Editor's Notes：Greece is a significant partner in EU and friendly country to China. The year of 2022 marks the 50th anniversary of the establishment of diplomatic relations between China and Greece, and the China-Greece Year of Culture and Tourism. Economic Daily is cooperating with Naftemporiki, the largest and most important financial media in Greece, so as to share economic and trade information, and promote collaboration between two countries. The special column "Greek Economy", as the outcome of our cooperation, will provide news and information concerning Greek economy, investment, high-tech innovation, tourism, new energy, etc, and will serve as a window into the Greek and European economy.
Greece needs to achieve higher growth rates in the sector of Information and Communication Technologies (ICT) in order to converge with the European Union average within five years.[More]
Greece's goal to become a data processing and transfer center seems more feasible than ever. However, most of the announced investments, which will change the “game” if implemented, are in their early stages.[More]
Cruises in Thessaloniki are expected to move on a dynamic trajectory in 2025, as the planned arrivals show, with the leading international companies not only making their presence in the city more intense, but also planning the arrival of more and more luxury ships to the port. [More]
The top ten countries with the largest fleets of ships under their flags remained unchanged. Greece, home to more than 600 shipping companies managing over 5,500 registered ships, ranks ninth. However, it has experienced a 4.2% reduction in gross tonnage (GT) compared to November 2023. [More]
Concession contracts are now a key pillar for large construction groups, and this was also evident in the developments that occurred on Olympia Odos.[More]
Greece has been named the "Best Tourism Destination" internationally for the fourth consecutive year at the Global Traveler's GT Tested Reader Survey awards.[More]
The PPC Group presented its Annual Sustainable Development Report for 2023, in accordance with the international standards of the Global Reporting Initiative (GRI Standards) and the Athens Stock Exchange ESG Disclosure Guide.[More]
As Greek listed companies have already announced their nine-month results, interest is now turned on their investments plans for 2025.[More]
Tourism Minister, Olga Kefalogianni, participated in the 12th General Assembly of the Hellenic Chamber of Hotels (HCCH), where she highlighted the basic regulations for short-term rentals included in the new bill of the Ministry of Tourism, the digital transformation of the Ministry, the Greek National...[More]
The absorption of the Recovery Fund resources will remain the major support of the Greek economy in the next two years, according to UBS.[More]
The order book of Greek interests in Asian shipyards is constantly expanding. In the last ten days, brokers from Greece and abroad have recorded 16 new orders from five Greek-owned companies, worth 1.6 billion dollars.[More]
2024 will end with an impressive economic performance including an almost balanced budget, as the deficit, based on the latest estimates of the Greek economic staff, is expected to fall below 1% of GDP.[More]
PPA S.A. participated in the 7th China International Import Exhibition (7th CIIE) in Shanghai, from November 5 to November 10, highlighting the strategic importance of the port of Piraeus in the cooperation between Greece and China, as well as its role as a hub of cooperation between the West and the E...[More]
An entire fleet, which the largest registries in the world could envy, is currently being built by Greek shipowners. At the end of October 2024, Newsfront/Naftiliaki had confirmed 552 orders from 72 Greek shipping companies.[More]
Greek wine seems to be gaining more and more ground in Italy. The Greek Wine Day took place for the third consecutive year in Florence.[More]
The port of Piraeus was once again distinguished for its performance. More specifically, it received the "Ferry Shipping Port of the Year 2024" award in the field of passenger transport, in a special event, which took place within the framework of the European Conference on Coastal Shipping- European F...[More]
The tourism industry has definitively left behind the problems created by the coronavirus pandemic, while it has shown resilience to geopolitical turmoil and economic difficulties and is looking ahead to the next 10 years with optimism, recording successive records. [More]
Funds exceeding 78 billion euros have been invested in Greek companies over the last 12 months. As a result the market seems to be recovering its pace as well as its self-confidence, having recorded a spectacularly strong capital mobility after the multi-year economic crisis. [More]
Strong investment activity is recorded in construction and infrastructure, telecommunications, transport, real estate, with demand being fueled from Greece and abroad, in IT and Data Centers, in the food industry, in the health sector, and also in retail trade. Banks are not left behind in this investm...[More]
The Greek owned fleet remains the largest in terms of transport capacity but also the most expensive in terms of value, however, the dynamic of Asia is also confirmed.[More]
Maritime professionals from across the Hellenic region and beyond will converge in Athens for the highly anticipated Hellenic Maritime Forum.[More]
More than 350,000 Greeks of the brain drain generation – those who left during the crisis years in search of better employment opportunities – have returned. What made them come back? A new research by the National Documentation Center tries to answer this question.[More]
The US stock market gives a vote of confidence to the listed shipping companies of Greek interests. A research by "Naftemporiki" reflects the positive messages, as the international rating agencies give a strong buy recommendation for the majority of companies.[More]
Representatives of the Greek government, the European Central Bank (ECB) and the European Commission, as well as leading executives of Greek businesses, presented their proposals for Greece's productive reconstruction at the 3rd Naftemporiki Economic Conference entitled "Productive Greece in the next d...[More]
The development of businesses creates new jobs that are not easily covered, due to a lack of skills on the part of the workers, but also because many Greeks have left abroad.[More]
Studies have shown that the cost of climate change is about to increase, as long as no measures are taken to mitigate the phenomenon, Bank of Greece (BoG) governor, Yannis Stournaras, said in his greeting during the presentation of the revised National Plan for Climate and Energy.[More]
The number of ships using LNG in the global fleet is increasing significantly, while Greek shipowners are emerging as "strong" players in ships under construction with this particular fuel.[More]
The economic climate in Greece showed an improvement in September, with the index standing at 110.2 points from 106 points in July and August, the Foundation for Economic and Industrial Research (IOBE) said.[More]
The Piraeus Port Authority (PPA S.A.) was awarded five top awards for its performance in the critical areas of environmental protection and regulatory compliance. [More]
Investment plans totaling more than 2 billion euros, in Attica and Thessaloniki, are underway in the sector of logistics.[More]
Greek banks are gathering strong investment interest at the Bank of America's three-day conference held in London, which confirms the full recovery of the domestic sector – as reflected in their successive upgrades by international rating agencies.[More]
Piraeus Port Authority (PPA) showed an increase in revenues and profits in the first half of 2024, once again achieving the best historical performance for this period of time.[More]
The value of the Greek business software market is estimated at 400 million euros, and it is expected to double over the next 5 years, reaching 1 billion euros. These are essentially investments in software products on the part of both private and public sector enterprises. [More]
The LNG adoption in the containership market remains strong, due to the attractiveness of the fuel price but also slower than expected production of green methanol.[More]
