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Monday, 24 February 2025

Gambling market on the rise in 2024

The Greek gaming market moved upwards in 2024. According to data from the Hellenic Gaming Commission, the reformed TGR, which includes winnings and bonuses paid to players which are reinvested…

Electricity prices are expected to remain stable – Subsidies for businesses

The cost of electricity is expected to fluctuate close to February levels in March, remaining under pressure due to the combination of rising demand and international natural gas prices. The…

How does the government view Trump’s first moves and what does it expect in the Greek-Turkish dialogue?

The government is closely monitoring developments on the geopolitical scene and is focusing on the need for Europe to adopt a common stance on critical issues. The way in which…

Greek consumers scale back on non-essential purchases

Household consumption, mainly for less “essential” products, has shrunk, according to the data on the course of retail turnover in 2024. The growth rate stood at 2.4%, i.e. below the…

Friday, 21 February 2025

Okeanis Eco Tankers’ profits at 108.9 million dollars in 2024

Okeanis Eco Tankers Corp. reported revenues of 393.2 million dollars and profits that exceeded 100 million dollars for another year in 2024. The company, listed on the New York Stock…

Nova: Investments of 166.1 million in FTTH fiber optic networks

Nova is committed to investments of 166.1 million euros in fiber optic networks to homes and businesses (FTTH), making use for the second time of the loan facility from the…

Cyclades: Ongoing seismic activity to affect tourism-Reservations freeze

Greek tourism is clearly facing the possibility of a major blow this year, due to the ongoing seismic activity between Santorini and Amorgos. Hotel bookings in Santorini have already frozen,…

Performance Shipping: Net profits of 43.7 million US dollars in 2024

Performance Shipping, a global shipping company specializing in tankers, remained on a positive course in 2024. The US-listed shipping company announced net profits of 43.7 million dollars, compared to net…

Shipowners and fuel suppliers call for EU Commission support for clean marine fuels

The Clean Maritime Fuels Platform, which represents European shipowners and fuel suppliers, stressed in a statement the need for developing a European supply chain for clean marine fuels. The platform…

Stournaras sees an up to 0.5% decline in GDP from Trump tariffs

The challenges facing the Eurozone dominated the speech of Bank of Greece (BoG) Governor, Yannis Stournaras, to the ambassadors of the EU member states in Athens. Speaking at the event…

Innovative shore power project by Capital Ship Management and Lloyd’s Register

Capital Ship Management and Lloyd’s Register have announced the completion of an onshore power supply (OPS) for tankers compatibility test, marking a significant step towards port sustainability. Capital has successfully…

Safe Bulkers: “Safe” profits in a weakened market

NYSE-listed shipping company Safe Bulkers reported strong revenue and earnings despite a weak dry bulk market environment and geopolitical developments. “We have earned high charter rates for our environmentally upgraded…

METLEN: The deal with Rio Tinto makes it a global leader

METLEN is gaining a leading role in the international metals market by entering into a dual top-level partnership with the multinational giant of the industry Rio Tinto, ensuring the supply…

Shipowner Prokopiou acquires 100% of the Astir Palace

Shipowner George Prokopiou acquired 100% of the Astir Palace in Vouliagmeni as part of his recent investments at sea and on land. According to the information available, Prokopiou acquired the…

Thursday, 20 February 2025

Stock Market-Listed Companies: The 24 billionaires who control 85% of the market

The capitalization of the Athens Stock Exchange stands at its highest level since 2008 (>112 billion euros) with the number of billionaires in the market having increased. More specifically, there…

Hellenic Cables announces contract award for the Silver Run Expansion project in the US

Hellenic Cables, the cable division of Cenergy Holdings, has signed a contract for the Silver Run Expansion project in the United States. The project is owned by Silver Run Electric…

12.4% increase in passenger traffic at Greek airports in January

Passenger traffic rose by 12.4% at all airports in the country in January 2025. More specifically, according to data from the Hellenic Civil Aviation Authority (HCAA), passenger traffic reached 2,712,144…

Metlen: Record EBITDA at 1.08 billion euros in 2024

METLEN achieved strong financial performance in 2024, with earnings before taxes, interest, depreciation and amortization (EBITDA) at historic highs and turnover recording a 3% increase. According to the announcement, turnover…

Recovery Fund: Striving to meet the goals in 18 months

The Recovery Fund will end in 18 months and the Greek government will need to engage in a race to complete the 248 of the 383 remaining milestones in the…

COSCO(Greece): New ISO quality and environmental management certifications

COSCO Shipping Lines (Greece) announced the re-certification of its Quality Management Systems – ISO 9001:2015 and Environmental Management Systems – ISO 14001:2015, as well as the receipt of the ISO…

Electronic transactions jump to 67.7 billion euros in 2024

Electronic transactions recorded a double-digit increase of 10.7% in 2024, compared to 2023. According to the Ministry of National Economy and Finance, this significant increase in electronic transactions – from…

ThPA: Thessaloniki’s Court of Appeal to be housed in the port premises

The Thessaloniki Port Authority S.A., Dimera Land & Property Investments Ltd and the Greek State (specifically, the Ministry of Justice), have signed a sub-concession agreement for the use of premises…

Turnover of enterprises climbs to 472.7 billion in 2024-The protagonists of the rise

2024 ended on a positive note for the turnover of Greek businesses. According to data announced by the Hellenic Statistical Authority ELSTAT, for all businesses and activities in the economy,…

Thessaloniki Summit 2025: Energy, defense and critical industry issues in focus

The second day of the Thessaloniki Summit 2025 concluded with a discussion between the President of the Federation of Industries of Greece,  Loukia Saranti, and the Minister of Development, Takis…

Wednesday, 19 February 2025

Greek-Egyptian memorandum on CCS-Skylakakis’ contacts with ExxonMobil and Chevron

Environment and Energy Minister, Theodoros Skylakakis, had a bilateral meeting with the Minister of Petroleum and Mineral Resources of Egypt, Karim Badawi, with whom they signed a MoU, to promote…

Titan Cement International divests its 75% share in eastern Turkey

Titan Cement International SA announced that it has entered into a definitive agreement to divest its 75% share in Adocim Cimento Beton Sanayi ve Ticaret A.S., comprising cement assets located…

Metlen: Strategic agreements with Rio Tinto for bauxite and alumina

METLEN has entered into two long-term strategic agreements with Rio Tinto, securing the supply of bauxite and the disposal of alumina. More specifically, the company has committed to a large-scale…

The banker who secured a double victory

A little less than 1.5 years was the time that Dimitris Kyparissis needed to lead Optima Bank into the closed “club” of listed companies worth 1 billion euros (in terms…

Alarm over the growing use of biofuels in the shipping industry

A number of shipping companies and environmental groups have raised the alarm over the growing use of biofuels in the shipping industry in a joint letter to the International Maritime…

The government worried about geopolitical developments; what are the Europeans discussing, what will happen with the Greek-Turkish dialogue?

The government is monitoring the geopolitical developments with concern amid a complex scenario with multiple open fronts. A wait-and-see attitude has been maintained so far, as a common European stance…