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Thursday, 13 June 2024

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…

ManpowerGroup: Hiring intentions; IT sector the most competitive

Hiring intentions in Greece for the period from June to September 2024 are moving at moderate levels, with total employment prospects of 10 percentage points according to the latest survey…

Electrical and electronic goods market on a negative trajectory

The market of electrical and electronic goods has entered a negative trajectory, as shown by the data in the January-April period, according to GFK. However, sector representatives are betting on…

Coast Guard: Supply of 11 vessels configured with sanitary equipment

A contract for the supply of eleven (11) boats suitably configured with sanitary equipment, over 11m long, was signed by the Minister of Maritime Affairs & Insular Policy, Christos Stylianidis,…

TMS Group and Lloyd’s Register team up for Energy Transition Strategy Project

TMS Tankers and TMS Cardiff Gas have entered into a strategic partnership with Lloyd’s Register (LR), as part of an ambitious Energy Transition Strategy Program (ETSP). The collaboration will explore…

Greek banks leaders in maritime financing

Greek banks will surpass foreign banks in shipping financing, Ted Petropoulos, head of Petrofin Research, estimated in an interview with “Naftemporiki”. “Greece’s financing sector is entering a new phase, where…

Stassis (PPC): Energy interconnections are a priority

The priority of the new European Commission must be the development of energy interconnections, the president and CEO of PPC George Stassis, said speaking on the Redefining Energy podcast of…

Taxpayers faced with tsunami of taxes in the next seven months

Taxpayers are facing a new “tax tsunami” over the next seven months as, in addition to the price spike hitting family budgets, they will have to pay a series of…

Monday, 10 June 2024

Positive signs for shipping industries in the first half

The first half of the second quarter of 2024 found ocean liners facing an unusual condition: all five major shipping industries showed momentum in terms of rates, while for the…

ELSTAT: Inflation drops to 2.4% in May

Greece’s inflation fell to 2.4% in May from 3.1% in April, 3.2% in March and 2.9% in February, according to the Hellenic Statistical Authority (ELSTAT). Food – non-alcoholic beverages showed…

Melisanidis announces his departure from AEK Football Club

Dimitris Melisanidis announced his departure from the AEK Football Club, in a statement on the team’s official website. The administrative leader of the AEK Football Club said that it is…

AADE launches new Registry of Property Ownership and Management

The Independent Public Revenue Authority (AADE) is proceeding with changes that will affect the 7.2 million taxpayers as of September, following the launch of a new online database for landlords…

Energy suppliers are called on to pay tax of 258 million euros

The “public coffers” are expected to be enhanced with an amount of around 258 million euros from the collection of the extraordinary tax that was imposed on suppliers during the…