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Tuesday, 20 February 2024

National Bank completes Frontier II transaction

National Bank of Greece informed investors on the completion of the Frontier II transaction, which involves the securitization of a portfolio of non-performing exposures (“NPE”) with a total gross book…

Hatzidakis: Iris banking system the most useful tool for citizens and professionals

The Iris banking system is the most useful tool for both citizens and professionals, Finance Minister Kostis Hatzidakis said in the parliament. The minister emphasized that the specific system ensures…

Lamda Development: Landmark award for The Ellinikon Experience Park

The Ellinikon Experience Park was awarded with the SITES Gold level international certification as a model urban park meeting the sustainability criteria. The Sustainable SITES Initiative certification is the international…

Banks: Dividends, capital returns and SSM objections

Deferred tax appears to be re-entering the banks’ agenda, most likely in an attempt by the SSM to pressure banks to hold back the capital returns and dividend distributions they…

Hellenic Development Bank contributed 8.5 billion euros to GDP in 2019-2022

Τhe modern financing tools of the Hellenic Development Bank (HDB) contribute to the green transformation of small and medium sized entrepreneurship, the preservation and increase of jobs and the qualitative…

Raptis (ECSA): Aspides operation necessary to deal with security risks in Red Sea

Following increasing attacks on merchant shipping, the EU Council officially launched the EU defense operation for maritime security in the Red Sea on Monday. On a day when two commercial…

GERMANOS: Strong performance in 2023 – New products in 2024

The year 2023 proved to be another successful year with strong performance for GERMANOS stores. The partners of the network made an assessment of the past year and were informed…

Piraeus-Elefsis affected by Ukraine and Red Sea conflicts

The conflicts in Ukraine and the Red Sea have seriously affected bulk carriers and tankers arriving in Piraeus – Elefsis. The president of the Ship Agents Union of Attica –…

Monday, 19 February 2024

Shipping: The dilemmas for investing in alternative fuels

Methanol is at the center of the latest report it published. “It is essential to recognize that green methanol is not carbon free. Emissions are still produced during combustion,” the…

Metsola to “N”: We need to spend more on defense, listen to farmers

The President of the European Parliament, Roberta Metsola, referred to the need for “strategic autonomy of the EU, complementary to NATO and not in competition with it”, in an interview…

Stock market: The «ESG» stocks that stand out into 2024

The index monitors the daily performance of the listed companies that adopt and display practices in matters of environment, society and corporate governance. The FTSE ESG was launched 2.5 years…

VIANEX: 100 years of history – «Aiming at the top of Europe»

VIANEX group has completed a century of history in the pharmaceutical field. In 1924, the family’s first pharmacy was founded and entering its second century, the company has today established…

VIANEX: 100 years of history – “Aiming at the top of Europe”

VIANEX group has completed a century of history in the pharmaceutical field. In 1924, the family’s first pharmacy was founded and entering its second century, the company has today established…

IOBE: Circular economy infrastructure to bring 1.1 billion and 37,000 new jobs

The transition from the linear to the circular production model creates business and economic opportunities with significant social and environmental benefits, according to the Foundation for Economic & Industrial Research…

Piraeus Bank: Strong interest from 30 funds

Piraeus Bank is expected to meet its goal for the participation of at least 30-35 funds – of high quality – in the bank’s share capital, as analysts consider the…

Fragista: A strategy for the competitiveness of shipping must be urgently adopted

Marily Fragista underlined the positive results of the Greek-French cooperation in the shipping sector during a conference held in Paris, entitled “Thalassa: From the Archipelago to the Oceans.” Fragista, member…

Stock market activity and latest trends

Piraeus Bank: The share continues to outperform compared to the rest of the banking sector and the General Index. Since the beginning of the year, Piraeus has risen more than…

Simantonis: The EU should recognize the strategic role of shipping

Shipping is faced with fierce global competition, so it is vital that the EU recognizes, through its policies, the strategic role of the sector, maintaining its competitiveness against other shipping…

Piraeus Port shows resilience to Houthi attacks

The container terminal of the port of Piraeus seems resilient despite the fact that the Red Sea crisis and Houthi rebels’ attacks on merchant ships have forced most ships to…

Friday, 16 February 2024

Greek shipowners: New “entries” in the market of bulk carriers

Among these companies are Costamare which continued tonnage purchases, with an emphasis now on larger sizes, and Danaos Corporation, which expanded during 2023 to oversize capesize trucks, having now built…

Number of smokers in Greece remained stable – Increase in alternative types of smoking

The percentage of adult smokers in Greece rose to 28% of the population in 2023, which in absolute numbers corresponds to approximately 2,200,000 people, the majority of whom are men…

Fragakis (GNTO): Record arrivals and revenue in tourism in 2023

“2023 was a milestone year, a new record year for Greek tourism,” the General Secretary of the Greek National Tourism Organization (GNTO), Dimitris Fragakis, said in an interview with Naftemporiki…

Vodafone Greece: Investments of 1 billion euros until 2029 for stand alone 5G network

Vodafone Greece is planning investments of 1 billion euros until 2029 for the development of the mobile telephony network (stand alone 5G) and the expansion of the fiber optic infrastructure…

Greek rice prospects in the international market positive under certain conditions

Greek rice shows positive prospects in terms of strengthening its extroversion and its establishment in the international market, according to the results from the proceedings of the 2nd Panhellenic Rice…

Hellenic Banking Association: Significant footprint on society, economy in 2023

The footprint of the Hellenic Banking Association (HBA) on the society, the economy and the banks in 2023 was significant. As noted, the Hellenic Banking Association completed 95 years of…

SQLearn: Three-year partnership renewal with Nereus Shipping

Nereus Shipping S.A. and SQLearn agreed the three-year extension of their cooperation regarding the training of personnel on 13 Nereus tankers. The renewal of services provided to Nereus Shipping is…

Containership rates up 300% due to attacks in the Red Sea

Containership rates have increased by 300% as a result of attacks on ships in the Red Sea, Dr. Ioannis Koustas said, commenting on the market conditions, following the announcement of…

Greek shipowners targeting product tankers

Greek shipowners are targeting tankers transporting oil products in the secondary market, while charters specifically for MR type tankers have “climbed” to an 11-year high. In the last week, Greek…

Stylianidis: Shipping the main pillar of “blue economy”

Minister of Maritime Affairs and Insular Policy, Christos Stylianidis, during his speech at a Franco-Greek Dialogue event held in Paris, emphasized that shipping is a main pillar of the “blue…

Thursday, 15 February 2024

Safe Bulkers proceeds with the gradual renewal of its fleet

During the fourth quarter of 2023, the company was affected by the weak environment in the dry cargo market – due to geopolitical developments, with reduced revenues and profits, as…