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 has been named "Star Destination for Families" at the Travel Bulletin Star Awards 2026, following a vote by travel industry professionals in the United Kingdom. The awards ceremony took place in London.[More]
Piraeus Container Terminal (PCT) recorded an 11.4% increase in container throughput at Piers II and III in the third quarter of 2026, with COSCO Shipping Ports attributing the performance to stronger demand in the Mediterranean region.[More]
November is packed with important dates for the Greek stock market, which is seeking to reshape its investment profile following its recent reclassification as a Developed Market by FTSE Russell.[More]
Small and medium-sized businesses in Greece's food and catering sector are developing into more institutionalised businesses with an international outlook.[More]
Maritime and Insular Policy Minister Vassilis Kikilias signed a €23.8 million contract for the procurement of seven new high-speed patrol boats for the Hellenic Coast Guard.[More]
The newbuilding boom continued unabated in October, with Greek shipowners once again leading global activity, placing 40 new orders, excluding options included in the agreements.[More]
The summer 2026 season for Greece’s professional yacht charter market ended on a positive note, confirming yachting’s strength as one of the most important and high-value segments of Greek tourism, with a share of the international yacht charter market exceeding 20%.[More]
With the new Daedalus supercomputer inaugurated in Lavrio, Greece is securing the computing power needed to develop advanced artificial intelligence (AI) models and reduce its reliance on foreign infrastructure.[More]
Greece, with its incredible wealth of unique natural ingredients and the high calibre of its scientists, could achieve the same kind of success as South Korea if a similar collective strategy were in place, said Athanasios Petmezas, a pharmacist, producer and founder of cosmetics company Epidermia.[More]
METLEN, Thales Alenia Space (Thales 67% – Leonardo 33%) and Thales Hellas announced that they had signed a cooperation agreement aimed at jointly preparing for future opportunities under Greece's defence satellite communications programme, according to information available to Naftemporiki.[More]
The 20th Annual Conference on Maritime Technology of the Hellenic Institute of Marine Technology (ELINT) opened amid the challenges of green transition, digitalisation, artificial intelligence and rising investment requirements.[More]
Proposals submitted by Greek companies ElvalHalcor and Hellas Gold have been included in the European Union's new list of projects under the Critical Raw Materials Act (CRMA), which aims to strengthen the bloc's supply of critical raw materials.[More]
Greek defence companies are being urged to capitalize on the European defence industrial ecosystem. By leveraging cross-border partnerships and interoperability, firms can seize the opportunities within the European Defence Projects of Common Interest (EDPCIs) under the European Defence Industry Progra...[More]
The Greek-owned orderbook has passed the 1,000-vessel threshold. Greek shipowners are pursuing a massive shipbuilding programme which, according to a Xclusiv report, reached 1,005 vessels across all main ship types at the end of September 2026.[More]
Greece participated with a national pavilion at WindEnergy Hamburg 2026, a leading international exhibition for wind energy, held in Hamburg.[More]
Panagiotis Paschalakis, CEO and co-founder of Quality & Reliability (QnR), said the company aims to become a new regional technology powerhouse that goes beyond Greece's borders, extending from Central, Eastern and Southeastern Europe to the Middle East and the Arabian Peninsula.[More]
Piraeus Port Authority (PPA) celebrated the Mid-Autumn Festival, one of China's most important traditional celebrations, also known in Greece as the Moon Festival.[More]
Greece must move ahead with the immediate establishment and approval of a 15-year program for the construction of Hellenic Navy ships and submarines in Greece.[More]
Greece ranks second in Europe in terms of marble production and the marketing of marble products. More than 80% of the country's marble output is exported, with 73% of those exports originating from northern Greece.[More]
Greece welcomed more than 20 million foreign visitors in the first seven months of the year, while tourism receipts jumped to €13.52 billion.[More]
Greece's shipowning sector is attracting the international banking community in Athens.[More]
Greece has joined the European initiative to develop Artificial Intelligence (AI) Gigafactories with €350 million from the Recovery Fund.[More]
Greece, Cyprus, Malta and Italy signed a declaration reaffirming their joint efforts to support the competitiveness of European shipping, while safeguarding the interests of their citizens and economies of their respective countries, during the 9th Trilateral Meeting of the Ministers responsible for ...[More]
The second round of reviews of Greece’s sovereign credit rating began a few days ago, with DBRS upgrading its outlook for the Greek economy. Two rating agencies, Moody’s and Scope Ratings, will take their turn on September 18.[More]
Greece plans to make additional early debt repayments of at least €5 billion in 2027, while keeping bond issuance limited to no more than €7-8 billion.[More]
The future of the Greek economy, driven by Artificial Intelligence, high technology and targeted value-added investments, was at the centre of discussions held at the Hellenic Growth Agora of the GrowthFund, as part of the 90th Thessaloniki International Fair (TIF).[More]