The financial footprint of the pharmaceutical industry in the Greek economy and its overall contribution in terms of GDP is estimated at 6.5 billion euros (3.2% of GDP) in 2022, according to the latest IOBE survey.[More]
Costamare of Kostis Konstantakopoulos, Star Bulk of Petros Pappas, Maran Dry of the Maria Angelikoussis group, but also Alpha Bulkers of the Anna Angelikoussis group proceeded with the sale of the oldest bulk carriers they have in their fleets. [More]
Energy-RES-Hydrogen, shipping-ports, thermal tourism, industrial products for smart buildings, were some of the sectors in which the 88th TIF, with Germany as the Honored Country, lays the foundations for the development of new Greek-German collaborations and future investments. [More]
The transition to a zero-emissions economy, the shift to electrification and renewable energy sources, as well as progress in artificial intelligence, have spurred demand for critical mineral raw materials such as copper, lithium, and more. [More]
The companies of the Panos Laskaridis group “Laskaridis Shipping” and “Lavinia Corporation” are launching a particularly dynamic and promising collaboration. [More]
Investors, gifted with an average return of 10% in the first eight months of 2024, are looking to the multiple and significant developments of the coming weeks, which will largely determine the short-medium term market trend. [More]
Greece’s cruise sector will present record passenger numbers in 2024 and 2025, as Greece is one of the most popular destinations, while the ongoing crisis in the Red Sea is leading many companies to change destinations. [More]
The port of Piraeus is an international pillar of business and investment development. At the same time, the Greek center is also strengthened by the stable position of the port of Piraeus among the largest in Europe.[More]
The Athens/Piraeus ecosystem showed its strength in the field of ship management, gaining a place in the list of the world's leading shipping centers.[More]
In the June-July 2024 period, the shipping company WeberSeas registered contracts for 89 new vessels with a capacity of 1.2 million TEUs.[More]
Tourism has a strong footprint on the Athens Stock Exchange, as several listed companies from various sectors of the economy are affected – some more, others less – by the performance of tourism. This has a strong effect on the profitability, annual dividends, as well as the course of the shares.[More]
The generation of Millennials (ages 30-49) holds the first place in the total monthly purchases of e-commerce in Greece, according to a survey carried out by Nexi on the consumption habits of Greeks and especially on the e-commerce sector. [More]
The Cruise Lines International Association (CLIA), the leading voice of the global cruise industry, which represents 95% of the industry, met with the Minister of Maritime Affairs and Insular Policy, Christos Stylianidis. [More]
Large bulk carriers, such as Capesize and Newcastlemax, are a "pole of attraction" in the secondary market, with Greek shipowners behind several deals. Between January and July 2024, a total of 90 oversized bulkers changed hands, compared to 69 in the corresponding period of 2023, i.e. an increase of 3...[More]
The opinions of Greeks regarding the impact of tourism and the phenomenon of hypertourism are recorded in a new survey by the Eteron Institute, conducted by about people.[More]
The EU funds from the Recovery and Resilience Facility (RRF) amount to 17.2 billion euros, following the European Commission's announcement on the disbursement of 2.3 billion euros to Greece, after the successful completion of 4th payment request from the loan part of the "Greece 2.0" National Plan.[More]
The secondary market of bulk carriers continues to record frantic rates although it is a difficult period for deals, at a time when prices seem to have reached their peak.[More]
The need for a holistic approach to the development of tourist ports and berths for pleasure boats is pointed out to “Naftemporiki” by representatives of the sector. [More]
Piraeus Port Authority (PPA) SA received two additional awards for its significant contribution to the development of the domestic economy, in the “Protagonists of the Greek Economy” awards organized by the Direction Business Network and held under the auspices of the Ministry of Development.[More]
National Bank finances the major projects that support the infrastructure and modernize Greece, making it among the top tourist destinations. At the same time, it supports tourism businesses with high-level financial services. [More]
A wait-and-see approach until the full availability of new fuels will jeopardize the achievement of the zero-emissions target by 2050 and all intermediate milestones by then, the CEO of the Global Center for Maritime Decarbonization (GCMD), Professor Lynn Loo, said to "Naftemporiki" recognizing the dif...[More]
"The improved financial results of our company for the third consecutive year demonstrate that the port's development and modernization strategy, as well as the important decisions regarding its operation, are absolutely in the right direction and ensure the necessary conditions for the establishment o...[More]
Greek shipowners' orders are on track for a new record this year, as a total of 34 companies have signed contracts for more than 120 ships during the first half of the year.[More]
Limiting the short-term rental of properties in famous tourist areas and establishing a special fee for the financing of renovations and infrastructure is proposed, among other things, in the new Special Spatial Framework for Tourism. [More]
Construction activity rose significantly in March, according to the Hellenic Statistical Authority (ESTAT).[More]
The construction of the state-of-the-art data center Heraklion-1, in Heraklion, Crete, is making rapid progress, as announced by Digital Realty, world leader in the market of neutral data centers, colocation and cloud interconnection.[More]
Demand for container ships is on the rise lately based on the number of deals on the secondary market and in shipyards.[More]
The demand for investments in the hospitality sector in Greece is increasing with new "players" entering the market, including international brands, while at the same time strong Greek chains are developing and the quality of the country's hotel potential is being upgraded, with the number of five-star...[More]
There are undoubtedly many talents of Greek origin, part of which makes up the Greek ecosystem of tech start-ups, which have been spotted by tech talent hunters.[More]
Piraeus port is located at the crossroads of Europe, Asia, and Africa. It is the biggest port in Greece and the eastern Mediterranean Sea, the 4th largest port in Europe and the 24th-largest container one globally. In the following, the new era of sustainable port-cities is analyzed based on a port con...[More]
An interactive workshop for the study and preparation of the regulation for tugboats, after the issuance of the relevant presidential decree, was held by the Piraeus Port Authority (PPA).[More]
Greek feta exports reached 736 million euros in 2023, a performance which not only justifies why the white "gold" is included in the benchmarks of domestic products, but also why other countries claim a share of its value.[More]
Greek shipping companies listed on the US stock exchange showed improved performance in terms of Environment, Society and Governance (ESG) in 2022. [More]
The Tower of Piraeus, an investment which is expected to exceed 130 million euros, was inaugurated on Tuesday afternoon, in the presence of Prime Minister Kyriakos Mitsotakis and the mayor of Piraeus, Yiannis Moralis.[More]
Greece is the third largest cruise destination country in the Mediterranean, the Cruise Lines International Association (CLIA) said.[More]
International shipping exhibition "Posidonia 2024" opened its gates at the Metropolitan Expo. Announcing the opening of the exhibition, Prime Minister Kyriakos Mitsotakis sent a message to Brussels about the significant role of Greek shipping for Europe's strategic autonomy. [More]
The Hellenic Environmental Center SA (HEC) signed a Memorandum of Cooperation with the Saudi Investment Recycling Company (SIRC), which is wholly owned by the Public Investment Fund of Saudi Arabia.[More]
The company Grecian Magnesite focuses on the market of industrial minerals, specializing in magnesia. In particular, the company ranks among the leading magnesite producers in the world, with a staff of over 340 people and a consolidated turnover of 70 million euros. [More]
