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Tuesday, 31 December 2024

BDI performance is sluggish compared to 2023 levels

As 2024 comes to an end, the key Baltic Dry Index (BDI) is showing a lackluster performance this year compared to the strong levels of 2023. As reported on the…

Tourism for All: The program for the new cycle signed-The beneficiaries and the amounts

Tourism Minister Olga Kefalogianni signed the agreement for the “2025 Tourism for all” program. “The Ministry of Tourism’s program aims to boost domestic tourism and regional development,” the minister underlined.…

Monday, 30 December 2024

Prodea restructures its real estate portfolio

Prodea Investments’ real estate portfolio restructuring is the “most important and largest move” since the establishment of the company, its CEO, Aristotelis Karytinos, said. Based on the most recently published…

131,491 jobs lost in October as tourism season wraps up

A total of 131,491 jobs were lost in October, according to the Ergani system, a number that constitutes the second worst record in the last 23 years. This was the…

VAT revenues record a historic high in 2024

VAT revenues recorded a historic high in 2024, according to official data. More specifically, in the 11th month period, revenues exceeded those of the entire 2023, while the year will…

Stock market: The high returns and the 1.5 billion euros of tech-listed companies

A year “full” of acquisitions, high growth rates and generous valuations is coming to an end for the Technology – Information Technology – Software sector on the Athens Stock Exchange,…

Greek shipyards’ pivotal role in economic development

2024 was a milestone year for Greece’s shipyards – Skaramangas, Syros and Elefsis. ONEX’s effort began in 2018 in Syros, followed by Elefsis in 2022. Today, the group’s development plan…

Shipping: The supply chain at the mercy of developments on the war fronts

The war in Ukraine, Israel’s military operations in the Gaza Strip and the Houthi threat in the Red Sea marked the security of navigation in 2024. The impact of these…

Terna Energy: Masdar has acquired about 85%

Masdar’s stake in Terna Energy is now close to 85%, as part of the ongoing public offering. At the beginning of the relevant process, the Arabs controlled 70.43%, or 83,357,830…

NVISO’s investment in Greece – Cybersecurity gaining momentum

NVISO has placed Greece at the center of its attention, strengthening the country’s position in the European cybersecurity sector. The company’s investment in Greece is growing rapidly, exceeding initial expectations,…

The winners and losers of new loans

Domestic banks have made progress in closing the financing gap, especially for small and medium-sized enterprises, while household demand remains at a standstill – especially for housing loans. The data…

Greek economy: The 3 battles of the first half that will decide the “war” of 2025

The Greek economy is faced with another year of both great challenges and opportunities. More specifically, three large issues will determine the performance of the Greek economy in 2025, particularly…

Friday, 27 December 2024

Shipbuilding spree to achieve green transition

A series of shipping companies started the replacement or modernization of the fleet in 2024 in order to meet the new EU environmental regulations, with the aim of reducing gas…

The leading role of the Greek-owned fleet and the Europeans’ stance

The Greek-owned fleet is not only the largest in terms of carrying capacity in the world, but it is also the backbone of the European fleet, representing 60%. And thanks…

Clothing: 14.4% jump in retail sales in October; exports down

Retail sales of clothing in Greece recorded a significant increase of 14.4% in October, while exports dropped 9.5%. According to data from the Hellenic Fashion Industry Association (SEPEE), a small…

Considerable amount of debt not settled

A large number of debtors have not proceeded with a debt settlement, according to official data. More specifically, 96.7% or 104.85 billion euros of the overdue debts totaling 108.45 billion…

The Finance Ministry’s plans for 2025; investments and reforms

The Annual Action Plan of the Ministry of National Economy and Finance features 36 emblematic strategies, including 13 investments and 23 reforms. The ministry’s Plan includes 17 new legislative initiatives…

Souroti: Investments in equipment, expansion to new markets

Souroti SA is expected to register a 26% increase in turnover to 17.2 million euros in 2024 compared to 2023 and 70% compared to 2022, according to its management, continuing…

PPC: New energy production projects by 2027

The commercial operation of two new gas turbine units at the PPC Santorini Power Plant, in the Monolithos area of Thira, has begun. With a total nominal power of 30MW…

Sustainable water management: Strategies for the protection οf water resources

EYDAP’s Sustainable Development is based on the sustainable management of the hydrological cycle and the reduction of the company’s environmental footprint. The rational utilization and exploitation of natural resources without…

649 actions to boost Greek exports in 2025

The Secretary General of International Economic Relations of the Ministry of Foreign Affairs and Chairman of the Board of Directors of Enterprise Greece, Dimitris Skalkos, in an interview with “N”…

Monday, 23 December 2024

Reducing public debt by 2026: How and how much?

The Public Debt Management Agency’s (PDMA) annual lending program provides for continuous presence in the markets in 2025 through early repayments of bilateral loans, issuance of bonds but also limited…

Intergovernmental agreement between Greece and Israel to promote regional energy stability

An intergovernmental agreement to promote regional energy stability, as well as innovative energy projects concerning the Eastern Mediterranean and the entire European Union, was signed by the Minister of Environment…

PPA receives two more awards

The Piraeus Port Authority (PPA) received the True Leader and ESG Leading Award Company. The “True Leaders” business award, which is held through ICAP CRIP, the leading group of companies…

Alpha Bank: 461 properties change hands

The first phase of the agreement among Alpha Bank, Dimand (in collaboration with Latsco Family Office), Premia REIC and EBRD (European Bank for Reconstruction and Development) was completed. The project…

7 most promising Greek startups at Endeavor’s Scale Up

According to the report of the 7 startups that completed the 8th Cycle of Scale Up by Endeavor Greece, they accounted for over 50 million dollars and 242 jobs internationally,…

Athens stock exchange: Another positive year; best performing stocks

Investors and shareholders reaped significant returns in 2024, with the Athens Stock Exchange completing another positive year, leaving behind the difficult days of the previous 10 years. With the market…

Crete-Attica electrical interconnection completed

The construction of the Crete-Attica electrical interconnection is an important milestone for the national electricity system. After the necessary tests, it is expected to be put into operation in the…

Diana Shipping: Revenue of 6.42 million dollars from time charter

A time charter contract with Japan’s largest shipping company Mitsui O.S.K. Lines (MOL), for a capesize vessel, was signed by the New York-listed shipping company Diana Shipping, owned by Semiramis…

Hellenic Cables: Contract with RTE for the Bretagne Sud project

Hellenic Cables, in a joint venture with Jan De Nul Luxemburg SA, has signed a framework agreement with the French Electricity Transmission System Operator, Réseau de Transport d’Électricité (RTE). According…