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Tuesday, 02 December 2025

PPA: Emergency drill for pollution incident response at the Port of Piraeus

Piraeus Port Authority S.A. (PPA) carried out, once again this year, in the central Port and specifically in the Ferry Terminal (Gate E7), an emergency drill for responding to incidents…

Lamda Development: Strategic partnership with Cosmote Telekom at The Ellinikon

Lamda Development, through its subsidiary Elliniko M.A.E., and Cosmote Telekom signed a memorandum of understanding, aiming to strengthen the technological ecosystem of The Ellinikon. This collaboration in the telecommunications sector…

Corfu Port: Impressive performance, confirming its role as a maritime hub in the Adriatic

Τhe port of Corfu recorded one of the most impressive performances, confirming its role as a powerful maritime hub in the Adriatic. The latest data from the Port Authority reflect…

Supermarkets: The 10 largest chains account for 92% of total turnover

The 10 largest of the 43 remaining players in the organized retail sector accounted for the lion’s share of total turnover and net profits, specifically 91.81% of total sales. The…

Greek manufacturing: PMI index falls at 52.7 points in November

The Greek manufacturing sector remained positive in November, however, new orders and production declined. The sector’s recovery weakened as reduced customer purchasing power led to a marginal increase in new…

Monday, 01 December 2025

Greece ranks fourth in IMO Council election with 153 votes

Greece was ranked 4th place in Category A of the IMO Council, with 153 votes out of 169 participating countries, confirming once again its leading role in international shipping. In…

4th HELEX roadshow in London: Greek banks in the spotlight – Series of meetings with investors

The two-day Investment Conference of HELEX in collaboration with Morgan Stanley has started with a large participation of investors and funds, a banking source present at the conference in London…

TOP Ships signs forward contract for possible acquisition of properties in Dubai

TOP Ships Inc. (TOPS), owner and operator of modern “ECO” tankers, announced that it has signed a forward contract for the potential acquisition of certain residential properties in Dubai from…

Greek-Saudi cooperation in shipping

The Minister of Maritime Affairs and Insular Policy, Vassilis Kikilias, had a private meeting with the Deputy Minister of Transport of Saudi Arabia, Dr. Rumaih Al-Rumaih, on the sidelines of…

Kikilias: US investments to Greek ports will create surplus value

“I believe that there will be American investments in Greek port infrastructure in the coming months. The Greek government will move with transparency, but also determination based on the European…

Greece and Saudi Arabia mega project is maturing

The commitment of the Operators of Greece and Saudi Arabia – IPTO and National Grid – to promoting the electrical interconnection between the two countries was confirmed by a recent…

Greece’s gambling market moved upwards in Jan-Sept

The Greek gaming market moved upwards in the 9 months of 2025 (January – September 2025), as shown by the data of the Hellenic Gaming Commission. The reformed TGR (Total…

OPAP Allwyn: Commitment to growth strategy

The management team of OPAP and Allwyn, in the presence of Robert Chvatal, Chief Executive Officer Allwyn, Kenneth Morton, Chief Financial Officer, Katarina Kohlmayer Board Member (Allwyn and OPAP), Jan…

London: Morgan Stanley and…30 trillion awaiting Greece

The Greek economy, systemic banks, the Athens Stock Exchange and the largest listed companies will meet on Monday and Tuesday with 100 powerful investment firms that manage a total of…

SCYTALYS: Strategic agreement with Indonesian PTDI for the development of a Maritime Surveillance aircraft

A framework agreement of strategic importance was signed on November 21, 2025, at the Embassy of Indonesia in Athens, between the Greek company SCYTALYS (member of EFA GROUP) and the…

Friday, 28 November 2025

Kikilias to “N”: Doubling the unemployment benefit for seafarers; expanding group of potential beneficiaries

The Ministry of Maritime Affairs and Insular Policy, in collaboration with the Ministry of National Economy and Finance, is promoting two important moves to support unemployed seafarers. This involves doubling…

Strategic alliance between ICS and China

The Secretary-General of the International Chamber of Shipping (ICS), Thomas Kazakos, met with China’s Deputy Minister of Transport, Yang Li, in London, marking a significant strengthening of international maritime cooperation.…

Grecotel: 1.0-billion-euro investments by 2030 – Creation of new units and opening abroad

Grecotel group is implementing an ambitious investment plan of 1 billion euros from 2020 to 2030, according to General Manager Nikos Bousgolitis. Bousgolitis was speaking at an event held on…

Shipowner Polys Hajioannou enters the tanker market

Shipowner Polys Hajioannou has made an investment in the tanker market, through the private company Safety Management Overseas. The deal, which is reportedly valued at 86 million dollars, concerns two…

LNG carriers: The rally continues unabated

The LNG carrier freight market is at the center of global interest, as freight rates continue their rally, reaching the highest levels of the year. The market entered an upward…

Safe Bulkers: Intensive fleet upgrade

In a period of increased uncertainty for the international dry bulk market, Safe Bulkers manages to maintain a steady pace and operational consistency. The US-listed shipping company announced its financial…

Greece is aging rapidly; demographics push for higher retirement ages

Greece is aging rapidly and its workforce is shrinking, with the huge demographic problem affecting the country’s insurance system and the possibility of increasing the retirement age for young workers…

THEON signs new contract for up to 25,000 sets of thermal clip-onsights in Germany, with value of more than 100 million

Theon International Plc (THEON) announced a framework agreement with the German Bundeswehr for up to 25,000 sets of THEON’s thermal weapon mounted clip-on sights. The contract sees initial firm order…

Recovery Fund: The key dates for December

Greece is preparing to submit the 7th request, amounting to 3.5 billion euros (grants and loans) in December, after the disbursement of the 6th installment from the grant component of…

Intralot: Adjusted EBITDA at 90 million euros for the nine months

Intralot announced that its revenues reached 242.5 million euros in the nine-month period, a 2.9% decline year-on-year, but were broadly stable on a constant currency basis (+0.3%). AEBITDA performance remained…

Thursday, 27 November 2025

Lidl Hellas: 200-million-euro investment plan for 2026-2027

Lidl Hellas is planning investments of 200 million euros for the two-year period 2026-2027, which focus on upgrading and strengthening the network and the dynamics of the distribution centers. According…

Theodoratos highlights the role of Greek passenger shipping

The World Sustainable Transport Day is an annual reminder of the need for transport systems that support not only economic growth, but also social cohesion and environmental protection. In Greece,…

Pierrakakis: Greece has the fiscal space to address the demographic problem

The Minister of National Economy and Finance, Kyriakos Pierrakakis, referred to demographics and the government’s support policies in a post on social media. In particular, Pierrakakis emphasized that “demographics cannot…

Piraeus Bank completes the acquisition of Ethniki Insurance

Piraeus Financial Holdings S.A. informed the investment community that its subsidiary, Piraeus Bank S.A., has concluded the acquisition of the total shares (percentage 100%) of the parent company of Ethniki…

Marios Iliopoulos & SEAJETS awarded for their contribution to extinguishing large fires

In a ceremony dedicated to strengthening civil protection and taking stock of this year’s fire season, Marios Iliopoulos and SEAJETS were honored by the Minister of Climate Crisis and Civil…