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Wednesday, 02 April 2025

Titan plans to distribute additional 230 million euros to investors

From a stock market perspective, it may be difficult to repeat last year’s strong rally of +87%, but Titan Cement’s chairman Dimitris Papalexopoulos has the know-how to keep shareholders and…

Defense systems “made in Greece”

The debate on the new 12-year armament program under Prime Minister Kyriakos Mitsotakis will take place in Parliament on Wednesday, at 11:00. The Minister of National Defense Nikos Dendias is…

Fitch upgrades Greece’s systemic banks

Fitch rating agency upgraded the four largest banks of Greece, citing the improvement of their standalone credit profile and in the operational environment in Greece. More specifically, Fitch Ratings has…

Costamare Bulkers: “Investors Day” on April 9

Costamare Bulkers Holdings, a subsidiary of Costamare Inc, is about to get listed on the US stock exchange (NYSE). According to an announcement by Costamare, Costamare Bulkers executives will host…

Greek market’s total gaming revenue (GGR) at 2.8 billion euros in 2024

The Greek market’s total gaming revenue (GGR) amounted to 2.879 billion euros in 2024, an increase of 11.0% compared to 2023, according to the Hellenic Gaming Commission. However, the President…

Influencers, livestreams and VR shopping: The six trends that ensure a competitive advantage in e-commerce

From artificial intelligence and cross-border trade to social media, influencers and consumer-brand interaction, revolutionary changes in technology and the emphasis on sustainable development – which also affects consumer behavior –…

Tuesday, 01 April 2025

DBRS: Double upgrade for Piraeus Bank to investment grade

DBRS Ratings GmbH (Morningstar DBRS) upgraded all credit ratings of Piraeus Bank S.A., including the Long-Term Issuer Rating to BBB from BB (high). Concurrently, Morningstar DBRS upgraded the Bank’s Long-Term…

Electronic payments: How the gradual decline of cash filled state coffers

The replacement of cash with electronic payments led to the increase in direct VAT revenues by at least half a billion euros. According to research by the Independent Public Revenue…

Manufacturing: Production, new orders, employment accelerate

Greece’s manufacturing sector improved further in March, according to the latest PMI® data from S&P Global. The overall gain in the goods-producing economy was the strongest in nearly a year,…

Performance Technologies: Organic growth and turnover up 28.5%

Performance Technologies registered the seventh consecutive year of excellent growth in 2024, a fact that, according to the management of the listed company, confirms its strategy and its choices for…

Four investment schemes express interest in tender for the concession of cruise activity in Katakolon, Patras and Kavala

Growthfund announced that four investment schemes have submitted expressions of interest in the international tender process for the concession of the cruise activity in the ports of Katakolon and the…

PPA: Higher revenue and profits in 2024

Piraeus Port Authority S.A. (PPA) announced historically high revenues, net profits and dividend distribution, as well as strong performances in the key business areas in the fiscal year 2024. Total…

LNG: Its use as a marine fuel is gaining ground

The use of liquefied natural gas (LNG) as a marine fuel is gaining ground, in view of the regulatory framework of the International Maritime Organization (IMO) for the green transition…

Mega-containerships are changing the market

The global shipping industry is once again at the center of attention for giant container ships, as their share of the global orderbook and active ships continues to grow. According…

Sunlight Group: Improving battery technology with the use of AI

Sunlight Group, a member of the Olympia Group and a technology company, is moving forward with the development of advanced Artificial Intelligence models for predicting key battery parameters, in collaboration…

Diana Shipping: “Closing bell” for 20 years on the NYSE

Diana Shipping is celebrating two decades on the New York Stock Exchange on April 1, 2025, and its CEO Semiramis Paliou together with the company’s management team will ring the…

Monday, 31 March 2025

Metlen: Strategic Partnership with IVECO for the Armed Forces

METLEN and IVECO DEFENCE VEHICLES (IDV) are advancing a strategic partnership for the modernization of the military vehicle fleet of the Greek Armed Forces. The two groups are inaugurating a…

Alpha Bank acquires AXIA Ventures

Alpha Services and Holdings, 100% parent company of Alpha Bank, has reached an agreement with the founders and other main shareholders of AXIA Ventures Group Ltd regarding the main commercial…

Tax evasion and black money cost billions of euros

Hundreds of taxpayers and businesses caught in the “nets” of the law enforcement authorities for laundering “black” money are already facing “heavy” fines and criminal prosecutions. The confirmed amounts of…

Greek marble companies stand out at Xiamen Stone Fair 2025

The Chinese market maintains its position as the main import market for Greek marbles, absorbing approximately 68% of total Greek exports in 2024, which demonstrates the importance of this market,…

Roupakias: You cannot talk about development policy when your development tools don’t work

The lack of sufficient technical and specialized labor force and the long delays in the programs of the development law are the two biggest problems for the industry-manufacturing sector in…

Escape clause grants Greece an additional amount of 3.6 billion in spending

Any member state wishing to activate the new escape clause for defense spending must submit a request to the European Commission by the end of April. The Commission will then…

The maritime cluster dominates meeting betweeen Kikilias and Pireaus Chamber

The maritime cluster “Maritime Hellas”, an initiative supported by the Union of Greek Shipowners, the Hellenic Maritime Chamber and the Piraeus Chamber of Commerce and Industry, dominated the meeting between…

Mitsotakis meets Herzog in Jerusalem: Hostage release and ceasefire in Gaza

Prime Minister Kyriakos Mitsotakis met on Sunday with Israeli President Isaac Herzog in Jerusalem. Mitsotakis spoke of a warm welcome, while noting that “we attach great value to the strategic…

Trastor’s portfolio to exceed 1 billion euros

Trastor REIC share capital increase, amounting to 120 million euros, will have been completed by July, with its management estimating that the company’s real estate portfolio will soon exceed 1…

Hatzidakis on Chevron: It recognizes the Greek EEZ in the region

Deputy Prime Minister Kostis Hatzidakis spoke of a “national success,” referring to Chevron’s interest in hydrocarbon exploration south of Crete. In his post, he noted: This national success has very…

Margaris (PTO): Cuts will increase along with the penetration of RES

Green electricity cuts “go hand in hand” with the increasing penetration of RES, the Vice President of IPTO and General Manager of Technology, System Development & Strategy, Ioannis Margaris, said…

Friday, 28 March 2025

METLEN strengthens its role in providing critical raw materials to the European market

The approval of 47 investment projects by the EU Commission concerning critical raw materials within the framework of the CRM Act strategy by the member states, which include METLEN’s vertically…

Fourlis Group opens its first Intersport Football Store

Fourlis Group has opened its first Intersport Football Store. As naftemporiki.gr has already reported, this is a new type of store specializing in football.According to Vangelis Batris, Managing Director…

Lamda Development updates projects’ timeline

Lamda Development’s CEO, Odysseas Athanasiou, referred to the delays in the completion of some of some projects in the Ellinikon, mainly those concerning the residential tower, Riviera Tower, and the…