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Friday, 31 January 2025

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…

Memorandum of Cooperation between HELMEPA and the Hellenic Shortsea Shipping Shipowners’ Association

The signing of a memorandum of cooperation between the Association of Greek Ports (ELIM) and the Hellenic Marine Environment Protection Association (HELMEPA) was held in the Piraeus Port Authority (PPA)…

Chinese Ambassador: Greece-China share a deep bond founded on mutual trust, understanding and support

XRTC Business Consultants and the China Classification Society (CCS) cut the New Year’s cake in the presence of the new ambassador of the People’s Republic of China to Greece, Fang…

PPC Group inaugurates new RES control room in Romania

A new, state-of-the-art control room, capable of optimizing the production of the company’s increased portfolio of wind and photovoltaic parks, was inaugurated in Bucharest, in the presence of representatives of…

Wednesday, 29 January 2025

Norse Atlantic: Athens- Los Angeles with direct flight

A new route between Los Angeles International Airport (LAX) and Athens International Airport “Eleftherios Venizelos” will be launched by Norwegian low-cost airline Norse Atlantic in June. “A dream comes true,”…

United Maritime Corporation: Capesize sale

United Maritime Corporation, a NASDAQ-listed company, announced on Tuesday that it has entered into an agreement with an unrelated third party for the sale of its oldest Capesize vessel. The…

Changes in Nova in anticipation of the sale

Nova announced administrative changes linked to its sale. More specifically, administrative changes have been implemented at OTE as well as at Vodafone Greece. The three telecommunications providers are now facing…

Greece maintains its leading role in critical mineral raw materials

Greece’s important position in the European and international ranking of Mineral Raw Materials was once again confirmed by the latest official figures. According to industry officials, the estimates for the…

Hatzidakis: The four key sectors in the economy

The government will focus on four priority areas – investments, exports, healthy competition and strengthening of the competitiveness of the economy, Minister of National Economy and Finance, Kostis Hatzidakis, underlined…

9.81% of Greek businesses have embraced Artificial Intelligence

Greek companies have almost tripled their adoption of artificial intelligence in a year, registering an annual increase of 5.83%. However, in Greece, 9.81% of companies use artificial intelligence tools, compared…

Titan: High expectations for the listing in New York

Titan is seeking to raise up to 0.5 billion dollars from the listing of its subsidiary, Titan America, on the New York Stock Exchange. The majority of these funds (at…

Seanergy Maritime Holdings acquires two vessels for 69 million dollars

Seanergy Maritime Holdings Corp announced the acquisition of two Japanese-built vessels, with the total cost amounting to approximately 69 million dollars. More specifically, the company completed the agreement for the…

Titan America seeks up to 3.3 billion dollars valuation in US IPO

Titan Cement International SA has announced the launch of an initial public offering (IPO) for its subsidiary, Titan America SA, to issue 24 million ordinary shares. The company is issuing…

Food industry acquisitions surge gathers momentum

The domestic food industry is experiencing a surge in mergers and acquisitions lately, with strategic investors and funds recording significant returns. For many food businesses, mainly small and medium-sized ones,…

Tuesday, 28 January 2025

The strategy for making the Greek flag more appealing to shipowners

The strategy for bolstering the Greek flag to make it appealing to Greek shipowners was described by the chairman of the Greek Shipping Cooperation Committee in London (Committee), Charalambos Fafalios.…

Aris Mitsopoulos: Rafarm implementing a 120 million euro investment program

RAFARM Vice President Aris Mitsopoulos refers to the positive impact of the Greek pharmaceutical industry on the GDP of our country, to the contribution of Rafarm, a historic and pioneering…

Nova’s strategic priorities for 2025

Nova, a member of United Group, the leading telecommunications and media provider in Southeastern Europe, and the second largest provider of fixed, pay-TV and fiber-to-the-home (FTTH) infrastructure in Greece, is…

Alpha Bank acquires 100% of FlexFin, a fintech company in the factoring sector

Alpha Bank announced the acquisition of 100% of Flexfin with the aim of merging it with ABC Factors and creating the most innovative factoring company in Greece. Flexfin is the…

Salary fails to meet the needs of 55.5% of Greeks

A new reality, in which neither salary nor savings are enough, is identified for a large portion of Greeks by a Focus Bari survey that aims to capture the perceptions…

A 10-milllion-euro Chinese investment to be implemented in Kavala

An investment of around 10 million euros for the production of new technology LED lighting for outdoor and indoor spaces is being launched in the Kavala region by the Chinese…