English

Wednesday, 20 March 2024

Lavrio Port: New dynamics to the cruise sector

The tender of the Hellenic Financial Stability Fund (HFSH) for the exploitation of the port of Lavrio changes the landscape in the port market of Greece and the entire Mediterranean,…

Dutch master plan for Thessaly; alarm over desertification due to water scarcity

Farmers in Thessaly would rather turn to vegetables and fruits instead of cotton and corn in the next six years in order to ensure their survival, according to Dutch experts…

TetraPak: New investments to boost recycling across Europe

TetraPak announced new investments with a focus on recycling as part of its business activity. The company is making new strategic investments that will significantly boost recycling in Europe, supporting…

Mytilineos: Innovation at the center of its activity

The rapid development of new technologies and the ever-increasing optimization observed in the application of artificial intelligence tools, compose a new reality in which modern social and economic life is…

RENCO and TERNA to collaborate for Microsoft’s Data Center

The construction of Microsoft’s first Data Center in the wider area of the Eastern Attica Regional Unit is about to begin, with the collaboration of RENCO and TERNA S.A. The…

Tuesday, 19 March 2024

PPC’s entry into telecoms changes the landscape

PPC’s entry into the telecoms sector through the offer of wholesale fiber to homes and businesses (FTTH) by 2024 is changing the landscape. The aim is the fastest possible coverage…

National Bank: Tier 2 notes and new bond issue

National Bank of Greece (NBG) announced the launch of a voluntary cash tender offer on March 19, 2024  in respect of its 400,000,000 euro subordinated fixed rate resettable Tier 2…

Celestyal adds new cruises to its 2025 schedule due to increased demand

Celestyal Cruises has renewed its 2025 cruise schedule due to high demand. More specifically, it added two new cruises last January, while another cruise ship is expected to make its…

Uncertainty feeds soaring food prices

Uncertainty is the main reason why consumer durable prices remain high, despite the fact that imported inflation and agricultural production costs are falling. The market of the so-called “fast-moving” consumer…

AIA: The new photovoltaic park in full swing

AIA’s investment plan to reduce its carbon footprint is in full swing. More specifically, the construction of a 35.5 MW photovoltaic park has been planned, which will include an 82…

Shipyards: High demand increases delivery times

The delivery times of the newly built ships from the leading shipyards in China and South Korea are estimated towards the end of 2027 and early 2028, amid particularly high…

Interview with Luis de Guindos, Vice-President of the ECB

Greece is on the right path, Luis de Guindos, Vice-President of the ECB, said in an interview with “Naftemporiki” and Michalis Psilos. More specifically, he said: “Greece is outperforming the…

The Elefsis Shipyards set the bar high

ONEX group and Elefsis Shipyards are about to sign contracts for the construction of up to three coastal vessels by the end of 2024, according to sources. Having already agreed…

Golden Visa: New stricter criteria

The Ministry of National Economy and Finance is expected to submit a legislative provision with stricter conditions for obtaining a “Golden Visa” in the next few days. The changes concern…

Greek shipowners play leading role in dry bulk market

Greek shipowners are playing a leading role in transporting dry bulk cargo, seeking “smart” deals, despite the particularly high values of the assets. Data collected by “Naftemporiki” from shipping brokers…

Friday, 15 March 2024

Recovery Fund: Greece’s milestones in order to receive 3.3 billion euros

The Ministry of National Economy and Finance has been racing in order to meet the pending milestones and to proceed with the submission of the 4th installment payment request totaling…

Eurobank: Cyprus as a base for business development in new dynamic markets

The CEO of Eurobank, Fokion Karavias, and the management of Eurobank spoke about the importance of the Cyprus market, during meetings with representatives of the Cypriot press at its headquarters…

Sarantis: Five-year plan sees double EBITDA to 120 million euros

Sarantis group is advancing the implementation of the 5-year investment plan amounting to 81 million euros, with the aim of strengthening its factory units, focusing and developing its self-produced products…

Netcompany-Intrasoft: Leading role in EU Digital Wallet

Netcompany-Intrasoft, which holds a leading position in the consortium that has undertaken the implementation of the EU Digital Wallet project, will “run” the program mainly in Greece. On February 29,…

PPC FiberGrid: Optical fiber to 1.7 million households and businesses by 2025

PPC FiberGrid proceeds with its plan for the nationwide fiber optic network that will reach 1.7 million households and businesses by 2025. The program has already reached 140,000 homes in…

Ports: Total passenger traffic in Greek ports up 2.6%

The total passenger traffic in Greek ports rose 2.6% in the third quarter of 2023 compared to the third quarter of 2022, according to the Hellenic Statistical Authority (ELSTAT). At…

Elliniko – Second tower: Lamda collaborates with Brook Lane

The Lamda Development – Brook Lane (London-based investment capital) partnership for the development of the second tower in Elliniko goes forward. Ellinikon Hospitality Investments, a Lamda company, and Bincer Holdings,…

OPAP: Dynamic commercial plan and emphasis on the terrestrial and online network

2023 was overall a particularly successful year for OPAP, as the company strengthened its brand, offered innovative entertainment proposals to its customers and proceeded to reposition its traditional games, as…

ONEX-Attica: The signature for the first newbuild after 17 years at the end of May

The Elefsis shipyards will start operating as of May, while at the same time they are claiming the contract for the reconstruction of the four frigates MEKO of the Hellenic…

DBRS: Greek banks’ outlook remains positive

The prospects of the four systemic banks are described as positive in the new DBRS report on the Greek financial system, under the title “Greek Banks: Robust Performance in 2023…

Mytilineos: Brokers raise target-price amid positive prospects

Pantelakis raised the target price of MYTILINEOS’ share to 46 euros (from 41 euros) due to the company’s “strong organic progress”, maintaining the recommendation “overweight.” This move follows the decision…

Thursday, 14 March 2024

Intralot signs agreement with FanDuel to provide sports betting services to Washington D.C. Lottery

Intralot announced that it has signed a sub-contracting agreement with FanDuel, one of the leading providers of sports betting services in the US, and a related contract amendment with Washington,…

NielsenIQ: Supermarkets report double-digit growth on Greek islands

While the major urban centres in Athens and Thessaloniki accounted for more than 50% of sales volume and turnover, regional areas continued to show the strongest growth, amounting to double…

Stournaras: ECB must cut interest rate twice before summer break

ECB must cut rates twice before summer break, Bank of Greece (BoG) Yannis Stournaras said in an interview with Bloomberg. The European Central Bank must lower borrowing costs twice before…

Public: Investment of 10 million euros to expand the Public + home network

The goal is to create 10 new large “Public + home” stores within the next three years. The plan includes a complete renovation of 3 Public stores and their upgrade…