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Monday, 08 April 2024

Ellaktor close to an agreement with Motor Oil for Elektor

Ellaktor is closer to an agreement for the sale of its environmental subsidiary, Elektor, to Motor Oil. According to sources, a due diligence process is currently underway with the prospect…

Greek ports and shipping companies enhance cooperation

A Memorandum of Understanding (MoU) was signed between the Hellenic Ports Association and the Association of Passenger Shipping Companies (SEEN). The two bodies agreed to have joint action to deal…

Greece’s real estate prices galloping against slowdown in most European countries

In 2023, Greece followed an opposite course in relation to the European average and most European countries in terms of real estate prices, while this difference is expected to continue…

DBRS to “Naftemporiki”: Greek economy’s challenges

Greece may have been declared “economy of the year” in 2023 by Economist and is expected to show the greatest improvement in business facilitation over the next 5 years, but…

JTI: Cluster of business activity based in Athens

JTGroup will seal the strategic investment of JTI (Japan Tobacco International) in Greece with the upcoming visit of its president, Mutsuo Iwai, in the spring of 2024 in the framework…

Friday, 05 April 2024

9th Delphi Economic Forum: Transforming the Balkans and the Eastern Mediterranean into a hub of connectivity

Special emphasis will be placed on the importance of infrastructure during this year’s forum. Speakers will elaborate on developments that are turning the Balkans and the Eastern Mediterranean into a…

Navios Partners: New deals for ships and financing

More specifically, Navios exercised the option to purchase Navios Amber (built 2015), Navios Coral (built 2016), Navios Citrine and Navios Dolphin (both built 2017). At the same time, Navios Partners…

Motor Oil: 1.8 euro per share dividend; net profit at 806 million euros

Motor Oil announced 806 million euro net profit in 2023, down from 968 million in 2022. Turnover stood at 13.3 billion euros compared to 16.6 billion euros in 2022 (-20%)…

New electricity price comparison tool

The Waste, Energy and Water Regulatory Authority announced the launch of the new Electricity and Natural Gas Price Comparison Tool on the website www.energycost.gr. Consumers can now easily compare all…

Athens International Airport: Passenger figures ‘take off’

Passenger traffic at the Athens International Airport (AIA) rose 20.1% in March 2024, compared to March 2023. More specifically the total number of passengers reached 2 million. According to the…

Attica Group announces positive results in 2023; turnover up 11%

Attica Group announced positive results both in Greek shipping and international shipping in 2023, the first results following the consolidation with ANEK. The Group’s consolidated turnover up 11% in 2023…

BAT Hellas: 150 new jobs in Greece with focus on innovation

The tobacco industry BAT Hellas is strengthening its presence in Greece based on cutting-edge science and technology, contributing substantially to the Greek economy and society. In this context, the company…

AADE: The digital cross-border payment data submission application (CESOP) in operation

Following the incorporation of the European Directive, the application for the submission of cross-border payment data CESOP (Central Electronic System of Payments Information) by payment service providers is now available.…

OPAP Forward: 2,847 new direct jobs and 23,000 new indirect jobs

The main challenges faced by businesses on the road to growth dominated the discussion between Markos Veremis, Partner of Big Pi Ventures and Member of the Board of Directors of…

Aktor expands its footprint in Romania

Aktor will seek to expand its footprint in Romania by taking advantage of new market opportunities that will arise in the future, such as PPPs and concessions, Aktor’s president and…

Thursday, 04 April 2024

Interconnection of POS with cash registers-Penalties for non-compliance

The Independent Public Revenue Authority (AADE) is about to initiate inspections on businesses with an annual turnover of more than 1 million euros, which have not proceeded to the interconnection…

METON Energy: Four photovoltaic projects with RRF funds and loans from Alpha Bank, Eurobank, National Bank

Alpha Bank, Eurobank and National Bank have signed loan agreements with the energy groups RWE and PPC for the construction of four photovoltaic projects, with a total capacity of 730…

Mytilineos: Second CCGT project in Poland

Mytilineos, in consortium with Siemens Energy Global GmbH & Co. KG and Siemens Energy sp. z o.o., has undertaken the construction of a 560 MW CCGT power unit with associated…

Fines totaling 1.38 million euros to 13 companies for unfair profiteering

As the ministry stated in its announcement, violations of the relevant provisions were found in products of 13 different companies after inspections carried out by the competent authorities. More specifically,…

‘Principia’ a joint venture of Macquarie-Enel Green Power

Principia is the name of the new renewable energy company, which was founded by its shareholders, Enel SpA and Macquarie Asset Management, and has been active since 2008 as part…

EcoLog steps up its actions for green CO2

EcoLog, owned by Peter Livanos, made another step forward as part of its strategy to develop a value chain for the exploitation of liquefied “green” CO2. The company, which is…

Attica Bank: Loans to businesses from the Recovery Fund

Alternate Minister of National Economy and Finance responsible for the Recovery and Resilience Fund, Nikos Papathanasis, and Attica Bank signed the agreement for the utilization of the funds of the…

9th Delphi Economic Forum: 1,000 speakers from 70 countries

More than 1,000 personalities from 70 countries – leaders from all over the world, ministers, senior officials of the European Union and international organizations, distinguished businessmen, important representatives of the…

Athens Stock Exchange: Construction sector value close to 9 billion euros

The shares of the 6+1 construction companies of the Athens Stock Exchange continued with significant returns in the second quarter of 2024, taking advantage of the positive pace of the…

AEGEAN: Passenger traffic up 11% in first quarter of 2024

AEGEAN recorded significantly positive numbers in passenger traffic, in the first quarter of the year, along with an equivalent growth of 11% in both domestic and international networks. During the…

Wednesday, 03 April 2024

Titan Group plans green investment of 500 million euros

Titan’s investment, under the name “IFESTOS”, amounting to  500 million euros, in its factory in Kamari, Boeotia, is in progress. Upon its completion, the aforementioned industrial facility in 2030 will…

Spectacular increase in modern tankers deals

Modern tankers are in high demand in the shipping market, as evidenced by the spectacular increase in construction during the first quarter, as well as the massive interest in vessels…

Kefalogianni: The direct Shanghai-Athens air connection is an important milestone for Greece and China ties

The launch of direct flights between Shanghai and Athens constitutes a milestone as well as a strong incentive for enhancing travel flow from both sides, Tourism Minister, Olga Kefalogianni, said…

Intralot: New international contracts until the end of May 2024

More specifically, the company is bidding for important projects in ongoing tenders until May 2024, with an emphasis on the gaming markets of the USA, Brazil and Australia and Canada.…

Intralot: New international contracts until the end of May 2024

Intralot is going through a period of intense business activity with participation in major international tenders and new contracts. More specifically, the company is bidding for important projects in ongoing…