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Wednesday, 24 July 2024

Strategic collaboration between Grid Telecom and Dawiyat Integrated

Grid Telecom, a wholly owned subsidiary of the Independent Power Transmission Operator (IPTO) of Greece and Dawiyat Integrated, a wholly owned subsidiary of Saudi Electricity Company (SEC), signed a Memorandum…

Cereals and banks under the microscope of the Competition Commission

The activity of multinationals and subsequently the banking sector are put under the microscope of the Competition Commission as a matter of priority and will be checked for possible partnerships…

Positive signs for the tanker market in 2025

Clarksons in its weekly report gave a positive sign for the tanker industry in 2025. In its latest report, UK-based Clarksons said that good conditions in the tanker market will…

Stournaras (BoG) sounds alarm over labor shortage

The Bank of Greece (BOG) governor is sounding the alarm over the important labor force shortage, stressing that if immediate efforts are not made to cover the approximately 200,000 vacant…

Greek tourism: Arrivals up, but spending per capita down

Significantly more tourists compared to last year seem to have chosen Greece this year for their summer holidays. However, the increase in total tourism receipts is relatively small. And this…

Tuesday, 23 July 2024

ICAP CRIF: Acquisition of Date Firme in Romania and strengthening of its dominant position in SE Europe

ICAP CRIF  is the leading Group of Companies in the market of Credit Risk and Business Information Solutions in Southeast Europe and a member of the global company CRIF. Nikitas…

Ideal Holdings strengthens IT sector with the acquisition of 75% of BlueStream

Ideal Holdings (İDH) continues to further strengthen the IT sector with the acquisition of 75% of BlueStream. It is a fast-growing Greek service provider company that offers infrastructure services both…

GR.EC.A: E-commerce records worst performance in March 2024

The worst performance in the e-commerce market was recorded in March 2024, according to the data of the Hellenic Electronic Commerce Association (GR.EC.A). The survey concerned the performance of fashion…

ELSTAT: Arrivals and overnight stays in Greece up in May

The Hellenic Statistical Authority (ELSTAT) announced the monthly provisional data of arrivals and nights spent in hotels, similar establishments, tourist campsites and short-stay accommodation establishments in May 2024. According to…

Competitiveness deficit

The deficit of the current account balance widened in relation to the same period last year and amounted to 9.7 billion euros in the five months of January-May 2024. More…

Pretty islands pretty flame

Prices in Tinos have almost approached those in Mykonos while the island has become a famous Instagram spot. Cocktails such as the Aperol Spritz in a plastic glass cost 12…

Start ups: Liquidity, funding and finding customers the main challenges

Liquidity, funding and finding customers are the main challenges for the European and Greek technology start-ups ecosystem, which nevertheless remains optimistic despite the challenges, while the American dream remains alive…

ECM and Metric Capital sell their majority stake in FAMAR

ECM Partners and Metric Capital Partners have signed an agreement to sell a majority stake in FAMAR, an established pharmaceutical development and manufacturing services provider (CDMO), to MidEuropa. MidEuropa is…

Aktor assumes construction of Tsiknia Dam in Lesvos

AKTOR, a member of the Intrakat Group, signed a contract with the Infrastructure and Transport Ministry for the construction of the  Tsiknia Dam, on the island of Lesvos, with a…

Monday, 22 July 2024

Piraeus Port Authority receives two awards for its contribution to the Greek economy

Piraeus Port Authority (PPA) SA received two additional awards for its significant contribution to the development of the domestic economy, in the “Protagonists of the Greek Economy” awards organized by…

UNICEN: The situation regarding energy prices is out of control

“The situation regarding energy prices is out of control,” the president of UNICEN (Hellenic Union of Industrial Consumers of Energy), Antonis Kontoleon, said, stressing that “the measures announced seem to…

Cruise sector: 2024 a record year for the port of Heraklion

The port of Heraklion shows impressive numbers of passenger arrivals as well as cruise ship arrivals. More specifically, 2024 is expected to be a record year for cruises in the…

Sarantis Group: International presence and sustainable development are key goals

Sustainable production and consumption, empowered employees, contribution to thriving communities as well as responsible governance are the four pillars of the Sarantis Group’s Sustainable Development, according to the 2023 report.…

Restaurants forced into changes as of August 1

Restaurants will be obliged to use a Fiscal Electronic Mechanism (FIMAS) or restaurant cash register or fiscal printers (ADIME) to issue receipts as of August 1. The obligation concerns (full-meal)…

National Bank: Corporate and Investment Banking

National Bank finances the major projects that support the infrastructure and modernize Greece, making it among the top tourist destinations. At the same time, it supports tourism businesses with high-level…

Electrical and electronic goods remain in the “red”

The Greek electrical and electronic goods market remained on a negative trajectory in the first five months of 2024, according to GFK data . More specifically, the electrical and electronic…

Nova accelerates development of FTTH network

Nova has filed an application to participate in the Law on Strategic Investments, part of its investment program, amounting to 93.4 million euros, aiming at accelerating the development of the…

Attica Bank-Pancreta: The day after the merger

The creation of a new ‘banking pole’ is something that the Greek banking system needed. The shrinking of the banking sector after the crisis, with the closure of many banks…

LARCO, bank mergers and 3 more hot issues on the agenda of the Greek Finance Ministry

The Ministry of National Economy and Finance has five “hot” issues to deal with this summer. According to ministry officials, all five issues have been “dragging” for a number of…

Friday, 19 July 2024

HRADF: 10-million-euro CEF funds for 4 ports

Four regional ports that are part of the HRADF portfolio secured 10-million-euro funds from the European Commission’s Connecting Europe Facility (CEF) program for the development of cold ironing infrastructure and…

Intrakat: New project to modernize water resources management

Intrakat has undertaken a new hydraulic project, which promises to modernize the water management process in one of the country’s most important areas and contribute to the revitalization and sustainable…

Yellow card to Greece for working hours

The figures presented exclusively by “Naftemporiki” include working hours that reached 2,042 in 2015, and slightly dropped to 1,886, in 2022. In any case, the difference with other countries is…

GEK Terna: New subsidiary for energy activities not sold to Masdar

GEK Terna Urban Services will assume in the first phase the activities of Terna Energy, which will not be sold to Masdar under the agreement that has been announced. This…

Attica Bank-Pancreta: Agreement for the creation of the 5th ‘banking pole’

The agreement for the creation of the 5th ‘banking pole’ was signed, while the contract for the merger of the two banks Attica Bank – Pancreta Bank was sent to…

First hybrid ship launched in Perama

The first hybrid technology passenger-car ferry was launched at the Kanellos Shipyards in Perama, on behalf of the Italian company Blu Ferries. It is the “Sikania II Hybrid” which is…