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Monday, 01 April 2024

E. Nomikos proceeds to fleet renewal deals

Ε. Nomikos Corp., a company with more than 100 years of history in the shipping industry, is gradually renewing its fleet with deals in the secondary market. According to “Naftemporiki” …

Manousakis (IPTO): Greece’s position is enhanced through international connections

The strengthening of Greece’s position through international connections was emphasized by the President and CEO of the Independent Power Transmission Operator (IPTO) Manousos Manousakis during his presentation at the 5th…

Plastics: Recycling a critical pillar

2023 was a year of significant challenges for the plastics industry. As George Lysseos, Executive Director of the Association of Plastics Industries of Greece, underlined to “Naftemporiki”, “the future of…

Hoteliers in Athens optimistic about return to normality

Hoteliers in Athens spoke of a “total return” to normality – with stability – citing, however, the potential effect of unpredictable factors such as geopolitical, climate and economic crises. According…

Friday, 29 March 2024

PPA: Record revenues and profits – Higher dividend by 29%

The Piraeus Port Authority (PPA) announced higher revenue and profitability for the fiscal year 2023. More specifically, total revenues reached 219.8 million euros, up 12.9% or 25.2 million euros compared…

Steady growth encourages corporate deals

2023 was a milestone year for all of Europe, according to the analysts of PwC Greece, for many reasons, including the war conflicts in Ukraine and the Middle East, high…

E-commerce: The trends and the outlook in Greek market

The trends, the outlook and the performance of the main sectors of E-Commerce including fashion, technology, pharmacy, home goods, sports goods and cosmetics were recorded in a survey by the…

Greece increases minimum wage to 830 euros

Greek Prime Minister Kyriakos Mitsotakis announced on Friday during a cabinet meeting an increase in the minimum wage to 830 euros per month as of April 1, 2024. This is…

Noval Property in the final stretch for its listing on the Stock Market

Noval Property (a subsidiary of the Viohalco Group) is in the final stretch for its listing on the Athens Stock Exchange. Its management said early March that its listing has…

ASIA PACIFIC MARITIME 2024: Dynamic Greek presence at the 18th international maritime expo

A total of 15 Greek companies with a dynamic presence in the shipping field participated in the 18th International Maritime Exhibition ASIA PACIFIC MARITIME 2024, which was held in six…

Trastor eyeing foreign real estate markets

Trastor is considering the possibility of acquisitions in neighboring countries, having recently strengthened its share capital by 75 million euros. According to its management, Trastor focuses on acquisitions and development…

IPTO: Tender for undersea power cables

Independent Power Transmission Operator (IPTO) announced a tender procedure aiming at signing a framework-agreement for underwater AC power cable projects regarding interconnections to the Dodecanese and North Aegean islands. The…

IELKA: Price constraint in supermarket chains in February

Supermarket products prices rose 2.75% in February 2024 compared to the same period last year, according to research conducted by the Institute of Retail Consumer Goods Research (IELKA) on major…

PPC: Further penetration in Romania

The strategic pursuit of PPC to play an active role in the Romanian energy market, upgrading its already large portfolio, is highlighted by the recent developments. The first one concerns…

Titan: Record sales – Strong performance in reducing emissions

Titan Group published the 2023 annual report presenting the Group’s financial results in combination with its environmental, social and governance (ESG) performance. The Group characterizes 2023 as a year of…

Thursday, 28 March 2024

Request for Expression of Interest: Provision of Pre-paid or Debit Cards and Financial Service

Project Background: Catholic Relief Services – United States Conference of Catholic Bishops (CRS), was established in 1943 and dedicates its efforts to aiding the impoverished and vulnerable across the globe.…

IPTO: Working meeting with the Administrator of Albania to strengthen cooperation

The progress of the new 400 kV overhead transmission line being built between Greece and Albania was discussed in Tirana by the administrations of the Independent Power Transmission Operator (IPTO)…

Athens International Airport seeking funds to finance expansion plans

The administration of the Athens International Airport (IAA) is in contact with banks to finance the expansion, as well as the projects required to speed up the implementation of the…

MYTILINEOS: 1.16-billion-euro “green” investment in Alberta on the table

The course of implementation of MYTILINEOS’ 1.16 billion euro “green” investment in Alberta, Canada, which concerns the acquisition of a photovoltaic portfolio with a total capacity of 1.14 GW from…

MSC Cruises: 400 visits to 9 Greek ports

MSC Cruises will travel to Greek destinations with 6 cruise ships this year. It will make more than 400 visits to 9 different island and mainland destinations across the country,…

IOBE: Growth prospects and major challenges for the construction industry

The dynamics of the construction sector in Greece and the strong growth prospects for the coming years are reflected in the study of the Foundation for Economic and Industrial Research…

Fiotakis (Barclays) to “N”: What leads Greece to the third mega-cycle of growth

In a period of strong uncertainty and turmoil – mainly in the geopolitical field, also with an impact on the economy – what should we expect from central banks in…

Investors upgrading Navios Maritime Partners 

The stock of Navios Maritime Partners, owned by Aggeliki Fragou, received a vote of confidence from investors, while recording an impressive rally in the first quarter, with the capitalization exceeding…

Greece is the champion in real GDP per capita growth across Europe

The European Commission published data for 2023 referring to real GDP per capita and GDP per capita in purchasing power units. Real GDP per capita According to a statement from…

Stock market: The valuation of listed technology companies exceeds 2 billion euros

The Technology and IT sector is one of the most “hot” sectors of the Athens Stock Exchange, as it has undergone a significant re-rating, thanks to successive deals, but also…

DBRS sees Greek economy growing by 1.5% in 2024

DBRS sees the Greek economy growing by 1.5% in 2024 in its report on the progress of the main economies. The credit rating agency’s estimate for the Greek economy is…

Wednesday, 27 March 2024

ManpowerGroup: Closing the gender gap

A total of 45% of employers in Greece stated that they have “achieved full gender equality”, a rate of 4 percentage points higher than at the global level (41%), according…

Haida to “Naftemporiki”: The institutional framework for the operation of marble quarries is a priority

The institutional framework for the operation of marble quarries, the promotion of the Hellenic Marble brand, the education and training of industry personnel, the strengthening of the culture of health…

CHC Group and Hilton presented the first Tapestry Collection by Hilton Resort in Europe

Hilton announced a franchise agreement with CHC GROUP for the opening of CHC Sound of the Sea, Tapestry Collection by Hilton, in a press conference held in the Hall of…

Papoutsanis: Proposal for a dividend of 0.04 euros/share

Papoutsanis is aiming at the development of its activity and profitability in 2024 based on three pillars: the branded products of Papoutsanis, the hotel products and the categories of producers…