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Tuesday, 12 March 2024

Sarantis: Strong sales, higher dividend in 2023

Sarantis announced strong sales, a significant rise in profitability and an increased dividend for 2023. More specifically, sales in 2023 amounted to 482.2 million euros compared with 445.1 million euros …

Monday, 11 March 2024

Shipping: 3.7 trillion euros until 2050 for transition to zero-pollution era

Semiramis Paliou, CEO of Diana Shipping and president of HELMEPA, revealed the huge costs for shipping’s transition to the zero-pollution era. More specifically, Paliou said at the shipping conference of…

INTRAKAT developing into a leading market player

The Intrakat Group is a leading construction group with a broad portfolio of activities and a significant footprint in the wider South East Europe region. Committed to sustainable development, the…

Digital transformation changing HELLENiQ ENERGY’s operating model

The leading Greek energy company HELLENiQ ENERGY has been implementing an ambitious digital transformation program for the last 3 years, which is part of the implementation of its strategic planning…

Dimand: 2024 a milestone year

2024 is a milestone year for Dimand’s course. It is expected to conclude and deliver five projects, totaling around 100 thousand sq.m. and will start four new ones with a…

Artificial Intelligence for the restructuring of loans / NPL

Artificial intelligence (AI) is emerging as a critical tool for dealing with non-performing loans (NPLs), opening new horizons in loan management and restructuring. This is how AI can help restructure…

Greek shipowners placing twice as many orders as the competition

Greek shipowners have lately significantly accelerated their new shipbuilding programs. More specifically, from the end of February 2023 to the end of February 2024 they have placed orders for 205…

Viohalco: Business flexibility amid uncertainty in 2024

Viohalco Group focused on its flexible business model and diversified portfolio during a recent presentation. Analyzing the group’s performance in the industrial sector and the real estate sector, it was…

Dendias to “Naftemporiki”: Focus on the development of defense technology programs

Greece must proceed with the development of its own defense technology programs, which will contribute to the development of the country, Minister of National Defense, Nikos Dendias, said in an…

Friday, 08 March 2024

Safe Bulkers: Constant renewal of its fleet

Safe Bulkers continues its fleet renewal program, completing the sale of two of its older vessels. Specifically, the company listed on the US stock exchange announced the sale of the…

ELVIAL: New investments of 16 million euros and expansion to the US and Canadian markets

The ELVIAL aluminum industry is implementing a new and double investment program, totaling 16 million euros, for the next four years. The company is also expanding into the North American…

Naftemporiki: A leading newspaper for 100 years

“Naftemporiki” sets sail for the second century of its history, as today celebrates its 100-year anniversary since it was first published on March 8, 1924. Just two years after the…

Closing the gender pension gap: investing for lifetime goals

A comfortable retirement is a key concern for women globally, with more women than men worried about having enough assets for retirement. For example, 53% of women aged 61 to…

IPTO: Speeding up Great Sea Interconnector

Independent Power Transmission Operator (IPTO) had contacts with officials of the government of Cyprus and Israel, aiming to speed up the implementation processes of the electrical interconnection Greece – Cyprus…

HRADF issues invitation for a majority stake in Lavrion Port

Τhe Hellenic Republic Asset Development Fund (HRADF) issued a call of interest for a majority stake sale (50%+1 share) in Lavrion Port Authority SA. The Authority has the exclusive right…

Competition Commission approves sale of Kotsovolos to PPC

The Hellenic Competition Commission (HCC) said that it has approved the sale of electronics and appliance chain Kotsovolos to Public Power Corporation (PPC). More specifically, the Commission said in a…

Posidonia 2024: Artificial Intelligence and shipping

Exhibitors at the Posidonia international shipping exhibition, to be held at the Metropolitan Expo in Athens from June 3 to June 7, placed special emphasis on the introduction of AI…

Greece’s cruise sector breaks all-time records

Cruise passenger arrivals in Greece jumped to the highest level of the last 12 years in 2023, with the market expected to register new records this year. According to data…

Piraeus Bank: Raising 10.7 billion euros, price set at the top end

The success of the sale of the 27% share of the HFSF in Piraeus Bank can now be recorded as a reference point for both Greek and European data. The…

Illegal gambling totals 1.7 billion euros in 2023

Illegal gambling games have recently expanded alarmingly in Greece. According to KapaResearch’s survey in a sample of over 5,000 people conducted on behalf of the Hellenic Gaming Commission, a total…

Tuesday, 05 March 2024

Positive signs for Greek shipping in 2024

Passenger traffic is expected to be increased by 5% in 2024 compared to 2019 – a year when there were no restrictive measures due to the coronavirus pandemic. According to…

BoG: New loans’ interest rates rise to 6.15%

In January 2024, the weighted average interest rate on new deposits remained almost unchanged at 0.53%, according to the Bank of Greece (BoG). The interest rate spread between new deposits…

Wage increases: The “tool” that remains inactive

The government has placed special emphasis on the increase of the minimum wage, which will come into force from April 1, amid high prices affecting the households’ purchasing power. The…

Olympia Group acquires Entersoft: Emphasis on business software market

Business mobility through acquisitions in the IT sector and in particular in the critical business software sector is confirmed by the binding agreement of Olympia Group and another international investor…

IOBE: Greece’s economic climate index at a 14-month low

Greece’s economic sentiment index eased to 104.8 points in October from 107.7 in January, the lowest level of the last 14 months, the Foundation for Economic and Industrial Research (IOBE)…

Bank of Greece to distribute 0.6720 euro dividend to shareholders

Bank of Greece (BoG) will distribute a dividend of 13.3 million euros to its shareholders this year for the fiscal year 2023. More specifically, it will distribute a dividend to…

Kordopatis on Naftemporiki TV: The main export markets of Greek wine

“The exports of Greek wine to third countries and to the EU reached 100 million euros in a quantity of approximately 29,000 tons. In relation to the previous year, we…

Digital transactions with the state exceed 1.45 billion euros in 2023

Citizens’ digital transactions with the state rose 18.5% in 2023 compared to 2022. According to the data of the General Secretariat of Information Systems and Digital Governance of the Ministry…

India’s interest in Greek shipping industry

India has shown strong interest in commercial cooperation with Greece in the sectors of shipping and transport. Specifically, the Indians are planning to develop their own “Silk Road”, as the…

Monday, 04 March 2024

Olympia Group acquires 53% of Entersoft; its stock soars 6%

Olympia Group proceeded with the shareholders of Entersoft SA, who represent 53% of the company’s share capital, in a binding agreement for the acquisition of their shares, either on a…