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Friday, 11 October 2024

Kontopoulos: The waiting list, the only case in the Eurozone and the marathon

The Athens stock exchange CEO, Yannos Kontopoulos, is a step closer to his big goal, which he set since the first day of assuming his duties, 2.5 years ago. FTSE…

Stournaras: As long as measures are not taken, the cost of climate change will rise

Studies have shown that the cost of climate change is about to increase, as long as no measures are taken to mitigate the phenomenon, Bank of Greece (BoG) governor, Yannis…

Shipping: The road to green transition is a “marathon”

The managing director of Prominence Maritime, Ioanna Prokopiou, characterized the big issue of the green transition in shipping as a “marathon” and not a “sprint.” Addressing the 5th Athens Triennial…

EcoLog: A green project in the UK

EcoLog, owned by shipowner Peter Livanos, went a step further in designing a network of ships and infrastructure for the transport of liquefied carbon dioxide. The company has signed a…

Special Spatial Planning of Tourism divides mining industry and tourism sector

The Special Spatial Planning of Tourism has triggered a conflict between the mining industry and tourism. According to the executives of the mining sector, it leads to a conflict of…

MED9 Summit: The issues on the agenda of the leaders of the European South

The leaders of 9 Mediterranean member states of the EU will meet on Friday in Paphos amidst critical developments in the Middle East. The Summit of MED9 (Greece, France, Italy,…

Hydrocarbons: Second phase of survey southwest of Crete by the ExxonMobil/Helleniq Energy joint venture

The Hellenic Hydrocarbons and Energy Resources Management Company (HEREMA) announced the successful completion of the first phase of exploration for hydrocarbons carried out by the ExxonMobil/HELLENiQ ENERGY consortium in the…

Hatzis sounds alarm over tourism performance – Excessive taxes weigh on competitiveness

Yannis Hatzis, president of the Panhellenic Hoteliers Federation, outlined the difficulties plaguing Greek tourism, in an interview with “Naftemporiki” TV. Looking to the future, Hatzis referred to the competition that…

IPTO: The second phase of the tender for the interconnections of the Dodecanese and NE Aegean

The second phase of the IPTO international tender begins, with the aim of concluding a framework agreement for the 150 kV AC submarine cable projects of the interconnections of the…

UniSystems provides AI solutions

UniSystems is advancing in the provision of services based on Artificial Intelligence. The IT company, a member of the Quest group, in collaboration with SmartRep, created through Artificial Intelligence the…

Thursday, 10 October 2024

Greece’s loan strategy projected to slow next year

Greece’s loan strategy will include a limited number of bond issues in 2025. According to the 2025 draft budget, key factors for next year’s planning are the high cash reserves,…

Latsis: Investment of 225 million euros for the construction of apartments for rent in Ellinikon

The construction of approximately 160 apartments for rent in Ellinikon is underway following the establishment of the special purpose company AURA Residential. This is a total investment of 225 million…

Job vacancies due to lack of skills

The development of businesses creates new jobs that are not easily covered, due to a lack of skills on the part of the workers, but also because many Greeks have…

Fraport Greece: Suspension of operation in 9 regional airports to upgrade runways

Nine regional airports will suspend their operation between November 2024 and February 2025 for runway upgrades, manager Fraport Greece announced. More specifically, the following airports will be affected. – Samos…

Pyatt to “N”: Greece’s amazing transformation into an energy hub

Greece’s transformation into an energy hub is amazing, Assistant Secretary at US Department of State Geoffrey Pyatt said in an exclusive interview with “Naftemporiki” and Michalis Psilos. Former US Ambassador…

Investments in new ship orders at peak levels

Investments in new ship orders have reached their highest level this year since the three-year period 2006-2008, when they reached an all-time high. According to Clarksons’ data, the market has…

Tourism: Promotion of Greek destinations to Turkey 

The promotion of the Regions of Central Greece, Western Macedonia, Eastern Macedonia & Thrace and Alexandroupolis to the Turkish tourist market dominated a conference held on October 2, 2024 at…

FedHATTA president to “N”: The numbers of tourist arrivals do not tell the truth

The numbers of tourist arrivals in Greece do not reflect the real situation, Lysandros Tsilidis, the president of the Federation of Hellenic Associations of Tourist and Travel Agencies (FedHATTA) told…

GEK Terna: Latsco will pay 77 million euros for Attiki Odos

A few days after the acquisition of Attiki Odos, GEK Terna sold a percentage of the company Nea Attiki Odos Concession to Latsco Direct Investments Cyprus, the investment vehicle of…

Wednesday, 09 October 2024

Vacation home co-ownership model

A different proposal for the acquisition of a luxury vacation home was presented by the newly founded company Owners. It is aimed at Greeks who are looking for a vacation…

Athens stock exchange: Banks represent 1/4 of the capitalization – Which ones stand out

The Athens Stock Exchange is becoming more and more bank-centric, which is also reflected in the new, increased weighting factors in the FTSE indices. At the moment, the cumulative capitalization…

TITAN signs contract with Thyssenkrupp Polysius for a large-scale carbon dioxide capture project

TITAN has signed a FEED-Front End Engineering & Design contract with Thyssenkrupp Polysius for the IFESTOS large-scale carbon dioxide capture project. According to the announcement, this collaboration is an important…

Cenergy Holdings: Cable production unit in the US is of key importance

The establishment of the cable production unit in the US is critical for Cenergy Holdings. According to the company’s management, the new investment launched on the other side of the…

FTSE adds Athens Stock Exchange to Watch List – Hatzidakis: Excellent news

FTSE Russell added the Athens Stock Exchange to the Watch List for the next 12-18 months with the view to upgrading it to “Developed Market” from “Advanced Emerging.” According to…

AEGEAN passenger traffic exceeds 12.5 million in Jan-Sept 2024

AEGEAN passenger traffic increased by 5% in the first nine months of 2024, compared to the previous year, exceeding 12.5 million passengers. At the same time, it carried more than…

Hatzidakis: Strengthening the competitiveness of the European economy is a top challenge

The Minister of National Economy and Finance Kostis Hatzidakis, who participated in the Eurogroup and ECOFIN meetings in Luxembourg, referred to the Letta and Draghi reports. Addressing his counterparts, Hatzidakis…

Stassis: Dynamic regulation of markets, unification of capital markets and acceleration of networks

“We have markets that are operating efficiently and giving the right signals. We need dynamic (not unpredictable) regulation to de-risk and invest in infrastructure. And we definitely need a capital…

Flexopack: New factory in the USA – Investment of 33 million dollars

Flexopack is making a new investment of 33 million euros, with the aim of further penetrating the US. More specifically, ‘Flexopack USA INC’, which is controlled by the Cypriot subsidiary…

Union of Shipowners and Cruise Ships meets with Stylianidis 

Issues that concern the cruise industry, such as the crisis in the Middle East and the implementation of the cruise passenger fee, were discussed in a meeting held by the…

Tuesday, 08 October 2024

Chemical Convention to be held in Athens; chemical industry’s contribution to GDP

The contribution of the chemical industry, which faces the future by focusing on innovation and advanced materials, reaches 2% of GDP, as highlighted in a recent event for the celebration…