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Wednesday, 24 April 2024

Intrakat sees further improvement in 2024

“The acquisition of Aktor, which is in a much better position than many may think, creates the basis for a significant improvement in EBITDA, which is expected to increase even…

Tsakos Energy Navigation: 4 boosters aiming at a 100% green fleet by 2030

Tsakos Energy Navigation has been running an investment program for the renewal of its fleet. The company is aiming at a 100% green fleet by 2030, as TEN’s founder and…

Hatzidakis: Investments and new jobs with the utilization of public property

The Minister of National Economy and Finance, Kostis Hatzidakis, announced that the utilization of public property should be accelerated and the framework for short-term leases should be reviewed in the…

PPC Renewables: 40 MW wind farms in Western Macedonia

The organic development of PPC Renewables’ RES portfolio is progressing dynamically, as new wind and photovoltaic projects are constantly being added to the existing RES projects with an installed capacity…

Patelis to ‘Naftemporiki’: Greece’s return to investment grade can deliver shared prosperity

The investment grade constitutes good news because it affects the reduction of borrowing costs for households, businesses, and the country, Alexis Patelis, Chief Economic Advisor to Prime Minister Kyriakos Mitsotakis,…

ICAP: Cosmetics sector’s value up 7.7% in 2021-2023

The cosmetics industry is seeing an increase in sales and extroversion, according to ICAP/CRIF data. More specifically, a further increase in the value of the domestic cosmetics market is expected…

Pyatt: Greece and PPC are models for energy transition

“PPC is a force of stability and a leader in the energy transition,” the president and CEO of the PPC group, Giorgos Stassis, said speaking at the “2024 Energy Security…

ALUMIL continued its growth trajectory in 2023

ALUMIL, one of the leading aluminum architectural systems companies, continued to grow in 2023 amid global challenges and an unstable international economic environment. In particular, the Group achieved in 2023…

Tuesday, 23 April 2024

12+1 prerequisites for a strong industry

The research entitled “Building the future for an even stronger industry” analyzes the trends, perspectives and challenges facing the industry at the global, European and national level, focusing specifically on…

Travel receipts jump 22.2% in February

The balance of travel services posted a surplus of 117.3 million euros in February 2024 compared to a surplus of 116.2 million euros in the same period last year. In…

Laskaridis Maritime invests in new ships

One of the most modern fleets of bulk carriers in the world is being built by Laskaridis Maritime. The company of the Alimia group has proceeded with 23 orders for…

Hatzidakis to legislate the reduction of POS charges for transactions up to 10 euros

The Ministry of National Economy and Finance is moving forward with the filing of an amendment which will provide for a 50% reduction in charges for transactions made via POS.…

Chemical industry records 3.8 bln euro turnover

The Greek chemical industry responded to the call of the European Chemical Industry Council (CEFIC) to its members to prepare National Transition Plans so that the industry faces the modern…

Greece facing the risk of lower NSRF funds

Greece is faced with the risk of receiving less EU funds from the NSRF 2028-2034, compared to the previous and the current period. Any loss of resources that will have…

Stylianidis stresses Greece’s unwavering commitment to the protection of human life at sea

“Greece’s commitment to the faithful implementation of the EU acquis and international law in terms of the management of migration flows and the protection of European borders, as well as…

Labor market: Demand for “green” specialties on the rise

The accelerating pace of the global “green” transformation creates new trends in the labor market. Demand for green skills far outstrips supply as employers look for skilled talents to meet…

Intrakat: New photovoltaic park at the Lignite Center of Western Macedonia

Intrakat group, on behalf of the PPC Group, is proceeding with the construction of a new 171MW photovoltaic park at the Lignite Center of Western Macedonia in Kozani. The group…

Titan: US grant for low carbon cement

A grant of up to 61.7 million dollars will be awarded to Titan’s Roanoke cement plant in Virginia, USA, as it has been selected by the US Department of Energy…

Monday, 22 April 2024

Philip Morris International: Greece is a model for sustainability

The total number of Papastratos IQOS users exceeded 500 thousand, with non-burning products accounting for more than 70% of the company’s net revenue. With a market share of over 20%…

Olive oil: New significant increases on olive oil prices

The difference – rise in price, according to a survey conducted by “Naftemporiki”, in supermarket chains reaches even 3.41 euros per liter and the final price now stands at 18…

Masoutis: Strengthening its presence on the islands – New strategy for real estate, franchise

In 2023, the company’s turnover exceeded 1 billion euros, marking an increase of over 16%, mainly due to the performance in the Aegean islands, Corfu, but also its strategic development…

Primary surplus 1.9% in 2023 – Significant debt reduction to 161.9%

The optimistic forecasts for a 2023 primary surplus higher than the target were eventually confirmed. According to the data announced by the Hellenic Statistical Authority (ELSTAT) and validated by Eurostat,…

PPP contracts’ sluggish performance

The procedures for the signing of PPP contracts (Public-Private Partnership) are rather slow, while the next period will be critical as to which ones will eventually be implemented. The complex…

Greek economy: Eyes on 2023 primary surplus to be announced by Eurostat

Eurostat will announce the final figures for the 2023 primary surplus and debt on Monday noon. These figures will give a first impression of whether the government will manage to…

Houthi attacks affect the port of Piraeus

The ongoing crisis in the Red Sea is causing turmoil in the movement of containers at the port of Piraeus. It is the first time that the largest port of…

Alternative electricity providers increasing their market share

Alternative electricity providers seem to have increased their market share, according to the annual report of the Energy Exchange for 2023. More specifically, private providers have increased their share to…

Ellaktor submits offer to buy shares of its subsidiary Reds

Ellaktor Group is proceeding with a new restructuring move for the acquisition of all the shares of its real estate subsidiary, Reds, and its delisting from the Athens Stock Exchange.…

AEGEAN plans investments to consolidate its presence in international markets

Having registered a successful course in 2023 and the first quarter of 2024, AEGEAN is planning major investments aiming to further strengthen its profitability and its position in the international…

Friday, 19 April 2024

Shipping: Wind propulsion increases its market share; Greek companies in focus

Wind propulsion systems are steadily increasing their share in the marine market as industry battles to reduce its environmental footprint and meet ambitious decarbonization targets. Providers of this kind of…

Mytilineos submitted request to the EU Innovation Fund for financing a triple project

Mytilineos submitted a request to the EU Innovation Fund for financing a project for bauxite, aluminum and gallium totaling 350 million euros, its CEO Evangelos Mytilineos said. In an interview…