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Monday, 20 May 2024

Unemployment fell only in Attica, but without an increase in jobs

A new regional imbalance is manifested in Greece, with economic activity and employment recovering only in the Attica region, while the rest of the regions are still lagging behind. In…

Tsakos Energy Navigation: Investments of 2.0 billion dollars in green fleet

Tsakos Energy Navigation (TEN) plans to invest 2 billion dollars to deliver on its commitment to a 100% green fleet by 2030, Dr. Nikos Tsakos, founder and CEO of Tsakos…

Digitization of customs services for goods tracking

The Information Society announced the “Commercial Vehicle and Container Monitoring System” project, with a total budget of 108.898 million euros (including VAT). The contract includes the implementation, for the Independent…

Trastor plans investments of 100 million euros in 2024

Trastor REIC aims to invest 100 million euros for the acquisition of new properties in 2024, while considering its expansion in the tourism sector (hotels) and in the market of…

Natural gas: The Vertical Corridor and the leading role of DESFA

The project of the “Vertical Corridor” is in full progress in order to allow the transit of gas from Greece, as a “gateway”, to Central Europe and Ukraine. DESFA, the…

Friday, 17 May 2024

Helleniq Energy: 179 mln euro net profit in Q1-Boost from exports, petrochemicals and RES

The positive “momentum” recorded in the first quarter of 2024 will continue in the rest of the year, Helleniq Energy’s CEO, Andreas Shiamishis, said during the presentation of the financial…

More than 2.27 million debtors of bad loans in Greece

A full range of mechanisms is used by the Hellenic Loan Servicers Association (EEDADP) in order to manage debts totaling more than 90 billion euros involving 2,271,548 debtors. Of these…

Aegean Airlines invests in the expansion of its network

Aegean Airlines is investing in the enhanced summer program, which started earlier this year, both in the international network and in the domestic network, for the summer season of 2024.…

Pharmaceutical expenditure strengthened with additional 300 million euros

The new joint ministerial decision signed by Health Minister, Adonis Georgiadis, and the Deputy Minister of Finance, Athanasios Petralias, includes the strengthening of the pharmaceutical expenditure with an additional amount…

Greek Economy: The 3+1 summer appointments for a new mid-term and 2025 budget

June is a critical month for the 2025 budget, but mainly for the new 4-year medium-term Fiscal Structural Plan that Greece, like the other member states, will submit to the…

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…