Promoting the importance of safety regarding shipping decarbonization requires the cultivation and development of soft skills as well as the continuous training and retraining of workers in new technologies. [More]
In June 2010, the Skaramagas Shipyards, the Elefsis Shipyards and the Syros Shipyards had a joint presence at the world’s largest shipping exhibition Posidonia. The crisis in shipping and Greece’s wider economic crisis led to the obsolescence of the three units in the following years. [More]
The Athens Stock Exchange is climbing to new 13-year highs on Wednesday, the first trading session after the Easter holidays, bridging the distance from the next threshold of 1,500 points.[More]
Greece is among the first preferences of the major European markets in terms of tourist destination, despite the fact that most Europeans have stated that they prefer short trips of up to 3 hours.[More]
Greek shipowners are once again the leaders in the tanker market. More specifically, of the 751 tankers currently being built at the yards, 222, i.e. 30%, belong to shipping companies of Greek interests, according to the representatives of the shipping sector during the 8th Naftemporiki Conference.[More]
The fields of energy cooperation between the two countries are expected to be discussed – among other things – during the meeting between Greek Prime Minister Kyriakos Mitsotakis and Turkish President Recep Tayyip Erdogan in Ankara.[More]
The capitalization of Greek shipping companies listed on the US stock market has skyrocketed over the last months and the 1 billion "club" continues to grow, while soon we may have the first company with a value of 3 billion dollars.[More]
Following a new order for two state-of-the-art LR2 tankers, Aegean Shipping Management and COSCO seal a relationship of trust, which has been built step by step, for a decade.[More]
Successive multi-million-euro investments have been announced in the real estate sector over the last months, with new residential and tourist developments opening one after the other, from the northern suburbs to Sounio and all along the Athenian Riviera.[More]
This year will be the year of a complete return of global tourism and air transport to pre-pandemic levels, the president of the federation of travel agencies in Greece Fedhatta, Lysandros Tsilidis, noted.[More]
The tanker orderbook in relation to the active fleet has climbed to its highest level in five years, driven by a spectacular increase in newbuilding investment since the second half of 2022.[More]
Olive oil has become a luxury item in EU countries. In the last year its price has increased by 69% in Portugal, 67% in Greece and 63% in Spain, which are also producing countries.[More]
The secondary market of ships shows high growth rates with Greek shipowners playing a leading role both as buyers and as sellers.[More]
Athens International Airport SA announced total revenues and other income increased by 15.3 million euros, or 15.3%, to 114.6 million euros in the first quarter of 2024 from 99.4 million euros in the first quarter of 2023, with all revenue streams demonstrating substantial improvement.[More]
The road map for strengthening the competitiveness of Greek industry is mapped in an extensive study prepared jointly by EY Greece and the Ηellenic Federation of Enterprises.[More]
The investment grade constitutes good news because it affects the reduction of borrowing costs for households, businesses, and the country, Alexis Patelis, Chief Economic Advisor to Prime Minister Kyriakos Mitsotakis, said in an interview with “Naftemporiki” and Michalis Psilos.[More]
The footprint of the tourism industry in the Greek economy is growing, according to the INSETE study, which shows that the direct contribution of tourism jumped to 28.5 billion euros in 2023. This corresponds to 13% of the country's GDP and is the highest ever recorded. In 2022 the corresponding figure...[More]
Greece's rejuvenated shipbuilding industry will feature at Posidonia 2024, signaling a strong recovery after decades of decline and abandonment. The renaissance of the sector takes shape after the completion of the consolidation of the country's shipyards in Syros and Elefsis, but also through the resu...[More]
The Greek shipping sector is expanding year by year, now reaching the highest level of at least the last decade, both in the number of shipping offices and ship management companies.The figures of the Ministry of Maritime and Island Policy available to "Naftemporiki" show that the offices of shipping c...[More]
According to Bank of Greece (BoG), the net receipts for the purchase of real estate from foreign nationals are still high as a percentage of all investments (42.5%) and exceed 2 billion euros, up 8% compared to 2022 (2,133 million euros compared to 1,975 million euros).[More]
The secondary market of bulk carriers has shown strong activity over the last weeks, with Greek shipowners playing a key role in the largest deals.[More]
Greek Prime Minister Kyriakos Mitsotakis expressed his ambition to make Greece "the best tourist destination in the world in a 10-year period" during a discussion with Luis Araujo, president of the European Travel Commission.[More]
The launch of direct flights between Shanghai and Athens constitutes a milestone as well as a strong incentive for enhancing travel flow from both sides, Tourism Minister, Olga Kefalogianni, said in a special event attended by the Ambassador of the People's Republic of China to the Hellenic Republic,[More]
"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.[More]
Hotel investments continue unabated in Greece, both in popular tourist resorts and in the two largest urban centers, Athens and Thessaloniki. New hotels and resorts of Greek and foreign tourism business groups are opening their doors ahead of this year's summer tourist season and even more are about to...[More]
Greece’s flour industry is moving on an upward trajectory, according to ICAP CRIF forecasts presented by “Naftemporiki.” More specifically, the sector is expected to register an average annual growth rate of flour consumption of 2% in the two-year period 2024-2025. In the five-year period 2018-2022,...[More]
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 with Attica for the construction of the first new vessel of the coastal shipping industry after 17 years - the signatures are ...[More]
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 rest of the euro area and is reaping the benefits of the policies that were implemented during the crisis ye...[More]
Greece holds discussions in order to raise funds, which will be used for the green transition of the coastal shipping fleet, Shipping and Island Policy Minister Christos Stylianidis said, adding that there are many EU funds which could provide support.[More]
"Naftemporiki" sets sail for the second century of its history, as it celebrates its 100-year anniversary since it was first published on March 8, 1924.[More]
Based on data shared by shipping agents with "Naftemporiki", a total of 16,158,000 million coastal passengers were handled by the country's largest port, Piraeus, compared to 14,976,000 in 2022 and 11,846,000 in 2021, an increase 8% and 35% respectively.[More]
Encouraging for Greece are the first messages coming from ITB, the International Tourism Exhibition that is being held these days in Berlin.[More]
Digital Governance Minister of Greece, Dimitris Papastergiou, who participates in the Mobile World Congress held in Barcelona, sent the message that the citizens' transactions with the state will be further simplified in 2024.[More]
Greek wine exports reached 100 million euros last year for the first time in history. This number may be relatively small compared to the export performance of other sectors of the national economy, but Greek wine has a comparative advantage that no other' Made in Greece' product can claim: the fact th...[More]
Greece is emerging as the protagonist of the cruise sector in the Eastern Mediterranean for 2024, as the war climate in the Middle East seems to favor the port of Piraeus and Greek destinations.[More]
Greek tourism Minister, Olga Kefalogianni, gave a speech at the "Tourism and Sustainability" day, organized at the Acropolis Museum by the Society for the Environment and Cultural Heritage. The minister referred to the vision, but also the strategy, to make Greece a model of sustainable tourism develop...[More]
