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Wednesday, 02 October 2024

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…

Debt to social security fund EFKA jumps to 48.57 billion euros

Social security debt amounted to 48.57 billion euros in the second quarter of the year, according to the centre for the collection of social insurance debts (KEAO). More specifically, the…

Strong interest in National Bank’s placement; oversubscribed eleven times

Strong interest was expressed in National Bank’s placement as it has been eleven times oversubscribed. Reuters spoke of a milestone development, adding that with the sale of a 10% stake,…

Alexandroupolis FSRU: LNG Terminal in commercial operation

The Commercial Operation of the Alexandroupolis LNG Terminal begins, with the aim of promoting the city as a new energy gateway for Central and Southeastern Europe. More specifically, Gastrade announced…

Andreadis (AS Company): New acquisitions, Romania and the attractive stock

The first half of 2024 may not have been so satisfactory for the AS Company, as consumer fatigue and high inflation led to lower turnover by 3.2% (11.5 million euros…

Medium-Term Fiscal Structural Plan for 2025-2028: High growth rates

The government will proceed with the submission of the Medium-Term Fiscal-Structural Plan 2025-2028 to the Commission with an additional margin to increase spending by 4 billion euros over the next…

Producer prices fell in August – Sectors that persist on the upside

According to the data announced by the Hellenic Statistical Authority (ELSTAT), the General Producer Price Index in Industry (total domestic and foreign market) showed a decrease of 2.4% last August,…

Mytilineos to Bloomberg: Metlen aims to apply for LSE listing by year-end

METLEN Energy & Metals will apply for a listing on the London Stock Exchange by the end of the year and this will probably be completed by the second quarter…

GEK TERNA strengthened its infrastructure footprint by 1 billion euros in the last 3 months

GEK TERNA is increasing its infrastructure, aiming at becoming a leading player in Europe. As the president and CEO, George Peristeris, pointed out in a conference call with analysts, the…

Monday, 30 September 2024

AADE launches sweeping tax inspections

Thousands of purchase and sale contracts, inheritances, parental benefits and donations of real estate are under the microscope of the Independent Public Revenue Authority (AADE). The goal is to have…

Hyatt Regency Thessaloniki: Investment of 1.4 million euros for the creation of solar park

The Hyatt Regency Thessaloniki hotel created a solar park, as part of its strategy to further reduce its environmental footprint through the use of alternative energy sources. The 1,738 solar…

Greece aiming to reduce debt-to-GDP ratio as well as government debt in absolute terms

The Public Debt Management Agency (PDMA) and the Ministry of Finance are aiming to reduce Greece’s 2025 loan program, aiming to reduce the debt-to-GDP ratio as well as the government…

PPC: Participation in the intelWATT innovative research project

PPC participates in the innovative research project intelWATT in the context of the development of research and innovation activities, recently completing the pilot installation of water recovery of Cooling Tower…

HFSF: Greece starts sale of 10% in National Bank

The Hellenic Financial Stability Fund (HFSF) issued an invitation for the public offering of a 10% share in the National Bank. The price range of the placement is between 7.3…

Chinese Foreign Minister: Greek tourists will not need a visa as of Oct 1

Greek tourists as well as businessmen who will visit China for a short period of time will not need a visa as of October 1, Chinese Foreign Minister Wang Yi…

Prodea: Investments of 303.4 million in six months

Prodea proceeded with investments in commercial real estate, hotel units and residential properties under development, with a total value of 303.4 million euros in the first half of 2024. As…

Euribor below 3% in September – its impact of mortgages

Loan holders with a floating interest rate are expected to be favored by Euribor’s fall below 3%. The market has not seen these levels since November 2022. Financial markets have…

PPA: Higher revenue and profits in H1 2024

Piraeus Port Authority (PPA) showed an increase in revenues and profits in the first half of 2024, once again achieving the best historical performance for this period of time. More…

Electricity tariffs moving towards stabilization in October

Electricity prices are expected to show stabilization or even reduction in October compared to the current month as a result of a significant de-escalation of prices on the Energy Exchange…

Friday, 27 September 2024

Intracom Holdings, Kloukinas-Lappas merger to be concluded by November 15

The new company after the merger of Intracom Properties and I. Kloukinas – I. Lappas (KLM) will have a real estate value of 121.3 million euros and annual rental income…

Average annual household expenditure increased to 20,223.36 euros

The average annual household expenditure increased to 20,223.36 euros (1,685.28 per month) in 2023, registering an increase, at current prices, of 5.3%, compared to 2022. According to the results of…

Dimand: Positive performance in H1 – Increase in pre-tax profits to 15.9 million

The Dimand group recorded a significant increase in profits in the first half of 2024, according to the financial results announced by the company. Profits before taxes amounted to 15.9…

ELTA’s recovery plan: Changes in the way of operation and utilization of infrastructure

Development of synergies with third parties, outsourcing services, new products, reinforcement of the already extensive network and installation of boxes are among the plans of ELTA management in an effort …

Mitsotakis: A window of opportunity to resolve the delimitation of the continental shelf and the EEZ (video)

Greece is willing to work towards resolving the only major outstanding issue we have with our neighbor, that is the delimitation of the continental shelf and the Exclusive Economic Zone…

Stylianidis message for “a safer and more sustainable future”

Minister of Maritime Affairs and Insular Policy, Christos Stylianidis, referred to the challenges for enhancing the safety and efficiency of shipping during the World Maritime Day. “On the occasion of…

Gerapetritis: Greece is becoming more powerful with an important diplomatic footprint

The 79th Session of the UN General Assembly in New York was concluded and Greece had the opportunity to hold very important meetings, as the country’s international footprint is extremely…

World Bank: Greece ranks second in terms of optimal PPP procurement methods

Greece ranked second worldwide in terms of optimal procurement strategy in Public-Private Partnership (PPP) projects, according to the “Benchmarking Infrastructure Development 2024” Report of the World Bank, Alternate Minister of…