The development course of the ONEX Shipyards (Syros and Elefsis) over the last five years, the national success of the regeneration of the sector, which was considered by many to…
“Greece has to become part of the IMEC corridor between India and Europe,” said Samir Saran, President of the Observer Research Foundation (ORF), India’s premier think tank, headquartered in New…
The evolution of private consumption is a decisive factor for the performance of the Greek economy in 2024, as it has historically represented about 2/3 of the country’s Gross Domestic…
The energy sector is playing a leading role in market developments this year, supporting valuations and increasing the international impact of Greek listed companies. The recent deal between PPC and…
The Greek shipping sector is expanding year by year, now reaching the highest level of at least the last decade, both in the number of shipping offices and ship management…
“Critical decisions” is the title of the 8th Shipping Conference to be held by Naftemporiki on Wednesday, May 15, at the Stone Warehouse of the Piraeus Port Authority (PPA). Important…
The strategic importance of Greece’s maritime cluster is highlighted in the Bank of Greece’s (BoG) annual report. The Greek-owned fleet represents almost 1/6 of the world’s tonnage and a large…
«The green transition of shipping is a very large program with great costs for the entire industry and anyone who believes that it can be done painlessly and without significant…
This is Apl Detroit (built in 2014 with Singapore flag), 328.2 meters long and with a capacity of 9,326 TEUs, i.e. almost 40% more than what had been recorded to…
Greece is growing, but it is still lagging behind its European partners in terms of investment and income. More specifically, although the economy is currently growing at rates clearly faster…
The new fiscal rules are expected to be determined by the plenary session of the European Parliament on April 23, just a few days before it stops its work ahead…
The footprint of the tourism industry in the Greek economy is growing, according to the INSETE study, which shows that the direct contribution of tourism jumped to 28.5 billion euros…
The urban regeneration of Ellinikon, which is in full progress, but also the factors that drive the development course of the real estate market in Greece were highlighted by the…
Food prices kept inflation at high levels in March forcing the government and especially the development ministry to accelerate the planning and activation of the next price containment measures. As…
The intention of the Ministry of Environment and Energy to overcome bureaucracy in licensing in the mining industry was expressed by the Deputy Minister of Environment and Energy, Alexandra Sdoukou,…
The absence of the issue of competitiveness from the debate held ahead of the European elections was pointed out by the president of the Hellenic Federation of Enterprises (SEV), Dimitris…
The sale of Nova is at an early stage. Meanwhile, the company is continuing its investment program. According to sources, the head of BC Partners, Nikos Stathopoulos, informed the executives…
PPC Group and MYTILINEOS Energy & Metals signed a three-year strategic cooperation agreement for the development of a portfolio of 90 energy projects up to 2,000MW, in four countries. More…
The challenges and opportunities related to decarbonization and the “green transition of shipping” dominated the talks held among Minister of Maritime Affairs and Island Policy, Christos Stylianidis, government officials and…
Vernicos Scafi Tugs and Salvage Maritime Co. will strengthen its fleet with a second newly built tug. The tug, which will be built by Med Marine at the Turkish Eregli…
Greece’s great opportunities, comparative advantages and emblematic reforms were highlighted by the prime minister’s economic adviser, Alexis Patelis, at the 9th Delphi Economic Forum. Patelis cited the latest figures from…
“The green transition is necessary, and it will become a reality. What we need is a realistic plan that will take into account costs, security of supply, environmental footprint and…
The shipbuilding program of Greek shipowners is constantly growing. According to data from the shipping brokerage company Xclusiv Shipbrokers, one in five ships under construction by Greek shipowners is powered…
As its management noted following the release of 2023 financial results, the capital expenditures (CAPEX) for its entry into telecommunications reached approximately 25.8 million euros last year. This year, an…
The need to take measures to protect water in Greece was underlined during the Delphi Economic Forum IX. “Greece the only European country that increases water consumption” “Greece is the…
