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Friday, 27 September 2024

Stassis: The 6 deals that boost PPC and drive the stock to 10-year highs

George Stassis may have seen the PPC share close to the highest levels of the last 10 years (12.5 euros) while at the same time proposing as a “gift” the…

Terna Energy: Revenues up 42.5% to 152.1 million euros due to higher installed capacity

TERNA ENERGY announced its revenues rose 42.5% and net profit 41.0% in the first half of the year, as a result of increased installed capacity and more favorable wind conditions,…

Thursday, 26 September 2024

BofA: Strong investment interest in Greek banks

Greek banks are gathering strong investment interest at the Bank of America’s three-day conference held in London, which confirms the full recovery of the domestic sector – as reflected in…

Paper industry: Turnover at 2.13 billion – How it absorbs energy costs

Greece’s paper industry, one of the most important industrial branches of the Greek economy, strives to cope with the enormous pressure as a result of higher energy costs affecting energy-intensive…

ThPA: Strong performance in H1; net profits up 62.3%

Thessaloniki Port Authority (ThPA) announced a 62.3% increase in net profits after taxes in the first half of 2024. In more detail, according to its financial data, the Group’s total…

PDMA will continue to tap markets in 2025 aiming to reduce the debt

The Public Debt Management Agency (PDMA) is starting the procedures for determining the borrowing program for the next year without significant differences compared to the current year. The target is…

Pleasure boats under 7 meters are exempt from the special shipping tax

Provisions concerning the taxation of small pleasure boats of the second category have been included in the amendment submitted to the bill of the Ministry of National Economy and Finance…

Tanker “MV Sounion”: Fire extinguishing operation in progress

The fire extinguishing operation on the tanker “MV Sounion”, carrying 150,000 tons of oil, off Eritrea is in progress. According to exclusive information from “Naftemporiki”, three fires have been extinguished…

Papathanasis stresses the significant reduction of non-performing loans

The number of non-performing loans has decreased significantly, Alternate Finance Minister Nikos Papathanasis said during the discussion in the competent committee of the Parliament of the “New Development Program of…

Attica Bank: The 735-million-euro share capital increase approved

The approval of Attica Bank’s Share Capital Increase, totaling 735 million euros, was approved by the extraordinary general meeting of shareholders. In particular, the Bank’s shareholders approved a Share Capital…

The government’s plan for new Collective Agreements

The Ministry of Labor is preparing a road map that will lay the foundations for changes and interventions in the field of Collective Agreements in six months after the approval…

Aegean: Flight cancellations to and from Israel and Lebanon

Aegean Airlines announced the cancellation of certain flights due to developments in the Middle East. More specifically, Aegean is canceling all scheduled flights to and from Tel Aviv Ben Gurion…

Wednesday, 25 September 2024

Greek economy: The 3 crucial weeks, the cash buffer and the targets

Greece’s financial staff and the European Commission are about to conclude talks on the new 4-year Fiscal-Structural Plan ahead of the submission of the Fiscal Structural Plan in Brussels early…

Dynagas enhances its liquidity by 350 million dollars

Dynagas LNG Partners, listed on the US stock exchange, and owned by George Prokopiou, announced that it plans to sell securities worth up to 350 million dollars. More specifically, in…

PPC: Strategic Agreement for the acquisition of RES from Copelouzos and Samaras

PPC Group announced the conclusion of an agreement-collaboration framework with the Copelouzos and Samaras groups for the acquisition of a RES portfolio of 66.6MW in operation, the acquisition of RES…

Five important institutional interventions in the operation of Real Estate Investment Companies

Consultations on the new institutional framework for Real Estate Investment Companies have been concluded and the government’s decisions are now awaited. The new framework aims, among other things, to make…

EU and China: Between de-risking and cooperation

In recent decades, the whole world has been operating in an increasingly complex geopolitical environment with the global players deploying strategies in order to protect their security. Trade disruptions are…

Navios Maritime’s share jumps to 9-year high

Navios Maritime Partners’ share price has risen at a nine-year high. The Wall Street-listed shipping company, owned by Angeliki Fragou, which, through mergers of its companies, created one of the…

Attica Bank: In anticipation of the share capital increase approval

An important milestone in Attica Bank’s path towards full consolidation and restructuring is expected to be achieved on Wednesday with the approval of the 735-million-euro share capital increase by the…

Petalas to “N”: De-escalation of inflation in the Greek market is a fact

“The de-escalation of inflation in the Greek market as well as in the international market is a fact. We see this trend from February onwards,” Apostolos Petalas, General Manager of…

Greece-Cyprus electricity interconnection: Sharing the geopolitical risk

The project of the Greece-Cyprus electricity interconnection is on track as the pending issues seem to have been finalized. According to sources, the Ministry of Environment and Energy is about…

Belharra frigates: Shielding the Aegean and Eastern Mediterranean with new deterrent capabilities

The Hellenic Navy and the Armed Forces are turning the page in the context of the implementation of the “Agenda 2030” following the acquisition of the four Belharra frigates. National…

Mitsotakis and Erdogan meet in New York; to confirm calm in the Aegean and the Eastern Mediterranean

Prime Minister Kyriakos Mitsotakis met with the President of Turkey Recep Tayyip Erdogan in New York. The two leaders’ meeting was attended by the foreign ministers of the two countries,…

Tuesday, 24 September 2024

Korkidis: The port of Piraeus fuels extroversion

By Vassilis Korkidis, President of Piraeus Chamber of Commerce and Industry Small and medium sized enterprises in the wider Piraeus area continue to be on a development trajectory, while at…

Retail businesses: Turnover rises to 4.25 billion euros in July

The turnover of businesses in the retail sector showed a positive sign in July, according to the data announced by the Hellenic Statistical Authority (ELSTAT). For the enterprises in retail…

The 6 areas for offshore wind farms finalized – The first tender in Crete

The last “barrier” for the promotion of the National Program for the Development of Offshore Wind in the Greek seas has been overcome. The first tender is expected to be…

Mytilineos: The Draghi report has no chance of succeeding

The Draghi report has no chance of succeeding, said Evangelos Mytilineos, President and CEO of Metlen Energy & Metal as well as President of the Pan-European Association Eurometaux. As he…

Hatzis to “N”: Tourism expenditure tempered by lack of stability in Europe

Tourist arrivals increased but average expenditure per trip decreased, the President of the Panhellenic Federation of Hoteliers, Yiannis Hatzis, said in an interview with Naftemporiki TV, following the data of…

Profile’s figures soar as its strategy in the fintech market delivers

The management of Profile is reaping the fruits of its strategy in the fintech market, as shown by the financial results of the first half of 2024. The company said…

MEGA Disposables SA: Record sales and exports in 2023

MEGA Disposables SA, one of the largest production units of personal hygiene products in Europe, which maintains 100% of its production in Greece, announced record sales and exports in 2023.…