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Friday, 28 March 2025

METLEN strengthens its role in providing critical raw materials to the European market

The approval of 47 investment projects by the EU Commission concerning critical raw materials within the framework of the CRM Act strategy by the member states, which include METLEN’s vertically…

Fourlis Group opens its first Intersport Football Store

Fourlis Group has opened its first Intersport Football Store. As naftemporiki.gr has already reported, this is a new type of store specializing in football.According to Vangelis Batris, Managing Director…

Lamda Development updates projects’ timeline

Lamda Development’s CEO, Odysseas Athanasiou, referred to the delays in the completion of some of some projects in the Ellinikon, mainly those concerning the residential tower, Riviera Tower, and the…

Orizon: The fourth company in Greece’s mobile telephony

Greece acquires a fourth mobile telephony company, Orizon, with the entry of energy company, Volton, into the telecommunications market. Orizon will operate in the mobile sector as a virtual provider…

Climate change: RES are viewed positively, but not a top priority

While there is strong global concern about climate change, the sense of risk declines at national and local levels. In particular, 80% worldwide and 75% in Greece stated that they…

Heracles Group: New, modern concrete plant in Halkidiki

Heracles Group strengthens its presence in Northern Greece with a new, modern concrete plant in Kassandria, Halkidiki. The plant already serves residential and infrastructure projects. With a production capacity of…

The Danish “competitor” to Airbnb is about to join the Athens Stock Exchange

The founder and CEO of Danish Sanders Stay, Bo Sander, seeks to enter the Athens stock exchange, confirming the recent upward trend of IPOs. The company, operating in short-term rental…

How will Daedalus produce Greek AI in Lavrio?

The Daedalus supercomputer, whose implementation began with the prospect of being completed in one year, will be ranked among the top 20 in the list of the top 500 systems…

Data centers and natural gas in Western Macedonia – End of lignite in 2026

The conversion of the “Ptolemais V” lignite unit into a natural gas unit in 2027 was announced by the president and CEO of PPC, George Stassis, presenting the 2024 results…

Rescinding the first memorandum

The Finance Ministry and the Public Debt Management Agency (PDMA) set as a goal the full repayment of the bilateral loans of the first memorandum a decade earlier than planned,…

Thursday, 27 March 2025

Korkidis on Naftemporiki TV: Trump tariffs affect Greek-owned shipping

“US President Donald Trump’s tariffs affect everyone. And they are taxes on profits. This means that the ones who will pay are the consumers,” the president of the Hellenic Chamber…

Titan: Record profitability in 2024 – Sales at 2.64 billion euros

Titan Group registered new records in 2024, surpassing the results of 2023 and showing an increase in both sales and profits. According to the financial results announced by the company,…

Tourism: Dynamic start for 2025; January receipts surge by 7.5%

2025 started with increased tourist receipts and a double-digit increase in arrivals, confirming the positive dynamics of Greek tourism, even in the “heart” of winter. According to data announced by…

Snacking categories on the rise

The snacking category is expanding its footprint, evolving into a mega trend for the food industry as it already reaches a turnover of 2 billion euros. The average annual growth…

Stock exchange: Will US tariffs “spoil” the party?

The Athens Stock Exchange has soared more than +18% in 2025, which is now just a breath away from the psychological threshold of 1,750 points, after yesterday’s rise of +1.1%.…

DBRS: Small economies are racing ahead while large economies are limping along

The small ones race ahead and the big ones follow, out of breath. This is how one can describe the situation in the European Union, based on the latest estimates…

Natural gas: DESFA’s 10-year development program approved; 71 projects

The Waste, Energy and Water Regulatory Authority has approved the Ten-Year Development Program of DESFA for the period 2024-2033, which includes 71 projects with a total budget of 1.37 billion…

Mitsotakis: Greece is recognized as an energy hub and a pillar of stability and security

Greece is recognized as an energy hub and a pillar of stability and security, Prime Minister Kyriakos Mitsotakis said during the cabinet meeting, referring to the “green light” given by…

Zelilidis on hydrocarbons: Optimism for an oil field in the “Mediterranean Mountain” – What will determine the stance of Exxon and Chevron

Professor of Geology at the University of Patras, Avraam Zelilidis, talked about the factors that will determine the next moves of Exxon and Chevron in Greece in an interview with…

Stassis (PPC): 2024 was another year of strong performance; dividend of 0.4 euros per share

Public Power Corporation (PPC) announced that its operating profitability has doubled over the last three years compared to 2021, when the share capital increase took place, resulting in the production…

Wednesday, 26 March 2025

Sanders Group considering listing on the Athens Stock Exchange

Sanders Group, which operates in the short-term accommodation sector, is expanding its presence in Greece. According to the announcement of the company, which is based in Denmark, it is studying…

Melina Travlou: “Shipping is the foundation of the economic and geopolitical stability of the European Union”

“Shipping is the heart of Europe. Safeguarding its leading position requires immediate and joint action,” noted Melina Travlou, president of the Union of Greek Shipowners, in the context of the…

Watsa – Mytilineos: A relationship worth 500 million euros

Prem Watsa seems to… love Greece. After all, the Canadian “Warren Buffett”, as many in the market call him, has a history of significant investments in the listed companies (and…

Diana Shipping: Fourth ship charter agreement with Cargill

A time charter agreement with Cargill International SA for one of its Panamax dry cargo vessels, the m/v Leto, has been reached by US-listed Diana Shipping Inc. This is the…

Metlen’s investment in gallium production among the EU’s selected strategic projects for critical raw materials

Metlen’s flagship investment in the production of gallium at the historic aluminium plant in Greece has been officially recognised as a Strategic Project by the European Commission, under the Critical…

