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Wednesday, 29 May 2024

Mitsotakis: Greek economic performance is positive amid global turmoil

Prime Minister Kyriakos Mitsotakis described the progress of the Greek economy as positive, despite the international turmoil. Speaking at the Conference of the International Organization of Capital Market Supervisory Authorities,…

Greece makes use of RRF and NSRF to be in the front line of green transition

The “important environmental and green dimension” of the Recovery and Resilience Fund (RRF) was highlighted by the Minister of National Economy and Finance, Kostis Hatzidakis, speaking at the 14th Annual…

Greece to have lower public debt than Italy

Greece and Portugal “figured” as “elite” members of PIGS in terms of public debt about 14 years ago. However, they seem to be doing much better today than other countries.…

AEGEAN: 25 years of development, creation and quality service

AEGEAN completes 25 years of dynamic progress, and celebrates with its passengers, its people and all those who contributed to its development, realizing the vision of its founder, Theodoros Vassilakis,…

Aria Hotels: Design of 4 electric vertical takeoff and landing aircraft

Aria Hotels, a subsidiary of the Libra Group, are pioneers in the design and construction of vertiports for electric vertical take-off and landing (eVTOL) aircraft, as part of a 50…

Tuesday, 28 May 2024

Strong growth in Russian LNG exports

As Brussels is considering sanctions on Russian liquefied natural gas (LNG), its exports have seen significant growth this year, boosted by demand in China, Japan, France and Spain. According to…

Climate, tourism, sports events to boost beer market

Beer consumption is expected to move upwards in 2024 compared to the previous year. In terms of sales volume, consumption was close to 4 million hectoliters in 2023. “The weather…

Tourism: Air France launches direct flights from Paris to Kalamata

Air France has added direct flights from Paris to Kalamata in its program for this summer, reflecting the high interest of French travelers in the southwestern Peloponnese. The flights will…

State Budget: Revenues above targets in January-April

The revenues of the state budget moved significantly above the target in the first quarter of the year, based on the data published by the Ministry of Finance. Primary Surplus…

Noval Property enters the final stretch for listing on the Athens Stock Exchange 

Noval Property (Viohalco group) enters the final stretch for listing on the Athens Stock Exchange, consolidating its real estate portfolio and its further development with investments of 340 million euros…

OTE: Discussions with a new prospective buyer in Romania

The management of OTE continues its attempt to sell its 100% subsidiary in Romania, Telekom Romania Mobile (TKRM), having contacts with a new buyer. This is West Network Invest S.R.L.,…

H.I.G.: Investments of 600 million in logistics and hotels – Considering acquisitions in Spain, Italy

Investments with a total value of 600 million euros are underway at H.I.G. Capital Advisors in logistics and hotels with Inventio, which manages them, while at the same time considering…

Posidonia 2024: Dynamic return of the country’s major shipyards

In June 2010, the Skaramagas Shipyards, the Elefsis Shipyards and the Syros Shipyards had a joint presence at the world’s largest shipping exhibition Posidonia. The crisis in shipping and Greece’s…

GNTO and Wego bring travelers from the Middle East closer to Greece

Wego, the number one travel application and platform in the Middle East and North Africa, has announced a new partnership with the Greek National Tourism Organisation (GNTO), aiming to promote…

Monday, 27 May 2024

Mytilineos proceeds with dual listing on the London Stock Exchange

Mytilineos Group is planning a dual listing on the London Stock Exchange and will invest 3.3 billion euros over the next four years in Renewable Energy projects in Italy, the…

Airports: 12.2% increase in passenger traffic in the first quarter

Passenger traffic rose 12.2% and aircraft traffic 6.4% at all Greek airports in the first four months of 2024, according to data from the Civil Aviation Authority (CAA). More specifically,…

Mytilineos condemns EU policies affecting sustainabilit

Mytilineos’ CEO, Evangelos Mytilineos, condemned European policies affecting the sustainability of the industry, speaking at the 14th State of the Union 2024 Conference organized by the European University Institute in…

Grecian Magnesite: World leader in the magnesia market

The company Grecian Magnesite focuses on the market of industrial minerals, specializing in magnesia. In particular, the company ranks among the leading magnesite producers in the world, with a staff…

130 cruise ships in our seas

The wider Mediterranean region is a safe cruise destination, with Greece included as one of the most important destinations throughout the year, due to its climate. Despite the fact that…

Athens Stock market: A step back before the next surge?

Volatility is the main characteristic of the Athens Stock Exchange, as the recent climb of the General Index to 1,500 points, combined with the “cloudy” prospects surrounding the timetable for…

‘Green’ tariffs to move higher in June

The prices of “green” tariffs are expected to move to significantly higher levels in June compared to May, following the increases in electricity wholesale prices. The indications so far in…

Hardalias in Shanghai for ITB China – Meeting with Juneyao Airways

Aiming at attracting a wider share of the Chinese tourist market to Attica, the regional governor, Nikos Hardalias, is visiting Shanghai, within the framework of the international exhibition ITB China…

Opening of approximately 55,000 new jobs in the construction sector

Around 55,000 new jobs are expected to be created in the construction sector amid the prospect of strong growth in domestic construction activity in the coming years, Deputy Minister of…

Motor Oil’s rally to an all-time high

Motor Oil has surged to an all-time high, with its core business exceeding 3 billion euros for the first time in its history. More specifically, the Group’s share price has…

Friday, 24 May 2024

Development Ministry imposes fines on 3 servicers and debt collection firms

Greece’s Development Ministry imposed administrative fines of a total amount of 305,000 euros on servicers and debt collection companies for violation of the relevant legislation. More specifically: – A fine…

New technologies and soft skills for the decarbonization of shipping

Promoting the importance of safety regarding shipping decarbonization requires the cultivation and development of soft skills as well as the continuous training and retraining of workers in new technologies. This…

Laboratory doctors abstain from their work demanding the abolition of clawback

Laboratory doctors continue to abstain from their jobs for the third week, demanding the abolition of clawback. The future of their mobilization will be decided at the nationwide teleconference to…

Quest: Positive outlook for 2024

The management of the Quest group gave a positive outlook for the entire year of 2024, speaking of a slight increase in sales and profitability at the same level or…

Aegean: Turnover up 17% in Q1 2024 – EBITDA at 33.2 million

Following the strong momentum of 2023, Aegean continued its growth course with a further increase in capacity in the winter months as well. According to a related announcement, the Group…

Athens Stock Exchange: Seven high-profile placements

Seven high-profile placements, with a total value of 3.1 billion euros, have taken place on the Athens Stock Exchange, proving in practice the high attractiveness of domestic assets. The recent…