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Tuesday, 01 July 2025

Bank of Greece: Deposits and loans climb higher in May

Both deposits and loans recorded positive performances in May, with the private sector recording impressively positive flows, leaving behind the negative picture of April, while stagnation is observed in the…

IPTO: Great Sea Interconnector cost-benefit study for Cyprus-Israel section presented to regulators

The cost-benefit study for the Cyprus-Israel section of the Great Sea Interconnector (GSI), which constitutes the second part of the Greece-Cyprus-Israel electricity interconnection, has been presented to the competent regulatory…

Eurobank issues 500 million euros in senior preferred debt

Eurobank Ergasias Services and Holdings S.A. (Eurobank Holdings) announced that its subsidiary Eurobank successfully completed the pricing of 500-million-euro senior preferred notes. The bond matures on 7 July 2028 and…

ELLAKTOR Group – Sustainable Entrepreneurship & ESG Footprint

ELLAKTOR Group is one of the most important infrastructure groups in Greece with a portfolio of activities in the sectors of Concessions, Property Development – Management and Hospitality. Utilizing the…

Celestyal Cruises innovates with biofuels

Cruise company Celestyal Cruises continues its dynamic course in Greece, as the company’s total contribution to the Greek economy now reaches 120 million euros. As announced during a presentation on…

Markets in a ‘zone of instability’: Outlook for stocks, dollar, gold, and oil

As July begins, global markets stand at a critical crossroads. Following a turbulent first half of the year, investors are faced with the challenge of fragile geopolitical balances, fluid monetary…

Coca-Cola: Strong footprint in the Greek economy and employment

Coca-Cola’s contribution to the Greek GDP totaled 2.2 billion euros in 2024 while it supported 50,700 jobs, according to a study by the Foundation for Economic and Industrial Research. The…

EU allocates 8 billion for growth, quality of life, environment, and tackling poverty

A package of European programs – in addition to the NSRF and the Recovery Fund – totaling 8 billion euros, which will “run” from 2026 to 2032 and will concern,…

Sichuan Airlines: Direct flights to Athens via Istanbul

A ceremony marking the launch of Sichuan Airlines’ direct flights connecting Athens with the city of Chengdu in China, via Istanbul, was held at Athens International Airport in the presence…

Monday, 30 June 2025

SΜΕs: Greece is a champion in employment, a laggard in productivity

Small and medium-sized enterprises in the countries of Southern and Eastern Europe present the highest shares of SMEs in employment and at the same time contribute significantly to Gross Value…

The Greek trend of shipping spin-offs on Wall Street

It is not just a trend, it is a strategy. Greek shipowners are following the spinoff policy for their listed shipping companies on the US stock markets. Approximately one in…

Sixty yacht crews from 19 countries are diving into the battle of the 5th AEGEAN 600

Greece is once again at the center of global sailing this summer. The AEGEAN 600 is getting ready to set off for the 5th consecutive year in the Aegean Sea.…

Greece’s tax trap: High burden, low return

Greece is once again exposed for its performance in direct taxation. On the one hand, the European Commission ranks Greece in 16th place in the EU based on “fair” proportional…

Kikilias’ stern message about coastal shipping safety

Since March 2025, at the initiative of the new Minister of Maritime Affairs and Insular Policy, Vasilis Kikilias, a comprehensive plan to strengthen security in the country’s ports has been…

Thessaly and Western Macedonia first on the list for new data centers

Greece’s prospect of becoming a regional telecommunications hub with a multitude of data center infrastructures is confirmed by the latest estimates of IPTO for the potential of the National Electricity…

New European distinctions for “Naftemporiki” – Award for its special edition on the Pontic Genocide

“Naftemporiki” received two more major European distinctions from the most important awards institution, the European Newspaper Award, participating for the third time. After the top distinction as “European Newspaper of…

Banks open up lending – the goals for loan issuance

A counterbalance to the decline in interest income for banks due to falling interest rates is expected to come from new lending in 2025, with banks anticipating continued growth in…

Piraeus Chamber of Commerce and Industry: Strengthening cooperation between Greek and Mexican businesses

A Memorandum of Understanding (MoU) aimed at strengthening business contacts between Greek and Mexican companies was signed by the president of the Piraeus Chamber of Commerce and Industry, Vasilis Korkidis,…

H&M is re-introducing itself to the Greek market

H&M has proceeded with the opening of its two emblematic stores in Greece, the flagship store at Ermou & Voulis in the center of Athens and its historic store in…

Friday, 27 June 2025

Greece: Minister Voridis and four other government officials resign over farm subsidies scandal

Prime Minister Kyriakos Mitsotakis accepted the resignation of Migration and Asylum Minister Makis Voridis after his name appeared in the farm subsidies scandal case file forwarded to Parliament last week…

Eurobank considers the parallel listing of its shares on the Cyprus Stock Exchange

Eurobank S.A., a subsidiary of Eurobank Holdings, announced its intention to examine the parallel listing of its shares on the Main Market of the Cyprus Stock Exchange (CSE). Following the…

Olympic Brewery’s ESG Strategy: Numbers, Actions, and Local Impact in Greece

As sustainability is fundamental to modern entrepreneurship, Olympic Brewery stands out as a model of responsibility, combining the global strategy of the Carlsberg Group, “Together Towards ZERO and Beyond,” with…

The Ellinikon: Delivery of important projects will begin in 2027

The year 2027 will be a milestone for the major redevelopment project of the former Athens airport in Ellinikon. The delivery of significant developments will begin in 2027 — most…

Promoting Sustainable Development in the global Food & Beverage Industry

Mikel Coffee Company is a dynamic player in the coffee and catering industry, with a growing international footprint over the past 17 years. Having aligned with the UN Agenda 2030,…

Greek businesses call for measures to reduce electricity costs

Greek companies, and especially energy-intensive manufacturing companies, have to deal with significantly higher energy costs over time, compared to the rest of Europe, facing a competitive disadvantage. The European Commission…

Aegean Airlines to issue up to 250-million-euro bond loan

Aegean Airlines chairman Eftichios Vassilakis will issue a common bond loan, amounting up to 250 million euros, next week, aiming to capitalize on the momentum from the geopolitical de-escalation in…

Greeks’ debt exceeds 110 billion euros

Overdue tax debts increased by 3.8 billion euros in one year. According to data from the Independent Authority for Public Revenue (AADE), the total amount of overdue tax debt reached…

Heracles Group: First 3.7 MW photovoltaic plant in operation

HERACLES Group invests in alternative forms of energy and proceeds with the installation of photovoltaic systems in its facilities. The Group is committed to sustainable development, which is a central…

Intralot signs 10-year contract extension with the Idaho Lottery

INTRALOT S.A. announced that its U.S. subsidiary, INTRALOT, Inc., and the Idaho Lottery have agreed to a 10-year contract extension, reaffirming an established partnership and based on INTRALOT’s commitment to…

PPC Group: Special pilot hybrid project under construction in Astypalea

Showcasing its commitment to energy transformation and innovation, PPC Group has initiated the construction of a pioneer pilot hybrid project on the non-interconnected Astypalea island, which will combine solar energy…