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Monday, 16 September 2024

What does Athens expect from the Mitsotakis-Erdogan meeting?

Athens seeks to maintain calm waters in Greek-Turkish relations ahead of Prime Minister Kyriakos Mitsotakis’ meeting with Turkish President Recep Tayyip Erdogan. The goal is that any differences do not…

The goals of Ellinikon can be met despite the difficulties

Lamda Development remains committed to the goal of completing the first phase of the project in Ellinikon in 2026 to 2027. According to Haris Goritsas (Chief Financial Officer) and Apostolos…

Friday, 13 September 2024

Piraeus and Port Said mostly affected by the Red Sea crisis

The ports of Piraeus in Greece and Port Said in Egypt are the ones facing the biggest impacts of the Red Sea crisis in the Eastern Mediterranean region, according to…

Greece’s fiscal targets until 2028 to be finalized at the end of the month

Greece’s fiscal targets for the period up to 2028 will be ‘locked’ at the end of the month, while it seems that there is no scope for new negotiations to…

Lamda Development: Total cash receipts from real estate sales in Ellinikon amount to 776 million

Lamda Development’s total cash receipts from real estate sales in Ellinikon from the beginning of the project until late August amounted to 776 million, of which 297 million correspond to…

It is Moody’s time for the Greek economy

Moody’s and the potential upgrade of Greece’s credit rating to investment grade is in focus on Friday. The US rating agency is the only one that keeps the Greek debt…

Airbnb: Statement on short-term rentals new rules

Across Greece, a typical host on Airbnb rents out a home for just 24 nights a year, while more than one in two report that the extra income from this…

New attempt to save Greek-flagged tanker Sounion underway

A new attempt will be made to rescue the Greek-flagged tanker “Sounion” in the Red Sea, which remains anchored at 72 nautical miles west of Hodaida, Yemen. After the failed…

Theon and Exosens sign long-term commercial agreement

THEON INTERNATIONAL PLC (THEON), a leading developer and manufacturer of customizable night vision and thermal imaging systems for defense and security applications and EXOSENS, a high-tech company focused on providing…

Credit transfer and refunds to foreign IBANs within the Single European Payments Area (SEPA)

The Independent Public Revenue Authority (AADE) will offer a new service to citizens as of September 13. This is the possibility of declaring a foreign IBAN account, maintained within the…

TEN: Contracted revenues of 2 billion dollars

Tsakos Energy Navigation’s contracted revenue for the coming years amounts to 2 billion dollars, while dividends to shareholders for 2024 are higher by 50% compared to 2023. The NYSE-listed company,…

Titan Group: Financial Framework linked to a Sustainability Clause

TITAN Group announced the creation of a Sustainability-Linked Financing Framework, in alignment with its goals for reducing greenhouse gas emissions, which have been validated by the Science Based Targets initiative…

Thursday, 12 September 2024

88th TIF lays the foundations for the development of new Greek-German collaborations and investments

Energy-RES-Hydrogen, shipping-ports, thermal tourism, industrial products for smart buildings, are some of the sectors in which the 88th TIF, with Germany as the Honored Country, lays the foundations for the…

Water shortage cost amounts to 5.9 billion

An investment gap that can reach as much as 5 billion euros has been recorded in the upgrade of water supply networks, especially if the lack of rain continues as…

Energy prices: “Made in Greece” letter to Brussels from Greece – Bulgaria – Romania

Greece, Bulgaria and Romania’s Energy Minister decided to send a joint letter to the European Commission in order to ensure a more immediate reaction in periods of sharp rise in…

Στην Πολωνία ο Μπλίνκεν: Στο επίκεντρο το ουκρανικό

Ο υπουργός Εξωτερικών των ΗΠΑ Άντονι Μπλίνκεν θα συναντηθεί με την πολωνική ηγεσία αυτή την Πέμπτη 12 Σεπτεμβρίου για να βρουν κοινούς στόχους για τον πόλεμο στην Ουκρανία, σε μια…

Data Center Campus: Investment of 300 million by French Data4 in Paiania

French company Data4 has announced the creation of a new data center campus in Attiki (Paiania region), an investment of 300 million euros. It is part of its total expansion…

Attica Group: Turnover up 29.9% in H1

Attica Group’s turnover shows an increase in both geographical areas of activity (Greek shipping and international shipping) in the first half of 2024. More specifically, consolidated turnover rose 29.9%, reaching…

Greek shipowners renewing their fleets

Leading Greek shipping companies renew their fleet by selling their oldest ships. Costamare of Kostis Konstantakopoulos, Star Bulk of Petros Pappas, Maran Dry of the Maria Angelikoussis group, but also…

CLIA: Any cruise fee increase to meet the targets 

Cruises are a success story for Greece, having contributed 1.4 billion euros to the Greek economy by 2022, the Cruise Lines International Association (CLIA) said, adding that it has made…

Mytilineos: The impact of Draghi’s proposals on European industry is positive

Evangelos Mytilineos, managing director of Metlen Energy & Metals and president of Eurometaux, sees the impact of Draghi’s proposals on European industry as positive. In his post on social networks…

INTRALOT signs contract extension with Lotterywest in Western Australia

INTRALOT S.A. announced that its subsidiary INTRALOT Australia has signed an extension of its contract with Lotterywest, the state lottery in Western Australia, for an additional two years and with…

Aegean: Turnover up 10% in H1 – Higher EBITDA

AEGEAN announced that it continued to grow, offering 5.4 million seats, 9% more than in 2023, with passenger traffic up 8%. Growth was balanced between the international network with 2.6…

Wednesday, 11 September 2024

US Ambassador Tsunis to “N”: The United States invest in Greece’s success

The United States invest in Greece’s success, US Ambassador to Greece George Tsunis said in an interview with “Naftemporiki” and Michalis Psilos, adding that he’s proud of the work the…

Trastor: The business plan for expansion in Cyprus

Trastor AEEAP will enter the Cyprus market following the acquisition of an emblematic mixed-use property, under the name Labs Tower, valued at 39 million, with the prospect of further strengthening…

Shipping: Rally in shipyards

A series of new shipbuildings has been recorded lately following the summer slow period. According to Lloyd’s data, a total of 123 orders, with a total value of more than…

Manousakis (IPTO): Studies on electrical interconnection with Saudi Arabia

The critical role of international interconnections for the energy transition of Greece and Europe were highlighted at the 2nd European Regional Dialogue on the Middle East and North Africa (MEFED…

Apartment prices continue their rally – 9.2% jump in Q2 2024

The annual rate of change in apartment prices in the second quarter of 2024 stood at 9.2%, according to the Bank of Greece (BoG). According to the figures of the…

Fourlis: Profits soar in H1; consolidated sales up 4.2%

Fourlis Group recorded sales growth from all activities in the first half of 2024, with consolidated sales showing an increase of 4.2% to 257.0 million euros and sales from retail…

ESG: “Sustainability”, an issue that concerns us all

The businesses’ respect for the natural environment where they develop, but also the demonstration of social sensitivity and cooperation with citizens for the creation of a sustainable policy, which will…