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 second highest growth rate of 2.3%, after Malta. Regarding inflation, it will follow a downward path compared ...[More]
The Houthi attacks have forced many shipping companies to bypass the Red Sea resulting in delays in the transport of products, increased fuel costs and higher consumer prices. [More]
The critical role of the Port of Piraeus in trade and the global supply chain, as an important gateway to global shipping, was highlighted during the 5th Balkans & Black Sea Forum (BBSF 2024) entitled "Trading Arteries & Global Supply Chains at Stake," which was hosted at the facilities of the Piraeus ...[More]
"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."[More]
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.[More]
Sophia, the globally renowned humanoid AI robot, developed by the Hong Kong-based company Hanson Robotics, speaks Greek and is about to visit Nafpaktos and the island of Rhodes in March.[More]
The Port of Piraeus' car terminal shows great dynamics in terms of domestic cargo handling, while it aspires to become one of the largest vehicle transit centers in the Eastern Mediterranean following its recent extension.[More]
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.[More]
"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 clean and safe city and the upgrading of the school infrastructure are among the main priorities," he underlined and added: "We want vibrant a...[More]
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.[More]
Metallic minerals, industrial minerals, zeolitic rocks, boric salts are some of the mineral raw materials existing in the Greek subsoil that must be immediately exploited, according to representatives of the sector.[More]
Greece plans to submit two requests with the aim of disbursing a total amount of 6.9 billion euros from the Recovery and Resilience Facility, both in grants and loans, within the year.[More]
"The energy crisis highlights in a compelling way the need for a common European energy policy. The needs of the economy impose a common policy," Minister of National Economy and Finance, Kostis Hatzidakis, said.[More]
The management of Piraeus Port Authority (PPA) welcomed the COSTA Deliziosa – the first cruise ship in the port of Piraeus, for the new year. [More]
Alexander Karalis Koerbel, broker in Optima Shipping Services, told "Naftemporiki" that Greek shipowners strengthened their fleets with 194 bulkers and tankers in the 12-month period of 2023. [More]
The palace of ancient king Philip II of Macedonia was open to the public after the completion of the long-term restoration carried out by the Ministry of Culture.[More]
The reunification of the Parthenon Sculptures is a major national goal, said the Greek Minister of Culture, Lina Mendoni.[More]
The Greek economy recorded a dynamic growth in 2023 helped by the execution of a Public Investment Programme worth 11.2 billion euros -up 176 million compared with 2022- National Economy and Finance ministry said in a report.[More]
The Athens Chamber of Commerce and Industry (ACCI) and EY Greece organized an informative event regarding financing opportunities for Greek businesses through European indirect and direct programs. The European financial opportunities for 2024 were presented in detail, as well as the best practices tha...[More]
"Plans to restructure and revive the shipbuilding industry are proceeding rapidly," Deputy Development Minister Anna Mani at the 1st Conference of the Greek Shipyards Union representing Prime Minister Kyriakos Mitsotakis.[More]
An important opportunity for Greece and its economy in 2024 is the rebirth of the shipping and para-shipping cluster centered on the port of Piraeus.[More]
Dr. Nikos Tsakos, founder and CEO of Tsakos Energy Navigation, spoke on the US financial channel Schwab Network about the potential of Greek shipping and how maritime transport will be affected by geopolitical developments.[More]
Naftemporiki awarded the leading Greek companies for 2023 in a special event held at Grande Bretagne hotel.[More]
Naftemporiki achieved a very important distinction at the European level: it was declared "European Newspaper of the Year 2024" in the European Newspaper Awards competition.[More]
Greek food and beverage companies held a total of 405 Business to Business meetings, as part of a business mission organized by the German Hellenic Chamber of Industry and Commerce, in collaboration with the Hellenic-Asian Business Council, from November 11 to November 21.[More]
The European Commission, on the initiative of the Greek vice-president Margaritis Schinas, submitted a regulation proposal for the creation of a "Talent Pool" in the European Union.[More]
The port of Piraeus is ready to proceed with the implementation of ship electrification infrastructure from land, starting from the area of coastal shipping.[More]
According to the latest annual report of the Hellenic Shipowners’ Association, they control 31.27% of the world’s oil tanker fleet and 15.79% of the chemical and petroleum product transport fleet. According to a research carried out by Xclusiv Shipbrokers, on behalf of Naftiliaki and presented at a r...[More]
Economy and Finance Minister Kostis Hatzidakis announced the launch of a National Investment Fund and the modernization of the legislation governing the operation of public enterprises operating under the ‘umbrella’ of the Superfund.[More]
Unemployment was recently added to the list of economic indicators that have returned to pro-memoranda levels, closing a very long economic cycle after 14 years . The Hellenic Statistical Authority (ELSTAT) recorded a single-digit unemployment rate (9.6%) in October, for the first time after 14 years, ...[More]
Greek shipping companies are strengthening their fleets with modern bulk carriers, taking advantage of the opportunities offered by the secondary market. [More]
Greek banks focused on taking advantage of the current conditions and the success story during the second day of the Morgan Stanley conference held in London. It is worth noting that each of the four systemic banks had more than 40 B2B meetings.[More]
The climate in the economy and entrepreneurship after the recovery of the investment grade and the reforms-catalysts for the development course dominated the conference held by "Naftemporiki",entitled "Upgrading Greece".[More]
A total of 27,790.5 thousand travelers visited Greece from January to September 2023, with travel receipts jumping 15.2% to Euro 17.919 billion.[More]
Aegean Shipping Management and COSCO SHIPPING Heavy Industry Yangzhou reached an agreement for the construction of two more tankers, type LR2 ice class, with a carrying capacity of 114,000 dwt each. Following the latest development, Aegean will have built 14 ships in COSCO berths. As Mr. Swem Sun, COSC...[More]
Greek banks pass in the hands of private individuals as is the case with all modern and developed economies. Therefore, the Hellenic Financial Stability Fund (HFSF) completed the sale of 9% of Alpha Bank, while the public offering for National Bank starts on Tuesday. [More]
The ports of Piraeus and Heraklion are proceeding with energy transformation of their facilities, in order to be able to provide coastal electricity to cruise ships in the near future.[More]
Travel operators and tourism representatives are sending positive messages for 2024, following their contacts in the World Travel Market, which opened its gates in London on November 6th.[More]
National Economy and Finance Minister Kostis Hatzidakis presented a series of initiatives for the transition to an economy based on the quantitative and qualitative increase of investments, as well as for the further upgrading of Greece's credit rating, during his speech at the 6th Athens Investment Fo...[More]
The Group of Naftemporiki and China Media Group (CMG) signed a memorandum of cooperation on Monday in the framework of a Greek-Chinese conference entitled "An ancient path for modern prosperity" for the "Belt and Road" dialogue.[More]
Piraeus Port Authority (PPA) announced a significant increase in revenues and profits in the nine-month period and the third quarter of 2023 compared to the same period in 2022. Most of the company's operational sectors moved upwards, with spectacular results mainly in the cruise industry.[More]
