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Tuesday, 08 October 2024

Sdoukou visits Skouries; mining project 76% complete

Deputy Minister of Environment and Energy Alexandra Sdoukou visited the mining project in Skouries, Chalkidiki. She was informed in detail about the latest developments in environmental technologies and safety protocols…

“Sounion”: All fires on the Greek-flagged tanker have been extinguished

The extinguishing of the fires on the Greek-flagged tanker “Sounion”, which has been moved to a safe location off Eritrea, has been successfully completed. According to “Naftemporiki” sources, at least…

Two-billion-euro investments changing the logistics map

Investment plans totaling more than 2 billion euros, in Attica and Thessaloniki, are underway in the sector of logistics. Investment interest – international and domestic – in the logistics market…

Alexander Prokopakis (IBIA): Green transition and geopolitical developments the main priorities

By Antonis Tsimplakis, [email protected] Shipping fuel suppliers are moving at the pace of the green transition. Shipyards are taking new orders for ships that can handle LNG, methanol and ammonia,…

Vodafone Greece connects Crete with the most important international submarine cable systems

Vodafone Greece welcomed the India-Europe-Xpress (IEX) cable system, one of the largest submarine cable systems in the world, to Crete. The IEX system will be connected to Vodafone Greece’s cable…

2025 draft budget tabled in Parliament

The 2025 draft state budget was tabled in Parliament for discussion in the Standing Committee on Economic Affairs. According to the draft budget, GDP growth is expected to reach 2.2%…

Avramar rescue hopes

Optimism about the future of Avramar is caused by the fact that all three interested parties appear to have submitted a binding offer. It is recalled that the three interested…

Cruise companies asking for the implementation of the extraordinary cruise fee per passenger from 2026

Cruise companies have asked for the implementation of the extraordinary cruise fee per passenger from 2026 onwards, in order to avoid any unpleasant consequences in the specific industry. According to…

Monday, 07 October 2024

Hotel industry and the qualitative “leap forward”

The hotel industry will not be able to make the qualitative “leap forward”, as international competition demands, due to economic suffocation, alternate professor of the University of Western Attica, president…

Plastic packaging market under pressure in 2023

The plastic packaging industry is under pressure, according to recent data from ICAP. Two important factors contribute to this; the sector’s exposure to price changes and especially polyethylene, which is…

PPA receives five top awards at Environmental and Compliance Awards 2024

The Piraeus Port Authority (PPA S.A.) was awarded five top awards for its performance in the critical areas of environmental protection and regulatory compliance. According to the company, these recognitions…

Uber: 47% increase in movements in Athens

Uber characterizes the tourist season in Greece as extremely successful this year, while pointing to an extension of the season. In Athens, tourist movements in the city increased by an…

Italgas plans Greek network’s digitization

Italgas is planning the utilization of the monitoring and operation technology applied to the natural gas distribution network in Italy for the infrastructures of Enaon EDA in Greece. In particular,…

Main factors eating into Greeks’ savings

Greece is lagging behind the rest of Europe in 2024 in terms of household savings, which remain negative with a percentage of 5.63%. The negative performance in savings also affects…

2025 Draft Budget: Higher revenue, tax cuts and primary surpluses

The 2025 draft budget will be submitted to the Parliament on Monday with the main priority being the maintenance of the primary surplus at high levels and fully aligned with…

Cenergy Holdings’ strong financial footprint

Cenergy Holdings has succeeded in consolidating its position as a leading player in the energy sector internationally by investing in innovative technologies and steadily expanding its activity globally. The company…

National Bank’s placement under the microscope

All the major rating agencies participated in the disinvestment process of the Hellenic Financial Stability Fund (HFSF) from the National Bank, bringing 690 euros in revenue to the State. According…

OTE unveils five development priorities until 2030

The five main priorities for the development of OTE until 2030 were presented by the president and CEO of the Group, Kostas Nebis. Regarding optical fiber to homes and businesses…

Wednesday, 02 October 2024

Restructuring of electrical and electronic goods market following Siemens decision to stop distribution of household appliances in Greece

The decision of the German BSH, parent of the Greek BSH Home Appliances, to stop the distribution of household appliances under the Siemens brand in Greece and Cyprus, fuels the…

PDMA: Strong interest in 3-month T-Bills; yield at 2.84%

Investor interest was strong during the auction of three-month T-bills amounting to 500 million euros. The yield stood at 2.84% from 3.23% during the corresponding previous auction, on July 31,…

National Bank: HFSF announces narrower price range from 7.40 to 7.65 euros

The Hellenic Financial Stability Fund (HFSF) announced on Wednesday that its Board of Directors approved a narrower price range within the price range for the international offering in its meeting…

Adjustment of water tariffs based on environmental and climate conditions

The way is opened for adjustments to the water supply tariffs with the publication of the Joint Ministerial Decision in the Government Gazette which determines the new water pricing rules.…

HFSH weighs up price range for National Bank’s 10% stake

The Hellenic Financial Stability Fund (HFSF) intends to raise the price of the divestment from the National Bank, adjusting the price range it will accept, according to sources. The fact…

Latsco and MAN cooperate on maritime technology

Latsco Marine Management Inc (LMM), owned by Paris Kasidokostas Latsis, signed a cooperation agreement with MAN PrimeServ, the after sales department of MAN Energy Solutions. This agreement is part of…

Armenia’s Deputy Minister of High-Tech Industry visits Intracom Telecom’s facilities

The Deputy Minister of High-Tech Industry of Armenia, Ruben Simonyan, visited the facilities of Intracom Telecom in Paiania. He was welcomed by the Managing Director, Kartlos Edilashvili, and senior executives…

IOBE: Economic climate improves-Consumer confidence down

The economic climate showed an improvement in September, with the index standing at 110.2 points from 106 points in July and August, the Foundation for Economic and Industrial Research (ΙΟΒΕ) …

METLEN plans new RES projects in Sicily

METLEN Energy & Metals announced its plans for new RES projects in Sicily, after receiving the necessary permits, while also signing a cooperation protocol with Ance Sicilia, in order to…

Heraklion Port: Impressive increase in cruises in Jan-Sept

The Port of Heraklion recorded a significant increase in cruise traffic in January-September 2024, strengthening its position as a leading destination in the Mediterranean. Specifically, the port welcomed 422,996 passengers,…

Tuesday, 01 October 2024

AB Vassilopoulos: Transformation plan focuses on franchise network and fast delivery

AB Vassilopoulos’ three-year transformation plan focuses on the franchise network and the fast delivery segment, which also includes a small acquisition. As the Brand President of AB Vassilopoulos Nikos Lavidas…

Record employment in eight-month period

The balance of employment recorded the highest-ever performance in January-August 2024 as it was up by 299.148 positions in Greece, according to the Labour Ministry’s Ergani employment registration system. This…