Mass exodus of workers continued in 2024

The mass exodus of workers continued in 2024, with new retirement applications reaching 197,228, a number that constitutes the third highest performance since 2017. However, according to the official data…

Celestyal Discovery inaugurates 2025 tourist season after extensive renovation

Following an extensive renovation in Athens over the winter, Celestyal Discovery inaugurated the 2025 tourist season. The 1,360-passenger ship has set sail for its first cruise of the 2025 season…

Fairfax’s participation in METLEN is further strengthened

Fairfax Financials Holdings Limited (Fairfax) has strengthened its position in Metlen. The two parties have agreed to enter into an exchangeable bond of 110 million euros, with which Fairfax will…

The critical role of marine insurers in “net zero”

Marine insurers are stepping up efforts to adapt to the requirements set by the International Maritime Organization (IMO) for the decarbonization of shipping by 2050, providing data-driven insights and supporting…

47 projects to shield Europe with raw materials – Greece participates with gallium

The European Commission has approved a list of 47 Strategic Projects aimed at strengthening domestic strategic raw materials capabilities. These are located in 13 Member States, including Greece which participates…

Monday, 24 March 2025

Digital Governance Ministry and ESEE collaborate to identify SMEs problems

The need for the “mapping” of the complex problems faced by small and medium-sized enterprises (SMEs) in their long period of digital transition was the focus of a meeting held…

Mitsotakis visits Interior Ministry; outlines government priorities

“I see that through a series of initiatives, the state and the public sector are changing for the better,” Prime Minister Kyriakos Mitsotakis said following his visit to the Interior…

Paulson raised more than 400-450 million euros from the Athens Stock Exchange in a month

It is estimated that the major investor John Paulson has raised more than 400-450 million euros from the Athens Stock Exchange in the last month, as he sold his shares…

Hotels are “protagonists” in real estate investments – Which areas are on the “radar”?

Hotels are leading the rising demand for real estate, and not only in the popular areas of Greece, but also in other parts of the country that are less known…

Athens stock exchange: OPAP, Coca Cola, PPA shares outshining

OPAP shares stand at new 17-year highs, climbing above 18.2 euros for the first time since 2008. The high dividend (1.4 euros/share), combined with optimistic estimates for the current fiscal…

Improving cruise port infrastructure

The Association of Cruise Ship Owners and Maritime Agencies informed the European Commissioner for Sustainable Transport and Tourism, Apostolos Tzitzikostas, about the activity and importance of cruising in Greece and…

Property price rally to continue in 2025

The apartment price index reached historic highs in late 2024, with newly built properties leading the way, while older properties are following at a slower pace. The steady upward trend…

Diana Shipping enters the LPG carrier market

Diana Shipping enters the LPG carrier market, becoming a strategic partner of the Ecogas Holding AS consortium. The newly formed consortium has an 80% stake in two 7,500 cbm LPG…

Thessaloniki port: Investment plans proceed; boosting the cruise industry

The expansion of Pier 6 at the port of Thessaloniki, an investment of hundreds of millions of euros, is expected to proceed immediately, within the next few months after the…

Greek defense industry seeks a share in Europe’s rearmament

Greece is seeking its role in the new European defense map, proposing the exploitation of opportunities for investment in innovation, cutting-edge technologies and strategic alliances. Greek defense companies, at least…

Friday, 21 March 2025

OPAP launches investments to further strengthen its network 

ΟPAP’s top priority is the continuation of investments for the further development of its network, as the management of the listed company emphasized during the briefing for analysts. The company…

Minerals: What does Greece’s subsoil produce – What is their value? 

The mining sector leaves a strong footprint on the Greek economy, IOBE underlined during the presentation of a study on the economic and social footprint of the Hellas Gold investment.…

Hellenic Cables to supply and install power transmission cables for the Dunkerque Offshore wind farm

Hellenic Cables, the cables division of Cenergy Holdings, has been awarded a turnkey contract by Réseau de Transport d’Électricité (RTE) in a joint venture with Asso.subsea for the Dunkerque Offshore…

Diplomatic sources: Express visa programme for Turkish citizens on Greek islands renewed

The European Commission has approved the renewal for one more year, from 1 April 2025, of the short-stay visa program for Turkish citizens and their family members on the Aegean…

Kikilias: Europe must understand the comparative advantage of Greek shipping 

The Minister of Maritime Affairs and Insular Policy, Vasilis Kikilias, spoke about the comparative advantage of Greek shipping, which is a pioneer and leading force worldwide and holds 60% of…

IPTO’s new data center set to launch

IPTO’s plans to expand its activity in the data center sector are in progress, with the beginning being made with a new 40 MW unit in Kryoneri. According to competent…

Manousakis (IPTO): Strong will for the continuation of the Great Sea Interconnector

The President and CEO of IPTO, Manos Manousakis, stressed the high geopolitical value of international electrical interconnections during his speech at the 8th annual conference, Cycle of Ideas. As he…

Real estate market rally continues in 2024

The real estate market rally continued in 2024, according to the Bank of Greece (BoG). More specifically, apartment prices rose at an average annual rate of 8.7%, compared to an…

Energean: New drilling in Israel in 2026

Energean is moving ahead with a new drilling program in the Israeli sea in 2026, the company announced to the London and Tel Aviv Stock Exchanges. The first two wells…

Eldorado Gold interested in new investments in Greece

Canadian Eldorado Gold is interested in new investments in the mining sector in Greece, according to the president of Hellas Gold (a subsidiary of Eldorado), Christos Balaskas. Eldorado Gold’s interest…