Scrubbers are essentially a system that "cleans up" sulfur dioxide emissions. The performance of specific types of scrubbers, after 4-5 years of use, on ships of the ocean shipping industry is causing strong concern in the Greek shipping community.[More]
The portraits of Greek shipowners and their contribution to our country were captured in a special edition of "Naftemporiki." The publication was presented at an event at the Eugenides Foundation, attended by important representatives of the maritime community.[More]
Greek businesses are expected to maintain their high growth rates in 2024, with construction and IT playing a leading role in terms of dynamics, based on the resources of the Recovery Fund. According to a survey by the Directorate of Economic Analysis of the National Bank of Greece (NBG), the Greek bus...[More]
Greek shipowners are lately targeting the container shipping market, claiming tonnage with guaranteed charters that offer flexibility in today's weak conditions. [More]
The vice-president of the Greek Association of Agricultural Cooperatives, Michalis Kampitakis, in statements to Naftemporiki TV, said that the oil sold in supermarkets was bought 3-4 months ago by the producer at around 4.80-5 euros per liter. Therefore, the price in the super markets should be at 8-9 ...[More]
The first organic electronics mass production unit is expected to be fully operational in Greece by the end of 2025, with an emphasis on the energy sector. It is an ambitious project that has its starting point in Northern Greece with the participation of four organizations and companies from all over ...[More]
"Greece is an important partner of China in the European Union, which acts as a bridge, as a link for the strengthening of Sino-European relations," China's Ambassador in Athens, Xiao Junzheng, said in an interview with "Naftemporiki" and Michalis Psilos.[More]
The orders for new product tankers increased in the first eight months of 2023. According to BIMCO analysis, new orders have reached a 10-year high, especially agreements have been signed for the construction of 140 product tankers, with a total transport capacity of 10.72 million dwt. [More]
Hellenic Environmental Center (HEC) further expands its network, through its subsidiary Green Ports (Malta) Ltd.[More]
Reception for the National Day of China on the occasion of the celebration of the 74th anniversary of the founding of the People's Republic of China, was held on September 26 by the Chinese Embassy, in Athens.[More]
Greek shipowners continue the renewal of their tanker fleet, which started at the beginning of 2022. They have received more than 2.5 billion dollars for old tankers, while they have placed 101 new orders, with a total value of 6.9 billion dollars.[More]
"If we do not reach the major consumption centers of Europe, we will not be able to export the energy we produce," the vice-president and general director of Technology, System Development and Strategy of the Independent Power Transmission Operator (IPTO), Ioannis Margaris, said during a presentation a...[More]
Over the past five decades, Greece and China have developed strategic partnerships, reaping mutual benefits, mainly in the fields of communications, financial services, energy, maritime transport, shipbuilding and port operations.[More]
DBRS upgraded Greece's credit rating to investment grade status. The rating agency has upgraded the Greek debt to BBB (low) from BB (high), an investment grade status. The trends on all ratings remain stable.[More]
A deep and open wound in the domestic primary sector is created by the destruction caused by torrential rains and unprecedented floods in the region of Thessaly, in central Greece. [More]
Shipping giant Cosco will launch a faster “door to door” transport service between China and Greece, further strengthening the freight relations between the two countries. [More]
The company Ante Inc, owned by Giannis, Thanasis, Kostas and Alex Antetokounmpo, joins forces with Hellenic Wineries, a holding company which in 2022 acquired Boutari Wineries, one of the most iconic wine companies in Greece with more than 100 years of presence, and recently the natural mineral water c...[More]
The 87th Thessaloniki International Fair (TIF) will be held from September 9 to September 17 with Bulgaria as an honored country and the participation of 1,500 exhibitors, 382 small and medium sized enterprises, 49 chambers and nine special events. [More]
The target for green hydrogen production, the electrolysis capacity and the percentage of hydrogen mixing in the distributed gas has significantly increased compared to the original planning.[More]
According to data available to "Naftemporiki", the pre-bookings of ships in the port of Piraeus rose by 15% from the beginning of the year to June 2023 compared to the same period in 2022.[More]
"The figures speak of a good tourist year in terms of arrivals and revenues… returning to the pre-pandemic levels," Minister of Tourism, Olga Kefalogianni, said in an interview with "Naftemporiki" and Michalis Psilos.[More]
The use of ammonia as marine fuel will become an important source of energy for the world’s shipping fleet within the next 30 years, analysts estimate.[More]
The "Greeks" are playing a leading role in the dry bulk carrier market.[More]
New infrastructure and transport projects are raising Greece's profile, making the country a key supply chain hub in the region of Southeast Mediterranean and the Balkans.[More]
Greece holds its prominent position regarding the number of people employed in maritime transport.[More]
The value of the Greek ecosystem in 2022 was 8.2 billion euros, according to Elevate Greece. Greece’s rise in the international ranking of start-ups is one of the goals of Elevate Greece. [More]
Greek tourism is on track for a new arrivals record, surpassing the "golden" year of 2019, according to a study by the Directorate of Economic Analysis of the National Bank of Greece (NBG), which estimates that this year's tourist receipts could approach 21 billion euros. However, the study also highli...[More]
The Economy and Finance Ministry seeks to increase the budget of the Recovery and Resilience Facility (Greece 2.0) by 5 billion euros, with Alternate Minister Nikos Papathanasis expected to submit the relevant request to the European Commission.[More]
Greek economic sentiment index rose to 111.1 points in July from 110.1 in June, the highest reading in the last 16 months, the Foundation for Economic and Industrial Research IOBE said in a report.[More]
More than 5 million cruise passengers are expected at Greek ports this year, close to pre-pandemic levels. [More]
The Hellenic Shipowners Association published its annual report for the period 2022-2023 on the important developments in maritime policy.[More]
The port of Piraeus has been established as the first European port in the Mediterranean, and the fourth in Europe. However, the development of the port of Valencia and the reduction in traffic over the last three years have led the Greek port one place lower on the European list.[More]
Investments of Greek shipping companies in new ships are about to hit a new record high in 2023, having already exceeded the levels of at least the last three years.[More]
The measures taken by Greece to minimize the side effects of the energy crisis reached almost 4% of GDP, with Greece among the countries that provided the strongest support to consumers, according to the market monitoring report of the European Union Agency for the Cooperation of Energy Regulators (ACE...[More]
Greek maritime technology companies are a pole of attraction for investors, as a few months after the acquisition of MarineTraffic, another company with a noteworthy project, DeepSea Technologies, announced a major cooperation agreement.[More]
"What is already happening with fires, it will become more problematic and worse," Professor Johann G. Goldammer, director of the Global Fire Monitoring Center, hosted by the Max Planck Institute for Chemistry and Freiburg University in Germany, stressed in an exclusive interview to "Naftemporiki" and ...[More]
Many bulk carriers and containerships have changed hands at good prices over the last period.[More]
After 13 years in the 'junk' category, Greece is ready to regain investment grade status. But the question that dominated FinForum 2023, which is being held in Athens, under the auspices of the Hellenic Bank Association, was how soon can we expect this "gift" from the rating agencies.[More]
