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Monday, 16 December 2024

Investments in data centers in Greece

Greece’s goal to become a data processing and transfer center seems more feasible than ever. However, most of the investments that have been announced, and if implemented will change the…

Research Greece revises GEK TERNA shares

Research Greece revised the target price for the GEK TERNA’s share at 25.8 euros and gave a buy recommendation (Own It). In its new note, the specialized and independent financial…

Metlen applies for second listing in London

Greek energy group Metlen has applied for a second listing on the London Stock Exchange (LSE), according to two sources cited by Reuters. The company’s shares are currently traded on…

Athens stock exchange: The bittersweet taste of 2024 and the Christmas gifts

The General Index on the Athens Stock Exchange has shown an average return of +13.5% since the beginning of the year, as the first half of December has largely restored…

Iktinos: Approval for the quarry in Volakas

Iktinos received approval from the decentralized administration of Macedonia Thrace for the lease, by direct contract, of a public area of 99,403 sq.m. for the underground exploitation of a marble…

Greek parliament passes 2025 Budget; tax reliefs and income support measures

Greece passed the 2025 budget – a budget with almost zero deficits, strong primary surpluses, high growth rates, unemployment below 10%, inflation close to the 2% target – at a…

Hellas Gold: Total economic value of 343.9 million euros

The 2023 Social Responsibility Performance Report of Hellas Gold shows a total economic value of 343.9 million euros, and the strengthening of both  local and national growth. According to the…

Sallas to Naftemporiki TV: It is unfair to claim that banks received money from the State

“It is unfair to claim that banks received money from the State. They did take money, but they had previously written off claims against the Greek State with the PSI…

Entersoft-Softone Merger: A leader in Business Software

Olympia Group, owned by Panos Germanos, announced the integration of Entersoft and Softone into a single organization. The two companies together will have revenues of around 120 million euros with…

The next day for Greece’s water utility EYDAP

The energy crisis may significantly affect the financial and stock market course of EYDAP, but CEO Haris Sachinis, who has been at the helm of the water company since 2019,…

Friday, 13 December 2024

Greece’s Gross Registered Tonnage (GRT) on a downward path

Greece’s Gross Registered Tonnage (GRT) has been reduced by 40% since 2014, based on data published by the Hellenic Statistical Authority (ELSTAT). More specifically, 356 cargo ships were registered under…

Huawei launches European Logistics Hub at the Piraeus Container Terminal

The technology giant Huawei is planning to create a European Logistics Hub at the Cosco facilities in the port of Piraeus, demonstrating the emphasis it places on its investment in…

Helleniq Energy’s plan to make Elpedison a leading company

Helleniq Energy aims to radically reform Elpedison in order to render it a leading company in the energy sector. The management of the Helleniq Energy group and CEO Andreas Shiamisis…

Start-ups: Funding for Greek startups to reach 555 million euros in 2024 

Capital of 555 million euros was invested in approximately 90 Greek startups in 2024, an increase of 15% compared to the previous year, according to the “Digital Transformation in Greece…

Metlen share in Citi’s top-3

Citi’s top picks for 2025 include Metlen, with the US bank’s analysts giving a target price of 46 euros, which translates into a 40% upside margin. Based on the optimistic…

10th Greek-German Food Forum: Bilateral agreements, a pillar of extroversion for the agricultural sector

More than 80 B2B contacts were held between Greek companies in the primary sector, standardization and production of agricultural goods, and German import companies, in the context of the 10th…

Supreme Court’s ruling hurts the real estate market

The ruling of the Council of State, Greece’s Supreme Court, to essentially repeal the New Building Regulation has significantly affected the real estate market, freezing construction for an unknown period…

OECD stresses Hellenic Development Bank’s significant contribution to supporting SMEs

Τhe Organization for Economic Co-operation and Development (OECD) made special mention in its annual report on the Hellenic Development Bank (HDB), noting its significant contribution to strengthening small and medium-sized…

AB Vassilopoulos: 300 franchise stores throughout Greece

AB Vassilopoulos’ franchise network has reached 300 stores nationwide, with the collaboration of 223 entrepreneurs and more than 2,000 employees. Of the network of 300 franchise stores in Greece, 200…

Thursday, 12 December 2024

Electrical and electronic devices below expectations in Jan-Oct

The electrical and electronic goods market proved to be below expectations in the 10-month period of 2024. According to GFK data for the period January – October 2024, the market…

‘Illegal’ term in a tender for ‘barren lines’ freezes the procedure

The barren coastal shipping lines are in the air, due to an “illegal” term in the announcement of the tender of the Ministry of Shipping last October. As coastal shipping…

The 9 “golden” energy deals of the Stock Exchange

The energy sector was in the spotlight in 2024, with companies listed on the Athens Stock Exchange attracting the interest of investors. This is also reflected in the value of…

Superbrand 2024: Minoan Lines awarded as the leading company in the transport sector

MINOAN LINES was awarded as the leading corporate brand in Greece’s transport sector in 2024 within the framework of the internationally renowned “Superbrands” institution, which recognizes corporate brands that have…

Xiradakis: Capital flow to European shipyards is limited

The issue of financing is the huge problem facing the shipbuilding industry in Europe and especially in Greece. “It is a pity that the flow of capital has been limited…

Green light for strategic investments of 253 million euros

The Interministerial Committee for Strategic Investments gave the “green light” to four investments with a budget of 253 million euros, in the context of implementing the country’s new production model…

PPC Group launches renewable energy production in Italy

PPC Group announced the operation of two new photovoltaic plants in Italy, with a total installed capacity of 32 MW, marking the Group’s entry into the Italian Renewable Energy Sources…

Wednesday, 11 December 2024

The climate crisis and the green transition in tourism at the European Parliament

The climate crisis and the green transition dominated a meeting at the European Parliament in Brussels with the participation of representatives of ten leading pan-European associations and bodies in the…

Megalou: 40 billion euros for strategic business sectors by 2027

A stable, profitable and truly modern banking system will support the long-term growth of the Greek economy, Piraeus Bank CEO Christos Megalou said speaking at the 26th Capital Link Invest…

Nova announces higher revenues and losses in 2023

The telecommunications company Nova presented higher revenues and losses in 2023. More specifically, total revenues rose by 1.4% to 819.3 million from 807.9 million, while its turnover amounted to 805.7…

Dennis Shen (Scope Ratings) to “N”: What to expect after the upgrade – The next challenge for Greece

The declining public debt combined with the government’s commitment to fiscal stability and strengthening of the banking sector were the main reasons for Scope Ratings to recently upgrade Greece’s credit…