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Tuesday, 02 July 2024

German investments in Greece amount to 7.7 billion euros

Greek-German investments in fixed capital formation reached 3.7 billion euros in the period 2018-2022, while the total turnover has increased to 10 billion euros in 2022 and the companies employed…

McKinsey: Greece lags behind the European average in AI by almost 50%

Greece ranks 58th among 62 countries in terms of Artificial Intelligence, with the main difficulty being found in securing human resources with appropriate training, due to brain drain, according to…

Alumil: Investments of more than 20 million euros in 2024

Alumil’s investments exceed 20 million euros for 2024, while the company is aiming for a turnover of 440-450 million euros in 2024 and is placing special emphasis on digital transformation…

Dr Hatzikos (Siemens Greece): Digital transformation requires cooperation

Dr. Vassilis Hatzikos, CEO of Siemens in Greece, in an interview with “Naftemporiki”, focused on the increased interest in products and services that support the energy and digital transition of…

Greece-Germany: Strengthening their economic cooperation

“Greece and Germany are working together in the economy” was the message of the anniversary event of the German-Hellenic Chamber of Industry and Commerce for the completion of 100 years…

Energean: Application for carbon dioxide storage in Prinos

EnEarth, a subsidiary company of the Energean group, submitted an application for the Carbon Dioxide (CO2) Storage Permit in Prinos, Kavala, to the Hellenic Hydrocarbons and Energy Resources Management Company…

Major overhaul in the Port of Lavrion

Piraeus Bank and Dimand are proceeding with the redevelopment of the coastal area in the port of Lavrion, an investment estimated at 300 million euros, but this is not the…

Friday, 28 June 2024

Attica Group signs agreement with Stena RoRo for long-term charter

The vessels will be built by Stena RoRo at China’s CMI Jinling Weihai shipyard and are expected to be delivered in April and August 2027. With a length of up…

Profiteering: Maximum fines for violations of the measures are tripled

In an interview with Mega TV, the minister announced that the maximum fines for violations of the price control measures are being tripled, adding that he has asked the Competition…

OTE: End of an era for Michael Tsamaz – Kostas Nebis is the new head

OTE’s president and CEO for 14 years, Michael Tsamaz, made his last speech at the company’s annual regular general shareholders meeting on Friday. From Monday, OTE will be headed by…

EENMA asks to include short sea in the Recovery Fund

The president of the Hellenic Shortsea Shipowners Association (EENMA), Charalambos Simantonis, participated in the meeting of the Water Resources Subcommittee of the Special Standing Committee on Environmental Protection of the…

Greece a champion in agricultural product price increases

Greece is the champion in agricultural product price increases among European countries in the first quarter of 2024. According to Eurostat data, at national level, most EU countries (21 out…

Lamda Development: 1.3-billion-euro surplus from Ellinikon residences

The surplus value from the planned residential developments in Ellinikon, in a total area of 1.0 million square meters, based on the building surface, is estimated at 1.3 billion euros…

Shipping: 20 companies represent 72% of the Greek orderbook

The investment rally of the Greek shipping companies continues, with the orderbook reaching 531 orders. More and more Greek shipowners are placing orders, including George Prokopiou, Vangelis Marinakis, George Economou,…

AVAX signs contract with PPC Renewables for solar park in Megalopolis

AVAX Group signed a contract with PPC Renewables for the construction and operation of a 125MW photovoltaic plant in Megalopolis. It is a project with a budget of 42.9 million…

TEN: Steadily up on Wall Street

Tsakos Energy Navigation’s value on the New York Stock Exchange has increased by 73% in the last 12 months. The company, which has planned a 2-billion-dollar investment program to green…

Athens Stock Exchange – Construction: The 5+2 listed with returns of up to +25% in 2024

The construction sector continues to offer high returns on the Athens Stock Exchange, as the listed companies continue to take advantage of the projects carried out throughout the country, enhancing…

Thursday, 27 June 2024

Stassis (PPC): EBITDA target for 2024 at 1.8 billion euros

PPC Group’s strategic aim to meet the upgraded EBITDA target at the end of 2024 was underlined, among others, by the President and CEO of PPC George Stassis, speaking at…

Digital Realty: The construction of the HER1 data center in Crete is progressing – The largest digital hub in the S/E Mediterranean

The construction of the state-of-the-art data center Heraklion-1, in Heraklion, Crete, is making rapid progress, as announced by Digital Realty, world leader in the market of neutral data centers, colocation…

Public plans investments of 30 million euros over the next three years

Public Group implements an ambitious investment plan of 30 million euros over the next three years. The plan includes strengthening the network of Public + home stores in Greece and…

Strong building activity in March – Almost 40% jump in building permits

More specifically, 3,756 building permits were issued, corresponding to 873,036 sq.m. of surface area and 3,285,556 sq.m. volume. Construction activity increased by 39.8% in terms of the number of building…

Ferry companies’ fares under the microscope

The Ministry of Maritime Affairs and Insular Policy is proceeding with the intensification of inspections on all coastal shipping lines during the summer season, while it has requested the cooperation…

Athens stock market: 6+6 stocks that do not follow the recent bullish trend

The Athens Stock Exchange maintains a double-digit performance in the last 12 months, which reaches +11%. However, there are 6+6 Cap and Midcap stocks which have so far not followed…

Negotiations over 4-year Medium-Term Fiscal Structural Plan

Negotiations with the European Commission will begin in the next period in order to finalize the goals and integrate them into the 4-year Medium-Term Fiscal Structural Plan that will be…

Consumer Ombudsman: Complaints up 43% in first five months

Complaints to the Consumer Ombudsman increased by 43% in the first five months of 2024 compared to the corresponding period last year. More specifically, the trade sectors with the most…

PPC Group: Merger of companies in Romania for more efficient operation

PPC Group decided the simplification of the organizational structure of its companies in Romania, aiming at a more efficient management, greater flexibility and faster service delivery to customers. Specifically, in…

GEK TERNA: Peristeris “sees” operating profit of 700 million euros in 2028

GEK Terna’s CEO, George Peristeris, “sees” an operating profit of 700 million euros for 2028, following the agreement to sell Terna Energy and the assumption of important concessions (Egnatia Odos,…

Wednesday, 26 June 2024

Iktinos Marble: Positive estimates for 2024 – New projects in the US and Asia

Iktinos is positive about its performance so far in 2024, stressing that the current financial year will be a good year compared to 2023 which was a difficult year for…

Conference tourism: Strong interest by the British MICE market in Greece

Conference tourism generates more than 2.5 billion euros every year in Greece. The sector’s revenue can double in the coming years, while it contributes significantly to the extension of the…

Seeking funds for coastal and short sea shipping

The countdown has started for Greek shipping which must renew its fleet with ships having a low environmental footprint. From 2030, the exemption of Greek shipping (outside of Crete) from…