Greece is included in the top-10 outbound tourism destinations based on UNWTO data for 2021, while international interest in traveling is growing, according to the two of the most important findings of the Institute of SETE (INSETE) new study “Market Outlook: Travel behavior and economic conditions in...[More]
Investment grade, lower inflation, reduction of debt, deficit and unemployment constitute the main challenges of the Greek economy, according the report of Bank of Greece, submitted its Monetary Policy Report 2022-2023 to the Greek Parliament.[More]
Stephen Cotton, general secretary of the International Transport Workers’ Federation (ITF), stated to “Naftemporiki” that despite Greece's long maritime history, the country is facing a crisis due to the lack of seamen.[More]
Greece, despite the various difficulties of recent years both in the local and international economic environment, shows a remarkable activity in the space sector both at the research and production level.[More]
The last regular European Council meeting before the summer break was held in Brussels, addressing a wide range of topics, but with migration higher up the agenda, after the tragic shipwreck in Pylos.[More]
Credit rating agencies "see" a stable government, which can implement critical reforms for the Greek economy and the market, after the June 25 elections. They consider that the foundations exist to continue the good course in structural changes, absorption of EU resources and achievement of high growth...[More]
A surprise hid the closing of Wall Street, regarding the listed Greek shipping companies, as Danaos Corp of Yannis Koustas revealed the acquisition of a share in the American Eagle Bulk Shipping.[More]
Amidst strong uncertainty in the international environment, the new government after the June 25 elections will be faced with critical economic challenges. Some of these issues will need to be dealt with immediately as there will be no grace period. Issues such as the draft budget of 2024 as well as th...[More]
Greek business activity in the Balkans continues to be rising, more in some places and less in others, with Albania and Romania attracting significant Greek investment interest.[More]
The National Bank of Greece (NBG) in a report sees the Greek economy growing 2.5% in the second quarter and 3.0% or even higher in the second half of the year.[More]
Greek shipowners have recently proceeded with new orders and purchases of modern second-hand bulk carriers as well as sales of older tankers.[More]
Greek shipping is the only sector of the country’s economy that shows such extroversion with significant presence in international stock markets, including US financial markets.[More]
The Greek economy grew by 2.1% in the first quarter of the year, the Hellenic Statistical Authority (ELSTAT) said on Wednesday. [More]
Financial institutions in Asia are focusing their strategies on Greek shipowners covering the gap of the European banks that are navigating a way out of the shipping sector. [More]
With 25 years of presence in Greece, Cisco continues to give a vote of confidence in Greece's prospects.[More]
On July 9, 1956, a very strong and destructive earthquake of magnitude 7.5 occurred, centered on the sea area between Amorgos, Anidros and Anafis. The limited means of the time resulted in our knowledge of this earthquake being limited and the exact location of the epicenter impossible. Sixty-seven yea...[More]
The aluminum sector enjoys significantly positive outlook being at the forefront of demand for high-growth sectors such as auto industry, electric cars, construction and packaging.[More]
The handling of containers in Piraeus in April 2023 was satisfactory, according to port officials. They attributed this in part to the normalization of conditions in the supply chain.[More]
The Greek economy grew at a steady pace in 2022, although it is expected to moderate this year and in 2024. Despite the relatively large fiscal support provided to households and businesses to deal with the energy crisis, the primary balance turned positive, recording in 2022 primary surplus of 0.1% of...[More]
Political risk in Greece is now completely out of the equation for markets and rating agencies. The sweeping victory of New Democracy party and the prospect of an outright majority after the second elections, on June 25, has boosted Greek stocks and bonds. Rating agencies welcomed the outcome as a sign...[More]
Greek tourism is on track to break new revenue record in 2023, according to Tourism Minister Vassilis Kikilias.[More]
Greek exports maintained their dynamic growth in the first quarter of the year, delivering encouraging signs for the export growth outlook in 2023.[More]
An important achievement in the field of information processing using photonic technology and neural networks is presented by a scientific group of the Department of Informatics of the Aristotle University of Thessaloniki.[More]
The first signs from 2023 justify the optimistic expectations that Greek tourism will break new records this year. [More]
In recent years, Greek participation in important space missions has increased, either by research groups of Greek universities or public bodies, or by Greek companies active in the development of space technologies. As it became known to the list of missions with a Greek flavor, one more is added. The...[More]
Greek economic sentiment index rose to 108.8 points in April from 107 in March, the highest reading in the last 12 months, the Foundation for Economic and Industrial Research IOBE said in a report on Wednesday. IOBE attributed this development to an improvement of expectations in the retail commerce an...[More]
Thinking about people whose health condition does not allow them to visit clothing stores to try on and buy clothes, Greek students developed an artificial intelligence application that allows these people to virtually try on a store's clothes at home. [More]
Greek economic outlook remains positive with expectations over economic trends in the country in 2023 and 2024 improving steadily. [More]
The movement of containers from the port of Piraeus began in March 2023, as cargo traffic is steadily increasing globally following the lifting of pandemic-related restrictions in China. [More]
Greek state budget recorded a primary surplus of 3.07 billion euros in the first three months of 2023 helped by a significant increase in tax revenue, the Finance Ministry said on Wednesday.[More]
Greece is among the main EU countries participating in revising the 2023 list of minerals and raw materials, which will be a decisive factor for the European and international economy in the coming decades.[More]
Piraeus Port has the best network availability in the framework of Belt and Road Initiative, according to an international study, presented by the Port Authority (PPA).[More]
Greek tourism is on track to break new records in 2023, following a dynamic performance in the previous year, with early signs justifying optimistic expectations. [More]
The investment grade places Greece on the "radars" of foreign capital, with the food industry gathering high interest. [More]
New deals for floating natural gas storage and regasification units (FSRU) have been sealed by Greek shipowners as demand remains particularly high amid turbulence in the energy landscape. [More]
Despite the global banking turmoil, there is no concern for Greek banks as they have strong capital buffers, according to various expert estimates.[More]
Greece is moving in pre-election pace, as the Prime Minister, Kyriakos Mitsotakis, announced that elections will be held on May 21. Although it seems likely that a second election is necessary for the formation of a government, international analysts do not expect the course of the economy and the goal...[More]
The fleet of Greek ship owners consisted of 4,110 ships, with a total capacity of 349.2 million dwt and 204.3 million gt , according to the updated report of the Hellenic Maritime Cooperation Committee of London (Committee).[More]
Greek company MAST Maritime Services S.A and Zhoushan Huafeng Shipyard, sealed their new collaboration at a special event at the Cultural Center "Stavros Niarchos", in Athens.[More]
Foreign direct investments in real estate increased by 68% in 2022 compared to 2021, according to data recorded by the Bank of Greece.[More]
