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Friday, 29 November 2024

PPC Group: Significant performance in Sustainable Development in 2023

The PPC Group presented its Annual Sustainable Development Report for 2023, in accordance with the international standards of the Global Reporting Initiative (GRI Standards) and the Athens Stock Exchange ESG…

Fourlis: The “king” of retail, the doubling of profitability and the injustice on the Stock Exchange

The significant value that Vasilis Fourlis has in his “hands” is confirmed by the recent financial figures which prove the dominance of the listed company in the retail sector. In…

Stournaras: Considering the increase of the IRIS payment limit above 500 euros

The data on the course of inflation in the eurozone in November will be announced on Friday by Eurostat and are expected to determine the level of interest rate cuts…

Prokopiou: 1.1 billion US dollars from the sale and leaseback of five LNG carriers

A major deal has been signed by Pure Energy Limited, owned by George Prokopiou, with CMB Financial Leasing Co. It concerns the sale and leaseback of five 200,000 m3 LNG…

Athens hotels occupancy rates rise in Jan-Oct

After a five-month period with a negative sign in the occupancy of Athens hotels, demand rose by 2.2% in October 2024 compared to the corresponding month last year. In the…

Lamda Development: 800-milion-euro loans for the malls construction in The Ellinikon

Lamda Development is expected to proceed with share capital increases in its subsidiaries with shopping centers as well as with agreements for bank financing in order to begin the construction…

ESM gives Greece the green light for early debt repayment

In a much-anticipated move, the boards of directors of the European Stability Mechanism (ESM) and the European Financial Stability Facility (EFSF) have approved Greece’s intention to repay its loans early.…

Thursday, 28 November 2024

Energean: Daily production up 31% in Jan-Sept

Energean announced an increase in production and improved financial figures in January-September 2024. Daily production jumped 31% year-on-year, reaching 156 thousand barrels of oil equivalent (83% in natural gas), while…

French bond yields surpass Greece’s for first time amid political uncertainty

The current political uncertainty, which is plaguing France, the eurozone’s second largest economy, seems to be having serious effects on the markets. The country’s borrowing cost has reached Greece’s levels…

Energy Saving and Data Centers the energy investments of the future-Greece’s serious prospects

The energy efficiency and energy saving sector is emerging in a promising market amid the goals set at European level and the framework of the revised National Energy and Climate…

Kafounis at “N”: November has been sluggish – Black Friday expectations

The offers and expectations in the retail sector in view of the Black Friday were outlined by Stavros Kafounis, president of the Athens Chamber of Commerce, in an interview with…

Attica Bank-Pancreta Bank: Shipping financing with ESG criteria

Attica Bank-Pancreta Bank has advanced its first shipping financing, linked to sustainable environmental criteria, to the shipping company Stem Shipping Co S.A. The financing concerns two sister eco-type dry cargo…

Total assets of insurance corporations at 20.98 billion euros in Q3

Total assets of insurance corporations increased by 381 million euros to 20.980 billion euros in the third quarter of 2024, compared to the previous quarter, according to data from the…

Medicinal cannabis: Tikun Olam Greece starts exports to Switzerland

The first pharmaceutical cannabis company licensed by the National Medicines Organization in our country, Tikun Olam Greece, announced the first export of finished pharmaceutical cannabis products to Switzerland. Tikun Olam…

Manousakis: Feasibility studies for the new electrical interconnection between Greece and Saudi Arabia to be completed within 2025

Feasibility studies for the new electricity interconnection between Greece and Saudi Arabia, Saudi Greek Interconnection, are expected to be completed by 2025, the President and CEO of IPTO, Manos Manousakis,…

Karavias (Eurobank): Expansion in foreign markets and stock market value of 10 billion euros

In a stock market period that is not developing particularly positively for banking stocks, Eurobank CEO Fokion Karavias acquired the second largest financial institution in Cyprus, namely Hellenic Bank, completing…

Wednesday, 27 November 2024

Clothing: Retail sales up, exports down in Jan-Sept

Greece’s retail sector recorded a slight increase in January-September 2024, while exports continued their downward trend that began in 2023. In particular, retail sales of clothing in the domestic market…

TEN: Strong performance in 9-month results

NYSE-listed Tsakos Energy Navigation (TEN) recorded liquidity of 386 million dollars in the third quarter of 2024 and contracted revenues of 1.8 billion dollars, noting that dividends to shareholders have…

Gambling market figures move upwards in Jan-Sept

The gaming market moved upwards during the first nine months of 2024 (January-September), as shown by the data of the Ηellenic Gaming Commission, based on the performance of Gross Gaming…

OTE CEO Nebis presents strategic plan based on three pillars

OTE Telecom CEO Kostas Nebis presented the company’s strategic plan based on three pillars. The first is development with priority in FTTH fiber optic networks so that OTE covers 65%…

Fourlis Group: Higher sales in all retail activities 

Fourlis Group announced consolidated sales of 407.6 million euros in the first nine months of 2024, up from 389.6 million euros in the first nine months of 2023, an increase…

KRI-KRI announces higher profit on strong sales growth

KRI-KRI announced its turnover rose by 17.4% to 207.48 million euros in the nine months, compared to 176.67 million euros in the corresponding period last year. Gross profits amounted to…

Onex Group celebrates its 20-year anniversary

Onex Group celebrated its 20-year journey as well as its five-year presence in Greece’s shipbuilding industry. From a turnover of 130,000 euros in 2004 to 170 million euros in 2024.…

Shipping: The four reasons that render the Greek flag “unfriendly”

The Greek registry is in free fall, steadily losing both ships and capacity every year. Since 2023, the Greek registry has fallen below the psychological threshold of 500 ships. At…

EU Commission approves Greece’s medium-term fiscal plan

The European Commission has endorsed a positive assessment of Greece’s draft budget for 2025 and its medium-term fiscal plan, in accordance with the European Semester autumn package – the first…

European Parliament: We avoided an ‘austerity budget’, officials tell “N”

The tripartite negotiations of the European Parliament, the European Commission and the European Council were rather difficult, however, a golden mean was finally found, thus avoiding an “austerity budget” in…

Tuesday, 26 November 2024

Alpha Bank: Collaboration with UniCredit a catalyst for Greek businesses’ extroversion

Thanks to its strategic partnership with UniCredit, Alpha Bank is an ideal ally of Greek businesses in their effort to strengthen their extroversion and competitiveness, Alpha Bank’s Chief of Commercial…

High-Level Advisory Committee on AΙ proposes 6 flagship projects

The goal of further increasing Greece’s attractiveness as an investment destination for high technology was, among other things, at the center of the meeting held between Prime Minister Kyriakos Mitsotakis…

IOBE: The contribution of golf to the Greek economy

The Foundation for Economic and Industrial Research (ΙΟΒΕ) presented a report on “The Contribution of Golf to the Greek Economy.” The report examined the importance and benefits of the development…

Lykos: Printing activities and the transition to the digital world

Nikos Lykos, the main shareholder and head of Austriacard, may see his “creation” constantly improving its financial results (+14% in sales and +10% in net profits in the 9 months…