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Monday, 04 March 2024

Piraeus Bank: Strong demand in HFSF’s stake sale

The sale of a 27% stake in Piraeus Bank by the Hellenic Financial Stability Fund (HFSH) was met with strong demand on Monday and has already been oversubscribed. More specifically,…

AIA: Profit jumps 37.8% to 231.5 million euros

The Athens International Airport (AIA) recorded an increase in revenue and profits for 2023, while passenger traffic rose to a new historical record. More specifically, profits after taxes amounted to…

Electricity bills: Drop in green tariffs

Energy supplies announced the ‘green’ tariffs for March confirming market estimates for further de-escalation of energy costs in the retail sector. The prices start from 8 cents per KWh and…

Greece’s cosmetics sector to grow 4%-7% in 2024

Τhe cosmetics sector in Greece is expected to grow by 4%-7% in 2024, marking a significant slowdown compared to 2023, a year in which the turnover of the sector is…

Piraeus Bank turns the page with a placement of high expectations

Greece’s capital markets commission has approved the prospectus for the sale of shares in Piraeus Bank owned by the Hellenic Financial Stability Fund (HFSF) with a price range of 3.7-4.0…

The “crash test” for economy-stock market

March is a month full of announcements concerning the Greek economy. Perhaps the most important date for citizens and especially private sector workers is March 22 when the government’s decisions…

Food inflation: Greece ranks second in Europe

The second highest food inflation in Europe, at least based on the list of countries that have already published the relevant data, was recorded in Greece in February. While the…

Japan, China and Greece remain leaders in global shipping in terms of fleet value

According to the annual list of the world’s top ten fleets presented by VesselValues, Veson Nautical, Japan ranks first with a fleet value of 206.3 billion US dollars in assets,…

Friday, 01 March 2024

Intralot: New seven-year agreement with Magnum Corporation in Malaysia

INTRALOT announced the signing of a new agreement with Magnum Corporation Sdn Bhd, a leading gaming company in Malaysia. This agreement follows the successful outcome of an international call for…

Prokopiou Group: Constant renewal of its fleet

The shipping group of George Prokopiou has been implementing a shipbuilding program for the constant renewal of its fleet over the last three years. According to the data gathered by…

Helleniq Energy: Crete drilling decisions at the end of 2024

No decision has been taken to carry out exploratory drilling in the offshore plots of Crete, nor is it about to be taken in the near future, Helleniq Energy CEO…

PPA: The European CIPORT project concluded

Τhe final event for the European project “CIPORT-Cold Ironing in the Port of Piraeus – Taking the final step” took place at the Central Building of the European Commission (Berlaymont).…

Greece and Germany enhance cooperation in shipping sector

Minister of Maritime and Island Policy, Christos Stylianidis, and German Minister of Digital Governance and Transport, Dr. Volker Wissing decided to strengthen cooperation between Greece and Germany in the shipping…

Energean: The Karish North gas field in Israel started production; new contract with Eshkol

Energean’s second natural gas field offshore Israel has been in operation since February 22. This is the Karish North field which has 34 billion cubic meters (bcm) of natural gas…

Quest group’s ACS on the radar of German GLS

Quest group courier company ACS is in advanced discussions with a multinational company for a possible sale, but no deal has yet been concluded. According to information from “Naftemporiki”, the…

Shipping statistics: Greece ranks first in many categories

Greek-owned shipping ranks second after China in terms of dwt (a unit of measurement that defines the weight of the cargo that a ship is allowed to carry), while Japan…

Intracom Telecom strengthens its partnership with Wave1 in Australia

Intracom Telecom, a global technology systems and solutions provider, announced the enhancement of its distribution partnership with Wave1 Pty Ltd, one of Australia’s leading Microwave Communications Solutions Provider. This continuing…

Mytilineos sounds alarm over high production cost in Europe

The president and CEO of MYTILINEOS, Evangelos Mytilineos, sounded the alarm over the cost of production in the European Union. In his statements to S&P Commodity Insights platform, Mytilineos said…

Thursday, 29 February 2024

Eurobank: Improving cross-border transactions with India

Eurobank and NPCI International Payments Limited (NIPL), a subsidiary of the National Payments Corporation of India (NPCI), signed a memorandum of cooperation aimed at improving cross-border payments using the UPI…

Canton Fair Promotion Conference successfully held in Athens

The event was held under the auspices of the China Foreign Trade Centre, with the support of the Chinese Embassy in Greece, the Bank of China, Athens Branch, and the…

Greek banking deals in Dubai

According to sources, the interest of Greek banks in the region should be taken for granted and in some cases it has already been expressed. The banks are driven in…

Digital Governance Ministry: Measures for illegal online content

More specifically, the new rules, which also include a procedure for imposing fines in case of violation of the directive, focus on the regulation of intermediary services, which is a…

Meta: Appeal from Greece and 7 other countries for paid subscriptions

Consumer associations from 8 European countries, including Greece, appealed today to the data protection authorities against the paid subscription system that Meta imposed on Facebook and Instagram “in breach of…

Piraeus Bank: Towards its full privatization

The Hellenic Financial Stability Fund (HFSF) will reportedly proceed with the disposal of the 27% it holds in Piraeus Bank’s share capital, following a recent government meeting. After a series…

The government mulling an extension to interconnection of cash registers with POS

The Ministry of National Economy and Finance is considering giving a two-month extension for the interconnection of cash registers with POS. The deadline was about to expire on Thursday and…

Out-of-court settlement for loans in Swiss franc

The out-of-court settlement appears to be a tool that could under conditions constitute a solution, even a partial one, for Swiss franc loans. It is already being used by some…

Grimaldi Group enhances Greece – Italy lines

Grimaldi shipping group introduces the Eurolink ship on the Brindisi-Igoumenitsa route. It is the ro-pax vessel with the largest cargo capacity ever deployed in the Adriatic Sea. The new ship…

Diana Shipping Inc: The impact of falling freight rates on revenues

Diana Shipping Inc recorded reduced financial performance in the fourth quarter of 2023, due to a drop in freight rates. The NYSE-listed shipping company, which specializes in the ownership and…

Wednesday, 28 February 2024

Ideal Holdings: EBITDA rose 101% to 53.9 million euros

IDEAL Holdings announced a 120% increase in revenue to 384.3 million euros in 2023. It also announced a 101% increase in earnings before interest, taxes, depreciation and amortization (EBITDA), which…

Α delegation of the Prime Minister’s office visits OLTH S.A. facilities

The Director of the Prime Minister in the Parliament and Head of the Prime Minister’s Office in Thessaloniki, Michael Bekiris, together with the Coordinator of the Prime Minister’s Office in…