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Tuesday, 16 July 2024

Mondelez opens cyber security center in Greece with long-term prospects

The multinational food company Mondelez chose Greece for the establishment of a cyber security center which will manage all its activities in Europe. The Greek hub combined with another one…

EU sets four conditions for PPA’s inverstments

The European Commission has set four conditions in order to continue subsidizing the project of the new cruise pier in the southern part of the port of Piraeus. According to…

LIN Ji: The next day at the Piraeus Port Authority

Piraeus Port Authority (PPA) executive vice-president, LIN Ji, who was appointed at the “helm” of the listed company at the end of April, has approved the distribution of a record…

Shipping: Fuel flexibility the”key” to new environmental requirements

Investing in flexible multi-fuel engines is today the most prudent way for a shipowner to meet the commercial and regulatory demands brought by environmental regulations, which are expected to drive…

Intrakat seen profits growing sixfold in 2026

Intrakat is aiming at its further development based on constructions, PPPs – concessions and Renewable Energy Sources (RES), expecting revenues up by sixfold in 2026. The plan also includes the…

Monday, 08 July 2024

Jotun Announces Renewal of Contract with Angelicoussis Group

Jotun is excited to officially announce the extension of its contract with Angelicoussis Group for an additional two years for the DryDock, Seastock, and NewBuilding projects of the Group. Maria…

Thursday, 04 July 2024

Piraeus one of the leading ports of the Mediterranean and Europe

“The improved financial results of our company for the third consecutive year demonstrate that the port’s development and modernization strategy, as well as the important decisions regarding its operation, are…

National Bank: Privatization timeline – Critical milestones

The Hellenic Financial Stability Fund (HFSF) is expected to proceed immediately with its disinvestment from the National Bank of Greece (NBG). More specifically, the Hellenic Financial Stability Fund, which still…

Greek shipowners’ orders on track for a new record

Greek shipowners’ orders are on track for a new record this year, as a total of 34 companies have signed contracts for more than 120 ships during the first half…

Floating platforms – extensions in marinas

A solution to the issue of the ever-increasing demand for berths in marinas as well as tourist ports for foreign and Greek pleasure boats is to be provided by the…

New Special Spatial Framework for Tourism includes measures to address hypertourism

Limiting the short-term rental of properties in famous tourist areas and establishing a special fee for the financing of renovations and infrastructure is proposed, among other things, in the new…

Sahinis (EYDAP): Water remains one of the cheapest in the world

While everything is getting more expensive, there is something that remains consistently cheap. And this is EYDAP’s water, which is kept at low levels (one of the cheapest waters in…

Cisco’s DT&S leaving Thessaloniki

CISCO is eventually leaving the city of Thessaloniki, ending the conflict that arose recently with the Municipality regarding the Labattoir building. The dispute concerns the operation of Cisco’s DT&S International…

Public contracts: Direct award contracts dominating

The amount of public contracts exceeded 6 billion euros in the four months of 2024, during which direct award contracts were once again in first place and indeed with a…

Manousakis (IPTO): Electrical interconnections are critical for Greece’s green energy success story

Electrical interconnections developed by the Independent Power Transmission Operator (IPTO) play an important role in the “greening” of Greece’s energy mix, the president and CEO of IPTO, Manos Manousakis, said…

Desserta Hellas acquires Doriki from Minerva

Desserta Hellas, a subsidiary of Berglandmilch, proceeded with the acquisition of the company Doriki, which was the separated cheese-making arm of Minerva Edible Oils and Food Enterprises. The relevant agreement…

Tourism: Visitors almost double in two years – Arrivals from Turkey jump 163%

Tourism in Greece has shown a strong recovery after the pandemic, recording a 97% increase compared to 2021, according to a Visa analysis on Mediterranean tourism. According to Visa’s analysis,…

Wednesday, 03 July 2024

Construction of a cluster of Greek high-definition earth observation satellites

Open Cosmos and the European Space Agency (ESA) signed an agreement for the construction of a cluster of Greek high-definition multispectral earth observation satellites, within the framework of the Hellenic…

Mathios Refractories on a growth trajectory as of 2024

Mathios Refractories is expected to be on a growth trajectory in the current financial year, as the company’s management emphasized during the regular general meeting of its shareholders. In particular,…

Penetration of fiber optic networks to homes and businesses remains low

The penetration of fiber optic networks to homes and businesses (FTTH or FTTP) in Greece stands at 38.4%, up 10 percentage points compared to last year, but lower than the…

Uber Boat expands to Santorini, Corfu, Athenian Riviera

Uber Greece announced speed boat trips through the Uber Boat online application for Santorini, Corfu and the Athenian Riviera. This particular service is already operating for the second year on…

Cenergy Holdings proceeds with investment in cable manufacturing plant in Baltimore

The first step in the implementation of Cenergy Holdings’ investment in Baltimore, USA, has been completed, with its subsidiary, Hellenic Cables Americas, purchasing a waterfront plot at Wagners Point, in…

HRADF: Five investment schemes express interest for the development of a Logistics Park in Fyli

The Hellenic Republic Asset Development Fund (HRADF), a member company of GROWTHFUND – The National Fund of Greece, announced that five investment schemes have expressed interest in the public international…

IOBE: Economic sentiment slightly falls – Consumer confidence up

Greece’s economic climate index slightly fell to 110.6 points in June from 111.0 points in May. According to a survey by the Economic and Industrial Research Foundation (IOBE), the decline…

PPA: High revenue and profitability for third consecutive year

PPA SA has achieved the highest performance in its history in terms of revenue and profitability for the third consecutive year. More specifically, total revenue amounted to 219.8 million euros…

Demand for containerships rises – What do Greeks buy

Demand for container ships is on the rise lately based on the number of deals on the secondary market and in shipyards. The significant increase in freight rates, as a…

Titan signs agreement with Sinoma for promotion of technological innovations

Titan Group and Sinoma CBM, a leading force in cement technology and the provision of integrated technical solutions, signed a Memorandum of Cooperation for new business opportunities and the promotion…

Tuesday, 02 July 2024

PPA: Green and social performance in 2023

The Piraeus Port Authority released the Sustainable Development Report for 2023 in the context of compliance with systematic rules, standards and initiatives for the environment, society and corporate governance, which…

OTE: The value of the Group’s real estate portfolio at 1.15 billion euros

The total value of the OTE Group’s real estate portfolio increased by 8.2% to 1,148 million euros, based on the valuation at the end of 2023. According to OTE Estate’s…

AVAX Group: New 82-million-dollar project in Iraq

AVAX Group announced the signing of a contract with the Mass Group Holding (MGH) for the study, construction and operation of a 282MW open cycle power plant in Iraq. It…