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Tuesday, 06 February 2024

KPMG: Luxury goods market on an upward trajectory in Greece

Despite the global challenges, the luxury goods market is experiencing a period of significant growth, with the Greek market also flourishing, following global trends. According to the results of a…

Dorian LPG expanding in the ammonia transport market

Dorian LPG is expanding in the ammonia transport market, its CEO, Yiannis Hatzipateras, announced during the recent presentation of the company’s financial results, which were the best in its history.…

Development Ministry: An entrepreneur can set up a company using only his personal computer

“Within the next few months and in just ten minutes at a cost of 15 to 18 euros, an entrepreneur can set up a company using only his personal computer,”…

41 investment projects amounting to 184 million euros for port upgrading

A total of 41 investment projects were submitted to the tender for the upgrade of Greek ports. The public expenditure is estimated at 139,090,800.00 euros and will be funded by…

Monday, 05 February 2024

ENA: Public spending mainly on defense and public order; health and education lagging behind

“The Greek state bears a higher public debt burden compared to the EU average and is more oriented towards external and internal security rather than health and education. This did…

Posidonia 2024: Greek Shipping at the center of this year’s event

Posidonia 2024 will host more than 2,000 exhibitors and 40,000 participants at the Metropolitan Expo Center in Athens, from June 3 to June 7, in a critical year where issues…

Interlife Insurance: 13.59% increase in premium production in 2023

Interlife Insurance registered a double-digit increase in 2023, strengthening its position in the insurance market. In particular, the total production of insurance premiums reached 93,821,488 euros, marking an increase of…

Red Sea: The effects on the port of Piraeus are less than expected

The Houthi rebels in the Red Sea and the turmoil that they have caused have led to a smaller than expected drop in the port of Piraeus. In order to…

Dr. João Breda: Our goal is to change the healthcare culture in Greece

The reform of the health system in Greece and the quality and safety of health care are the new challenges that our country has been asked to face with the…

MYTILINEOS Energy & Metals expanding international mining and alumina production in Africa

MYTILINEOS has obtained a prospecting license from the Ghana Integrated Aluminium Development Corporation (GIADEC) to explore and subsequently extract bauxite deposits in the Ninayhin – Mpasaaso region. Highlighting the successful…

Vikos: Plan for 100-million-euro investments with an emphasis on robotic technologies and energy autonomy

The Εpirotic Bottling Industry (Vikos) is planning 100-million-euro investments in the next five years amid strong competition in the sector and seeks to become “the absolutely successful case study in…

Q&R takes off with the help of AI

Artificial Intelligence has been the “trendiest” issue in stock markets around the world for a few months now, as investors get delirious every time they hear about “AI”. In this…

Three ministers of the French government expected to visit Athens in mid-February

Three ministers of the French government are expected to visit Athens in mid-February, accompanied by a large business delegation. The French embassy and the Hellenic-French Chamber of Commerce and Industry…

Methanol gaining ground among new containerships

The use of methanol for propulsion in dual-fuel engines (methanol-ready) is constantly gaining ground in the companies’ orders for new containerships. The main reason for the increasing demand is the…

Supermarket prices are still soaring

Inflation is “contained” but supermarket prices remain high. More specifically, despite the downward trend in the consumer price index, food prices are still recording a rate higher than 7%, raising…

Wednesday, 31 January 2024

EURIMAC: New investment plan of 8 million euros

Eurimac pasta company recorded a new increase in sales and exports in 2023, while its two-year investment program totals 8 million euros. Turnover reached 74.5 million euros in 2023 compared…

ElvalHalcor in spotlight; 30% rally in January

If Cenergy (with a rally over 100%) was in the spotlight in 2023, this year seems to belong to ElvalHalcor, with the executive vice-president, Dimitris Kyriakopoulos, finally seeing the stock…

Foreign ministry and EIB to hold international conference on Ukraine’s reconstruction

An international conference on the reconstruction of Ukraine is being organised by the foreign ministry in cooperation with the European Investment Bank (EIB), on February 15, 2024 at 10:00, according…

Greece will propose to assume command of EU Operation in Red Sea named ‘Aspides’

The European operation against Yemen’s Houthi rebels in the Red Sea will be named “Aspides” and could start on February 17, High Representative of the EU for Foreign Affairs and…

IKEA: Investment of 70 million euros in Greece

Inter IKEA announced its decision to invest in Greece. More specifically, investments will involve a state-of-the-art global product distribution center covering 50,000 square meters at Aspropyrgos that will be supplied…

Titan Cement: New investment in Turkey

Titan Cement International (TCI) has acquired concession rights in Vezirhan Pozzolana Quarry, in East Marmara, Turkey, in line with its strategy to further expand the portfolio of low-carbon cementitious products…

Strategies in cruise sector dominate meeting between Kefalogianni-Pappas

The strategy and policies in the cruise sector were discussed in a meeting with the participation of Tourism Minister, Olga Kefalogianni, Deputy Minister of Shipping and Insular Policy, Ioannis Pappas,…

German Ambassador in Athens, Andreas Kindl, visits Aegean Oil

German Ambassador in Athens, Andreas Kindl, visited the offices of Aegean Oil, where he met with its founder, Dimitris Melissanidis, who informed him about the Group’s activities, as well as…

Developments regarding Greek horse racing (Ippodromies SA)

Markopoulo Horse Racing Park (Ippodromies SA) announced the suspension of the organization and conduct of Greek horse races, with effect from January 30, 2024, because – as provided for in…

Hatzidakis: 10-year bond attracts strong demand; a success for all Greeks

Greece launched the book-building process for a new 10-year syndicated bond issue, maturing June 2034, with bids exceeding 35 billion euros, beyond all expectations. The Public Debt Management Agency (PDMA)…

Tuesday, 30 January 2024

Golden Visa: Foreign investors turn to Crete and Rhodes

The latest analysis by Elxis-At Home in Greece records an increased demand for holiday homes from foreign buyers in areas around the urban centers of Crete, Rhodes and Halkidiki. This…

Greek banks: Significant credit expansion

Each of the four systemic banks is expected to show one billion profits annually in the period 2024-2026 based on the business plans they will submit by the end of…

Mitsotakis: We should preserve the good climate with Turkey

Greek-Turkish relations are on the way to normalization and we should be able to preserve this acquis, Prime Minister Kyriakos Mitsotakis said in an interview with Skai radio, noting that…

10-year bond: Offers exceed 30 billion euros

Greece on Tuesday launched the book-building process for a new 10-year syndicated bond issue with bids exceeding 30 billion euros. The initial interest rate of the bond issue is around…

Haris Doukas (Athens Mayor) to ‘Naftemporiki’: No to showcase projects; citizens deserve a better city

“I am one of the citizens of Athens who feel that we deserve a better city,” the new Mayor of Athens, Haris Doukas, said in an interview with “Naftemporiki”. “A…