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Friday, 07 July 2023

Tourism Minister: The 4 goals and 7 challenges for Greek tourism

Tourism Minister Olga Kefalogianni presented on Friday in parliament the central commitments-targets with specific actions for the development of Greek tourism. More specifically, she underlined that the central goal for…

Mitsotakis announces procurement of new aircraft and helicopters to protect against fires

Prime Minister Kyriakos Mitsotakis outlined the measures for the protection against climate change and forest fires during his visit to the Climate Change and Civil Protection Ministry on Friday. Mitsotakis…

Inflation falls at 1.8% in June despite food prices spike

Greece’s inflation rate fell sharply to 1.8% in June compared with 2.8% in May and 12.1% in June 2022, the Hellenic Statistical Authority (ELSTAT) said. ELSTAT attributed the drop to…

Lavipharm: Double-digit growth

The pharmaceutical industry is still resilient and growing despite any crises and adversities, Lavipharm COO and Country Manager, Panagiotis Giannouleas, said during the presentation of the company’s annual report, adding…

Investment fever in the shipping sector

Many bulk carriers and containerships have changed hands at good prices over the last period. Among these companies is Eastern Mediterranean Maritime Limited, which has reportedly bought the newly built…

JP Morgan ‘landing’ in Athens

JP Morgan held a series of contacts during its visit to Greece. The delegation spoke to a number of government officials, as well as listed companies and banks. JP Morgan’s…

E9 Statement for property sales digital on myPROPERTY

E9 Property Statements are automatically and digitally created and submitted as of Friday, on a pilot basis, cutting down on bureaucracy. The automatic creation of the E9 statement, without any…

Mitsotakis unveils government key policies

Prime Minister Kyriakos Mitsotakis announced the key government policies, including the extension of the market pass and the youth pass, an increase in salaries and benefits and the abolition of…

Thursday, 06 July 2023

Corfu Megayacht Marina: Lamda Marinas Investments SMSA preferred investor

The Hellenic Republic Asset Development Fund (HRADF) announced on Thursday that Lamda Marinas Investments SMSA was the preferred investor in the tender for the sub-concession of the right to build,…

Varvitsiotis: Solving the issues of the maritime profession in our priorities

“Greek seamen constitute one of the main ‘pillars’ of Greek shipping,” Minister of Shipping and Island Policy Miltiadis Varvitsiotis  said after his meeting with the management of the Panhellenic Seamen’s …

Siemens & Prodea Investments: Strategic partnership for smart and sustainable buildings in Greece

Siemens and Prodea Investments are working together to implement Building X, an intelligent building technology system from Siemens. The aim is to digitally upgrade and reduce the carbon footprint of…

Turkey-Egypt rapprochement: The consequences for the Eastern Mediterranean and Greece

After a decade of diplomatic hostility, Turkey and Egypt proceeded with the normalisation of their relations. “They are two powerful countries in the region and they cannot afford to be…

Court finds guilty all defendants in Kampanos murder case

All 12 defendants in a trial over the killing of 19-year-old Alkis Kampanos in Thessaloniki in February last year were found guilty of murder. The court changed the offense to…

Commercial Hub project moves forward following the approval of environmental criteria

The construction of the Commercial Hub in the former Ellinikon airport moved another step forward after the ruling that all environmental criteria were met. The Commercial Hub includes Greece’s largest…

Piraeus Bank opened book building process for a 400-million-euro senior bond

Piraeus Bank announced on Thursday it opened a book building process for a 400-million-euro senior bond following yesterday’s presentation. The interest rate is close to 7.375%. Commerzbank, Goldman Sachs, Intesa…

Helleniq Energy: Plan for disposal of shares by Latsis group and TAIPED

The two main shareholders, Hellenic Republic Asset Development Fund (HRADF) and the Latsis Group, are jointly proceeding with a significant increase in the percentage of Helleniq Energy’s share capital. According…

Second-hand tankers prices fall as a result of low interest in new deals

The interest in new deals for the purchase and sale of second-hand tankers has eased over the last days, resulting in lower prices.  In the previous period, prices had reached…

Concerns over Greek economic activity in Q2

Concerns have been raised over how the high cost of money, the pressure on the European economies and the pre-election period will affect economic activity in the second quarter of…

Greek PM Mitsotakis to present policy program

Prime Minister Kyriakos Mitsotakis will unveil a comprehensive plan for the new four-year term – with an emphasis on the country’s growth perspective and a policy of bold reforms –…

Wednesday, 05 July 2023

Zero lignite production for 87 consecutive hours in Greece – New record

Lignite production in Greece was reduced to zero for 87 consecutive hours, from 11:00 on July 1 to 02:00 on July 5, a performance that broke the previous record of…

Varvitsiotis from Mytilini: We will not accept any criticism against the port authority

Shipping Minister Miltiadis Varvitsiotis sent a clear message during his visit to Mytilini that we would not accept any criticism against the Coast Guard that does not correspond to reality.…

Piraeus Bank opens book building process for a 400-million-euro senior bond 

Piraeus Bank on Wednesday announced it was opening a book building process for a 400-million-euro senior bond. Commerzbank, Goldman Sachs, Intesa Sanpaolo, JP Morgan and UBS have been appointed joint…

Vodafone: Revenues up 6% in January-May

Vodafone Greece announced on Wednesday that total revenues increased by 6% in January-May and the revenues from services also grew by 3%. In statements to the press, the president and…

EU Commission: Progress but also strict recommendations for the Rule of Law

While concerns over the rule of law remain in some EU member states, the rule of law report has become a key driver for change and positive reforms, according to…

Eldorado Gold: Restart of operations in Skouries; hiring 800 persons

Eldorado Gold announced the restart of operations for the development of gold and copper fields in Skouries, Chalkidiki, an investment totaling 1.4 million dollars. More specifically, the resumption of the…

Authorities sound the alarm as “greedflation” seems to be gaining momentum in the Greek market

Despite the de-escalation of the consumer price index, core inflation and food inflation are still stubbornly high. According to the Parliamentary State Budget Office, if business profit margins are not…

Shipping sector faced with major challenges in the near future

The major challenges that the shipping sector is facing and will face in the near future dominated the agenda of the head of the largest workers’ federation in the world.…

HIG invests 200 million euros in tourism

Inventio, exclusive operator of US investment firm HIG in Greece, is in negotiations for the acquisition of three hotels totaling 200 million euros (100 million for the acquisition and the…

Greece in top-10 outbound tourism destinations & in top-5 Mediterranean destinations

Greece is included in the top-10 outbound tourism destinations based on UNWTO data for 2021, while international interest in traveling is growing, according to the two of the most important…

Significant benefits for Greece from the investment grade rating

“The regaining of the investment grade rating will result in the diffusion of the lower cost of borrowing in the private sector but also in the elimination of the additional…