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Wednesday, 08 May 2024

The gap between interest rates of new deposits and loans widened in March

The weighted average interest rate on new deposits remained unchanged at 0.53% in March 2024, while the corresponding rate on loans increased to 6.24%, the Bank of Greece said. The…

Athens Stock Exchange climbing to new 13-year highs

The Athens Stock Exchange is climbing to new 13-year highs on Wednesday, the first trading session after the Easter holidays, bridging the distance from the next threshold of 1,500 points.…

Easter turnover exceeded 1.5 billion euros, Korkidis says

The Easter turnover, including travel, food and accommodation services, will be recorded by the Hellenic Statistical Authority (ELSTAT) in the monthly statistics of April and May, confirming the estimate that…

RES contribution to the global energy mix exceeds 30% for the first time

Global solar and wind energy installations have been on the rise in recent years as efforts for the so-called “green transition” are in full swing. Thus, for the first time,…

Greek shipowners rank first in tanker orderbook

The tanker orderbook in relation to the active fleet has climbed to its highest level in five years, driven by a spectacular increase in newbuilding investment since the second half…

Risk of a domino effect from the new payments regulation

Representatives of domestic retail, industry and consulting companies pointed out to “Naftemporiki” the risks and challenges that may accompany the imminent implementation of a single harmonization framework. Rationalization The European…

Revythoussa terminal temporarily idle

The Revythoussa terminal is expected to have fewer cargoes in May than originally planned. As competent sources of the Administrator reported to “Naftemporiki”, May will ‘close’ with 2 loads compared…

Tuesday, 07 May 2024

Production and processing of raw materials: “A critical factor for the future of Europe”

A catalytic factor for the future of Europe is the production and processing of raw materials on European territory, the Association of Mining Companies pointed out in an open letter…

Evalend Shipping invests in LNG carriers

Greek shipowners play a leading role in the international transport of liquefied natural gas, investing in a market with particularly positive prospects. According to shipping brokerage sources which monitor the…

Tourism: Return to pre-pandemic levels

2024 will be the year of a complete return of global tourism and air transport to pre-pandemic levels, the president of the federation of travel agencies in Greece Fedhatta, Lysandros…

Real estate: High demand with a focus on new constructions

Successive multi-million-euro investments have been announced in the real estate sector over the last months, with new residential and tourist developments opening one after the other, from the northern suburbs…

MSCI index review and its impact on Greek shares

MSCI is expected to announce its index review on Tuesday, May 14, 2024. In the MSCI Greece Standard Index, interest is now focused on ELPE’s share, as it seems to…

Greece’s construction sector to take off

The improvement in the profit margin in the listed large construction groups combined with the high backlog contribute to the positive assessment for the course of the sector in the…

The “resurrection” of Greek listed companies; profits broke the 10-billion-euro barrier

Listed companies, along with banks, saw a profit explosion in 2023, as they achieved net profits of 10.34 billion euros, up 12.8% compared to 2022. The listed companies achieved the…

Greece’s energy sector a bright spot for M&A activity in 2024

Greece’s energy sector is in the spotlight amid strong activity by major energy groups, which are either “repositioning” themselves in the domestic market – through purchases or sales of assets…

Thursday, 02 May 2024

Strong demand and price rally for containerships

As Giorgos Bassakos, an analyst in the sales department of the shipping brokerage HellasChart, stated to “Naftemporiki”, the massive rerouting of ships from the Cape of Good Hope to avoid…

More than 250,000 POS – cash register interconnections

More than 250,000 POS – cash register connections were implemented by the enterprises, meeting the goal set by the National Economy and Finance Ministry and the Independent Public Revenue Authority…

Aegean Airlines to distribute dividend for the first time in four years

Aegean Airlines will distribute a dividend for the first time in four years for the financial year 2023. During the annual general meeting, the company’s chairman, Eftichis Vassilakis, said that…

Asia is the largest importer of LNG

Asia remains the largest importer of liquefied natural gas in the world. China, Japan and South Korea imported 44% of total trade in 2023. However, while these countries are among…

“Start” for the East To Med Data Corridor – Connecting Asia and Europe with a “stop” in Greece

The construction of an underwater and terrestrial EMC (East To Med Data Corridor) data transmission cable system connecting Asia to Europe enters the construction phase following the recent signing of…

OECD sees Greece’s growth rate at 2% in 2024 and 2.5% in 2025

Greece’s economy remains resilient, according to the OECD’s six-monthly report (Economic Outlook). More specifically, it is expected to grow at a rate of 2% in 2024 and 2.5% in 2025…

Stylianidis in Piraeus: The safety of coastal shipping is a priority for us

“The safety of coastal shipping is our first priority,” Minister of Maritime Affairs and Insular Policy Christos Stylianidis said on Thursday after visiting the port of Piraeus and specifically the…

Gradual reduction of cash reserves

The gradual reduction of cash reserves, which amounted to 36.5 billion euros at the end of March, is included in the 2024-2025 Stability Programme submitted by the National Economy and…

Reds is close to its de-listing from the Athens Stock Exchange

Ellaktor owns 96.0684% of the total share capital and voting rights of Reds. Following the decisions of Ellaktor Group, an extraordinary general meeting of Reds was scheduled for May 22,…

Athens stock exchange: The top 10 blue chips, with returns of up to 12% in April

Τhe Athens Stock Exchange stands at the highest levels of the last 13 years, amid a generalized buying euphoria, which is also reflected in the performance of more and more…

AADE launches electronic “war” against tax evasion

The Independent Authority for Public Revenue (AADE) has launched an electronic “war” against tax evasion, intensifying digital controls, with the aim of reducing the tax gap in income and VAT.…

Tuesday, 30 April 2024

Stability programme: 2.5% growth in 2024 and 2.6% in 2025

The full Medium-term fiscal-structural plan covering the years 2025-2028 will be submitted, based on the new fiscal rules, in September 2024. According to the forecasts included in the programme, the…

Coca-Cola: Revenue up 12.6% in the first quarter

Coca-Cola HBC AG said on Tuesday its net sales revenue, on an organic basis, rose 12.6 % in the first quarter of 2024, with continued progress of our 24/7 strategy.…

State Budget net revenues up 2.6% against the target in Q1

State Budget net revenues amounted to 16,823 million euros for the period of January-March 2024, showing an increase of 430 million euros or 2.6% against the target of the corresponding…

NBG the first Greek bank to regain investment grade

More specifically, Morningstar DBRS has assigned National Bank of Greece a Long-Term Issuer Rating of BBB (low), rendering the Bank the first to regain investment grade status after nearly 15…