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Monday, 18 November 2024

Greece is paying off its debt early; the loan repayment program

It is now only a matter of time before the European Stability Mechanism (ESM) gives the green light for the utilization of the “hard core” of cash reserves, amounting to…

2025 Budget: Deficit reduction to 0.6% and debt to 147.5% of GDP

High primary surpluses, lower deficits and debt, restraint of public expenditure but also interventions amounting to 1.1 billion euros will be included in the final draft of the 2025 Budget…

EcoLog signs agreements for transport of green hydrogen and liquefied carbon dioxide

EcoLog, owned by Peter Livanos, signed two landmark agreements for the transport of green hydrogen and liquefied carbon dioxide between Norway and the Netherlands. The two agreements were signed with…

Focus Bari: More and more Greeks make use of the internet

More and more Greeks live in the digital world every day, especially the citizens of the countryside and the older ones, but this fact has increased the anxiety about cybercrime…

Greek economy: How it became a fiscal model for the … Germans

2024 will end with an impressive economic performance including an almost balanced budget, as the deficit, based on the latest estimates of the economic staff, is expected to fall below…

Friday, 15 November 2024

Lamda Development plans to sell another 500 properties in Ellinikon in 2025

About 550 apartments will be available for sale in Ellinikon in 2025 by Lamda Development, which is in negotiations with banks for the financing of the two new shopping centers…

Safe Bulkers: Strong profitability – Shipbuilding program in focus

Safe Bulkers’ nine-month revenue stood at 236.1 million dollars, up 34 million compared to the same period in 2023. The US-listed company registered revenue of 70.5 million dollars in the…

EU Commission sees primary surplus at 3% , public debt at 140% of GDP

Greece is expected to continue registering growth rates above 2% until 2026, return to high primary surpluses close to 3% in the years 2024-2025, reduce unemployment at a slower rate…

Stylianidis: Green shipping program seen rising to 2 billion euros

In 2027 and 2028, the public and private funds that will be required for the “greening” of coastal shipping and the development of port infrastructure are expected to rise to…

TIF-HELEXPO: Memorandum of cooperation with Hermes Expo International

TIF-HELEXPO signed a memorandum of cooperation with the organization Hermes Expo International as part of the strategy for international networking and expanding the extroversion of Greek businesses. The memorandum was…

PPA’s strong presence in 7th China International Import Exhibition (7th CIIE)

PPA S.A. participated in the 7th China International Import Exhibition (7th CIIE) in Shanghai, from November 5 to November 10, highlighting the strategic importance of the port of Piraeus in…

Greece ranks first in overdue debts to tax authorities

Greece ranks last in the OECD list due to the “volume” of overdue debts to the tax authorities. The problem became worse during the economic crisis and remains extremely acute,…

ALUMIL strengthens its presence in Canada – New partnerships and participation in pioneering projects

The president and CEO of ALUMIL George Mylonas had contacts with the biggest developers and construction companies in Canada. More specifically, he had meetings with companies that he has strategically…

Helleniq Energy: Increase in production and sales

Helleniq Energy Holdings SA announced its consolidated financial results for the third quarter, with Adjusted EBITDA amounting to 183 million euros and Adjusted Net Income to 49 million euros, while…

Aegean Airlines: Record passenger traffic and turnover in 9-month

Aegean Airlines announced its consolidated net revenue rose 4% to 1.38 billion euros in the first nine months of 2024, compared to the same period in 2023. The company offered…

Thursday, 14 November 2024

Hatzis: 2024 is a year of mixed signs for Greek tourism

2024 is a year of mixed signs for Greek tourism, according to the President of the Hellenic Hoteliers Federation, Yannis Hatzis, while revenues have not yet exceeded in real terms…

OTE: Revenue up 2.5% in Q3 – Rise in TV and FTTH subscribers

OTE announced strong performance in the third quarter of 2024, with an increase in revenue and adjusted EBITDA (AL) at Group level. According to the company’s announcement, consolidated revenues at…

Ellinikon proves lucrative for Lamda Development

Real estate sales in Ellinikon brought an 82.8% revenue increase to Lamda Development, based on the 9-month results announced by the company’s management. In particular, the consolidated revenues amounted to…

Heating allowance platform opened; 1.3 million beneficiaries

The 1.3 million beneficiaries of the heating allowance have to submit an application on the platform of the Independent Authority for Public Revenue (AADE) until December 6. They will receive…

Corinth Pipe Works: Production capacity expansion plan concluded

Corinth Pipeworks, the steel pipe division of Cenergy Holdings, is moving forward with a series of strategic investments that will strengthen its capacity and boost its production capabilities for the…

Euribor falls below 2.5% for first time in two years

Euribor fell below 2.5%, for the first time since September 2022, offering some optimism to loan holders. Euribor, the benchmark for most floating-rate mortgages, fell to 2.495%, breaking the 2.5%…

Greek shipowners are building the dream fleet of the future

An entire fleet, which the largest registries in the world could envy, is currently being built by Greek shipowners. At the end of October 2024, Newsfront/Naftiliaki had confirmed 552 orders…

Posidonia: 2024 Sustainability Report

Posidonia Exhibitions SA announced the results of the Event Sustainability Report for Posidonia 2024, certifying the long-term commitment to organizing environmentally sustainable exhibitions with a positive impact on society and…

PPC investments doubled to 1.6 billion euros

PPC announced an increase in investments to 1.6 billion euros in the nine-month period from 800 million last year, an increase in turnover to 6.6 billion euros from 5.5 billion…

Hatzidakis: Significant progress since 2019

The Minister of National Economy and Finance, Kostis Hatzidakis, spoke at the 8th Annual Economic Conference of the Hellenic Business Association. “In recent years, the myth has been cultivated in…

Wednesday, 13 November 2024

Rating agencies: Fitch’s verdict on Nov 22 – All possibilities open

The reports on the Greek economy from Fitch and Scope Ratings in November and December respectively will end the spiral of 2024 credit ratings. On November 22, Fitch is expected…

Okeanis Eco Tankers: Environmental strategy and security

2023 marked a strong year in financial performance for Okeanis Eco Tankers, while significant steps were taken in promoting environmental policy and crew safety in the wake of geopolitical developments.…

Greece as a center of innovation: Johnson & Johnson Innovative Medicine’s strategy for new treatments and clinical studies

Johnson & Johnson Innovative Medicine maintains a leading position in the Greek market since 1973 with 83 innovative pharmaceutical products, promotes innovation, invests in development and aims to improve the…

39th PHILOXENIA HOTELIA to be held on Nov 14-16 with increased number of international trade visitors

The 39th International Tourism and Hotel Equipment Exhibition PHILOXENIA HOTELIA will open its gates on November 14, at the Thessaloniki International Exhibition Center, with more foreign participations – three of…

Time is running out for new digitization projects under the Recovery Fund

Time is running out for the announcement of new Information and Communications Technology (ICT) projects with resources from the Recovery Fund. It is noted that the Information Society has undertaken…