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Tuesday, 26 November 2024

Crete participates in US workshop – 250,000 Americans visited the island on a cruise ship

The Region of Crete, within the framework of the strategy for promoting the island in the US tourist market, participated in the professional event “Greek Tourism Luxury Workshop” organized in…

Budget: Primary surplus of 13.5 billion euros in Jan-Oct

The budget execution for the period January-October 2024 showed a primary surplus of 13.528 billion euros, compared to a target for a primary result of 12.930 billion euros and a…

StealthGas announces record profitability in 9-month

StealthGas, owned by Haris Vafias, announced record nine-month profits. More specifically, the Nasdaq-listed company announced profits of 55.7 million dollars, up 29.3% compared to the same period in 2023 –…

Greece-European Commission agree on changes to shipping taxation

The European Commission announced that Greece accepted the proposals for the Greek shipping tax regime that it had put forward. Specifically, as stated in the relevant announcement, Greece accepted on…

Intracom Telecom: New production unit in Kozani

Intracom Telecom, a global technology systems and solutions provider, announced a 45-million-euro investment in a state-of-the-art manufacturing facility in Kozani, Greece. The construction is scheduled to commence in 2025 and…

Copper Alliance and Hellas Gold sign cooperation agreement

The Copper Alliance and Hellas Gold have entered into a strategic partnership, with the aim of strengthening the copper market and improving Greece’s position in the global market. Hellas Gold,…

Monday, 25 November 2024

Cosmote: High-speed submarine network in the Aegean

Cosmote has undertaken the design, study and construction of seven new submarine fiber optic infrastructures in the Aegean, as part of its participation in the European Sea-Spine project, to serve…

Eurobank acquires 24.66% stake in Hellenic Bank

Eurobank announced that it has entered into share purchase agreements with Demetra Holdings Plc and Logicom Services Limited pursuant to which, Eurobank has agreed to acquire 24.66% holding (101,794,409 shares)…

Taxpayers will pay over 5 billion euros per month in 2025

Taxpayers are expected to pay more than 5 billion euros per month, on average, in 2025, for direct and indirect taxes, in order to achieve the budget target of collecting…

Black Friday: A ray of light in the “cloudy” electrical and electronics market

Positive climate is recorded lately in the electrical and electronic goods market ahead of the Black Friday, which has already begun unofficially and will peak on the last weekend of…

Athens Chamber of Tradesmen asks for the taxation of large companies that evade taxes

The prime minister’s intention to tax large companies that evade taxes, as announced at an event of the Finance Ministry, is welcomed by the Athens Chamber of Tradesmen. The president…

2025 Budget: 1,116 tax exemptions at a cost of 18.8 billion euros

The cost of tax exemptions to the state budget amounts to 18.8 billion euros. Based on the data listed in the tax expenditure report of the 2025 budget, the cases…

Dynagas LNG considers investments in new shipping markets

Contracted revenues for Dynagas LNG Partners remain steady at over 1 billion dollars. George Prokopiou’s holding company, which is listed on Wall Street and manages a fleet of six LNG…

Fitch Affirms Greece at ‘BBB-‘, Outlook Stable

Fitch Ratings has affirmed Greece’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BBB-‘ with a Stable Outlook. Greece’s ratings are supported by income per capita levels above and governance indicators…

Kefalogianni: We must work for tourism’s qualitative development

Tourism Minister, Olga Kefalogianni, participated in the 12th General Assembly of the Hellenic Chamber of Hotels (HCCH), where she highlighted the basic regulations for short-term rentals included in the new…

Greek shipowners place new orders worth 1.6 billion dollars

The order book of Greek interests in Asian shipyards is constantly expanding. In the last ten days, brokers from Greece and abroad have recorded 16 new orders from five Greek-owned…

Friday, 22 November 2024

HEDNO: New application shows how much energy from RES is produced in Greece

Hellenic Electricity Distribution Network Operator (HEDNO) is launching a new application that will inform users immediately and accurately about the energy produced by Renewable Energy Sources. Within the framework of…

PPC Renewables: Construction of three wind parks in Greece with a total capacity of 100MW

PPC Renewables announced the construction phase of three new wind parks in Greece, with a total capacity of approximately 100MW, moving forward with the organic growth of PPC Group’s RES…

OPAP: Building on high gaming performance

OPAP CEO Jan Karas focused on the successful implementation of OPAP’s strategy during the analysts’ briefing, emphasizing that they reflect both its strong financial performance and the upgraded products offered…

New tools to combat tax evasion in 2025

The important reforms that have been implemented to modernize the tax administration, as well as the new tools that will be put into operation in 2025 to further improve citizen…

Supermarkets announce higher net profit

Supermarket chains recorded a 10.1% increase in revenue and 32.5% increase in profits in 2023. The net profit margin before taxes stood at 1.8%, slightly higher compared to 1.4% in…

Eugenides Foundation: Commitment to strengthening skills in the blue economy

The Eugenides Foundation actively participated in the discussion on the development of renewable energy sources at sea, within the framework of the “Offshore Wind Energy Greece 2024” conference on Greek…

IPTO: Agreement for 20% of Ariadne Interconnection to State Grid

The agreement for the sale of 20% of the subsidiary of IPTO and implementing body of the Crete-Attica electricity interconnection, Ariadne Interconnection, to State Grid International Development (SGID), was signed…

The two sides of the Greek economy

If someone reads the reports of foreign rating agencies about Greece, he will have the feeling that the economy is soaring and that Greek households are fully content – in…

Island Decarbonization Fund: The 3 pillars and priorities

The agreement for the establishment of the Islands Decarbonization Fund, a financial tool that will support the decarbonization of the Greek islands, was signed on Thursday in Naxos. The relevant…

Tax evasion: New digital tools increase revenues and open a window for additional allowances

The new policy of the Independent Authority for Public Revenue (AADE) based on the implementation of digital tools seems to be starting to bear fruit. Revenues have increased, paving the…

Thursday, 21 November 2024

PPC: Acquisition of 629MW of RES from Evryo Group in Romania-Addition of large-scale wind farms

PPC has completed the acquisition of the renewable energy portfolio of Evryo Group in Romania, which is controlled by Macquarie Asset Management. This acquisition is an important milestone in the…

Five markets under the microscope of the Hellenic Competition Commission

Five interventions in as many sectors of the economy that directly affect both the consumers and public finances were announced by the President of the Hellenic Competition Commission, Irene Sharp,…

Textile Industry: From a pillar to… a pariah of the Stock Exchange

The textile industry has been the engine of the national economy for decades, with dozens of factories located in many cities across Greece (mainly in Macedonia), significant export activity (up…

Why is Amazon investing in Greek wind farms

The strong interest of major international investors to operate in Greece’s Renewable Energy Sources (RES) market was confirmed once again. More specifically, the US giant Amazon plans to invest more…