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Tuesday, 04 February 2025

The American-Hellenic Chamber of Commerce will continue to serve as a bridge to the US

The American-Hellenic Chamber of Commerce will continue to serve as a bridge to the United States and as a strategic partner, providing the tools, networking and support our members need…

Shipping: Challenges, fluctuations and volatility

Fluctuations, strong volatility and major challenges characterized the main shipping markets for 2024, according to research by a team from the National and Kapodistrian University of Athens (NKUA). For tankers,…

Digital Realty-EXA Infrastructure: Promoting Crete as a major connectivity hub

Digital Realty, a global leader in neutral data centers, colocation and cloud interconnection, announced the activation of a Point of Presence (PoP) in partnership with EXA Infrastructure (EXA) to enhance…

Monday, 03 February 2025

Installations of solar thermal systems in Greece on a positive trajectory

Companies are focusing on a series of actions that determine the solar thermal systems market (solar water heaters) for their further expansion in the Greek market. According to the Hellenic…

PMI falls in January; slowdown in production and new orders

The seasonally adjusted S&P Global Purchasing Managers’ Index® (PMI®) for the Greek manufacturing sector stood at 52.8 points in January, slightly lower than 53.2 points in December, extending the current…

Mitsotakis: We are dealing with a very intense geological phenomenon

We are dealing with a very intense geological phenomenon, Prime Minister Kyriakos Mitsotakis said, responding to a question about seismic activity in the Cyclades, upon his arrival at the informal…

EU officials return to Athens – Key areas they will focus on

In less than two years, the Recovery Fund will have been completed, with EU member countries, including Greece, rushing to implement the milestones they have set in order to absorb…

Greeks dominate in tanker orders

Οne in four orders for tankers in 2024 came from Greek companies, according to data from Veson Nautical, with Greek shipowners ranking first in energy product carriers. In particular, a…

Alarm over the continuous earthquakes in the Cyclades

Seismic activity is continuous in the Cyclades region, in the sea region between Santorini and Amorgos. The state mechanism is on heightened alert, including rescue teams who have arrived at…

Higher expectations for Navios

Navios Maritime Partners’ analysts have set a target price of 73.5 dollars per share, up 85% compared to current levels. The shipping company, owned by Angeliki Frangou, has focused on…

Envolve is looking for startups to invest 265,000 euros

Five startups will receive 265,000 euros in investment through the EnvolveXL business acceleration program from Envolve Entrepreneurship, a non-profit organization supporting entrepreneurship, which has been at the forefront of innovation…

Piraeus considering investments; interest in Ethniki Insurance

Piraeus Group is examining and evaluating potential investments in sectors related to the financial sector, including asset management and insurance companies, according to an announcement. More specifically, it said: “Piraeus…

Stepping into 2025 with business deals worth over 3 billion euros

Greek businesses have made a dynamic “entry” into 2025, confirming the positive prospects of the domestic economy. More than 18 major deals were announced in January, involving a number of…

Friday, 31 January 2025

PPC seen intensifying competition in telecommunications

OTE, Vodafone and Nova are now facing the challenges of the telecommunications market, such as the entry of PPC into optical fiber to homes and businesses (FTTH) services with new…

BYD: Sprint in the domestic market in 2024

BYD, a global leader in New Energy Vehicles and power batteries, made an impressive entry into the Greek market last year, registering 1,578 vehicles. With this performance, BYD achieved second…

H&M launches the Arket brand in Athens

The Swedish group H&M is expanding its presence in the Greek market with the launch of the Arket brand. The first Arket store is set to open in Athens in…

Greek households’ wealth amounts to 963 billion euros

The Ministry of National Economy and Finance commented on the significant recovery in household wealth since the beginning of 2022, according to data published by the European Central Bank (ECB).…

Athens stock exchange: The industry’s bullish trend; top performing stocks

It may have outperformed last year, recording a jump of more than +40% in the 12 months of 2024, but the Athens Stock Exchange’s Industry index (FTSE_IN) continues its upward…

Tug-of-war at the IMO over scrubber policies

The member countries of the International Maritime Organization (IMO) have been divided into two camps regarding the institutional framework that will govern sulfur dioxide cleaning systems (scrubbers) from ships at…

IMF: Greece’s near-term economic outlook remains favorable

Greece’s near-term economic outlook remains favorable, with real GDP sustaining its robust expansion, said the head of the International Monetary Fund (IMF) mission for Greece, Joong Shik Kang, during a…

High-frequency data a “game changer” for shipping

The technological revolution is increasingly making its presence felt in the international shipping sector, bringing about radical changes in the operation of ships, both economically and environmentally. Against the backdrop…

Xenokostas (ONEX): Greek shipyards can build ships at lower prices but HNGF prefers cooperation with foreign companies

The president and CEO of ONEX Shipyards & Technologies and president of the Board of Directors of the Association of Hellenic Shipyards, Panos Xenokostas, referred to the restructuring of the…

Athens stock market hits 14-year high

The Athens Stock Exchange closed on Thursday at the highest levels of the last 14 years, driven by the improved climate in Europe and the new interest rate cut by…

Thursday, 30 January 2025

Greece and the UK sign MoU on merchant shipping 

Minister of Maritime Affairs and Insular Policy Christos Stylianides met with the Secretary-General of the IMO Arsenio Dominguez  in London. During the meeting, they discussed the challenges related to the…

Elefsis Port Authority: Invitation to businesses for cargo transport through the port

The Elefsis Port Authority S.A. urged companies operating in Western Attica to choose the port for the transport of their goods, in order to reduce the time and cost of…

Microsoft: The roadmap for data centers in Greece

Microsoft’s first owned data center in Spata is currently under construction, with a capacity of 19.2 MW. The company also announced its plans for the provision of Cloud and Artificial…

Quality & Reliability acquires 60% of SysteCom for 1.5 million euros

IT and technology company Quality & Reliability SA is entering the cybersecurity sector, with the signing of a legally binding agreement with the sole shareholder of SysteCom SA, acquiring 60%…

Strategic partnership between Dynamic Group of Companies and Green Award Foundation

The Green Award Foundation joins the Dynamic Group of Companies as an official incentive provider. According to the announcement, the Greek group, which is characterized as a pioneer in the…

HEDNO: The installation of cold ironing in ports is progressing

Hellenic Electricity Distribution Network Operator S.A. (HEDNO) project for the implementation of cold ironing in Greek ports is progressing. More specifically, seven studies on the electrification of ships during docking…

Microsoft: Works in Spata and Paiania are advancing

Microsoft’s strategic investment is underway, with works in Spata and Paiania rapidly advancing. The General Manager of Microsoft Greece, Cyprus & Malta, Yanna Andronopoulou, provided information on the progress of…