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Monday, 23 September 2024

Greece sees a spike in technological investments

A spike in technological investments has been recorded lately with telecom providers leading the trend. More specifically, OTE has announced one of the largest investment programs, followed by Nova and…

Frigoglass: Expansion in the Iberian Peninsula

Frigoglass announced it signed a legally binding agreement for the acquisition of foreign companies. The binding agreement concerns the Spanish companies Tricorporación, S.L. and World on – Premise España, S.L.,…

Friday, 20 September 2024

Greek SMEs digitally immature

Greece is at risk of not meeting the European Commission’s goal, in the context of the Digital Decade 2030, regarding the digital readiness of Small and Medium Sized Enterprises (SMEs)…

BoG: Current account deficit up 1.3 bln euros-tourist receipts soar to 11 bln euros

The current account deficit increased by 1.3 billion euros in January-July 2024 compared to the corresponding period last year, while tourism receipts rose by 5.6%, rising to 10.952 billion euros.…

Astir Marina and Yacht Club de Monaco enhance their cooperation

Astir Marina and the Yacht Club de Monaco have strengthened their cooperation with the signing of the Memorandum of Understanding (MoU), aiming at obtaining the “La Belle Classe Destinations by…

Mylonas (Alumil): Will the game change?

George Mylonas may see the share of Alumil, which has been active for four decades in the aluminum sector, remaining trapped below the psychological limit of 100 million euros in…

FSRU Alexandroupolis: Commercial operation begins on October 1

The commercial operation of the Liquefied Natural Gas Terminal in Alexandroupolis (FSRU Alexandroupolis) will begin on October 1, Gastrade’s CEO, Kostis Sifnaios, said during a visit of the Ambassadors of…

Greek debt revised upwards due to different calculation method

The amount of the Greek debt is revised upwards and even retroactively. In application of the new framework of rules, Eurostat imposes the inclusion of deferred interest, the amount of…

Dendias: Greece in talks for the purchase of a fourth Belh@rra frigate

Greece’s intention to start negotiations for the supply of a fourth Belharra-type frigate as well as the promotion of a broad program of modernization of a series of ships of…

Labor market: The 3 most in-demand skills of the next 5 years

Technology is constantly developing, forcing employees to enhance their skills in order to meet the challenges of the future. In a survey conducted by kariera.gr, focused on the prevailing trends…

Athens Stock Exchange -Terna Energy: Why investors are buying at 19.5 euros

Terna Energy is close to this year’s highs of 19.7 euros ahead of the conclusion of the sale to Masdar. The share of the listed company on the Athens Stock…

Thursday, 19 September 2024

OCTANE: Greece the EU champion in non-performing loans

Greece still has the highest rate of non-performing loans (NPLs) in the European Union, at 3.3% compared to an average of 1.9% in the fourth quarter of 2023. However, significant…

Noval Property: The progress of the 279.4-million-euro investments

The fair value of Noval Property’s real estate portfolio stood at 609 million at the end of the first half, up 7% compared to the end of 2023. The investment…

Tax to be imposed on 100,000 small boats

Starting this year and every year, those who own boats will have to pay between 100 and 200 euros, depending on the length of the watercraft. However, the submission of…

Port of Piraeus: Resumption of works for the cruise pier in the southern part

The investment program of the Piraeus Port Authority (PPA) is progressing rapidly, following the issuance of the presidential decree, the approval of the master plan and the Strategic Environmental Assessment…

Grimaldi Euromed-Minoan Lines acquire majority stake in Heraklion Port Authority

The Hellenic Republic Asset Development Fund (HRADF), a member company of GROWTHFUND – The National Fund of Greece, announced the acquisition of a majority stake of 67% in the share…

Skaramangas Shipyards concludes repair work on a high-demanding Suezmax tanker

The repair of the axle system on a Suezmax type tanker, 274.2 meters long and 50 meters wide, with a total capacity of 150,000 tons, was successfully completed at Skaramangas…

Mutual funds performance reminiscent of pre-crisis levels

The current situation of the mutual funds market is reminiscent of times before the financial crisis and it seems to be emerging as a reliable investment option. The total number…

Gigabit voucher: Subsidy for optical fiber connections

Households and small and medium-sized enterprises will have the chance to obtain ultra-high-speed broadband connection through vouchers. These vouchers will cover the cost of acquiring the relevant service and especially…

PPC plans mega data center in Western Macedonia

Public Power Corporation (PPC) is advancing its plans for the creation of a data center in Attica, and specifically in the area of Spata, with a capacity of 25 MW…

Karelia Tobacco reveals new investment plan of 10 million euros

Karelia Tobacco Company remains stable in its positive business course, alongside its contribution to society as a result of its sound domestic and international business activity. Victoria Karelia, president of…

Wednesday, 18 September 2024

Tsakiris: Conflicts, green transition and fleet aging the big challenges in marine insurance

Insurance premiums for ship hulls reached 9.2 billion dollars in 2023, up 7.2% compared to 2022. Ilias Tsakiris, general manager of the American Club (Europe) and CEO of Hellenic Hull,…

Arab and US investors flirting with Nova

The process for the sale of Nova continues amid prospects that the four potential investors – two Arab telecommunications organizations and two US investment funds – will submit offers at…

GEK TERNA: Investments in concessions and PPPs in SE Europe

GEK TERNA is expected to launch a new large investment cycle in the areas of concessions and PPPs inside and outside Greece, General Director of Business Development, Manos Moustakas, said…

Posidonia Sea Tourism Forum to be held in Heraklion, Crete, in May 2025

The issue of hypertourism and the promotion of new destinations will dominate the 8th Posidonia Sea Tourism Forum to be held in May 2025, as the organizers of the most…

CLIA requests the imposition of new cruise fee as of 2026

The Cruise Lines International Association (CLIA) requested in a statement that the new fee to be imposed on cruises be applied from 2026, after the start of a dialogue with…

Cosco: Container traffic slightly drops at Piraeus Port

A slight decrease was recorded in August in the handling of containers from piers II and III in the country’s largest port, Piraeus, which is managed by the Piraeus Container…

Panagiotopoulos (TERNA): Cooperation for projects with maximum benefit and minimum possible cost for the citizens 

We need better visibility and more cooperation in the planning, study, financing and ultimately in the construction and operation of the projects, in order for them to have the maximum…

Eurobank : MoU for India-Greece-Cyprus Business Council

Eurobank and the Indian Chamber of Commerce (ICC) signed a Memorandum of Understanding (MoU) to work towards the establishment of the India-Greece-Cyprus Business Council (IGC). The MoU was signed in…

Lamda Development: 120-million-euro agreement with Prokopiou for Ellinikon

LAMDA DEVELOPMENT announced a sales contract with SKITI ENTERPRISES COMPANY LIMITED, owned by the family of shipowner George Prokopiou, for the sale of plots of land within Ellinikon, regarding the…