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Thursday, 25 July 2024

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…

Positive signs for the tanker market in 2025

Clarksons in its weekly report gave a positive sign for the tanker industry in 2025. In its latest report, UK-based Clarksons said that good conditions in the tanker market will…

Stournaras (BoG) sounds alarm over labor shortage

The Bank of Greece (BOG) governor is sounding the alarm over the important labor force shortage, stressing that if immediate efforts are not made to cover the approximately 200,000 vacant…

Greek tourism: Arrivals up, but spending per capita down

Significantly more tourists compared to last year seem to have chosen Greece this year for their summer holidays. However, the increase in total tourism receipts is relatively small. And this…

Tuesday, 23 July 2024

ICAP CRIF: Acquisition of Date Firme in Romania and strengthening of its dominant position in SE Europe

ICAP CRIF  is the leading Group of Companies in the market of Credit Risk and Business Information Solutions in Southeast Europe and a member of the global company CRIF. Nikitas…

Ideal Holdings strengthens IT sector with the acquisition of 75% of BlueStream

Ideal Holdings (İDH) continues to further strengthen the IT sector with the acquisition of 75% of BlueStream. It is a fast-growing Greek service provider company that offers infrastructure services both…

GR.EC.A: E-commerce records worst performance in March 2024

The worst performance in the e-commerce market was recorded in March 2024, according to the data of the Hellenic Electronic Commerce Association (GR.EC.A). The survey concerned the performance of fashion…

ELSTAT: Arrivals and overnight stays in Greece up in May

The Hellenic Statistical Authority (ELSTAT) announced the monthly provisional data of arrivals and nights spent in hotels, similar establishments, tourist campsites and short-stay accommodation establishments in May 2024. According to…

Competitiveness deficit

The deficit of the current account balance widened in relation to the same period last year and amounted to 9.7 billion euros in the five months of January-May 2024. More…

Pretty islands pretty flame

Prices in Tinos have almost approached those in Mykonos while the island has become a famous Instagram spot. Cocktails such as the Aperol Spritz in a plastic glass cost 12…

Start ups: Liquidity, funding and finding customers the main challenges

Liquidity, funding and finding customers are the main challenges for the European and Greek technology start-ups ecosystem, which nevertheless remains optimistic despite the challenges, while the American dream remains alive…

ECM and Metric Capital sell their majority stake in FAMAR

ECM Partners and Metric Capital Partners have signed an agreement to sell a majority stake in FAMAR, an established pharmaceutical development and manufacturing services provider (CDMO), to MidEuropa. MidEuropa is…

Aktor assumes construction of Tsiknia Dam in Lesvos

AKTOR, a member of the Intrakat Group, signed a contract with the Infrastructure and Transport Ministry for the construction of the  Tsiknia Dam, on the island of Lesvos, with a…

Monday, 22 July 2024

Piraeus Port Authority receives two awards for its contribution to the Greek economy

Piraeus Port Authority (PPA) SA received two additional awards for its significant contribution to the development of the domestic economy, in the “Protagonists of the Greek Economy” awards organized by…

UNICEN: The situation regarding energy prices is out of control

“The situation regarding energy prices is out of control,” the president of UNICEN (Hellenic Union of Industrial Consumers of Energy), Antonis Kontoleon, said, stressing that “the measures announced seem to…

Cruise sector: 2024 a record year for the port of Heraklion

The port of Heraklion shows impressive numbers of passenger arrivals as well as cruise ship arrivals. More specifically, 2024 is expected to be a record year for cruises in the…

Sarantis Group: International presence and sustainable development are key goals

Sustainable production and consumption, empowered employees, contribution to thriving communities as well as responsible governance are the four pillars of the Sarantis Group’s Sustainable Development, according to the 2023 report.…

Restaurants forced into changes as of August 1

Restaurants will be obliged to use a Fiscal Electronic Mechanism (FIMAS) or restaurant cash register or fiscal printers (ADIME) to issue receipts as of August 1. The obligation concerns (full-meal)…

National Bank: Corporate and Investment Banking

National Bank finances the major projects that support the infrastructure and modernize Greece, making it among the top tourist destinations. At the same time, it supports tourism businesses with high-level…

Electrical and electronic goods remain in the “red”

The Greek electrical and electronic goods market remained on a negative trajectory in the first five months of 2024, according to GFK data . More specifically, the electrical and electronic…

Nova accelerates development of FTTH network

Nova has filed an application to participate in the Law on Strategic Investments, part of its investment program, amounting to 93.4 million euros, aiming at accelerating the development of the…