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Wednesday, 15 January 2025

Stylianidis: Ship repair and sustainability of coastal shipping are the main priorities

“Greek coastal shipping is called upon to respond to the challenges of the modern era and adopt new technologies and practices,” Minister of Maritime Affairs and Insular Policy, Christos Stylianidis,…

Industry: Import prices fell in November 2024

Import prices in the industry were on a downward trajectory in November, raising expectations for a price de-escalation in general. According to data announced by the Hellenic Statistical Authority (ELSTAT),…

MSC receives warm welcome at its first visit for 2025

The ship “MSC Sinfonia” was met with a warm reception during its first visit to the port of Piraeus in 2025 by the management of PPA SA, organizing a special…

Theodoratos (SEEN): Greek coastal shipping has spent over 1 billion on fleet upgrade

The competitiveness and green transition of coastal shipping dominated the first section of the Greek Shipowners Association for Passenger Ships (SEEN) conference “Modern Coastal Shipping, Sustainable Development of Islands.” The…

Tuesday, 14 January 2025

Titan America files for IPO

Titan America has filed a registration statement for its proposed initial public offering (IPO) on the New York Stock Exchange. The completion of the offering is subject to market conditions…

Titan America files for IPO

Titan America has filed a registration statement for its proposed initial public offering (IPO) on the New York Stock Exchange. The completion of the offering is subject to market conditions…

Development of Skroutz Points and new services – 20 years of presence in the market

Skroutz aims to increase its presence in the Greek territory as well as to develop new services in 2025. After expanding to Cyprus in 2023 and increasing deliveries to Europe,…

Is Greece’s power grid capable of handling the surge in demand due to the cold weather?

Greece’s electrical system has addressed the “cold wave” that is currently underway, peaking the demand for electricity, without any problems, maintaining its export orientation towards the neighboring markets of the…

The Ellinikon Mall construction project is kicking off

The preparations for the start of construction of the country’s largest shopping center in Elliniko, The Ellinikon Mall, with a leasable area of 100 thousand sq m and 350 stores,…

Strategic partnership between Performance Technologies and ThreatScene Greece to strengthen cybersecurity services

Performance Technologies and ThreatScene have announced their strategic partnership in the field of cybersecurity. The partnership between the two companies aims to provide and improve cybersecurity services that enhance organizations’…

First crash test for 2025 in the markets – The advantages of Greek bonds

Greece is expected to issue on Tuesday a ten-year bond maturing on June 15, 2035. As last year, the Greek government is present in the markets in the first month…

SPC Greece: Cooperation agreement with EEL

SPC Greece has signed a Memorandum of Understanding (MoU) with EEL, assuming the presidency of the European Shortsea Network (ESN), in the context of strengthening the European Union’s strategy for…

The global fleet is turning green

The global fleet of ships powered by cleaner fuels has seen significant growth over the last years, as vessel operations contribute to greener intermodal corridors, supporting IMO’s carbon reduction goals.…

KRI-KRI: Turnover seen exceeding 250 million euros in 2024

Dairy KRI-KRI said that it recorded double-digit growth rates in 2024 while its annual turnover is estimated to exceed 250 million euros, compared to 216.33 million in 2023 and 171.88…

Concern over inflation pressures in early 2025

Τhe goal of reducing inflation to 2% for both the Eurozone and Greece has become a high-risk bet since the start of the new year, as “clouds” are already visible…

Monday, 13 January 2025

ThPA: A new chapter with the entry of Margarita Louis-Dreyfus

LeonidsPort B.V. of the French Louis-Dreyfus family, whose homonymous business group (LDC) is one of the world’s largest agri-food trading and processing groups, intends to invest at least 57 million…

Kasinos to “N”: Trastor’s portfolio to reach 1 billion euros in 2027

Trastor REIT (Real Estate Investment Company) is entering a new phase, planning a capital increase of 120 million through the sale of new shares. Based on published data,  its Gross…

LCI-Libra Group: Loans of 420 million euros to strengthen its fleet

LCI, a subsidiary of Libra Group, is proceeding with the procurement of new helicopters, with the aim of providing a project with a strong social footprint. For the purchase of…

New Microfinance Fund: Low-interest loans of 3,000-25,000 euros to small businesses

Low-interest loans of 80 million euros will be available from January 27, 2025 to small businesses with up to 10 employees through the new Microfinance Fund, supported by the European…

Fleet Management Limited broadens its presence; opens offices in Athens

Fleet Management Limited’s new CEO Captain Rajalingam (“Raja”) Subramaniam assumed the role of CEO on 1 January 2025 and began the year with two significant announcements. The company opened a…

Supermarket chains turn to convenience stores

Large supermarket chains are changing their policy in terms of claiming a larger share of the “neighborhood” turnover, with the franchise model being a catalyst for growth for the coming…

The next step for banks after the new regulations

The day after the voting of the budget and the new regulations marks the return to reality for businesses, which are struggling to improve their competitiveness. Following its interventions on…

LeonidsPort B.V. launches tender offer for 21% stake in Thessaloniki Port Authority

The Dutch company “Leonidsport B.V” submitted a voluntary tender offer for a maximum of 2,116,800 shares of the Thessaloniki Port Authority (ThPA), representing 21.0% of the company’s share capital and…

TEN seen registering high growth rates in the next 3 years

Analysts see high growth rates for US-listed Tsakos Energy Navigation (TEN) over the next three years, as well as a target price of 31 dollars per share (72% above its…

Greece and 46 other maritime powers’ proposal for pricing gas emissions

The International Chamber of Shipping (ICS) has submitted a proposal to the IMO for the adoption of a common pricing mechanism for gas emissions in international shipping, in order to…

Friday, 10 January 2025

LC Waikiki expands its presence in the Greek market

Turkish clothing chain LC Waikiki is strengthening its presence in the Greek market.The company, which entered the Greek market in 2018, is claiming a significant share in the fast fashion…

Supermarkets: Low expectations for 2025

Supermarket executives see a slowdown in the sector’s growth in the first half of the new year, according to a survey of retail and FMCG (fast-moving consumer goods) industry trends…

Telecommunications providers’ shares remained stable

The market shares of the three telecommunications providers – OTE, Vodafone and Nova – have remained unchanged, although consumer mobility (phone number portability) is increasing. According to the Market Overview…

Insurance market surged by 8.2%

The insurance market gained momentum in 2023, with premium production increasing by 8.2% to 5.4 billion euros, according to the annual statistical report “Private Insurance in Greece” of the Hellenic…

A breakdown of imports and exports in November

Exports fell by 279.7 million euros (-6.5%) to 4.02 billion euros in November 2024 compared to 4.30 billion euros in November 2023, according to an analysis by the Center for…