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Friday, 14 June 2024

Government reshuffle sending the «message of dynamic restart»

The government wants to send a “message of a dynamic restart” with the reshuffle it announced on Friday, which reflects the priorities for the next period with an emphasis on…

Posidonia 2024 wraps up with record number of visitors

Posidonia 2024 recorded the highest number of participation in its 55-year history. The organizers are already taking reservations for the next exhibition, scheduled for June 1-5, 2026. A total of…

Plakiotakis: A better Europe is the answer to the challenges

The Conference of Parliamentary Committees for Union Affairs of Parliaments of the European Union (COSAC) is held in Agios Nikolaos, Crete, under the chairmanship of the First Vice-President of the…

OPAP Forward: Applications for participation until June 21

The invitation concerns small and medium-sized enterprises that wish to join the 7th cycle of OPAP Forward and can submit their applications electronically through the Corporate Responsibility website of OPAP.…

Bulk carriers second-hand market overperforms

The second best performance of all time in a five-month period was recorded this year in the second-hand market of bulk carriers. According to freight brokerage Intermodal, between January and…

OTE Group: New IT Hub in Volos

OTE Group made a new investment, creating an IT Hub in Volos, which has already started its operation. For its staffing, graduates of the Department of Electrical Engineering and Computer…

Greece gains the battles against imitations of Greek feta

Greek feta exports reached 736 million euros in 2023, a performance which not only justifies why the white “gold” is included in the benchmarks of domestic products, but also why…

Public debt: Early loan repayment from the first memorandum in early December

The government is expected to proceed with the early repayment of the loan tranches of the first memorandum amounting to 8 billion euros at the end of the year, probably…

Thursday, 13 June 2024

Lamda: Real estate sales of 670 million in Ellinikon

Lamda Development’s cash receipts from real estate sales in Ellinikon have reached 670 million euros until 27.05.2024. According to the first quarter results announced by Lamda, the project of the…

Bosch: Strong growth in Greece

Bosch recorded healthy growth in Greece in 2023. According to its executives, the company went through a demanding year globally and managed not only to respond successfully, but also to…

Noval Property aims to build a portfolio of 1 billion euros

Noval Property aims to build a portfolio worth 1 billion euros in the next period, having a current investment program of 340 million euros (capex). According to CEO, Panagiotis Kapetanakos,…

Terna Energy: GEK Terna’s mega deal with Masdar in its final stretch

GEK Terna Group is about to close the agreement for the sale of Terna Energy to Masdar, an Emirati state-owned renewable energy company. Masdar, according to information, will purchase the…

The critical role of support vessels in offshore installations and wind farms

A key role in the development of offshore energy activities and especially offshore wind farms is the formation of an adequate institutional framework, which will determine the technical specifications for…

ECOLOG gets ABS’ green light for the LCO2 carrier ship

ECOLOG is one step closer to its planning for the development of a network of vessels and infrastructure for the transport of liquefied CO2. The company has been working with…

Cosmote: The 5G Stand-Alone technology network is commercially available

Cosmote is proceeding with the commercial release of the 5G+ network. The evolution of the Cosmote mobile network, based on 5G Stand-Alone (SA) technology, will offer even more possibilities, unleashing…

Diana Shipping to issue 5-year bonds

Diana Shipping Inc. addressed an invitation to stable investors to participate in the issuance of new five-year bonds. The dry bulk carrier has already commissioned investment banks Fearnley Securities and…

Coca Cola’s share notch June high; close to pre-Covid levels

Coca-Cola’s share is on track to re-approach the critical level of 32.8 euros, exceeding the psychological limit of 32 euros. More specifically, the listed company’s stock rose by almost 2%…

Danaos wins the “green” bet

New improved environmental performances were recorded in 2023 by Danaos Corporation, meeting the targets much earlier than the set timetables. The figures cited by the shipping company in its ESG…

Wednesday, 12 June 2024

Prodea plans investments to upgrade its portfolio

Prodea Investments is planning real estate investments with a total cost of 518.2 million euros, aiming to upgrade the quality of its current portfolio. Based on its plans, the planned…

Forvis Mazars: Partnering for a strong global network and redefining the industry

Forvis Mazars is a leading global professional services network operating under a single brand with just two members: Forvis Mazars, LLP in the United States and Forvis Mazars Group SC,…

Germanos: The first store in Athens, the Sunlight factory and multi-million dollar deals

Entersoft is expected to be the next company, which will be transferred to businessman Panos Germanos, completing yet another deal in the technology sector – with the support of the…

Intralot: British Columbia State Lottery digital transition project concluded

Intralot has completed one of its most important projects on the other side of the Atlantic, which concerns the transition of the central system of the British Columbia State Lottery…

Thessaloniki: Number of visitors from Turkey to Greece jump in 2023

A significant increase of 90% was recorded in the number of Turks who visited Greece in 2023 compared to 2022. More specifically, 877,000 people from the neighboring country visited Greece…

IPTO: Corinth High Voltage Center inaugurated

The High Voltage Center of Corinth, a critical infrastructure that significantly strengthens the energy security of the Peloponnese, was inaugurated. The Corinth High Voltage Center is part of the wider…

AVAX Group builds power station in Romania

The ceremony for the arrival of the first gas turbine at the Mintia Combined Cycle Power Plant, one of the largest energy projects in Europe, implemented by the AVAX Group…

The rally in the containership market continues unabated

Increasing fares are recorded in the market of containerships, at levels reminiscent of the pandemic period. The main factor pushing the market higher is the longer distances as a result…

ION Chocolates announces the acquisition of 75% of Lavdas Confectionery

ION Chocolates announced the acquisition of 75% of Lavdas Confectionery. The merger of the two historic Greek companies will create economies of scale and further strengthen their growth in the…

Tuesday, 11 June 2024

Ideal Holdings: The deals – From Three Cents to Attica

Ideal Holdings president, Lambros Papakonstantinou, seems to be considering new deals for the company which is currently worth around 300 million euros on the Athens Stock Exchange. The president of…

CLIA: Greece is the third largest cruise destination country in the Mediterranean

According to data from the Hellenic Ports Association, 7,003,150 passengers were transported to various port destinations in the country in 2023 with 5,230 cruise ship arrivals, compared to 4,629,650 passengers…

Iktinos: The adventure in China, the -70% plunge and the comeback of the Greek marble

The deputy CEO and main shareholder of the listed company “sees” the decline in demand from China as the main reason for this downward trend, given that until recently the…