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Tuesday, 23 April 2024

Travel receipts jump 22.2% in February

The balance of travel services posted a surplus of 117.3 million euros in February 2024 compared to a surplus of 116.2 million euros in the same period last year. In…

Laskaridis Maritime invests in new ships

One of the most modern fleets of bulk carriers in the world is being built by Laskaridis Maritime. The company of the Alimia group has proceeded with 23 orders for…

Hatzidakis to legislate the reduction of POS charges for transactions up to 10 euros

The Ministry of National Economy and Finance is moving forward with the filing of an amendment which will provide for a 50% reduction in charges for transactions made via POS.…

Chemical industry records 3.8 bln euro turnover

The Greek chemical industry responded to the call of the European Chemical Industry Council (CEFIC) to its members to prepare National Transition Plans so that the industry faces the modern…

Greece facing the risk of lower NSRF funds

Greece is faced with the risk of receiving less EU funds from the NSRF 2028-2034, compared to the previous and the current period. Any loss of resources that will have…

Stylianidis stresses Greece’s unwavering commitment to the protection of human life at sea

“Greece’s commitment to the faithful implementation of the EU acquis and international law in terms of the management of migration flows and the protection of European borders, as well as…

Labor market: Demand for “green” specialties on the rise

The accelerating pace of the global “green” transformation creates new trends in the labor market. Demand for green skills far outstrips supply as employers look for skilled talents to meet…

Intrakat: New photovoltaic park at the Lignite Center of Western Macedonia

Intrakat group, on behalf of the PPC Group, is proceeding with the construction of a new 171MW photovoltaic park at the Lignite Center of Western Macedonia in Kozani. The group…

Titan: US grant for low carbon cement

A grant of up to 61.7 million dollars will be awarded to Titan’s Roanoke cement plant in Virginia, USA, as it has been selected by the US Department of Energy…

Monday, 22 April 2024

Philip Morris International: Greece is a model for sustainability

The total number of Papastratos IQOS users exceeded 500 thousand, with non-burning products accounting for more than 70% of the company’s net revenue. With a market share of over 20%…

Olive oil: New significant increases on olive oil prices

The difference – rise in price, according to a survey conducted by “Naftemporiki”, in supermarket chains reaches even 3.41 euros per liter and the final price now stands at 18…

Masoutis: Strengthening its presence on the islands – New strategy for real estate, franchise

In 2023, the company’s turnover exceeded 1 billion euros, marking an increase of over 16%, mainly due to the performance in the Aegean islands, Corfu, but also its strategic development…

Primary surplus 1.9% in 2023 – Significant debt reduction to 161.9%

The optimistic forecasts for a 2023 primary surplus higher than the target were eventually confirmed. According to the data announced by the Hellenic Statistical Authority (ELSTAT) and validated by Eurostat,…

PPP contracts’ sluggish performance

The procedures for the signing of PPP contracts (Public-Private Partnership) are rather slow, while the next period will be critical as to which ones will eventually be implemented. The complex…

Greek economy: Eyes on 2023 primary surplus to be announced by Eurostat

Eurostat will announce the final figures for the 2023 primary surplus and debt on Monday noon. These figures will give a first impression of whether the government will manage to…

Houthi attacks affect the port of Piraeus

The ongoing crisis in the Red Sea is causing turmoil in the movement of containers at the port of Piraeus. It is the first time that the largest port of…

Alternative electricity providers increasing their market share

Alternative electricity providers seem to have increased their market share, according to the annual report of the Energy Exchange for 2023. More specifically, private providers have increased their share to…

Ellaktor submits offer to buy shares of its subsidiary Reds

Ellaktor Group is proceeding with a new restructuring move for the acquisition of all the shares of its real estate subsidiary, Reds, and its delisting from the Athens Stock Exchange.…

AEGEAN plans investments to consolidate its presence in international markets

Having registered a successful course in 2023 and the first quarter of 2024, AEGEAN is planning major investments aiming to further strengthen its profitability and its position in the international…

Friday, 19 April 2024

Shipping: Wind propulsion increases its market share; Greek companies in focus

Wind propulsion systems are steadily increasing their share in the marine market as industry battles to reduce its environmental footprint and meet ambitious decarbonization targets. Providers of this kind of…

Mytilineos submitted request to the EU Innovation Fund for financing a triple project

Mytilineos submitted a request to the EU Innovation Fund for financing a project for bauxite, aluminum and gallium totaling 350 million euros, its CEO Evangelos Mytilineos said. In an interview…

A «green» central banker who looks into the future

There are all kinds of bankers, trying to do their job well. But others see the forest and others only the trees. Among those who not only see the “forest”,…

S&P: Will it go against the flow?

A difficult week, amid geopolitical tensions and increased uncertainty about the future of the global economy, is coming to an end. In Greece, all eyes are turned on Standard &…

Lamda Development: Demand for homes in Elliniko remains strong

The demand for houses in Elliniko remains strong with prices having risen by 15-20% compared to 10 months ago, the management of Lamda Development said. On the occasion of the…

Ellaktor reports net profits from continuing operations of 116 million euros

Ellaktor said earnings before taxes, interest and depreciation (EBITDA) rose 46% to 242.2 million euros in 2023 compared to 2022, with an EBITDA margin of 63%. Profit before tax (PBT)…

Electrical and electronic goods market negative in January–February 2024

The market for electrical and electronic goods is under pressure, according to GFK’s data for January-February 2024, as there are no purchase subsidy programs, which confirms that only subsidized consumption…

Piraeus Port Authority participates in 1st “Logistics & Transports Thessaloniki Expo”

The Piraeus Port Authority (PPA) participated in the 1st “Logistics & Transports Expo”, held in Thessaloniki, with the participation of representatives of the road, rail and port transport sector and…

IELKA: Super market prices almost unchanged in March

The prices of products in supermarkets remained almost unchanged in March 2024, showing a marginal increase of 0.28% on average compared to the corresponding month last year, according to a…

Thursday, 18 April 2024

AB’s strategy that ‘shields’ its profits and shares

Through synergies with the other subsidiaries of the parent group Ahold Delhaize as well as through more tailor made actions for the Greek market, the company manages to shield its…

Shanghai-Athens direct flight: Fam trip of Chinese travel agents

A familiarization trip (fam trip) to Greece for 37 senior executives of leading travel agencies from eight provinces of Eastern China (Yangze Delta) took place from April 6 to April…