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Thursday, 15 February 2024

Scenarios over BC Partners’ intention to withdraw from United Group

After the acquisition of Wind, Nova completed a year of operation as a telecommunications company offering all kinds of services, such as fixed and mobile telephony, internet and pay TV.…

M/Maritime goes ahead with the fleet renewal plan

M/Maritime proceeded with the acquisition of a Japanese-made modern bulk carrier of the ultramax type. It is a 63,405 dwt vessel built in 2017. The vessel was built by Imabari…

Greece sees maintaining high growth rates in 2024 and 2025 with focus on investments

While strong eurozone economies such as Germany and France are not expected to record high growth rates, Greece in 2024, based on the European Commission’s winter forecasts, will register the…

Dendias signs agreement for Greece’s accession to ‘European Sky Shield Initiative’

National Defence Minister Nikos Dendias is expected to sign an agreement for Greece’s accession to the NATO missile-defence project ‘European Sky Shield Initiative” on Thursday in Brussels. Both Greece and…

Aegean Airlines transfers its share in Animawings to Memento Group

Aegean Airlines concluded the transfer of its entire stake in the Romanian airline Animawings to the other shareholder and main commercial partner of Animawings, Memento Group, which now becomes a…

ONEX: Two ships from Algeria under repair in Elefsis Shipyard

The Elefsis Shipyards undertook the maintenance and renovation works of two ships from Algeria. The first one is the ferry ship “TARIQ IBN ZYAD”, 153m long, built in 1995. It…

Navios Maritime announces high profit and increased cash reserves

Navios Maritime Partners announced revenues that exceeded 1.3 billion US dollars, significant profitability and increased cash reserves in 2023, while it has also secured contracts that extend until 2037. All…

Shipping industry braces for a large deal

The time is counting down for Eagle Bulk’s general meeting in order for its shareholders to consider the major takeover bid submitted by Greek interests’ Star Bulk. In the agreement,…

Wednesday, 14 February 2024

Piraeus Bank announces 786-million-euro profit in 2023

Piraeus Bank announced net profits of 786 million euros at the end of 2023. Credit expansion stood at 1.6 billion euros in 2023. Bank deposits rose 2% on an annual…

Lamda: 50-million-euro investment in Corfu marina advances a step further

Lamda Development’s investment, amounting to 50 million euros, concerning the mega yacht marina in Corfu, has advanced a step further. The Audit Court has completed the pre-contractual audit regarding the…

Northern Greece Ceramics: Investment exceeding 10 million euros in Serbia

Northern Greece Ceramics is proceeding with an investment of more than 10 million euros for the acquisition and upgrading of production facilities in the Mihajilovac region of Serbia, aiming to…

Star Bulk Carriers ordered 3 more new vessels

Star Bulk Carriers is intensifying its efforts to renew its fleet, adding three more new vessels to its shipbuilding program in China, while selling older assets. More specifically, the US-listed…

Ellaktor: Rally on the stock market; eyes on dividend distribution

Ellaktor’s share reached the highest level since 2014 on Tuesday’s session, with the company’s shareholders being extremely”enthusiastic” about the listed company’s profits. After the recent successful sales of Smart Park,…

Greece to reopen two bond issues; seeking to raise 400 million euros

Greece will tap the capital markets on Wednesday with the reopening of two bonds, in an effort to raise 400 million euros from markets. More specifically, the Public Debt Management…

Supermarkets: High prices affecting sales volume

Supermarket representatives estimate that sales volume will fall in the first half of 2024 as a result of the effect of price increases on demand. According to the ongoing survey…

Safe Bulkers rerouting its fleet from the Red Sea

Safe Bulkers is rerouting its fleet away from the Red Sea in the wake of attacks on merchant ships in Bab el Mandeb Strait and the Gulf of Aden. “We…

Tzouros (Piraeus Bank) sees investments of 3 billion euros in hotel industry

Investments of 3 billion euros were implemented in the hotel industry in 2023, according to Theodore Tzouros, senior general manager, Chief Corporate & Investment Banking of Piraeus Bank. Addressing the…

Greek shipowners investing 13.6 billion US dollars for 52 new LNG carriers

Greek shipowners are consolidating their position among the elite “players” of the LNG carrier market, implementing an expanded shipbuilding program that will increase their fleet in the coming years. According…

Tuesday, 13 February 2024

Increased turnover for electrical and electronics in 2023

The electrical and electronics sector ended 2023 with a double-digit rate of increase. According to GFK data, the sector’s sales reached 3,217 billion euros, up 12% compared to 2022. Sales…

Attica Economic Review: Greek economy to keep its momentum in 2024

The growth rate of the global economy in 2024 is expected to maintain its momentum close to 3.1% (IMF, January 2024). Therefore, it seems likely that the “soft landing” scenario…

Memorandum of cooperation between the Greek and Ukrainian defense industries

Six Greek defense industries (Hellenic Aerospace Industry, Hydrus, NAFS, Skaramanga Shipyards, Scytalys and Theon Sensors participated as exhibitors – together with DEFEA – at the World Defense Show held for…

AADE e-mails businesses to proceed with POS and cash register interconnection by Feb 29

The Independent Public Revenue Authority (AADE) has already sent e-mails to 15,000 businesses to have their POS connected with their cash registers by February 29. These messages were also posted…

A vote of confidence in Greek cotton from major European brands

“Cotton is a product of strategic importance for the country, as it has been produced industrially and professionally since the end of the 19th century. Therefore, Greece has a very…

A series of deals for bulk carriers

Trading of large bulk carriers, such as Newcastlemax and Capesize, on the secondary market has become hectic over the last days, with Greek and Chinese shipowners competing in several deals.…

UEFA: High-level quality standards in AEK stadium

The specialized team of UEFA visited Athens to inspect the stadium of AEK, which will host this year’s final in the Europa Conference League. UEFA officials carried out a thorough…

Athens Stock Market: Elton shares down 5%

ELTON’s shares were under strong pressure on the Athens Stock Exchange on Monday, after the rumor of an alleged takeover interest from Ideal Holdings was dismissed. More specifically, the listed…

Dendias: Greece will defend free navigation in cooperation with its allies and partners

National Defense Μinister Nikos Dendias met with United Kingdom’s Minister of State for the Armed Forces, James Heappey. Reference was made to the long-standing relations of friendship and cooperation between…

Monday, 12 February 2024

A giant state cruise operator in China

Aiming to further develop China’s cruise sector, six Chinese companies collaborated to form the state-owned cruise operator, Huaxia International Cruises. THE COMPANIES that will participate in the new scheme are:…

Athens Stock Exchange: Consolidation at 1,400 points

The Athens Stock Exchange will aim to consolidate at 1,400 points this week, while the investment community is gradually focusing on 2023 corporate results. The General Index, which on Friday…

Intralot establishes its Technology and Innovation Center in Greece

Intralot invests in state-of-the-art technologies, achieving the strengthening of its position as a global gaming technology provider and the promotion of Greece as a technological hub through the Technology and…