“Athens is the Silicon Valley of shipping,” Antonis Laimos, Vice-President of the Union of Greek Shipowners and President of Enesel, said in a dialogue with the editor of Lloyd’s List…
“The successive decline in food inflation from 8.3% in January to 6.7% in February and to 5.3% in March is undoubtedly a positive development and shows that the drastic measures…
The Greek shipbuilding industry is setting the bar high for 2024. According to the estimates of “Naftemporiki”, more than 500 commercial ships of all types carried out repairs in the…
PPC announced that it has concluded the acquisition of Kotsovolos by Currys plc, accelerating its transformation into an integrated provider of products and services in the retail market. The acquisition…
LOT Polish Airlines announced that it would reinstate direct flights from Athens to Warsaw as of Thursday, April 11. Flights will depart from Warsaw daily at 14:10. During the summer…
Melina Travlou, President of the Union of Greek Shipowners, institutionally representing the leading branch of the national economy, Greek shipping, made a call “for a common navigation plan” that the…
Greece’s rejuvenated shipbuilding industry will feature at Posidonia 2024, signaling a strong recovery after decades of decline and abandonment. The renaissance of the sector takes shape after the completion of…
According to the company’s business plan, the goal is for the turnover to reach 32 million euros in 2024, and already in the first quarter of the current financial year,…
Energean’s confirmatory drilling in the natural gas field offshore Morocco in the Atlantic has been planned for the third quarter of the year, based on the lease agreement of the…
The Israeli authorities have asked Greece’s Independent Power Transmission Operator (IPTO) and the Cypriot competent authorities to speed up the procedures for the implementation of the Great Sea Interconnector project,…
Russian aggression does not concern only Ukraine, but also the West and the democratic world. This was the message that the Ukrainian president, Volodymyr Zelensky, sent on Wednesday from the…
The Delphi Economic Forum IX will be held from Wednesday, April 10, to Saturday, April 13, 2024. The President of the Republic, Katerina Sakellaropoulou, will open the proceedings of the…
Finance Minister Kostis Hatzidakis met European Economic Commissioner Paolo Gentiloni on Tuesday. During the meeting, the new framework of fiscal rules, the course of implementation of the Recovery and Resilience…
The three companies of the Vafias Group – Stealthgas, Imperial Petroleum and C3is – that are listed on the US stock exchange closed the year with revenues of 360 million…
The Skaramanga shipyards are in full operation. During the first month of operation of the unit, a total of 10 commercial ships have ‘entered’ the shipyards. In fact, in the…
A meeting with a delegation of the Israeli Energy Ministry, the Regulatory Authority as well as the country’s Administrator, was held in Cyprus by the administration of IPTO under the…
The reconstruction of the Thessaloniki International Fair (TIF) is expected to start in the next few days, the president of TIF-Helexpo SA, Tasos Tzikas, stated. According to “Naftemporiki” sources, a…
Prime Minister Kyriakos Mitsotakis expressed his ambition to make Greece “the best tourist destination in the world in a 10-year period” during a discussion with Luis Araujo, president of the…
The Ministry of Maritime Affairs and Insular Policy is conducting studies in order to secure the necessary funds for green investments in an effort to make use of more EU…
ElvalHalcor is focusing on achieving the maximum return on the investments it has made so far to strengthen its production in 2024. Meanwhile, the management will propose the distribution of…
According to Bank of Greece (BoG), the net receipts for the purchase of real estate from foreign nationals are still high as a percentage of all investments (42.5%) and exceed…
The European shipbuilding industry is preparing investments of up to 10 billion euros in order to meet the ambitious goal to supply shipping markets with 10,000 ships by 2035 and…
The “Great Sea Interconnector”, implemented by the Independent Power Transmission Operator (IPTO), will significantly benefit Cyprus, as it will offer increased energy security, a “greener” mix of electricity generation and…
Golden Cargo celebrates 35 years of dynamic presence in the maritime supply chain. As the managing director of Golden Cargo Kostis Achladitis pointed out: “It is the most specialized ship…
A careful first assessment of the costs of the recapitalization and restructuring of the banking sector compared to the benefits obtained by the Greek State, taking into account the voluntary…
