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Friday, 17 May 2024

Bank merger scenarios rising-the situation in Greece

Greece has a rather concentrated banking market, Bank of Greece Deputy Director Christina Papakonstantinou said in a recent interview to the SSM newsletter. However, she added that fintech companies and…

Eurobank: Dividend of over 9 cents per share

Eurobank aims to distribute a dividend of just over 9 cents per share (30% of its profits) for 2023, all in cash without repurchasing shares, CEO Fokion Karavias said during…

Hatzidakis in favor of Recovery Fund II to support green policies

Minister of National Economy and Finance Kostis Hatzidakis is in favor of the Green Deal and the green transition, but stressed the need for financial support during the Brussels Economic…

Alpha Bank aims to distribute 1.1 billion euros to shareholders until 2026

Alpha Bank will distribute 1.1 billion euros until 2026 in the form of a dividend but also through a buyback to its shareholders. For 2023, the bank is aiming to…

Thursday, 16 May 2024

Shipping: Slow LNG infrastructure development

Maritime research consultancy Drewry highlighted that falling LNG prices in 2023 and forecasts of low prices until 2028 will boost demand for LNG tankers, while at the same time, it…

Stournaras: Bank rescue tools need to be revaluated

While the political leadership of Europe, as can be seen from Macron’s statements, envisages larger pan-European banking schemes, the banking supervisors seem to have started discussing ways to supervise these…

Navios Partners implementing a fleet renewal program

Aggeliki Fragou’s company, which closed the first quarter of 2024 with revenues of 318.6 million dollars and profits of 73.4 million dollars, has been on a sales spree over the…

8th Naftemporiki Conference: Truths and myths about carbonization

How close or far are we to weaning off fossil fuels? What are the available technologies? What is considered practical and viable? What is likely and what is unlikely to…

Celestyal: Partnership with Abu Dhabi and AD Ports Group

Celestyal signed a Memorandum of Cooperation with the Department of Culture and Tourism of Abu Dhabi (DCT Abu Dhabi) and the AD Ports group. The agreement, signed as part of…

Panagiotakis (Cyberlogic) on Naftemporiki TV: The goal is to dynamically place Crete on tourism technology map

Stergios Panagiotakis, CEO of Cyberlogic, in an interview with “Naftemporiki TV” presented the activities and prospects of the company as well as Silicon Crete, a new initiative to promote and…

Shipping focuses on green technology

The Posidonia exhibition will take place at the Athens Metropolitan Expo, from June 3 to June 7. The exhibition, which takes place every two years, has been since 1965 the…

EU Commission: 2.2% growth rate in 2024, 2.3% in 2025

The Greek economy will continue to grow at higher rates than the eurozone average in 2024 and in 2025. Exports, investments and private consumption are expected to contribute to the…

Can Greece be the Silicon Valley of global shipping?

Greek shipping has always been a pioneer in exploiting technological developments and innovation. Therefore, it could not remain unaffected by the revolution of digital transformation and artificial intelligence. So how…

IELKA: Supermarket prices remained stable in April

The prices in major supermarket chains remained almost unchanged in April 2024, compared to the same period in 2023, according to a survey conducted by the Institute of Retail Consumer…

Wednesday, 15 May 2024

Vafias: Only 800 out of 5,500 ships have a Greek flag – This must change

The issues that concern shipowners such as the new measures for greenhouse gas emissions, the regulatory framework, the new constructions and the trends in the international shipping markets were raised…

Prokopiou: The miracle of Greek shipping

With the experience of 54 years of activity in Greek shipping, Giorgos Prokopiou, founder of the companies Dynacom Tankers, Sea Traders and Dynagas, spoke from the podium of the 8th…

Captain Panagiotis Tsakos stresses need to attract more people to maritime profession

The need to strengthen maritime education, as well as to attract more young people to the maritime profession was underlined by Captain Panagiotis Tsakos, during his speech at the 8th…

Xylas: Greek shipping will continue to lead the global industry

The contribution of Greek shipping to the development of the country as well as the prospects and the challenges of the sector were highlighted by John Xylas, treasurer of the…

Stylianidis: A period of challenges and upheavals for global shipping – Greece’s decisive role

The Minister of Maritime Affairs and Insular Policy Christos Stylianidis opened the proceedings of the 8th Naftemporiki Conference entitled “The critical decisions”, presenting the important challenges facing global shipping as…

Ktenas: For a hundred years, ‘Naftemporiki’ and shipping have been marching together

Naftemporiki’s interrelated course with Greek shipping and its timeless presence in the news “front line” was underlined by the General Manager Spyros Ktenas during his speech at the 8th Naftemporiki…

EBRD: Greek economy to grow 2.3% in 2024 and 2.6% in 2025

The European Bank for Reconstruction and Development (EBRD) sees the Greek economy as resilient, estimating that it will continue to outperform the rest of the eurozone both in 2024 and…

Stylianidis to ‘Naftemporiki’: The “keys” for an agreement on carbon pricing

Minister of Maritime Affairs and Insular Policy Christos Stylianidis outlined in an interview with “Naftemporiki” three plus one principles for reaching an agreement at the level of the International Maritime…

Shipping: Greek companies’ capitalization skyrocketed

The capitalization of Greek shipping companies listed on the US stock market has skyrocketed over the last months and the 1 billion “club” continues to grow, while soon we may…

“Critical Decisions”: Naftemporiki’s 8th Conference

“Critical decisions” is the title of the 8th Naftemporiki Conference which will take place on Wednesday, May 15, at the Stone Warehouse of the Piraeus Port Authority (PPA). “Naftemporiki” will…

AVAX Group’s growth pillars: Constructions, participation in projects, new investments

The financial results of 2023, the strategy and the prospects of the AVAX Group were presented by the management to representatives of stock companies and institutional investors. According to the…

Mytilineos: Positive momentum for Greece, not for Europe

The president and CEO of MYTILINEOS, Evangelos Mytilineos, took part in the proceedings of the Circle of Ideas Conference. He focused on the causes that led to the economic crisis…

Tuesday, 14 May 2024

Greek shipowners focus on modern ultramaxes

Modern ultramaxes are currently the most appealing type of bulk carrier, based on the latest deals, in which the Greek shipowners dominate. According to data from domestic shipping companies, a…

Cenergy Holdings signs contract with Corinth Pipework for low CO2 steel pipes

Cenergy Holdings announced a new contract for Corinth Pipeworks, its steel pipe segment, for steel pipes with CO2 reduction certificates. Subsea7, one of its long-term customers, opted to take advantage…

OTE Group: Dynamic start in 2024 with 9.2% increase in revenues

The group’s consolidated revenues increased by 9.2% to 877.6 million euros, due to strong performance in Greece. Adjusted EBITDA rose 1.2% to 326.0 million euros, with a margin of 37.1%.…

Containerships: Which Greek shipowners win the bet

Alphaliner pointed out in its analysis the dynamics of independent shipping companies managing containerships, mainly from Greece and Asia, although liner shipping companies are reducing their dependence on ship charters.…