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Wednesday, 03 April 2024

Mitsotakis in meeting with IFPMA: Placing special emphasis on innovation

Prime Minister Kyriakos Mitsotakis placed special emphasis on innovation, during his meeting with the heads of companies and associations of the International Federation of Pharmaceutical Manufacturers and Associations (IFPMA), at…

Dimand: Return to profitability in 2023; positive outlook

Dimand achieved a return to profitability as well as a 64% increase in the fair value of the Group’s investment properties and investments in joint ventures in 2023. The total…

Golden Visa: The purchase of properties under the old rules until August 30

Citizens of third countries can purchase a property and obtain a Golden Visa based on the “old” rules until August 30. However, a transitional period is foreseen so that the…

Perdikaris (TERNA): All our projects are focused on social welfare

“The renaissance of the construction industry is inextricably linked to the prosperity of our country,” Giorgos Perdikaris, president of TERNA, said summarizing the importance of the existence of a growing…

Exarchou (Intrakat): Potential loss of RRF funds without major project reforms

Intrakat Group’s vice-president of the Board of Directors and managing director Alexandros Exarchou warned against the possibility of the loss of resources of the Recovery and Resilience Fund (RRF) if…

Juneyao Air launches direct flight between Shanghai and Athens

“Let me express my gratitude to the government services of China and Greece, our partners and customers for their support,” said Wang Junjin, president of Juneyao Air. He added, “with…

Tuesday, 02 April 2024

Grant Thornton: Less than half of Greek businesses have a clear digital transformation strategy

Under 50% of businesses in Greece currently have a clear digital transformation strategy. At the same time, only 3 out of 10 plan to invest more than 150,000 euros in…

Titan Group: Investment of 26 million euros in the factory in Kamari, Boeotia

Titan Group held on Tuesday the inauguration of the 26-million-euro investment in the cement factory in Kamari, Boeotia, in the presence of members of the government. The investment concerned the…

Mytilineos-Karatzis sign “green” PPA of 210MW

MYTILINEOS Energy & Metals and KARATZIS SA signed a 210MW long-term Power Purchase Agreement (PPA) for the green energy produced from a 262 MW solar portfolio. Under the PPA signed,…

Growthfund announces record revenue and profit in 2023

The Growthfund, the National Fund of Greece, announced record revenue and profit in 2023. More specifically, it more than doubled its revenue and profits in 2023 compared to the previous…

Alpha Bank: Greek economy showed resilience in 2023

Despite the unfavorable external environment, the Greek economy showed particular resilience in 2023, both in terms of strengthening economic activity and creating new jobs. According to an economic analysis by…

Nousias to “Naftemporiki”: We want to support 100 start-ups in the next 5 years

“A total of 37 companies operating in 20 different sectors of the economy have been supported by the ENVOLVEXL program,” Managing Director of Envolve Entrepreneurship, Alexandros Nousias, said in an…

The Hellenic Aerospace Industry’s modernization a pillar for Greek defense industry

National Defence Minister Nikos Dendias’ big bet is the revival of the Hellenic Aerospace Industry (HAI) with the view to playing a critical role to the upgrade of the Greek…

Melisanidis: Naftemporiki has left its mark on Greece’s media sector

The significant course of “Naftemporiki” in the media sector, its dynamic footprint, but also the promising future of the group, was highlighted by its publisher, Giorgos Melisanidis, during his speech…

Ten new drug production factories in Tripoli

The Greek pharmaceutical industry is turning the industrial zone of Tripoli into a pharmaceutical hub with 10 new factories and 56 production lines, 14 new research structures and 5,500 new…

Parliamentary Budget Office sees 2.5% growth in 2024

The Parliamentary Budget Office places the growth rate for this year at 2.5% and inflation at 2.9%. An estimate compatible with the updated forecasts from the Commission, the IMF and…

Monday, 01 April 2024

Stournaras to “Naftemporiki”: The crisis as an opportunity for the transition to the new normality

The experience in monetary policy gained over the previous years has been extremely valuable and can be our guide for the future, Bank of Greece (BoG) Yannis Stournaras said in…

Funds lead the Stock Market to new heights

The Athens Stock Exchange has recently accelerated the procedure for the imminent upgrade in 2025, with the capitalization increasing by 10.5 billion euros in the first 61 sessions of the…

Neptune Maritime Leasing on a rapid growth trajectory

In March 2023, it agreed with Neptune and its shareholders to invest in the platform up to 200 million dollars for up to 40% of common shares and up to…

The ports of Souda and Stylida to be upgraded

An agreement of more than 24 million euros for the implementation of critical port infrastructure projects in the port of Souda and Stylida, as well as for the conduct of…

Hatzidakis to “Naftemporiki”: Acceleration of investments in 2024-2025

“2024 and 2025 will be years with much more important investments from the Recovery Fund,” Economy and Finance Minister Kostis Hatzidakis said to “Naftemporiki” and Michalis Psilos. “I am absolutely…

E. Nomikos proceeds to fleet renewal deals

Ε. Nomikos Corp., a company with more than 100 years of history in the shipping industry, is gradually renewing its fleet with deals in the secondary market. According to “Naftemporiki” …

Manousakis (IPTO): Greece’s position is enhanced through international connections

The strengthening of Greece’s position through international connections was emphasized by the President and CEO of the Independent Power Transmission Operator (IPTO) Manousos Manousakis during his presentation at the 5th…

Plastics: Recycling a critical pillar

2023 was a year of significant challenges for the plastics industry. As George Lysseos, Executive Director of the Association of Plastics Industries of Greece, underlined to “Naftemporiki”, “the future of…

Hoteliers in Athens optimistic about return to normality

Hoteliers in Athens spoke of a “total return” to normality – with stability – citing, however, the potential effect of unpredictable factors such as geopolitical, climate and economic crises. According…

Friday, 29 March 2024

PPA: Record revenues and profits – Higher dividend by 29%

The Piraeus Port Authority (PPA) announced higher revenue and profitability for the fiscal year 2023. More specifically, total revenues reached 219.8 million euros, up 12.9% or 25.2 million euros compared…

Steady growth encourages corporate deals

2023 was a milestone year for all of Europe, according to the analysts of PwC Greece, for many reasons, including the war conflicts in Ukraine and the Middle East, high…

E-commerce: The trends and the outlook in Greek market

The trends, the outlook and the performance of the main sectors of E-Commerce including fashion, technology, pharmacy, home goods, sports goods and cosmetics were recorded in a survey by the…

Greece increases minimum wage to 830 euros

Greek Prime Minister Kyriakos Mitsotakis announced on Friday during a cabinet meeting an increase in the minimum wage to 830 euros per month as of April 1, 2024. This is…

Noval Property in the final stretch for its listing on the Stock Market

Noval Property (a subsidiary of the Viohalco Group) is in the final stretch for its listing on the Athens Stock Exchange. Its management said early March that its listing has…