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Wednesday, 07 May 2025

How will the defense industry be “resurrected”?

Europe is focusing on finding financial resources to strengthen its defense sector, aiming to implement the ambitious, long-term and highly demanding ReARm plan. According to the data so far, the…

Tuesday, 06 May 2025

Piraeus Bank reports strong profitability in Q1

Piraeus Bank recorded strong profitability of 284 million euros, corresponding to 0.22 euros in earnings per share and 14.7% return on tangible equity (RoaTBV) in the first quarter of 2025.…

10th Mediterranean Yacht Show in Nafplio

Greece is once again in the spotlight of global yachting, as the 10th anniversary Mediterranean Yacht Show (MEDYS) is underway in the port of Nafplio. The leading and largest international…

Exarchou: Aktor’s target for 180 million euro EBITDA in 2025 is achievable

The Group’s chairman and CEO, Alexandros Exarchou, expressed his satisfaction over the achievement of Aktor’s development goals so far. Addressing analysts, he said that Aktor is expected to present EBITDA…

Savvaidis to “N”: Luxury housing is a strategic asset for Greece

Greece can lead the future of Mediterranean luxury housing, Savvas Savvaidis, President and CEO of Greece Sotheby’s International Realty, said in an interview with Naftemporiki and Michalis Psilos. Savvaidis spoke…

Xenokostas: “National ship: It can become a reality!”

The ONEX Shipyards & Technologies Group will have a strong presence at the international defense and security exhibition DEFEA – Defence Exhibition Athens, which will take place from May 6…

“Zero Hour” for the Avramar acquisition: The banks’ ultimatum and the negotiating papers

Banks will determine whether ‘catharsis’ in the ‘tragedy’ of Avramar, the strongest player in domestic fish farming, will be achieved. According to information from “N”, an “ultimatum” was allegedly sent…

Supermarket household basket withstands price pressure

The basket of basic supermarket products remains on an upward trend in terms of value and sales volumes this year despite the high living cost and the limitation of offers.…

Support measures: What to expect by 2028

The submission of the annual progress report in Brussels made the financing limits for new support measures clear and binding, as negotiations with the Commission led to the “locking” of…

Bank of Greece: High growth rates until 2027 – SOS for the Greek economy

The Greek economy will continue to outperform in the two-year period 2025-2026 as it is estimated that investments will continue to increase, thanks to the Recovery Fund resources. In addition,…

Nebis (OTE): Our goal is to meet and even exceed the demands of the digital age

COSMOTE’s transition to a new era was recently announced by company executives. This new “page” is called COSMOTE TELEKOM and is a new commercial brand – the result of the…

Monday, 05 May 2025

Thrace Plastics: Investments of 30 million euros in 2025

Thrace Plastics has launched investments of 30 million euros for 2025. According to the company’s management, the goal of the investments is to further increase production capacity in the rigid…

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,…