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Thursday, 21 November 2024

Cyclades: Winners and losers in terms of accommodation and food services revenue

Tourism in the Cyclades sent mixed signals in the third quarter of 2024 in terms of accommodation and food service activities revenue, according to data published by ELSTAT and processed…

OPAP announces net profit of 352 million euros, up 14.4%

OPAP announced that net profit rose 14.4% to 352 million euros in January-September compared to 307.7 million euros in the same period of 2023. OPAP’s revenues reached 1,648.3 million euros…

PPA: Fewer losses in domestic transit

The port of Piraeus continues to receive pressure, but not on domestic transit, as container ships are diverted around the Cape of Good Hope due to turmoil in the Red…

Star Bulk Carriers: Dividends of 158.1 million dollars

A landmark year in the history of Star Bulk Carriers was 2023, when the shipping company, led by Petros Pappas, achieved the deal of the year with the absorption of…

UBS on Greece: Growth at 2.8% in 2025, slowing down in 2026

The absorption of the Recovery Fund resources will remain the major support of the Greek economy in the next two years, according to UBS. The Swiss investment bank remains quite…

Motor Oil presents its strategy until 2030

Motor Oil analyzed the group’s strategy until 2030, noting that its goal is that its activities in the electricity and circular economy sectors will increase in scale and financial performance…

Wednesday, 20 November 2024

Will Trump’s proposed tariffs cause price hikes in electronics?

The return of Donald Trump to the White House is expected to have significant repercussions in the technology sector, starting with an increase in the prices of electronic devices, due…

Aktor plans 2.0-billion-euro investments

Intrakat, now Aktor, has turned the page with the approval of the share capital increase of 200 million euros, which will finance acquisitions and investments in the Group’s sectors of…

2025 budget tabled in Parliament; to be voted on December 15

Economy and Finance Minister Kostis Hatzidakis tabled the draft budget for 2025 in Parliament. Together with the draft budget, the minister also submitted the report on tax expenditures, the reports…

Amazon: One billion dollars for wind farms in Greece

Amazon has announced its investment in three new large-scale wind farms in Greece, the company’s largest renewable energy initiative in the country so far. The farms will help meet Amazon’s…

Plastainability 2024: “Transition in Progress” – Sustainable plastics, the future of the industry

The new regulatory framework, European and Greek, the need for businesses to redesign processes and products and commit to a future where environmental priorities are balanced with the necessary development…

DBRS: Green light for Greek banks’ upgrade-Faster than expected DTC amortization is credit positive

DBRS is signaling a possible upgrade of Greece’s four systemic banks, following the faster-than-expected amortization of deferred taxes (DTC). Deferred taxes are included in Greek banks’ capital, but are considered…

Greek shipping companies reactions to Trump’s victory are mixed

The reactions of the 27 Greek shipping companies listed on US markets to the victory of Donald Trump were mixed. According to a survey by “N”, the general trend of…

Systemic banks’ heads express optimism οver credit expansion and investments

The heads of systemic banks who participated in the discussion on “The new era for Greek banks”, which was organized by the Bloomberg news agency, were particularly optimistic about the…

Reds: Investment of 80 million euros in real estate

Reds, a subsidiary of Ellaktor, purchased a real estate portfolio, in order to generate revenue. More specifically, Reds is purchasing Athens Properties BV, owner of 10 properties, independent buildings in…

OTE: 80% of Greece will be covered with FTTH in three years

The implementation of OTE Group’s investment plan, which will cover 2/3 of the country with Fiber To The Home (FTTH) by 2027, the need to stimulate the penetration of this…

Monday, 18 November 2024

Digital payments gain ground with Gen Z and Millennials leading the trend

Payments in Greece are on a path of dynamic transformation, with digital payments and e-commerce steadily gaining ground in recent years. The recent legislative arrangements for the establishment of direct…

Lack of spatial planning hurts plans for investments in tourism

A decisive factor in attracting strategic investments in tourism is the credibility of the government’s announcements for the creation of a friendly investment climate, with spatial planning being one of…

Xenokostas: Our goal is to bring back to Greece and Europe the shipyards industry

The sector of shipyards creates important economic prospects for the Greek economy, the president and CEO of ONEX Group and president of the Hellenic Shipyards Association, Panos Xenokostas, said at…

IOBE: Decline of business expectations in industry in October

A mild deterioration of the economic climate was recorded in October, due to a decline in industry, according to a survey by the Institute for Economic and Industrial Research (IOBE).…

Mitsotakis: Greece to repay 5 billion of loans in 2025

Greece is going to proceed with an early repayment of an another 5 billion euros in 2025, which it had borrowed in the context of the first memorandum, Prime Minister…

Significant increase in optical fiber service to homes and businesses (FTTH)

The executives of the telecommunications providers, OTE, Vodafone and Nova, expect a significant increase in the penetration of the optical fiber service to homes and businesses (FTTH), even doubling in…

Greece is paying off its debt early; the loan repayment program

It is now only a matter of time before the European Stability Mechanism (ESM) gives the green light for the utilization of the “hard core” of cash reserves, amounting to…

2025 Budget: Deficit reduction to 0.6% and debt to 147.5% of GDP

High primary surpluses, lower deficits and debt, restraint of public expenditure but also interventions amounting to 1.1 billion euros will be included in the final draft of the 2025 Budget…

EcoLog signs agreements for transport of green hydrogen and liquefied carbon dioxide

EcoLog, owned by Peter Livanos, signed two landmark agreements for the transport of green hydrogen and liquefied carbon dioxide between Norway and the Netherlands. The two agreements were signed with…

Focus Bari: More and more Greeks make use of the internet

More and more Greeks live in the digital world every day, especially the citizens of the countryside and the older ones, but this fact has increased the anxiety about cybercrime…

Greek economy: How it became a fiscal model for the … Germans

2024 will end with an impressive economic performance including an almost balanced budget, as the deficit, based on the latest estimates of the economic staff, is expected to fall below…

Friday, 15 November 2024

Lamda Development plans to sell another 500 properties in Ellinikon in 2025

About 550 apartments will be available for sale in Ellinikon in 2025 by Lamda Development, which is in negotiations with banks for the financing of the two new shopping centers…

Safe Bulkers: Strong profitability – Shipbuilding program in focus

Safe Bulkers’ nine-month revenue stood at 236.1 million dollars, up 34 million compared to the same period in 2023. The US-listed company registered revenue of 70.5 million dollars in the…

EU Commission sees primary surplus at 3% , public debt at 140% of GDP

Greece is expected to continue registering growth rates above 2% until 2026, return to high primary surpluses close to 3% in the years 2024-2025, reduce unemployment at a slower rate…