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Wednesday, 28 February 2024

Japan Tobacco expanded to 13 new markets in 2023, including Greece

Japan Tobacco Inc. announced positive results in 2023 despite the international challenges. The company is expected to move on an upward trajectory in 2024, with a focus on new products.…

Papastergiou: Citizens’ transactions with the state will be further simplified in 2024

Digital Governance Minister Dimitris Papastergiou, who participates in the Mobile World Congress held in Barcelona, sent the message that the citizens’ transactions with the state will be further simplified in…

Olive oil: Jump 67% in Greece – Over 50% in the EU

The price of olive oil in the European Union rose 50% in January 2024 compared to January 2023, according to Eurostat, with Greece being one of three countries with the…

Greek retail market: Two-speed trend continues

The gap between larger and smaller businesses and the concern about their smooth coexistence are intensifying concerns about the future of retail trade, which mainly includes micro and small commercial…

Corinth Pipeworks assumes AkerBP’s Utsira High subsea project in the North Sea

Corinth Pipeworks has been awarded a contract by TechnipFMC for 27 km of high frequency welding (HFW) pipes for the Utsira High subsea project in the North Sea. The Utsira…

7o Prodexpo North: Τhessaloniki lacks logistics centers; Serbia joins the competition

The need for more large Logistics Centers in Thessaloniki, but also for speeding up the processes and infrastructures required by the state, was highlighted in the 7th Prodexpo North Conference.…

Kefalogianni: We will make Greece a model of sustainable tourism development

Tourism Minister, Olga Kefalogianni, gave a speech at the “Tourism and Sustainability” day, organized at the Acropolis Museum by the Society for the Environment and Cultural Heritage. The minister referred…

7 out of 10 consumers choose digital payments, survey says

According to the findings of the survey, conducted by INEMY-ESEE on behalf of Visa, the digital payment channel is on the rise and card payments have become particularly widespread and…

Tuesday, 27 February 2024

Strong interest in used super-tankers (VLCCs)

The lack of available modern tonnage due to the under-investment of the past years and the “jump” in the charter market, have significantly increased the interest in used super-tankers (VLCCs).…

TIF-Helexpo S.A. aiming for a 15-million- euro turnover in 2024

Meanwhile, the recent Agrotica, the 11th Artozyma and the 36th Athens International Jewelry Show recorded increased traffic and enhanced extroversion. According to the company’s managing director, Kyriakos Pozrikidis, 2024 is…

Greek air conditioner market skyrockets

The domestic air conditioner market has seen a steep rise and high growth rates over the last two years. According to ICAP CRIF analysts, the sector benefited mainly by the…

Investments in bulk carriers soaring

After a mοderate 2023, the market of bulk carriers and especially the large ships of the sector, the capesizes, is gaining momentum again. It is worth noting that this type…

Banks: The new SSM audit map

The SSM is focusing its 2024 bank audits on three pillars. Along with the interest rate risk, the supervisor of the systemic banks focuses on two more issues: cyber security…

Price reductions of up to 15% in important product categories as of March 1

From Friday March 1, when the package of measures to deal with soaring prices will be implemented in its entirety, consumers will see prices fall by up to 15% in…

Holiday homes: The alternative Greek destinations attracting the interest of foreign buyers

Unexplored destinations, which, however, have nothing to envy to the most popular holiday resorts of Greece and even more so of Europe, attract a consistently high number of foreign investors…

Real estate prices close to new historic high

Greece’s real estate market is faced with “spiralling prices” which will very soon bring real estate prices, especially newly built homes, to a new historic high. In addition to excess…

Stournaras: First ECB interest rate cut at the end of first semester

The end of the first semester of 2024 could see the optimal timing for the first ECB interest rate cut, Bank of Greece (BoG) governor Yannis Stournaras said, provided that…

Greece among the winners of cruise sector in 2024

Greece is emerging as the protagonist of the cruise sector in the Eastern Mediterranean for 2024, as the war climate in the Middle East seems to favor the port of…

Monday, 26 February 2024

PPA: Memorandum of Cooperation (MoU) with the Chinese Port of Guangzhou

Piraeus Port Authority (PPA) S.A. signed a cooperation agreement with one of the 10 largest commercial ports in the world, the port of Guangzhou in China, in a special ceremony…

Technology sector outlook improved

Despite a difficult start for the technology sector last year amid macroeconomic pressure and the need to save costs, the adoption of corporate strategies focused on generative artificial intelligence (GenAI)…

FTTH networks: Gap between Greece and the EU

The above-mentioned percentages are higher than a year ago, but fall significantly short of the average of EU member states, which is also lower than other technologically developed countries. Concerns…

ENEA’s Alfa Sea the first commercial vessel at Skaramangas shipyards 

A Greek-owned chemical tanker, ENEA Management’s Alfa Sea, is the first commercial vessel to arrive at the Skaramangas shipyards for repairs since 2010. ENEA’s Alfa Sea is already carrying out…

Budget: Tax revenue 369 million euros above the target

The state budget balance presented a surplus of 1,093 million euros in January, compared to a target of a deficit of 82 million euros that has been incorporated for the…

Piraeus Bank kicks off week amid critical developments

The current week is full of developments for Piraeus Bank, since the prospectus for the bank’s placement is expected to be approved on Friday, March 1. A little earlier, probably…

Eldorado fully committed to the implementation of Skouries project

Eldorado Gold is planning investments of 375-425 million US dollars in Halkidiki, in 2024. The majority of the investments concern the Skouries mine project, which is expected to be fully…

Total Gaming Revenue rises 23% to 36 billion euros in 2023

Total Gaming Revenue, including all bets of the Greek gaming market (OPAP, Online Games, Casino, Lottery, Hippodrome) reached 36 billion euros in 2023 compared to 29 billion euros in the…

Celebrity Infinity: Cruises from Piraeus to Greece, Turkey, Cyprus

A delegation of Navigator Travel & Tourist Services visited the ‘Celebrity Infinity’ cruise ship, in the port of Piraeus, with the participation of fifty partners from tourist agencies and media…

Association of Mining Companies: Greek mining industry a guarantee for Europe

Mineral raw materials are expected to be on the rise in the coming years amid the energy transition, according to the management of the Association of Mining Companies, making the…

Friday, 23 February 2024

OTE: Investments with emphasis on FTTH and 5G network

Its chairman & CEO, Michael Tsamaz, stated that “having a clear strategy towards the customer, OTE has proven that it is able to maintain its leadership position and to deal…

Impact of Russian’s invasion of Ukraine on trade balance

The value of imports of Greece from Russia stood at 98.0 million euros in December 2023, down 88.7% in comparison with December 2022, the Hellenic Statistical Authority (ELSTAT) said. The…