeps seaplanes docked for yet another summer

Bureaucracy, the operational and financial difficulties related to the operation of seaplanes and the lack of licensing of a sufficient number of waterways have led to yet another failed attempt.…

The hot topics on the agenda of Hatzidakis and bankers

The newly appointed Finance Minister Kostis Hatzidakis will meet with representatives of the Hellenic Bank Association (HBA) and the CEOs of credit institutions. Both sides will participate in the dialogue…

Newly built container ship OOCL Piraeus expected on Monday to Greece’s largest port

The newly built container ship OOCL Piraeus is expected to sail on Monday, July 10, at the port facilities of the Piraeus Container Terminal in Neo Ikonio, Perama, aiming to…

Sunday, 09 July 2023

Lamda Development: Aiming to raise 150 mln euros from Lamda Malls’ listing on stock market

Lamda Development aims to raise 150 million euros from the listing of its subsidiary, Lamda Malls, in the first half of 2024, on the Athens stock exchange, its managing director,…

Saturday, 08 July 2023

“Vote of confidence” in Mytilineos

Mytilineos’ bond issue was successfully concluded, raising 500 million euros, with an interest rate of 4%, which was at the bottom of the yield range (4%-4.5% set by the company).…

Friday, 07 July 2023

Eurobank plans to expand in Gulf countries, Asia and Israel

Eurobank is planning to expand its activities to other countries, Stavros Ioannou, Eurobank’s deputy chief executive officer, group chief operating officer and head of international activities said to Bloomberg. The…