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Monday, 05 May 2025

Aegean-Emirates partnership expands through loyalty programs

AEGEAN and Emirates expand their partnership, offering mutual benefits to their passengers through their loyalty programs. As of May 5, Emirates Skywards members can collect and redeem miles on all…

Commission considers ban on new Russian LNG imports

The European Commission is about to present on Tuesday a plan to ban new contracts for the purchase of Russian LNG and facilitate the expiration of existing agreements. “Brussels will…

Enaon EDA: 496 km natural gas network projects in Eastern Macedonia – Thrace underway

The planning for the implementation of projects related to natural gas infrastructure, in Orestiada, Drama, Xanthi, Kavala, Komotini and Alexandroupolis, was presented by the CEO of Enaon EDA, Francesca Zanninotti,…

Karamolegos sold its subsidiary in Romania – Grupo Bimbo is the buyer

The sale of the subsidiary Karamolegos Bakery Romania to Grupo Bimbo Group, through Vel Pitar, was recently confirmed by the powerful domestic bakery industry. As for the price, it is…

EFA Group strategic alliance with Wayren-Joining forces to develop a new generation of digital battlefield solutions

Defense technology group EFA Group has signed an agreement for investments up to 7.9 million euros in Estonian startup Wayren. The investment aims to develop a new generation of high-tech…

Arab investments in Greece: The deals and the prospects

A Greece-United Arab Emirates business and investment workshop was held in Athens aiming at  new Arab investments in the country. The bilateral workshop took place under the auspices of the…

Greece a leader in tanker orders

The order book for new ships has skyrocketed, with Greek shipowners leading the tanker market, as 1 in 4 tankers in the water is Greek. According to data from the…

Eldorado Gold: Stable financial and operating results in Q1

Eldorado Gold announced stable financial and operating results for the first quarter of 2025. The company, among other things, emphasized that its Skouries project is progressing according to its plan.…

A new chapter for TERNA Energy with Masdar at the helm

Following the acquisition of 100% of the company’s shares by Masdar last month and its delisting from the Athens Stock Exchange (ATHEX), TERNA Energy’s integration into Abu Dhabi Future Energy…

Friday, 02 May 2025

Construction giants gear up for steady cash flow: The strategies of GEK TERNA, Aktor, Avax, and Metlen

The 4 major construction groups – GEK Terna, Aktor, Avax and Metlen – are planning their next moves in order to ensure their future revenues despite the significant backlog of…

Greece among OECD member countries with unfair tax burden on families

Greece is among the OECD member countries with the most unfair tax burden on families. Revealing data emerges from the international organization’s annual report on the level of tax and…

EuroHoldings initiates strategic review to maximize share value

EuroHoldings Ltd., a shipping company recently spun off from Euroseas Ltd., is exploring strategic options to maximize shareholder value. The board of directors of the US-listed company is exploring a…

Thessaloniki Port Authority S.A. hosts 21st European Ports Conference on May 8-9

Thessaloniki welcomes leading representatives of the European port industry on May 8 and 9, as part of the 21st Annual European Ports Conference (ESPO Conference), hosted by the Thessaloniki Port…

Kefalogianni in Dubai: Memorandum of Cooperation between the Tourism Ministry and Emirates

The Minister of Tourism, Olga Kefalogianni, met with Sheikh Ahmed Bin Saeed Al Maktoum, Chairman and CEO of Emirates Airline and Emirates Group, on the sidelines of the international tourism…

Kikilias: We have kept ferry ticket prices low – No increase in prices in the summer

“There will be no increase in the prices of ferry tickets, neither now nor during the summer period. We reduced port fees by 50% and we managed to keep prices…

1.2 billion cash flows for Aktor from the acquisition of Aktor Concessions

Aktor estimates that it will have future flows of 1.2 billion euros over the decade from the entire portfolio of concessions and PPPs it is forming, following the acquisition of…

Dynacom gives vote of confidence in China’s shipbuilding

George Prokopiou’s Dynacom Tankers Management is expanding its tanker shipbuilding program, providing a vote of confidence in Chinese shipyards, despite the imposition of port fees on ships of Chinese origin…

Avax: The new strategy moves along three main lines – The goals and projects in progress

Maintaining a satisfactory EBITDA margin (earnings before interest, taxes, depreciation and amortization) from construction, combined with its further placement in concessions, residential properties, marinas and selectively in the energy sector,…

OPAP: Record performance and generous shareholder payout

The distribution of a dividend of 1.40 euros/share was approved by the general meeting of OPAP shareholders. The company’s shareholders focused, among other things, on OPAP’s record performance, while providing…

Kikilias: The added value of Greek-owned ships is a passport to global shipping negotiations

Greece’s strategic intention to utilize the power of Greek-owned shipping as a negotiating tool in global developments in the field of trade and maritime transport was highlighted by the Minister…

Wednesday, 30 April 2025

PPA reports strong growth in profitability and operations in Q1 2025

Piraeus Port Authority (PPA)’s profits showed significant improvement in the first quarter of 2025, compared to the first quarter of 2024, while the company’s operating sectors also recorded positive results,…

Greece assumes the Presidency of the UN Security Council

Greece will assume the Presidency of the United Nations Security Council (UN) for one month starting on May 1, 2025. According to “Naftemporiki” sources, on May 20, 2025, a central…

Escape clause triggers additional 500-600 million euros for allowances

Greece has submitted a request to activate the escape clause for defense spending, launching the process of calculating the fiscal space that the country will have at its disposal in…

Escape Clause: Awaiting the EU’s verdict

Greece made the move and requested the activation of the national escape clause to exempt defense spending from future fiscal calculations. It is now up to the Commission to evaluate…

Clothing and textile sector show positive signs in the first two months

A slightly better performance was recorded in the clothing-textile chain in the first two months of 2025, according to data from the Hellenic Fashion Industry Association (SEPEE). Production, retail sales…

Flag hopping at record levels

Lloyd’s List Intelligence has recorded a sharp rise in “flag hopping” — the practice of frequently changing a ship’s registry to evade sanctions. This trend follows the explosive growth of…

Aktor Group fast-tracks 2.0-billion-euro acquisition strategy

Aktor Group showed improved performance in 2024, while it is expected to announce the completion of due diligence checks for the acquisition of Aktor Concessions by Ellaktor on Wednesday as…

Gerogiannis: Positive forecasts for the summer – Aegean offers 21.5 million seats in 2025

“Greece continues to be a particularly attractive destination, with demand maintaining its momentum,” AEGEAN CEO Dimitris Gerogiannis stressed, among other things, at the general meeting, while noting that the forecasts…

IRIS: Direct payments without commission in all physical and online stores as of Nov 1

A significant change in the field of digital payments is coming for consumers with free, instant and secure transactions. In a meeting between the Minister of National Economy and Finance…

Listed companies see huge profits: The messages from the annual results

The cumulative profitability of the listed companies on the Stock Exchange in 2024 is on track to converge or even exceed the performance of 2023 (10.5 billion euros). More specifically,…