English

Wednesday, 26 February 2025

Germanos: Strong performance in 2024 and high goals for 2025

OTE’s vision for 2030 and its development strategy were presented by the President and CEO of OTE Group, Kostas Nebis, to more than 400 associates of the GERMANOS store network…

New inflation pressures; worrying messages

Bank of Greece sees new inflationary pressures in services and core inflation, with the sectoral index of services recording a 5.6% increase in January and core inflation rising by 4.4%.…

Hellas Gold: 2.47 million euros in social investment programs

Hellas Gold has completed its social investment plan for 2024 in the region of NE Chalkidiki, which includes 130 projects and social actions worth 2.47 million euros. This is an…

Tuesday, 25 February 2025

Olympia Group -VNK Capital transfer part of their participation in Lamda Development

Olympia Group and VNK Capital plan to focus on new investment initiatives, according to their announcement after the decision to reduce their participation in Lamda Development, through their joint investment…

Listed companies have distributed dividends over 1.8 billion euros

Listed companies have distributed or announced dividends exceeding 1.8 billion euros in the first two months of 2025, which consolidates expectations for exceeding the annual target of 5 billion euros.…

16.4% drop in new car sales in January in Greece compared to 2.6% decrease in the EU

New car registrations in the European Union fell by 2.6% in January, according to data from the European Automobile Manufacturers Association (ACEA), which represents Europe’s 16 major car, truck and…

KEFIM: Impressive increase in RES penetration-Energy transition requires investments in networks and storage

Greece is recording steady progress in the participation of Renewable Energy Sources (RES) in the energy mix, according to a study published by the Center for Liberal Studies (KEFIM) in…

Aegean Airlines travels to Iraq; next stop India

Aegean Airlines inaugurated the air connection between Athens and Erbil, a route that also has great geostrategic importance. Erbil is located in northern Iraq and is considered by many to…

EuroDry: Revenue growth in 2024 despite weak market demand

EuroDry Chairman and CEO Aristides Pittas expressed his optimism that the dry bulk market in March 2025 will recover, following the various incentive packages from the Chinese government in combination…

Ciner Shipping: Turkey’s largest shipping company moves to Greece

One of Turkey’s largest shipping companies is being relocated to Greece, as investments in the country reached a record level in 2024. The decision, as reported by Turkish media, was…

Handjinicolaou (Piraeus): 2025-2028 business plan focuses on profitability, returns and dividend distribution

Piraeus Bank Chairman George Handjinicolaou said that “2024 was a year of significant progress for Piraeus and we are pleased to announce record profitability and growth. At the same time,…

Costamare “setting sail” for new investments

The listed shipping company Costamare is planning to renew its privately owned fleet of dry bulk carriers and increase its average size, as the company reveals in its annual report…

Athens International Airport: Record pasenger traffic in 2024

Athens International Airport announced total revenue increased by 10.2% to 665.5 million euros in 2024 compared to 603.72 million in 2023. The significant increase in passenger traffic of 13.1% and…

Monday, 24 February 2025

The new era of Marketing: The revolution of advertising experiences through AR/VR

Virtual Reality (VR) and Augmented Reality (AR) have penetrated technology and marketing, offering new possibilities for enhancing consumer experience and developing advertising campaigns. As consumers increasingly demand innovative and interactive…

Eurobank: Strategic partnership with SC Ventures

Eurobank will proceed with the signing of a Memorandum of Understanding (MoU) with SC Ventures, a member of Standard Chartered, as part of a new strategic partnership to promote innovation…

Trade Estates: Construction of the logistics center for InterIkea is underway

The new storage and distribution (logistics) center in Aspropyrgos, an investment totaling 70 million euros, will be delivered to InterIkea Group by Trade Estates REIC in 2025. According to competent…

Defense spending: The investment conundrum and the two escape clauses

Greece, like the other member states of the European Union, is awaiting the details of the Commission’s proposal to exempt defense investments from the spending limit of the new Stability…

StealthGas registers new record profitability

StealthGas closed 2024 with a historic high in profitability for the third consecutive year. Specifically, the Nasdaq-listed company announced profits of 69.9 million dollars – an increase of 34.7% compared…

Eldorado Gold: Robust 2024 results – Higher production and revenues from Olympias mine

Eldorado Gold recorded strong operational and financial performance in 2024. As stated by George Burns, President and CEO of the Canadian multinational, “gold production increased by 7% to 520,293 ounces…

Gambling market on the rise in 2024

The Greek gaming market moved upwards in 2024. According to data from the Hellenic Gaming Commission, the reformed TGR, which includes winnings and bonuses paid to players which are reinvested…

Electricity prices are expected to remain stable – Subsidies for businesses

The cost of electricity is expected to fluctuate close to February levels in March, remaining under pressure due to the combination of rising demand and international natural gas prices. The…

How does the government view Trump’s first moves and what does it expect in the Greek-Turkish dialogue?

The government is closely monitoring developments on the geopolitical scene and is focusing on the need for Europe to adopt a common stance on critical issues. The way in which…

Greek consumers scale back on non-essential purchases

Household consumption, mainly for less “essential” products, has shrunk, according to the data on the course of retail turnover in 2024. The growth rate stood at 2.4%, i.e. below the…

Friday, 21 February 2025

Okeanis Eco Tankers’ profits at 108.9 million dollars in 2024

Okeanis Eco Tankers Corp. reported revenues of 393.2 million dollars and profits that exceeded 100 million dollars for another year in 2024. The company, listed on the New York Stock…

Nova: Investments of 166.1 million in FTTH fiber optic networks

Nova is committed to investments of 166.1 million euros in fiber optic networks to homes and businesses (FTTH), making use for the second time of the loan facility from the…

Cyclades: Ongoing seismic activity to affect tourism-Reservations freeze

Greek tourism is clearly facing the possibility of a major blow this year, due to the ongoing seismic activity between Santorini and Amorgos. Hotel bookings in Santorini have already frozen,…

Performance Shipping: Net profits of 43.7 million US dollars in 2024

Performance Shipping, a global shipping company specializing in tankers, remained on a positive course in 2024. The US-listed shipping company announced net profits of 43.7 million dollars, compared to net…

Shipowners and fuel suppliers call for EU Commission support for clean marine fuels

The Clean Maritime Fuels Platform, which represents European shipowners and fuel suppliers, stressed in a statement the need for developing a European supply chain for clean marine fuels. The platform…

Stournaras sees an up to 0.5% decline in GDP from Trump tariffs

The challenges facing the Eurozone dominated the speech of Bank of Greece (BoG) Governor, Yannis Stournaras, to the ambassadors of the EU member states in Athens. Speaking at the event…

Innovative shore power project by Capital Ship Management and Lloyd’s Register

Capital Ship Management and Lloyd’s Register have announced the completion of an onshore power supply (OPS) for tankers compatibility test, marking a significant step towards port sustainability. Capital has successfully…