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Thursday, 27 June 2024

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…

Clothing: Exports on positive track after 1.5 years of downward trend

A small increase of 1.7% was recorded in the exports of the clothing-textile industry chain in April, according to data from the Hellenic Fashion Industry Association (SEPEE). In total the…

Eurosystem and ECB portfolios steadily decarbonising, climate-related disclosures show

The European Central Bank (ECB) has published its second set of climate-related financial disclosures, which provides information on the carbon footprint of its portfolios and their exposure to climate risks,…

Plaisio enhancing its network

Plaisio continues to strengthen its network, renovating its stores throughout the territory and at the same time boosting their product range. According to the company, the fully renovated stores now…

Athens Stock Exchange – Energy: 21 billion euros the value of the 6+3 listed companies 

The energy sector continues to attract the investors’ interest on the Athens Stock Exchange, while the successive deals create the conditions for further improvement of the valuations. The recent agreement…

“Made in Germany” the 88th TIF, with high expectations for new Greek-German collaborations

“Made in Germany” 88th TIF aspires to be a milestone for the further strengthening of Greek-German economic cooperation. This year’s TIF, with Germany as the Honored Country, as the CEO…

Athens hotels: Annual occupancy increase of 4.8% in May – Average room rate at 127 euros

Hotels in Athens recorded an average occupancy rate of 72.3% in the first five months of 2024 compared to 68.9% in 2023. In May, occupancy rates stood at 86.2%, lower…

Intrakat’s strategic planning focuses on PPP, RES investments and acquisitions

The Intrakat Group’s strategic planning for the coming years, which includes the expansion of the PPP and Concessions portfolio, investments in Renewable Energy Sources (RES), strengthening the presence in the…

Bank of Piraeus cooperates with Dimand in four important projects

The managing director of Piraeus Bank, Christos Megalou, and the managing director of Dimand, Dimitris Andriopoulos, announced four important projects – developments on the sidelines of their strategic cooperation, as…

Tuesday, 25 June 2024

The value of upbringing

Imagine a world where everyone grows up with strong emotional skills, resilience, and a clear sense of right and wrong. Individuals nurtured in supportive environments are better equipped to handle…

Attica Group keeping its leading role worldwide in transport capacity

Attica Group remains a leader in the passenger shipping industry, occupying the second position worldwide in passenger carrying capacity, with the operation of 45 ships in 4 countries, 63 unique…

AEGEAN “Best Regional Airline in Europe” at the World Airline Awards 2024

At the same time, it ranked second among the best airlines in “The World’s Best Regional Airline 2024” and third in the ranking for “The Best Airlines in Southern Europe…

Blue economy and Piraeus Port

Piraeus port-city is in Attica, in southern Greece. Piraeus municipality is the 5th largest in Greece. The city was founded in early 5th century BC. Today, is a large city,…

OTE turning a new page

OTE Group has streamlined its finances, created new sources of revenue, by expanding into areas such as IT and communications projects, and transformed itself into a modern technology company with…

Greek Tech Startup Ecosystem: The Midas Touch

There are undoubtedly many talents of Greek origin, part of which makes up the Greek ecosystem of tech start-ups, which have been spotted by tech talent hunters. However, the bet…

Peristeris: The immediate benefit of 260 million euros and the next day – without Terna Energy

George Peristeris, CEO of GEK Terna, has undoubtedly attracted a lot of attention over the last days following the conclusion of the largest energy deal in the history of the…

Hellenic shipping is on renewal track with newly built ships

Although geopolitical conditions continue to greatly affect international shipping and bank interest rates remain at relatively high levels, the Greek fleet is being renewed with newly built high-tech ships and…

“Naftemporiki” awarded the title “European Newspaper of the Year 2024”

“Naftemporiki” was awarded the title “European Newspaper of the Year 2024” in the context of the European Newspaper Award 2024 competition. During a ceremony held at the Palais Niederoesterreich in…

Alimos Marina gets the green light for its construction

The Ministries of Environment, Energy and Tourism signed the Joint Ministerial Decision for the approval of the Alimos marina and the environmental conditions. The marina will have the possibility of…

Friday, 21 June 2024

7.2-billion-euro deals changing the energy “map” in Greece

The energy sector of the Athens Stock Exchange has attracted the investors’ interest over the last nine months, with the agreement of the Arab Masdar for the acquisition of Terna…

Stassis (PPC): The risk of bankruptcy, the total comeback and the dividend of 95 million euros

July 2015 was the last time that PPC distributed a dividend of 0.05 euros/share. For the next nine years, the company did not pay a dividend. However, on July 27,…

Chinese shipyards’ plans for next-generation ships

China’s shipyards are focusing on the optimal design that will allow lower consumption and, by extension, the installation of energy-saving devices, while developing the next generation ships. At the same…

Iktinos committed to its business plan and return to profitability

Iktinos’ performance so far involves return to profitability, a steady course according to its business plan, new projects abroad and an increase in production. The management, however, underlined that the…

GEK Terna: Available funds for investments amounting to 3 billion euros

GEK Terna Group has available funds for investments amounting to about 3 billion euros, following the agreement to sell its subsidiary Terna Energy to Masdar, based on its total valuation…