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.
Greek tourism is expected to be on an upward trajectory this year, according to pre-bookings, reservations and hotel industry estimates. [More]
The digital channel in the cosmetics sector is on the rise, recording positive performance, especially among young Greek consumers. The transition to online shopping is clear, showing the strong preference of Greek women for digital experience in the consumption sector. [More]
The global leadership of the Greek-owned fleet and the steady downward trend of the Greek flag were both reflected in the data of the Greek Shipping Cooperation Committee in London.[More]
The Tourism Ministry's strategy is focused on establishing Greece as a sustainable destination, Tourism Minister Olga Kefalogianni stated in the international tourism exhibition ITB in Berlin.[More]
Fourteen Greek listed companies have already published their financial results, showing a cumulative profitability of over 7.9 billion euros, an increase of at least +9% compared to the previous year.[More]
The rekindling of Greek shipowners' interest in investing in containerships is reflected in the recent surge of new orders. [More]
In view of the strong growth in passenger traffic, the management of the Athens International Airport is proceeding with a strategic acceleration of the phases of the "Airport Expansion Program," with the terminal expansion plan incorporating the 33MAP and 40MAP expansion phases.[More]
METLEN is gaining a leading role in the international metals market by entering into a dual top-level partnership with the multinational giant of the industry Rio Tinto, ensuring the supply of bauxite and the disposal of the produced alumina.[More]
Athens International Airport (AIA) announced total revenue increased by 10.2% to 665.5 million euros in 2024 compared to 603.72 million in 2023.[More]
The Clean Maritime Fuels Platform, which represents European shipowners and fuel suppliers, stressed in a statement the need to develop a European supply chain for clean marine fuels.[More]
The Greek economic sentiment index rose to 108.1 points in January from 101.6 points in December and 101.0 points in the same month last year, the Foundation for Economic and Industrial Research (IOBE) said in a report. [More]
An increasing number of cruise lines are choosing the port of Piraeus as their starting point and homeport for their voyages. [More]
One in four orders for tankers in 2024 came from Greek companies, according to data from Veson Nautical, with Greek shipowners ranking first in energy product carriers.[More]
Greek businesses have made a dynamic "entry" into 2025, confirming the positive prospects of the domestic economy. [More]
Naftemporiki, a Greek daily business newspaper, presented an English-language album entitled "The GREEKS: Masters of the seas sharing their life story" at the headquarters of Bayes Business School in the City of London. The album honors Greek shipowners with an entrepreneurial spirit at an internationa...[More]
XRTC Business Consultants and the China Classification Society (CCS) cut the New Year's cake in the presence of the new ambassador of the People's Republic of China to Greece, Fang Qiu, and representatives of the shipping community.[More]
Investment interest in the tourism and hotel sectors in the region of Eastern Macedonia and Thrace has rapidly increased recently, mainly on the coast of Kavala and Thassos, with a strong presence of foreign companies from Bulgaria to the Netherlands, Iran and Turkey. [More]
Greece's shipping industry maintains a leading role in the energy transport sector at a global level, with tankers dominating for another year and the value of the blue and white fleet exceeding 70 billion dollars.[More]
Greek Tourism Minister Olga Kefalogianni stressed the importance of green transition in the tourism sector, describing it as crucial for achieving sustainability and environmental protection. [More]
Chevron's decision to explore new natural gas deposits in the Greek seas marks a new chapter in Greece's hydrocarbon research and development, highlighting Greece’s role on the global map.[More]
35 million foreign tourists visited Greece in January-November 2024, boosting tourism revenues to 21.27 billion euros, according to data announced by the Bank of Greece (BoG).[More]
The Minister of Social Cohesion and Family revealed measures to strengthen social cohesion and address demographics as well as to protect children and the vulnerable groups, said Sofia Zacharaki, in an interview with Naftemporiki and Michalis Psilos.[More]
The preparations for the construction of The Ellinikon Mall, the country’s largest shopping center in Elliniko, with a leasable area of 100 thousand sq m and 350 stores, are in the final stretch.[More]
Modern coastal transport for the sustainable development of the islands, against the backdrop of the increased cost of the sector’s transition to a greener future, was outlined during a conference held by the Greek Shipowners Association for Passenger Ships (SEEN).[More]
The National Museum of Underwater Antiquities, which is under construction in the port of Piraeus, is expected to open its gates in 2026. It will become a top cultural landmark for the country’s largest port, showcasing the treasures of the Greek seas. [More]
Greece is constantly strengthening its position as a shipping center. In the wider Athens and Piraeus area, approximately 600 shipping companies are based, managing more than 5,500 commercial vessels, making Greece the largest ship management center in the world.[More]
The Greek shipbuilding industry is undergoing a widespread refurbishment in 2025. However, it faces new challenges and opportunities, as shipping has already begun its journey towards the green transition, in view of the new environmental regulations.[More]
2024 marked a milestone year for Greece's shipyards—Skaramangas, Syros and Elefsis.[More]
The Athens stock market is completing its 4th consecutive positive year, with cumulative profits for 2021-2024 reaching an impressive +80.02%, despite international challenges and buying fatigue. [More]
The strategy and initiatives for sustainable tourism development, with Greece emerging as a global model of quality, authenticity and sustainability, were presented by Tourism Minister Olga Kefalogianni during her speech at the Annual Conference of the Greek Tourism Confederation (SETE). [More]
The Piraeus Port Authority (PPA) received the True Leaders business award and the "ESG Leading Award Company of the Year."[More]
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]
