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Friday, 06 September 2024

Coastal shipping: Green transition begins from the islands of barren line

One of the main pillars of the Maritime Affairs and Insular Policy Ministry’s development policy is the green transition of shipping. For this reason, a meeting was held in the…

Record arrivals of Turkish tourists to the northern Aegean islands with the express visa program

The express visa program has brought a total of 54,373 additional Turkish tourists to the islands of the North-East Aegean since its implementation. Based on the program, tourists from Turkey…

IRIS: Over 3,000,000 citizens connected – 34 million transactions

The use of the IRIS service soared in 2024, as 1 in 2 citizens – i.e. more than 3 million – with activated web banking have now linked their accounts…

Piraeus Bank: A leading role in loans with ESG criteria

The leadership position of Piraeus Bank in the business lending market linked to sustainability is strengthened by the new Sustainability-Linked Loans Framework adopted by the Bank, Thanos Vlachopoulos, head of…

Thursday, 05 September 2024

National Bank: The reasons leading to a partial disinvestment of the HFSF

The government is aiming to maintain up to 8% in the National Bank in view of the disinvestment process that officially began on Thursday. “The intention of the Ministry of…

Greece and Cyprus electrical interconnection and the role of Turkey

The ratification of the agreement for the Greece-Cyprus electrical interconnection, via Crete, is ‘in the air’, as the Cypriot government seems hesitant to ratify it amid doubts about the utility…

OPAP: Strong performance from the online game upgrade

OPAP recorded strong performance during the second quarter of 2024, the company’s management noted during the presentation of the financial results to analysts. The company’s performance benefited from the dynamic…

Skroutz.gr: Summer sales online basket slightly lower in 2024

The online basket of summer sales was reduced in value in 2024 compared to last year, according to Skroutz.gr. More specifically, the average basket price for purchases through Skroutz was…

Fitch upgrades Greece’s four systemic banks, positive outlook

Fitch Ratings has upgraded the credit ratings of Greece’s four systemic banks-National Bank of Greece, Piraeus Bank, Alpha Bank and Eurobank. More specifically, Fitch upgraded the credit ratings of National…

Energy: 6+2 stocks supporting the Athens stock exchange

One of the main and stable pillars of the Athens Stock Exchange has been the energy sector, with the listed companies supporting the Greek market, taking advantage of the great…

DBRS and GDP will determine the final touches on Prime Minister’s speech at TIF

There are two reasons why certain parts of the prime minister’s speech at the Thessaloniki International Fair (TIF) are expected to be “locked in” at the last moment. One is…

88th TIF: Germany’ s strong interest in investing in Greece

erman companies have expressed strong interest in investing in Greece, as the German Ambassador in Athens, Andreas Kindl, pointed out, in reply to a question from “Naftemporiki” during the press…

Optical fibers: OTE, Vodafone, Nova agreement for volume discounts is in effect

The fiber to the home and business (FTTH) volume discount agreement between OTE, Vodafone and Nova is coming into effect immediately, amid expectations that it will help increase service penetration.…

Sarantis: Collaboration with Amazon – Emphasis on exports to the US

Sarantis is focusing on the expansion of its exports to the USA through Amazon, placing particular emphasis on the availability of Carroten sunscreen products, the company’s management said during a…

Wednesday, 04 September 2024

Aegean Shipping constantly renews its fleet

Aegean Shipping Management sold the oldest tanker in its fleet (10 years old), remaining committed to the renewal strategy of its already modern fleet. The Greek shipping company of George…

BoG: Higher interest rates for new loans in July

In July 2024, the weighted average interest rate on new deposits remained unchanged at 0.57%, while the corresponding rate on loans increased to 5.86%, the Bank of Greece (BoG) said,…

UBS sees Greece’s GDP growth at 3% in 2025

Greece’s inflation target of 2% seems difficult to be achieved. UBS sees inflation of around 3%, after data showed it accelerating over the summer. The Swiss investment bank, however, keeps…

HRADF: Signing of the concession agreement for the development of Pylos Marina

The Hellenic Republic Asset Development Fund (HRADF), a member company of GROWTHFUND – The National Fund of Greece, announced the concession agreement for the development of the Marina of Pylos…

Athens Stock Market: Which stocks offer the highest 12-month returns – Up to +80% profits

The Athens General Index shows an average return of 8.5% in the last 12 months, continuing to reward those investors who have trusted the prospects of the Greek listed companies.…

Electricity markets in Greece and SE Europe “in the red”

If the high prices in the wholesale markets persist for days, then we will have to look for deeper reasons why they remain at high levels, market sources said to…

Cosco Shipping: Order of 42 dry bulk carriers

Chinese giant Cosco Shipping placed an order to build 42 dry bulk carriers. This is a landmark transaction, as it is the largest shipbuilding and leasing contract since 2016, when…

Athens hotels: Occupancy rates drop in July

Average occupancy rates in Athens hotels decreased by 1.9% in July 2024 compared to 2023 and 2023. In the seven-month period January-July, the average occupancy rate stood at 77.2% versus…

Masoutis: The reduction of taxation on businesses, beneficial for the market and the state

The prime minister has admitted injustices and mistakes in the current taxation regime of the self-employed. Therefore, brave corrective actions are expected from the government, according to the Central Union…

Aegean invests 25 million euros in Volotea

According to the announcement, the initial investment of 25 million euros is made with the joint participation of Aegean with the existing shareholders of Volotea in a capital increase of…

Tuesday, 03 September 2024

Mobile antennas: The debate on increasing the limits of electromagnetic radiation opens

The Ministry of Digital Governance established a 9-member committee that will examine the need to readjust the limits of the public’s exposure to electromagnetic radiation from mobile telephony networks. The…

‘Sounion’: The secret plan of the tug and the indications of the oil spill

The towing of the Greek-flagged tanker MV “Sounion”, which carries 150,000 tons of Iraqi crude oil, is expected to take place under extreme secrecy. The two tugboats, accompanied by three…

Electricity: 1.4 cents per kilowatt hour the September subsidy

The subsidy on September electricity bills was set at 1.4 cents/kWh. The prices of the “green” electricity tariffs for September have already been announced by the suppliers. In detail •…

Development Ministry to finance strategic private investments

The Ministry of Development will finance with 170 million euros strategic and emblematic private investments on green development over the next two months, which is expected to open new jobs,…

Attica-Pancreta: Giving the green light to the merger – The next steps

Attica Bank and Pancreta Bank are about to formally conclude their merger on Tuesday as the shareholders of the two banking institutions are expected to give the green light during…

Electricity interconnection Greece-Cyprus: The background, the risk and the solution that averted the collapse of the negotiations

Negotiations between the regulatory authorities of Greece-Cyprus and the Independent Power Transmission Operator (IPTO) had a happy ending with the parties reaching an agreement for the electrical interconnection between the…