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Monday, 29 July 2024

Performance Shipping: Profits and investment support

Performance Shipping remained on a profitable track in the first half of this year despite the correction of the freight market from last year’s levels. The US-listed company also received…

Online pharmacies: Turnover at 145 million euros in the first six months of 2024

Οnline pharmacies’ turnover rose 1% in the first half of the year, while in absolute terms they reached 145 million euros, according to the figures of the annual survey of…

Attica Bank-Pancreta Bank: Details about the merger process

The boards of directors of Attica Bank and Pancreta Bank approved the draft agreement for the merger of the two banks. The merger will be carried out by accounting consolidation…

Friday, 26 July 2024

Lamda Development: Agreement to sell plots worth 106 million euros in Ellinikon

The signing of definitive contracts and preliminary purchase and sale agreements for the sale of five different plots of land in Ellinikon (near CommercialHub and The Ellinikon Mall), with a…

Fourlis Group: New photovoltaic system at Trade Logistics in Schimatari

Fourlis Group installed a new photovoltaic system on the roof of the storage and distribution center of its subsidiary, Trade Logistics, in Schimatari, Viotia. The new photovoltaic system, the second…

Cosmote: Nationwide 5G population coverage surpasses 99%

Nationwide population coverage of Cosmote 5G, the country’s largest fifth-generation network, has surpassed 99%, with Cosmote achieving its goal ahead of schedule. The rapid development of the 5G network, is,…

Castor Maritime expanding into Ultramax

Castor Maritime proceeded in an agreement for the acquisition of an Ultramax type dry bulk carrier, built in 2015, for 25.5 million dollars. The acquisition is expected to close upon…

Mytilineos: Protergia’s decision to absorb increases in the energy market a well calculated move

Protergia’s move to absorb increases in the energy market, both on the production level and on the retail level, is a well-calculated move, where the goal is to further grow…

Average occupancy rate in Athens hotels reached 75.5%

The average occupancy rate in Athens hotels reached 75.5% in the first 6 months of 2024, compared to 72.9% in 2023, up 3.5%. June, the peak month for Athens, although…

International online shopping attracts Greek consumers

Local online stores are high on the preferences of Greek consumers, according to the second part of Nexi’s research on e-commerce in Greece. However, international online shopping sites maintain the…

Iktinos and Nordia present the advantages of underground mining

The subject of underground mining and its advantages were presented to the General Secretary of Energy and Mineral Raw Materials, Aristotelis Aivaliotis, by the executives of the companies Iktinos and…

MATENISA TRADING CO. LTD declared as Preferred Investor for the development of property in Agia Triada

The Hellenic Republic Asset Development Fund (HRADF), a member company of GROWTHFUND – The National Fund of Greece, announced that during the meeting of the Board of Directors approved the…

Thursday, 25 July 2024

Metlen: 2.5-billion- euro turnover in the first half – Record net profit

Metlen announced 2,482 million euro turnover in the first half of 2024 compared to 2,516 million euros in the same period last year, down 1%, despite the significant de-escalation of…

INE/GSEE report: Greeks work more and are paid less; lagging behind Lithuanians and Romanians

Half of the workers in Greece (45%) barely manage to meet their obligations, while one in three works more than 48 hours per week. As a result of the current…

Short-term rental: Changes in taxation, other measures under consideration

The government seems to be focusing on providing tax incentives with the view to increasing the supply of properties for long-term rather than short-term rental. Although relevant decisions are expected…

Competition in the energy market heats up

The energy market immediately reacted to the government’s decision to tax the excess profits of companies, with Protergia announcing the absorption of increased wholesale prices and the freezing of retail…

Italgas: Greece represents the “lion’s share” in the new networks

The activity of ENAON EDA, the subsidiary of the Italian group Italgas in Greece, stood out in the results of Italgas for the first half of 2024, covering the largest…

800,000 euro fines imposed following inspections on beaches and coastal areas

More than 4,500 inspections on beaches and coastal areas throughout the country were carried out in the previous three weeks following citizens’ complaints. During this time, extensive checks were carried…

METLEN Energy & Metals: Protergia absorbs energy market increases

Protergia, a member of METLEN Energy & Metals, will keep in August its final prices unchanged, at the same levels as in July, for residential and small business customers. The…

Eurobank: Disbursement of the 7th tranche of the Recovery and Resilience Fund approved

Eurobank is the first systemic bank to receive approval from the Finance Ministry for the disbursement of the seventh (7th) tranche of the Recovery & Resilience Facility, up to 300…

Disbursement of 2.3 billion euros from the loan arm of the RRF for Greece

The EU funds from the Recovery and Resilience Facility (RRF) amount to 17.2 billion euros, following the European Commission’s announcement on the disbursement of 2.3 billion euros to Greece, after…

Euroseas on track to increase its revenue in 2024

Euroseas announced a new ship charter which will boost the company’s EBITDA by 5.5 million dollars. In particular, the US listed company chartered the feeder type containership with a transport…

Grimaldi-Minoan consortium acquires 67% of Heraklion Port Authority

A total of 67% of the shares of the Heraklion Port Authority were sold to Grimaldi-Minoan consortium for 80 million euros, Deputy Shipping Minister, Stefanos Gikas, said during the parliament…

Wednesday, 24 July 2024

Vertical Corridor at risk: The next steps

Natural gas system operators from Bulgaria (BULGARTRANSGAZ and ICGB), Romania (TRANSGAZ), Hungary (FGSZ), Slovakia (EUSTREAM), Moldova (VMTG), Ukraine (GTSOU) and Greece (DESFA and Gastrade) conducted a binding market test in…

Eurobank to distribute dividend after 16 years

Eurobank announced that for the first time after 16 years – the last time was for the fiscal year 2007 – proposed the distribution of a dividend of 0.933 euros…

Metlen: Sale of 3 solar parks in Britain

METLEN Energy & Metals (formerly MYTILINEOS) has successfully completed the sale of one of its portfolio of UK solar projects to Schroders Greencoat. The portfolio consists of three farms, located…

Emergency levy on natural gas companies

The legislation that will set the emergency levy on natural gas companies will be ready next week. The revenue from the tax will be used to subsidize electricity bills in…

Energean: Natural gas from Katlan field to Israel in 2027

Energean is committed to the expansion of its portfolio with the natural gas fields under development in the areas where it operates with the adoption of the Final Investment Decision…

Strategic collaboration between Grid Telecom and Dawiyat Integrated

Grid Telecom, a wholly owned subsidiary of the Independent Power Transmission Operator (IPTO) of Greece and Dawiyat Integrated, a wholly owned subsidiary of Saudi Electricity Company (SEC), signed a Memorandum…

Cereals and banks under the microscope of the Competition Commission

The activity of multinationals and subsequently the banking sector are put under the microscope of the Competition Commission as a matter of priority and will be checked for possible partnerships…