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Monday, 04 November 2024

Costamare: Renewal of containerships fleet, investments in capes and high profitability

Costamare recorded profits of approximately 80 million dollars in the third quarter of 2024. The shipping company listed on the US stock exchange also showed stable liquidity of more than…

Number of payment cards at record levels-53 billion euro transactions in H1

Debit and credit card penetration among the general population is reaching record levels. At the same time, an increasing number of merchants use payment cards on a daily basis, even…

AADE adopts AI to detect ‘black money’

The Independent Authority for Public Revenue  (AADE) is intensifying its controls, focusing on taxis, street markets and other categories of professionals as of the current week. At the same time,…

Margaris (IPTO): Need for new rules of access to the system in conditions of saturation

Speaking at the 6th Renewable & Storage Forum, the Vice President and General Manager of Technology, System Development & Strategy of the Independent Power Transmission Operator (IPTO), Ioannis Margaris, referred…

Eldorado Gold: Increased production at Olympias mine – Skouries project progressing

Eldorado Gold, the parent company of Hellenic Gold, presented the updated operational goals for 2024 during the announcement of the third quarter financial results. Focusing on Greece, the company spoke…

Enearth: The CO2 storage in Prinos on track for implementation

Enearth submitted a request for additional EU funds for the underground carbon dioxide storage in Prinos. The company is a subsidiary of Energean that is developing the project, with a…

Athens hoteliers stress the need for appropriate infrastructure

Athens hotels occupancy rates decreased for the fifth month in a row. More specifically, the overall hotel demand fell by 1.2% in September compared to the corresponding month in 2023.…

Friday, 01 November 2024

Aktor buys Prodea’s 56 properties with a discount of 3%

Aktor is expected to purchase Prodea’s portfolio of 56 properties with a discount of 3% and an average yield of 7%. Prodea’s properties are valued (fair value 30/6/24) at 600…

271 investment projects with a total budget of 858 million euros

The Ministry of Development announced the approval of 271 investment projects throughout Greece, with a total budget of 858 million euros. The approvals concern 162 investments in tourism and 109…

Αγία Ελένη η εκ Σινώπης: Η ιστορία της «διάσωσης» και μεταφοράς της κάρας της στην Ελλάδα από τον Μικρασιάτη Χρήστο Καφαρόπουλο

Ο Αγιοτόκος Πόντος καμαρώνει για πολλά παιδιά του, καθώς αποτέλεσε γενέτειρα πλήθους γνωστών και άγνωστων σε εμάς (όχι όμως και στον Παντογνώστη Κύριο) μαρτύρων. Ανάμεσα στους Aγίους του ξεχωρίζει η…

Cosmos Group sees 30% growth rate in 2025-2030

Cosmos Group expects a high growth rate of around 30% for the period 2025-2030 with turnover reaching 115 million euros by 2030. More specifically, turnover is seen at 75 million…

Piraeus Bank announces record 9-month results

Piraeus Bank announced a record nine-month normalized net profit of 932 million euros, corresponding to 0.72 euros per share, leading to an updated target of 0.90 euros for 2024. Net…

Discrepancies observed in coastal shipping rates

The Observatory of the Ministry of Maritime Affairs and Insular Policy has recorded large discrepancies in the price of fares on more than 40 coastal shipping lines in the country.…

Megalou: Piraeus’ concerns, the 9-month results and the discount of the share

Piraeus Bank CEO Christos Megalou may be watching the bank heading for another year of strong profitability, which will unexpectedly be confirmed on Friday, when the financial figures for the…

Greek systemic banks to announce strong 9-month profitability

Greek systemic banks are expected to show resilience to the double challenge of interest rate cuts and geopolitical tensions, according to banking sources and international financial institutions. Piraeus Bank is…

Manousakis: Development of electrical networks and careful investment planning in RES, for a smoother energy transition

A basic condition for the introduction of more RES units that will bring cheaper electricity is the construction of more electrical networks, the president and CEO of the Independent Power…

IKEA expands in the Greek region

An important milestone in the expansion strategy of IKEA and the Fourlis Group is the opening of the sixth large store in Patras, in the Top Parks Shopping Park, on…

World Travel Market: Naftemporiki at the heart of global tourism

Νaftemporiki will be at the heart of the international tourism market for the third consecutive year, at WTM London, to be held on November 5-7, 2024, which is one of…

Thursday, 31 October 2024

PPA: Historically high performances

The Piraeus Port Authority (PPA) S.A. announced historically high performances during the presentation of the third quarter financial results. “The Company continues its upward growth, achieving historically high performances that…

Energean boosts oil production in Karish

Energean’s new investment in the Karish field, with the installation of new equipment that allows for a significant increase in oil production, is expected to generate a profit of 1.5…

HRADF placements (Helleniq Energy, EYDAP, EYATH) transferred to 2025

The three placements of the Hellenic Republic Asset Development Fund (Helleniq Energy, EYDAP, EYATH), expected to take place by the end of the year, have been transferred to 2025. This…

Lamda Development: Better-than-expected sales in Ellinikon

The better-than-expected sales in Ellinikon makes Lamda Development able to proceed with the development of the area without borrowing, except for the construction of the large shopping center, The Ellinikon…

Aktor to finance investments with its 200-million-euro share capital increase

Aktor will use the 200 million euros of its share capital increase, which is estimated to be completed by the end of January 2025, for the financing of part of…

Prokopiou: In principle agreement for the acquisition of 30% in Astir Vouliagmenis

George Prokopiou further strengthened his presence in real estate following a significant deal for Astir Vouliagmenis. The shipowner has reached an agreement in principle with the Arabs, who control the…

Tsunis: US seeks to strengthen investments in Greece

“The US seeks the continuous support and strengthening of its investments in Greece. It recently invested 125 million dollars in the Elefsis Shipyards, contributing decisively to the development of the…

Roadmap for nuclear energy in Greece: Intentions and challenges

Without the support of nuclear power, we have no chance of meeting our climate targets on time, while Renewable Energy Sources will play a major role in electricity, especially solar…

Agreement for sub-concession of the right to build and operate the Mega Yachts Marina in Corfu

The Hellenic Republic Asset Development Fund (HRADF) announced the signing of the agreement for the sub-concession of the right to build, operate, manage and maintain the Mega Yachts Marina in…

KEPE: Positive signals for the Greek economy, the open fronts and the 2027 milestone

The Centre for Planning and Economic Research (KEPE) outlined the complex economic scenario shaped by a series of positive but also worrying developments in the Greek economy. It also highlighted…

Wednesday, 30 October 2024

Bijsterbosch to “N”: Broad-based reforms that strengthen the quality of institutions are crucial

Greece needs to invest heavily in human capital in order to bridge its productivity gap with other European nations, Martin Bijsterbosch (Mission Chief for Greece, European Central Bank) said in…

CESEC Initiative: Sdoukou asks for measures to avoid high electricity prices in winter

Deputy Minister of Environment and Energy Alexandra Sdoukou stressed the importance of proactive measures ahead of winter, when demand is seen higher, during the Conference of the Central and South-Eastern…