The Greek market of ready-to-eat meals is developing rapidly. Both the retail and food industries are claiming a share of the "pie", that exceeds 10 billion euros.[More]
Safe Bulkers expects that beginning from next decade alternative green fuels will enter to the shipping industry. This is pointed out in an interview with Naftemporiki by Dr. Loukas Barbaris, the president of the shipping company listed on the American stock exchange.[More]
Greek exports made an impressive beginning in 2023, showing an increase of more than 30% compared to January 2022. This is a development that strengthens the estimation of Greek exporters, for a new record of export activity this year.[More]
Greek GDP grew by 5.9% in 2022, recording the highest quarterly growth rate in the Eurozone, after a 5.2% growth rate in the fourth quarter of 2022 compared with the same period in 2021.[More]
"To dream. If you don't dream it, there's no reason to do it. Any profession if you don't dream about it, there is no reason to do it. And let them reach where they can and where they can't, as Kazantzakis would say."[More]
Kenotom is not a typical case of a Greek company. On the contrary. A company based in Thessaloniki has multinationals in the automotive sector as its clients and is growing steadily, creating jobs and making sure to provide training and motivation to its workforce.[More]
Greek exports are poised to break new records in 2023, after setting new records in 2022, with the aim of surpassing the barrier of 70 billion euros.[More]
Cruise industry is recovering dynamically in Greece, said Mr. Giorgos Koumbenas, the president of the Union of Cruise Ship Owners and Shipping Agencies EEKFN, speaking in conference on the protection of the environment from the emissions of docked ships.[More]
The Athens Stock Exchange was the top performer among 99 stocks markets across the globe in the first two months of 2023, with the general index of the market gaining 21.45% and the market’s capitalization rising by 19.49 billion euros.[More]
Greece's "Archytas project", for the development of UAVs is gaining track. Other similar projects for Greek drones are also making progress. The Minister of National Defense, Nikos Panagiotopoulos, informed the Parliament about the steps that have been taken.[More]
Chinese tourists have already started to make their appearance in the center of Athens, after the reactivation of direct flights, connecting Beijing and Greece. Direct flights between Beijing and Athens have been suspended, due to the pandemic.[More]
The Greek Ministry of Shipping and Island Policy is proceeding with the planning for the replacement of coastal shipping vessels, with the aim of reducing gas emissions and transitioning the fleet towards "green".[More]
Greece is close to the EU-27 average in green transition process and is currently above the EU average in the use of renewable energy sources for heating and cooling, but lags in digital transition, the Centre of Planning and Economic Research KEPE said in analysis report.[More]
Two brothers from Patras (Peloponnese) are entering the global biotechnology market to present a life-saving product: A diagnostic blood test that detects aneurysms, cerebral and aortic.[More]
A memorandum of cooperation signed online between the Shanghai Lujiazui Financial City Council and the Association of Banking and Finance Executives of Hellenic Shipping aims to bring China closer to the financing of Greek shipping.[More]
Greek banks are expected to enjoy increased profitability in 2023, paving the way for the first dividend payment to shareholders since 2008, led by increased revenue from higher interest rates and an estimated significant credit expansion, particularly to enterprises.[More]
Increasing investment during 2023 is the big gamble for the Greek economy, in order to maintain a positive growth rate, given the uncertainty surrounding the Eurozone's growth.[More]
The Olympic Brewery factory in Sindos is evolving into a production and export hub, as the flagship brand of the parent group Carlsberg is produced in Greece. [More]
European and Chinese automobile manufacturers compete for 750 buses for The Athens and Thessaloniki public transport system. At least four European groups and two Chinese will claim the new buses for the urban transport organizations of Athens and Thessaloniki (OASA and OASTH). The competition is promo...[More]
According to the data available to "Naftemporiki", from mid-December until last week, three cargoships, belonging to the Cosco group, have tied up at the major port of Greece, which brought in containers about 4,000 cars. Most of them, according to the information of "Naftemporiki", have already set fo...[More]
More subsidies, less regulation: The EU has to invest billions in green technologies to strengthen Europe as a business hub. According to Commission President Ursula von der Leyen, European Union is going to invest hundreds of billions of euros in climate-friendly technologies to save Europe as an indu...[More]
More than 35 facilities (production plants, distribution and R&D centers) in 12 countries and three continents, employing more than 3,050 people reflect Sunlight's dynamism-a Greek company, targeting the Top in Lithium Energy Storage Systems and Industrial Batteries.[More]
A few days ago, the first prize of the architectural competition for the new Archaeological Museum of Athens at the Plato Academy (Akadimia Platonos) was announced. The winner is the architectural office of Giorgos Tsolakis, whose team guides us through the rationale of the design and the steps towards...[More]
China's contribution to the reshaping of the port-centric freight sector in Greece is significant, with the gradual development of modern freight hubs, which may have direct access to port, rail and road infrastructure.[More]
Things are looking even better for the eurozone economy as a whole. Again, January saw the third rise in the composite S&P Global Composite Purchasing Managers Index (PMI) and a 7-month high,at 50.2 points (+0.9 from the previous month).[More]
After three years of battling with the pandemic it has become clear how important interactive, digital solutions are in the field of health.[More]
The Greek economy has shown a strong performance in 2022 and moves towards a positive 2023 amidst a global geopolitical and economic turmoil.[More]
The significant increase in container handling in the last month of 2022 from the port of Piraeus managed to limit losses on an annual basis, affected by the slowdown in the global economy.[More]
In ancient Greece, the dessert consisted of fruits, sweets and nuts and other delicacies. The apples of Corinth, also called or Ephyra, were also delicious There were also cherries, kumara, pomegranates, medlars (mespila) and berries (moura), blackberries, corromila, melons and watermelons.[More]
Despite challenges and adversities the Greek innovation ecosystem "grows" and evolves. According to data from Elevate Greece, the country hosts more than 600 startups that employ approximately 5,900 employees.[More]
The energy crisis and inflation have made things very difficult for the European economy. According to German economist Marcel Fratzscher, "five risk factors could plunge the eurozone economy into a deep recession": The escalation of the conflict in Ukraine, energy supply problems, a disruption in supp...[More]
Chinese tourist market in Greece is making a dynamic restart through Air China, after the lifting of travel restrictions in China, having already included the direct Athens-Shanghai connection last December, after Beijing." It is another milestone for us in the Greek market, after 2017 when we started ...[More]
The scientific community is working feverishly in every field of science and technology, and the year that has just begun is expected to provide humanity with many important discoveries and achievements. Let's take a look at some of the most important science stations of 2023.[More]
Santorini broke new records in air travel passenger arrivals in 2022 and it is on course to reach new all-time highs this year. [More]
Among a few countries in the world that follow the ageing of wines at the bottom of the sea, Greece will soon be included. A country, with a rich wine tradition, surrounded by the sea, is about to create for the first time the necessary institutional framework with a bill of the Ministry of Development...[More]
