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Thursday, 21 March 2024

GEK Terna expects to close the sale of Terna Energy in coming weeks

GEK Terna is expected to announce the sale of Terna Energy in the following few weeks, a move that will bring significant liquidity to the construction-energy Group for its next…

National Bank of Greece issues 500-million-euro Subordinated Tier II bonds with a yield of 5.875%

National Bank of Greece successfully completed the placement of 500 million euro Subordinated Tier II bonds in the international capital markets with a yield of 5.875%. The bond matures in…

ThessINTEC: Israeli investments of 200 million euros

Israeli investments in the 4th generation ThessINTEC Technology Park in eastern Thessaloniki are expected to reach 200 million euros, through the Memorandum of Cooperation signed by the park’s developer with…

Strong interest in second hand capesize bulkers

A strong interest has been recorded in second hand capesize bulk carriers during the last month. “Shipowners buy a number of used capes,” the president and managing director of Seanergy…

Wednesday, 20 March 2024

Protergia: New initiatives for sustainable energy consumption

Protergia promotes the sustainable consumption of energy for its activities with the support of Mytilineos, while at the same time it works to create new services aiming at reducing energy…

IPTO: The 10-year development plan in public consultation

New, important projects to strengthen the reliability and resilience of the Transmission System and to serve the increasing penetration of RES (onshore and offshore) are included in the Independent Power…

Developments in the optical fibers (FTTH) sector

Investments in optical fibers (FTTH), prices in telecommunications services and pending subsidies were discussed, among other things, in a meeting held between the Minister of Digital Governance, Dimitris Papastergiou and…

Reden unveils its expansion plan in Greece’s photovoltaic projects

French company Reden, an international photovoltaic manufacturer and electricity producer, announced its expansion in Greece, strengthening its commitment to sustainable energy production and development of the local community. Founded in…

Shipping: Lack of agreement on green transition measures

There is little chance that the member states of the International Maritime Organization (IMO) will reach an agreement on the adoption of a market-based measure on carbon dioxide, as part…

Lavrio Port: New dynamics to the cruise sector

The tender of the Hellenic Financial Stability Fund (HFSH) for the exploitation of the port of Lavrio changes the landscape in the port market of Greece and the entire Mediterranean,…

Dutch master plan for Thessaly; alarm over desertification due to water scarcity

Farmers in Thessaly would rather turn to vegetables and fruits instead of cotton and corn in the next six years in order to ensure their survival, according to Dutch experts…

TetraPak: New investments to boost recycling across Europe

TetraPak announced new investments with a focus on recycling as part of its business activity. The company is making new strategic investments that will significantly boost recycling in Europe, supporting…

Mytilineos: Innovation at the center of its activity

The rapid development of new technologies and the ever-increasing optimization observed in the application of artificial intelligence tools, compose a new reality in which modern social and economic life is…

RENCO and TERNA to collaborate for Microsoft’s Data Center

The construction of Microsoft’s first Data Center in the wider area of the Eastern Attica Regional Unit is about to begin, with the collaboration of RENCO and TERNA S.A. The…

Tuesday, 19 March 2024

PPC’s entry into telecoms changes the landscape

PPC’s entry into the telecoms sector through the offer of wholesale fiber to homes and businesses (FTTH) by 2024 is changing the landscape. The aim is the fastest possible coverage…

National Bank: Tier 2 notes and new bond issue

National Bank of Greece (NBG) announced the launch of a voluntary cash tender offer on March 19, 2024  in respect of its 400,000,000 euro subordinated fixed rate resettable Tier 2…

Celestyal adds new cruises to its 2025 schedule due to increased demand

Celestyal Cruises has renewed its 2025 cruise schedule due to high demand. More specifically, it added two new cruises last January, while another cruise ship is expected to make its…

Uncertainty feeds soaring food prices

Uncertainty is the main reason why consumer durable prices remain high, despite the fact that imported inflation and agricultural production costs are falling. The market of the so-called “fast-moving” consumer…

AIA: The new photovoltaic park in full swing

AIA’s investment plan to reduce its carbon footprint is in full swing. More specifically, the construction of a 35.5 MW photovoltaic park has been planned, which will include an 82…

Shipyards: High demand increases delivery times

The delivery times of the newly built ships from the leading shipyards in China and South Korea are estimated towards the end of 2027 and early 2028, amid particularly high…

Interview with Luis de Guindos, Vice-President of the ECB

Greece is on the right path, Luis de Guindos, Vice-President of the ECB, said in an interview with “Naftemporiki” and Michalis Psilos. More specifically, he said: “Greece is outperforming the…

The Elefsis Shipyards set the bar high

ONEX group and Elefsis Shipyards are about to sign contracts for the construction of up to three coastal vessels by the end of 2024, according to sources. Having already agreed…

Golden Visa: New stricter criteria

The Ministry of National Economy and Finance is expected to submit a legislative provision with stricter conditions for obtaining a “Golden Visa” in the next few days. The changes concern…

Greek shipowners play leading role in dry bulk market

Greek shipowners are playing a leading role in transporting dry bulk cargo, seeking “smart” deals, despite the particularly high values of the assets. Data collected by “Naftemporiki” from shipping brokers…

Friday, 15 March 2024

Recovery Fund: Greece’s milestones in order to receive 3.3 billion euros

The Ministry of National Economy and Finance has been racing in order to meet the pending milestones and to proceed with the submission of the 4th installment payment request totaling…

Eurobank: Cyprus as a base for business development in new dynamic markets

The CEO of Eurobank, Fokion Karavias, and the management of Eurobank spoke about the importance of the Cyprus market, during meetings with representatives of the Cypriot press at its headquarters…

Sarantis: Five-year plan sees double EBITDA to 120 million euros

Sarantis group is advancing the implementation of the 5-year investment plan amounting to 81 million euros, with the aim of strengthening its factory units, focusing and developing its self-produced products…

Netcompany-Intrasoft: Leading role in EU Digital Wallet

Netcompany-Intrasoft, which holds a leading position in the consortium that has undertaken the implementation of the EU Digital Wallet project, will “run” the program mainly in Greece. On February 29,…

PPC FiberGrid: Optical fiber to 1.7 million households and businesses by 2025

PPC FiberGrid proceeds with its plan for the nationwide fiber optic network that will reach 1.7 million households and businesses by 2025. The program has already reached 140,000 homes in…

Ports: Total passenger traffic in Greek ports up 2.6%

The total passenger traffic in Greek ports rose 2.6% in the third quarter of 2023 compared to the third quarter of 2022, according to the Hellenic Statistical Authority (ELSTAT). At…