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Tuesday, 30 April 2024

GEK TERNA: Pre-tax profits rose to 268.5 million euros; plans new projects

GEK TERNA said its revenues amounted to 3,499.2 million euros in 2023 compared to 3,938.3 million euros in 2022, in line with the normalization of conditions in the energy market,…

Contradictions in Greece’s labour market

Greece has the second lowest employment rate in the EU and at the same time the Greeks are in second place, among the European partners, with qualifications higher than those…

SKY express: Strengthens its fleet by 17% and flies with brand new aircraft

SKY express now has 27 aircraft – 17% more than in 2024 – while the company maintains the privilege of having the newest fleet in Greece with an average age…

Plaisio revamps its stores; offers wide variety of white appliances

Plaisio continues to extend the range of white appliances in its network of stores, claiming larger market shares in the sales of specific household appliances, which is one of the…

Administrative changes in the Piraeus Port Organization

The Piraeus Port Organization is making significant changes to the composition of the Board of Directors by appointing a new President, Mr. LIN Ji, and a new CEO, Mr. SU…

Terna Energy: 10% increase in revenue and 8.3% in profitability

Terna Energy announced a 10% increase in revenue and 8.3% rise in adjusted operating profitability in 2023, mainly as a result of the greater installed capacity due to the gradual…

Monday, 29 April 2024

Thrace Group: Investments of 30 million euros in 2024

Thrace Group announced its 2023 performance focusing on three business sectors (artificial fabrics, packaging solutions and agricultural sector), coverage of 25 markets, development network in 80 countries, recyclable materials, turnover…

Athens International Airport: 28.5-million-euro net profit; 5.2 million passengers

Athens International Airport SA announced total revenues and other income increased by 15.3 million euros, or 15.3%, to 114.6 million euros in the first quarter of 2024 from 99.4 million…

Greece’s total gaming revenue reaches 36.06 billion euros in 2023

The long-term planning of the Hellenic Gaming Commission (2023-2027) for the reform of the gambling market is based on five pillars, according to the Commission’s Activity Report (2023), which was…

Climate crisis leading supermarket prices higher

Olive oil has become a luxury item in EU countries. In the last year its price has increased by 69% in Portugal, 67% in Greece and 63% in Spain, which…

George Tsunis-US Ambassador to “Naftemporiki”: Greece’s best days are ahead

US Ambassador to Greece George Tsunis said that he was impressed by the course of the Greek economy. “Greece’s best days are ahead,” he said in an interview with “Naftemporiki”…

Minerva SA Edible Oils and Food Enterprises heading to its sale

The procedures for the sale of Minerva SA Edible Oils and Food Enterprises have begun and are expected to be concluded in the last quarter of the year. According to…

Skouries project progresses; capital expenditure between 375-425 million dollars

The development capital that was invested by March 31, 2024 out of the total estimated capital of 920 million dollars for the Skouries project amounted to 237 million dollars. In…

Safe Bulkers continues to invest in newly built bulk carriers

Safe Bulkers continues to invest in newly built bulk carriers. More specifically, the US-listed company has agreed with a Japanese shipyard to order one more bulk carrier, kamsarmax type (with…

Friday, 26 April 2024

Greece’s tax wedge higher than the OECD average

Greek households paid increased taxes on wages and social security contributions during 2023, deviating even further from the OECD average. This was attributed to the fact that tax systems were…

Bank of Greece: Bank credit and deposits higher in March

Deposits placed by households and private non-profit institutions increased by 396 million euros in March 2024, compared with a decrease of 156 million euros in the previous month, according to…

Space Hellas: Strong performance in 2023 for the seventh consecutive year

Space Hellas’ 2024 strategy focuses on possible acquisitions of companies that will expand its products and services, investments in research and development to acquire know-how and create innovative solutions and…

AVAX: Higher performance in 2023 – Net profit 10 million euros

At the same time, net borrowing was reduced by 17.2% from 2022 and 59.8% from 2020. The above figures make up the strong performance of the AVAX Group in 2023…

Mytilineos eyes dual listing as conditions have matured

The aim of Mytilineos is to increase the marketability and “visibility” of the company’s stock in the international markets, to expand its investment base and to give further impetus to…

OPAP: High dividend to shareholders – Aiming to further growth

The annual regular general meeting of OPAP shareholders focused on high dividends to shareholders and high targets for 2024. More specifically, the board of directors proposed the distribution of a…

Greek shipowners leaders in the secondary market once again

The secondary market of ships shows high growth rates with Greek shipowners playing a leading role both as buyers and as sellers. In the first quarter of 2024, purchase and…

BoG: Greek banks in a better position than in the past to withstand potential shocks

Greek banks are in a better position than in the past to withstand potential shocks, thereby bolstering the resilience of the Greek economy. In 2023, Greek banks improved their fundamentals,…

Cosmote: Contribution to the 5G cross-border corridor of Greece – Bulgaria

Cosmote participates in the European 5G SEAGUL project for the development of a Greece-Bulgaria 5G cross-border corridor (5G Corridor), which supports advanced Connected and Automated Mobility (CAM) functions. The aim…

EYDAP: Development plan with expansion of activities and 10-year investment plan

The Hellenic Water and Sewage Company (EYDAP) is planning the further development of its activities with the help of the new legislative regulations. Meanwhile, the company has scheduled investments of…

Thursday, 25 April 2024

Ideal Holdings firmly committed to its strategy of investments in target companies

Ideal Holdings presented its investment strategy in target companies, its financial dynamics and its portfolio. According to Lambros Papakonstantinou, president of Ideal Holdings, after the divestment from Astir Vitogiannis, the…

North Star Entertainment presents Project Voria in Marousi

North Star Entertainment announced the construction of the new entertainment and accomodation center, including the relocation of the Parnitha casino in Marousi in 2024. The project is expected to be…

Epsilon Net confirms negotiations for collaboration with foreign investor

The management of Epsilon Net said on Thursday that it is in negotiations for a strategic collaboration with a foreign investor, adding that it reserves the right to inform investors…

Athens hotels reach 63.5% occupancy in Q1

At the same time, the average daily rate (ADR) for the first quarter remained roughly at the same level as last year, as it did not exceed 98.47 euros against…

Who invested in Greece’s 30-year bond?

Before the end of the first quarter of the year, the Greek State has already covered more than 80% of its annual needs following the latest issue of the 30-year…

Mytilineos considering the listing of its shares on international exchange, including the London Stock Exchange

Mytilineos is considering the possibility of listing its shares on an international exchange, including  the London Stock Exchange, within the next 12-18 months as part of its strategic review. However,…