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Tuesday, 03 September 2024

Positive momentum for product tankers

Despite the large correction recorded in the product tanker market during August, freight rates are expected to recover due to favorable supply and demand data. As stated in the latest…

METLEN Energy & Metals: Two important ISO certifications

METLEN Energy and Metals announced that it has received two important certifications from the independent body TUV Nord for ISO standards 37002 and 37008, which cover every aspect of the…

Monday, 02 September 2024

Greece’s cruise sector to show record passenger numbers in 2024 and 2025

Greece’s cruise sector will present record passenger numbers in 2024 and 2025, as Greece is one of the most popular destinations, while the ongoing crisis in the Red Sea is…

AustriaCard Holdings aiming at the markets of Neo and Challenger Banks and Fintech

Τhe AustriaCard Holdings group is focusing on the emerging market of Neo and Challenger Banks and Fintech internationally, as the group’s management emphasized during the briefing to analysts. According to…

AADE-GEMI interface: How it will detect changes in capital increases and data falsifications

Intersections around the financial and administrative profile of businesses are accelerating, as the interface between the Independent Public Revenue Authority (AADE) and the General Commercial Registry (GEMI) will be operational…

Intralot: Higher profits, slowly lower revenue and borrowing in the first 6 months

Higher profits, a marginal decrease in revenue and a decrease in borrowings show Intralot’s first half results. The company is keeping the bar high on signing contracts in the North…

Athens stock market: The milestones in September

The Athens Stock Exchange is entering one of the most critical months of the year. Investors, gifted with an average return of 10% in the first eight months of 2024,…

Coastal shipping preparing its future movements

Coastal shipping companies are rather active recently, in view of the initiatives of the Ministry of Shipping to secure European funding for the use of green technologies and the renewal…

Moody’s: The critical rating for the Greek economy on Sept 13

The announcements of the foreign rating agencies for the Greek economy, which start in September, are awaited with great interest, with Moody’s evaluation being the most important, as it is…

Competition Commission gives green light for Attica Bank-Pancreta Bank merger

The Hellenic Competition Commission gave its approval for the merger between Attica Bank and Pancreta Bank, marking a significant development in the Greek banking sector. The merger is expected to…

Inflation impacts summer sales

The 2024 summer sales were concluded amid pressure on operating costs and tax liabilities. The survey of INEMY-Hellenic Confederation of Commerce & Entrepreneurship reflects the concern in the market, as…

Friday, 30 Αυγούστου 2024

HELLENiQ Energy announces comparable EBITDA of 570 million euros

The group’s comparable EBITDA profits amounted to 570 million euros, a performance that sets the stage for a good year, despite the fact that the second half appears so far…

Greece’s unemployment rate below 10% for second consecutive month

Greece’s unemployment rate stood at 9.9% in July, according to the data of the Hellenic Statistical Authority (ELSTAT). In the corresponding month of 2023, unemployment was at 11.1%, while it…

Enterprise Europe Network Hellas: Higher turnover by 35.5% for the companies that received its services

The average turnover of Greek businesses that received services from the Enterprise Europe Network Hellas consortium increased by 35.5%, according to the survey on the quality of services of the…

Austria Card revises upwards its 2024 results

Austria Card Holdings AG Group is on track to achieve or exceed its forecast for 2024, the company’s management said during the release of its six-monthly financial results. “We confirm…

Athens stock exchange: Summer ends with losses – Focus on MSCI changes

All eyes are turned on the restructuring of the MSCI indices on the last day of the summer. More specifically, a rebalancing will take place, with the Motor Oil share…

Will Japan be the honored country of 2026 TIF?

Discussions are underway with the administration of TIF-Helexpo SA, for the declaration of Japan as an honored country in the 2026 Thessaloniki International Fair (TIF), the Japanese ambassador to Athens,…

Gerapetritis calls on Fidan to avoid tension between the two countries

Foreign Minister George Gerapetritis met with his Turkish counterpart Hakan Fidan on the sidelines of the informal meeting of the EU Foreign Affairs Ministers in Brussels. According to diplomatic sources,…

Pension applications soar-Insurance system under pressure

A significant increase in new applications for pension were recorded in the labor market, according to EFKA data for the first half of the year. An additional incentive is now…

Athens Stock Exchange: Which stocks have not recovered from the August 5 sell off

The Athens Stock Exchange may have fully recovered the losses from the sell off of August 5, when the General Index lost 6.2% and fell to 1,341 points, but there…

Summer sales: Lower or same turnover for 8 out of 10 retail companies

Turnover in 8 out of 10 businesses was the same or even lower during the summer sales compared to last year, according to the results of the six-monthly survey of…

Thursday, 29 Αυγούστου 2024

Greece mulls reducing income criteria by 30% in 2025

The government said that the implementation of the measure concerns not only the pre-election commitment, but mainly the reduction of unfair burdens. A reduction that is part of the general…

Housing policy: List of first 447 properties for exploitation

The State has identified the first 447 properties to be exploited as part of the measures to address the housing problem, through 365,853 properties that have been included in the…

BoG: Deposits decreased by 607 million euros in July

According to BoG, the annual rate of change of the total financing of the domestic economy remained unchanged at 3.7% in July 2024, compared to the previous month. The annual…

Gerapetritis: Turkey’s European path must be based on respect for international law

“We are coming to the informal Council of Foreign Affairs, in an extremely difficult and sensitive period for international security,” Foreign Minister George Gerapetritis said upon his arrival at the…

What caused the 1%-400% increase in drug prices?

The cost of drugs will increase for Greek citizens following the government’s price adjustment in more than 900 products. This move was deemed necessary, as, according to Health Minister, Adonis…

Hatzidakis: Tax incentives for angelinvestors and the commercial exploitation of patents

The financial staff presented the innovation and merger incentives bill during the cabinet meeting. Following the disbursement of the 4th payment request for the 1-billion-euro subsidies in October, Greece will…

Imperial Petroleum records higher profits

Imperial Petroleum, owned by Haris Vafias, recorded net income of 19.5 million dollars in Q2 2024, up 2.8 million dollars from Q1 and up 2.7 million from Q2 quarter of…

Russian fleet entering the LNG sector

After developing a “shadow” fleet of tankers, the market analysts’ estimates that Russia is now building its own fleet of LNG carriers to counter Western sanctions are confirmed. The US…

Shipowners opt for used bulk carriers and new tankers

Shipowners are buying used bulk carriers and building tankers, according to the latest data on shipping deals. In dry cargo, the weekly report published by shipbroker Xclusiv Shipbrokers shows strong…