Greek chefs and nutritionists recommend traditional veal for New Year’s Eve. From sweet pumpkin and tofu patties, to delicious kourambies, gnocchi and famous Greek melomakarona, for tasty holidays![More]
The Christmas message from central banks in US and EU shook many investors: interest rates on both sides of the Atlantic will continue to rise in 2023.[More]
European Commission has given permission for the German government to support troubled natural gas importer Uniper with up to 34.5 billion euros.[More]
Citizens of third countries will now have to spent more money for the acquisition of the Greek Golden Visa. The Greece Golden Visa Program is a residence by investment program launched in 2013 that enables non-EU nationals and their family members to obtain permanent residence permits in Greece. The re...[More]
The World Cup in Qatar ended with intense and thriller games where in many cases the players of the teams did not manage to resolve their differences in the ninety minutes of regular time and extra time and penalties were needed as happened in the amazing final between Argentina and France.[More]
Twenty-one listed companies on Athens Stock Exchange of mainly large capitalization showed a total net profit of 3.744 billion euros. The companies announced results for the first nine months of 2022, against a profit of 1.47 billion euros for the same period of 2021. The country's largest commercial a...[More]
The opening of the Chinese shipbuilding industry to the construction of LNG carriers is a strong alternative solution for Greek shipowners, who are looking for free slots, which do not exist, in South Korean shipyards.[More]
Greece has always been a marble - oriented country and well known for the superiority of its marbles, together with the great history behind them.[More]
The Greek stock market has managed to return to positive ground in the last month of the year, having spent the biggest part of 2022 in negative territory amid the Ukraine crisis, the energy crisis, high inflation and the continuing pandemic.[More]
2022, a year of international conflict and energy crisis, forced households, businesses, governments and central banks to face the great "enemy": high inflation. This“enemy”will be with us for a long time, warns Themis Themistocleous, head EMEA Investment Office at UBS (United Bank of Switzerland) in...[More]
Chinese market is gradually gaining particular importance to Greek domestic tourism industry, with passenger traffic recording an upward trend from 2014 until today - proving to be particularly resilient even in the midst of a pandemic.[More]
An economic and business conference entitled "Greek Economy and Entrepreneurship - Challenges and Opportunities in an Unforeseen Future" was organized on the 29th of November by "Naftemporiki". [More]
Greece offers an open invitation to anyone that wishes to work in the mother country of great philosophers, history and amazing events.[More]
SPARC is a small Greek company founded in 2016 by researchers who met in research and university institutions. The purpose of the company is the preparation of research studies and the support of organizations and companies that plan, implement and manage operational space missions. [More]
Since ancient times, Greece was very famous in the domain of wellness. The belief in the curative powers of mineral waters goes back to prehistoric times. Although most spas around the world incorporate practices from other ancient cultures, the practices of ancient Greece, inspired by Hippocrates and ...[More]
Greek real estate appears to be particularly attractive for foreign investors. According to data from the Central Bank of Greece, only in the first half of this year, investments reached 788 million euros, an amount increased by 61% compared to the corresponding period last year.[More]
Over 80 orchid varieties are cultivated and exported from Greece by two brothers from Samos, Manos and Nikos Garoufalis in the island of Samos, in Aegean sea.[More]
Greek government's economic staff is proceeding with a redesign of the policy for 2023, as inflationary pressures are still strong, while there are concerns about the evolution of the GDP.[More]
In the midst of Europe's energy crisis, Greece is trying to come to the fore with a leading role in the Eastern Mediterranean region. Seismographic vessels' engines prepare to work at full capacity and the bar of expectations for results from natural gas exploration is rising.[More]
Greek exports hit record high in the period January – September 2022 surpassing a 40 billion euro mark, boosting government revenues and the country's hope to become a more extrovert economy.[More]
The conversion of a medium-sized conventional second-hand ship into a hybrid-electric propelled one is foreseen by a pioneering program of the General Secretariat of Ports, Port Policy and Maritime Investments.[More]
During the last five years Dialectica, which started operating in 2015, has been growing at a rate of 100% per year, profitable with a turnover of 50 million euros (2021). This year it will have an increase of about 40%. It has not received any financing from a bank or investor.[More]
For the last several decades Greek aquaculture sector has gained a leading presence in Mediterranean aquaculture and now, in a new era of its history, it claims even higher performance.[More]
European Central Bank's fight against inflation will not be easy and Eurozone rates will keep rising for a long time, reckons Nichola James, Co-head of Sovereign Ratings, DBRS Morningstar. In an interview with Naftemboriki, she sounds the alarm for a recession in the Eurozone, while pointing out her co...[More]
Energy cargoes are expected to set the "pace" in maritime transport, at least in the next year. According to the latest analysis by Clarksons, maritime trade up to 2023 is expected to increase by up to 4% for energy cargo transport. And this applies to oil, liquefied natural gas and even coal. The non-...[More]
2022 is an upswing for Greek Goldsmithing, Silversmithing and Jewelry, with sales reaching - as the president of the Panhellenic Federation of Artisan Silversmiths, Jewelers and Watchmakers (POVAKO), Petros Kalpakidis, says in "N" - those of 2019.[More]
The Greek logistics sector is moving into a new era of changes with deals and projects worth more than 3 billion euros expected to change the map, as an even growing number of investors and real estate developers turning towards developing logistics infrastructure in the Attica region and beyond.[More]
The energy crisis will probably lead global economy to recession. However recession will be mild and will not last long. That is what the majority of CEOs believe according to a KPMG survey. Greek CEOs are among the most optimistic ones. 82% of them feel confident about the growth prospects of our coun...[More]
A new Metropolitan Park and Prototype City is building in the area of the former international airport of Athens, in Ellinikon, the coastal front of Greek capital.[More]
Strong mobility in the second hand bulk dry cargo market was demonstrated last week by the Greek ship-owners. With the percentage of the bulk carriers’ fleet under construction being consistently very low (6.75%), the pool to meet the capacity demand from shipping companies remains very specific, effe...[More]
There is still a risk that Germany will run out of natural gas next winter, according to the Federal Network Agency. At the same time in France, the ongoing three weeks’ strike at TotalEnergies oil facilities, continues to cause petrol shortages. Situation is improving according to the government, but...[More]
"Wanna feel 20 again? With warm winter temperatures up to 20℃, Greece is the place to be" states one of the billboards slated to appear in London, Berlin, Oslo and other capitals around Europe. It features an image of an older couple lounging on a yacht with wine glasses in hand. [More]
Greece is expected to enjoy one of the highest GDP growth rates among European countries this year and to maintain positive growth rates in 2023 despite the international turmoil, the consequent energy crisis, the high inflation rate and rising interest rates.[More]
Greece is looking towards a “green” future. For the first time in history, the production of electricity from renewable sources in the country has exceeded the production from natural gas, even without taking into account the contribution of large hydroelectric plants. [More]
