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Friday, 19 July 2024

Price spike slows down consumption and GDP

A decrease – even marginal – in the revenues of Greece’s large commercial enterprises was recorded by the Hellenic Statistical Authority in May, triggering concerns as to whether high prices…

Survey: Only 13% of Greeks are aware of Greek shipping’s leading role; young people are totally unaware

Greek society has a huge lack of information about shipping, according to the conclusions of a survey conducted by Focus Bari, on “The perceptions of Greeks and the challenges in…

A new era for the Heraklion Port Authority

Mandatory investments, port fees and the rights of the new investor to enter into agreements for the execution of projects are described in the concession contract of the port of…

Metlen: Contribution of 3.63 billion euros of added value to the national economy

Managing Sustainable Development is an integral part of the METLEN Energy & Metals (formerly Mytilineos) business model. It remains a key driver of strengthening the company’s ability to achieve business…

Thursday, 18 July 2024

Drug shortages in August … and the sales of luxury cars

Drug shortages are not an August problem or a domestic one, it is a global, long-term and multifactorial issue. As the Hellenic Association of Pharmaceutical Companies (SFEE) president Olympios Papadimitriou…

SMERemediumCap: Partnership with Inspiring Earth for a powerful group in Cretan olive oil

SMERemediumCap and Inspiring Earth groups are joining forces to create a new, powerful group in the Cretan olive oil market. In particular, with the establishment of a joint company which…

Airports: Passenger traffic increases 11.4% in the first half of 2024

Passenger traffic at the 24 airports managed by CAA recorded a +6.3% increase in the first half of 2024, according to the provisional data. More specifically, the total number of…

Motor Oil’s shareholders meeting gives green light to Helector’s acquisition

Motor Oil Group held an emergency shareholders meeting providing consent for a) the purchase from the company MANETIAL LIMITED, a 100% subsidiary of MOTOR OIL (GREECE) CORINTH REFINERIES SA, of…

TEN: Full ahead for a green fleet by 2030

Tsakos Energy Navigation secured 245 million dollars in financing for its investment program. The listed company on the US stock exchange has accelerated its efforts in order to green its…

Car insurance through … Gov.gr Wallet

Minister of Digital Governance, Dimitris Papastergiou, announced the first step of abolishing the issuance of certificates and providing digitally citizens’ data, after their consent, in order to carry out an…

The production of Greek tugboats begins at the Elefsis shipyards

The implementation of the ONEX-ROBERT ALLAN agreement for the construction and production of 30 tugboats, an investment worth at least 280 million euros, has begun at the Elefsis shipyards. Last…

BoG: Competition reduced banks’ margins in Q2 2024

The credit standards for loans to non-financial corporations (NFCs) remained unchanged in the second quarter of 2024, while the terms and conditions for corporate loans eased, the Bank of Greece…

Motor Oil’s shareholders meeting gives green light to Helector’s acquisition

Motor Oil Group held an emergency shareholders meeting providing consent for a) the purchase from the company MANETIAL LIMITED, a 100% subsidiary of MOTOR OIL (GREECE) CORINTH REFINERIES SA, of…

Brain drain: More than 1 million Greeks left the country

Greece is still faced with the problem of brain drain, even after the end of the memoranda, the return to positive growth rates, the increase in wages and the reduction…

Wednesday, 17 July 2024

Services sector a new challenge for inflation

According to BoG, this year will end with the harmonized index standing at 3% compared to 2.5% in the Eurozone, while placing the next rate cut by the ECB and…

The open fronts for tourist ports and pleasure boats

The need for a holistic approach to the development of tourist ports and berths for pleasure boats is pointed out to “Naftemporiki” by representatives of the sector. Greece is one…

Greek construction groups seeking stable cash flows

Greece’s large construction groups are seeking stable cash flows in order to be prepared in case of future difficult times. For GEK Terna, Intrakat, Avax and Metka stable cash flow…

Nexi: Investments over 1 billion euros in the Greek payment industry

Foreign investors have invested more than 1 billion euros in the Greek payments industry over the last two years, according to Nikos Papadoglou, Deputy CEO of Nexi Greece. Papadoglou pointed…

Plaisio: Maintaining a multi-product and multi-channel business model strategy

The management of Plaisio focuses on maintaining the multi-product, multi-customer and multi-channel business model, according to the financial data of 2023. The company features 25,000 branded and private label technology…

Cosmote and Nova join forces to crack down on piracy

Aiming at tackling piracy but also with an eye on the viability of pay TV, Cosmote TV and Nova entered into an agreement to exchange their sports channels. As of…

Salamis Shipyards delivered 5 blocks for the second French frigate FDI FR2

On July 13, 2024, the Salamis Shipyards delivered the 5 pre-equipped blocks of the second- and fifth-series FDI French frigate, built at the Salamis Shipyards, and are already traveling from…

Metlen: We are turning the page, without changing our DNA

“We are turning the page, without changing our DNA. Our new name, Metlen Energy & Metals, will accompany our efforts to cover as many foreign markets as possible,” the chief…

Prokopiou: Mega shipbuilding program

The shipbuilding program of George Prokopiou is approaching 100 ships. According to shipping brokerage sources, the company Sea Traders, which manages the bulk carriers of the group, proceeded with six…

Alternative fuels a challenge for bulkers and tankers

A wait-and-see approach until the full availability of new fuels will jeopardize the achievement of the zero-emissions target by 2050 and all intermediate milestones by then, the CEO of the…

Telecoms: Lower fiber optic prices

The European Commission’s green light to the agreement on volume discounts between telecommunications providers triggers expectations of price reductions in the service connecting households and businesses to the fiber optic…

Tuesday, 16 July 2024

Banks: New risks – “updated” stress tests

The European Banking Authority is promoting changes regarding the stress tests of Europe’s credit institutions to be carried out in 2025. By publishing a draft for the stress tests, the…

Alpha Bank sells 90.1% of Alpha Bank Romania SA to UniCredit

Alpha Services and Holdings SA, 100% parent company of Alpha Bank SA, announced that its fully controlled subsidiary, Alpha International Holdings SMSA, entered into a binding agreement with UniCredit SpA…

Coca Cola 3E: Focus on innovation and investments for 55 years

With 55 years of presence in Greece, Coca Cola 3E combines its course with the most famous soft drink in the world and has managed to be consistently at the…

MEVGAL: Higher exports, turnover fueled by its investment program

2023 was a year of significant growth for MEVGAL, with the development course continuing this year as well, following an important investment program. The company, as its president, Mary Hatzakou,…

Netflix-GNTO: Promoting Greek tourism all over the world

The secretary general of the Greek National Tourist Organization (GNTO), Dimitris Fragakis, and the Vice President of Netflix for Public Policy Europe, Middle East and Africa region, Madeleine de Cock…