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Tuesday, 24 September 2024

UAE: There is room for further economic cooperation with Greece

The UAE ambassador in Athens, Ali Obaid Al Dhaheri, confirmed the interest of the United Arab Emirates in strengthening bilateral ties with Greece and especially in the economic sector. Speaking…

PPC: New distinctions on the path of transformation towards a “green”, modern, digital organization

PPC Group received important distinctions in seven categories at the Developed Europe and Emerging EMEA Equities awards. The awards were organized by the internationally recognized publishing house Institutional Investor, specializing…

Almost 18 million tourists visited Greece in Jan-July; lower travel expenditure

A total of 17,982,600 foreign tourists visited Greece in the first seven months of the year, boosting travel receipts to 10.953 billion euros, according to data released by the Bank…

Monday, 23 September 2024

Greek shipowners opt for LNG in containerships

The LNG adoption in the containership market remains strong, due to the attractiveness of the fuel price but also slower than expected production of green methanol. Shipbrokers noted to “Naftemporiki”…

Tikun Olam: GACP Certification by Q-Cert

Tikun Olam Greece, the first medical cannabis company in Greece, announced it has been awarded the GACP (Good Agricultural and Collection Practices) certification for the cultivation and production of medicinal…

12 sectors that led Greece’s unemployment lower

There are 12 sectors of the Greek economy, in which employment increased during the second quarter of this year and essentially helped the unemployment rate to drop (9.8%) to single-digit…

Temporary Solidarity Contribution: 33% tax on refining companies

A 33% tax on profits that exceed by 20% the average of the period 2018-2021 is expected to be imposed on refining companies. The money that will be raised is…

EU Commission gives green light for Alexandroupolis Independent Natural Gas System

The European Commission issued the decision approving the EU financial contribution for the implementation of the project “Alexandroupolis Independent Natural Gas System (INGS)”, in the context of the Operational Program…

Lamda: Significant progress recorded in infrastructure projects

Progress has been recorded in the infrastructure projects built by Lamda Development in Ellinikon. In the largest of the projects, the construction of the 1.5 kilometer underground avenue of Poseidonos,…

Greece’s startup tech ecosystem is promising

The value of the Greek business software market is estimated at 400 million euros, and it is expected to double over the next 5 years, reaching 1 billion euros. These…

Greece-Cyprus electricity interconnection to start in the next few days

After the meeting between Prime Minister Kyriakos Mitsotakis and Cyprus President Nikos Christodoulidis, a Framework of Understanding was signed between the two countries, for the promotion of the Cyprus-Crete Electricity…

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…