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Wednesday, 27 November 2024

Onex Group celebrates its 20-year anniversary

Onex Group celebrated its 20-year journey as well as its five-year presence in Greece’s shipbuilding industry. From a turnover of 130,000 euros in 2004 to 170 million euros in 2024.…

Shipping: The four reasons that render the Greek flag “unfriendly”

The Greek registry is in free fall, steadily losing both ships and capacity every year. Since 2023, the Greek registry has fallen below the psychological threshold of 500 ships. At…

EU Commission approves Greece’s medium-term fiscal plan

The European Commission has endorsed a positive assessment of Greece’s draft budget for 2025 and its medium-term fiscal plan, in accordance with the European Semester autumn package – the first…

European Parliament: We avoided an ‘austerity budget’, officials tell “N”

The tripartite negotiations of the European Parliament, the European Commission and the European Council were rather difficult, however, a golden mean was finally found, thus avoiding an “austerity budget” in…

Tuesday, 26 November 2024

Alpha Bank: Collaboration with UniCredit a catalyst for Greek businesses’ extroversion

Thanks to its strategic partnership with UniCredit, Alpha Bank is an ideal ally of Greek businesses in their effort to strengthen their extroversion and competitiveness, Alpha Bank’s Chief of Commercial…

High-Level Advisory Committee on AΙ proposes 6 flagship projects

The goal of further increasing Greece’s attractiveness as an investment destination for high technology was, among other things, at the center of the meeting held between Prime Minister Kyriakos Mitsotakis…

IOBE: The contribution of golf to the Greek economy

The Foundation for Economic and Industrial Research (ΙΟΒΕ) presented a report on “The Contribution of Golf to the Greek Economy.” The report examined the importance and benefits of the development…

Lykos: Printing activities and the transition to the digital world

Nikos Lykos, the main shareholder and head of Austriacard, may see his “creation” constantly improving its financial results (+14% in sales and +10% in net profits in the 9 months…

Crete participates in US workshop – 250,000 Americans visited the island on a cruise ship

The Region of Crete, within the framework of the strategy for promoting the island in the US tourist market, participated in the professional event “Greek Tourism Luxury Workshop” organized in…

Budget: Primary surplus of 13.5 billion euros in Jan-Oct

The budget execution for the period January-October 2024 showed a primary surplus of 13.528 billion euros, compared to a target for a primary result of 12.930 billion euros and a…

StealthGas announces record profitability in 9-month

StealthGas, owned by Haris Vafias, announced record nine-month profits. More specifically, the Nasdaq-listed company announced profits of 55.7 million dollars, up 29.3% compared to the same period in 2023 –…

Greece-European Commission agree on changes to shipping taxation

The European Commission announced that Greece accepted the proposals for the Greek shipping tax regime that it had put forward. Specifically, as stated in the relevant announcement, Greece accepted on…

Intracom Telecom: New production unit in Kozani

Intracom Telecom, a global technology systems and solutions provider, announced a 45-million-euro investment in a state-of-the-art manufacturing facility in Kozani, Greece. The construction is scheduled to commence in 2025 and…

Copper Alliance and Hellas Gold sign cooperation agreement

The Copper Alliance and Hellas Gold have entered into a strategic partnership, with the aim of strengthening the copper market and improving Greece’s position in the global market. Hellas Gold,…

Monday, 25 November 2024

Cosmote: High-speed submarine network in the Aegean

Cosmote has undertaken the design, study and construction of seven new submarine fiber optic infrastructures in the Aegean, as part of its participation in the European Sea-Spine project, to serve…

Eurobank acquires 24.66% stake in Hellenic Bank

Eurobank announced that it has entered into share purchase agreements with Demetra Holdings Plc and Logicom Services Limited pursuant to which, Eurobank has agreed to acquire 24.66% holding (101,794,409 shares)…

Taxpayers will pay over 5 billion euros per month in 2025

Taxpayers are expected to pay more than 5 billion euros per month, on average, in 2025, for direct and indirect taxes, in order to achieve the budget target of collecting…

Black Friday: A ray of light in the “cloudy” electrical and electronics market

Positive climate is recorded lately in the electrical and electronic goods market ahead of the Black Friday, which has already begun unofficially and will peak on the last weekend of…

Athens Chamber of Tradesmen asks for the taxation of large companies that evade taxes

The prime minister’s intention to tax large companies that evade taxes, as announced at an event of the Finance Ministry, is welcomed by the Athens Chamber of Tradesmen. The president…

2025 Budget: 1,116 tax exemptions at a cost of 18.8 billion euros

The cost of tax exemptions to the state budget amounts to 18.8 billion euros. Based on the data listed in the tax expenditure report of the 2025 budget, the cases…

Dynagas LNG considers investments in new shipping markets

Contracted revenues for Dynagas LNG Partners remain steady at over 1 billion dollars. George Prokopiou’s holding company, which is listed on Wall Street and manages a fleet of six LNG…

Fitch Affirms Greece at ‘BBB-‘, Outlook Stable

Fitch Ratings has affirmed Greece’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BBB-‘ with a Stable Outlook. Greece’s ratings are supported by income per capita levels above and governance indicators…

Kefalogianni: We must work for tourism’s qualitative development

Tourism Minister, Olga Kefalogianni, participated in the 12th General Assembly of the Hellenic Chamber of Hotels (HCCH), where she highlighted the basic regulations for short-term rentals included in the new…

Greek shipowners place new orders worth 1.6 billion dollars

The order book of Greek interests in Asian shipyards is constantly expanding. In the last ten days, brokers from Greece and abroad have recorded 16 new orders from five Greek-owned…

Friday, 22 November 2024

HEDNO: New application shows how much energy from RES is produced in Greece

Hellenic Electricity Distribution Network Operator (HEDNO) is launching a new application that will inform users immediately and accurately about the energy produced by Renewable Energy Sources. Within the framework of…

PPC Renewables: Construction of three wind parks in Greece with a total capacity of 100MW

PPC Renewables announced the construction phase of three new wind parks in Greece, with a total capacity of approximately 100MW, moving forward with the organic growth of PPC Group’s RES…

OPAP: Building on high gaming performance

OPAP CEO Jan Karas focused on the successful implementation of OPAP’s strategy during the analysts’ briefing, emphasizing that they reflect both its strong financial performance and the upgraded products offered…

New tools to combat tax evasion in 2025

The important reforms that have been implemented to modernize the tax administration, as well as the new tools that will be put into operation in 2025 to further improve citizen…

Supermarkets announce higher net profit

Supermarket chains recorded a 10.1% increase in revenue and 32.5% increase in profits in 2023. The net profit margin before taxes stood at 1.8%, slightly higher compared to 1.4% in…

Eugenides Foundation: Commitment to strengthening skills in the blue economy

The Eugenides Foundation actively participated in the discussion on the development of renewable energy sources at sea, within the framework of the “Offshore Wind Energy Greece 2024” conference on Greek…