A country's geography can be turned into a strategic advantage. Europe is at such a historic turning point, and Greece has an opportunity to become a key player in the new energy architecture, said Ioannis Tsamichas, lawyer and President of the Hellenic-Italian Chamber of Commerce of Athens.[More]
The Piraeus Chamber of Commerce and Industry (PCCI) has analyzed the economic impact of the war in the Middle East, six months after the conflict began.[More]
Piraeus Port Authority (PPA) is continuing to promote education and knowledge by bringing students and academics closer to the operations of a modern port.[More]
A Memorandum of Understanding (MoU) signed between ICEYE and Adamant Composites paves the way for the joint development of industrial capabilities aimed at large-scale satellite manufacturing, with Greece at the center of the effort.[More]
Fitch Ratings has placed Greece, Cyprus and Portugal under the microscope to explain how three economies that were at the heart of the eurozone debt crisis managed to secure three rating upgrades each since 2022. In Greece’s case, the distance travelled is particularly significant: from restricted d...[More]
Container traffic at Piraeus Port's piers II and III is recovering as containerships gradually return through the Suez Canal, reducing diversions around the Cape of Good Hope.[More]
The Department of Tourism Studies at the University of Piraeus has announced the launch of a Master of Science (MSc) programme entitled "Digital Transformation and Innovation in Tourism", which will admit its first students for the academic year 2026–2027. According to the university, it is the first ...[More]
COSCO Shipping and Costamare are marking 20 years of cooperation, commemorating the anniversary of the naming ceremony of the container ship COSCO Hellas.[More]
The European Union has launched a call for proposals to select up to seven artificial intelligence gigafactories, paving the way for Greek utility PPC to submit a bid for a facility in Western Macedonia.[More]
As a country, Greece over the years has established its philoxenia, a long tradition that depicts genuine hospitality and warmth for its visitors, thus its recognition of it. Greek Hospitality, unlike destinations in other countries, is primarily roots in both human interactions and personal relation...[More]
Long before the windows of Rome’s Via Condotti glittered with jewels worn by queens, Hollywood legends and billionaires, a family of Greek silversmiths from the rugged mountains of Epirus had watched its world collapse—not once, but twice. Twice they lost everything. Twice they were forced to begin...[More]
Economic relations between Greece and China are showing renewed momentum in 2026, with Greek exports to the world's second-largest economy posting a sharp increase, Chinese investment interest remaining resilient and tourism emerging as one of the most promising areas for bilateral cooperation.[More]
Greece's beauty and wellness industry is on a growth trajectory, with personal care evolving into a significant contributor to the country's services economy, according to data from online beauty booking platform Treatwell.[More]
The platform for the 2026-2027 program of the Tourism Ministry will open in early August, targeting a larger number of potential beneficiaries while allowing the associated digital card to be used for a longer period (until Dec. 31, 2027) compared with previous programs, Tourism Minister Olga Kefalogia...[More]
The Greek islands continue to draw fierce international interest for luxury real estate, pushing elite property prices to a staggering €14,000 per square meter, according to Engel & Völkers Greece 2026 Market Report.[More]
Greece's first domestically developed unmanned combat aerial vehicle (UCAV), developed by drone manufacturer ALTUS-LSA in partnership with European missile maker MBDA, is entering the final phase ahead of live-fire testing.[More]
The Piraeus Port Authority (PPA) hosted students from the Shanghai Maritime University as part of a summer school programme held under a memorandum of cooperation with the Athens University of Economics and Business, specifically its MSc in International Shipping, Finance and Management.[More]
Global orders for new tankers are reaching record levels, with Greek shipowners playing a leading role in the latest ordering boom.[More]
Greece recorded the European Union's highest implicit tax rate on labour in 2024, the largest increase in the share of VAT in total tax revenue between 2014 and 2024, and the highest environmental tax revenue as a percentage of GDP, according to the European Commission's Annual Report on Taxation 2026.[More]
PPA S.A. continues to invest systematically in the sustainable development and modernization of the Port of Piraeus by integrating environmental, social and governance (ESG) principles into its corporate strategy and operations.[More]
Europe is entering a new era marked by growing geopolitical challenges, efforts to strengthen the continent's defence industrial base and the rollout of new funding mechanisms. For Greece, this creates what Demosthenis Giannikos, Defence Sector Manager at BSS, describes as a historic opportunity.[More]
The Piraeus Chamber of Commerce and Industry welcomed an initiative by Deputy Interior Minister for Macedonia and Thrace Kostas Gkioulekas aimed at strengthening the link between Greece's maritime sector and Northern Greece's economy.[More]
The third edition of the Greek Space Tech Forum 2026 (#GSTF26) arrives at a milestone moment for Greece's space sector, marking 20 years of the country's membership in the European Space Agency (ESA) and celebrating the completion of the National Microsatellites Programme, funded through the European U...[More]
The container shipping market is entering a period of deep structural realignment as global trade gradually shifts away from traditional long-haul routes toward more flexible, regionally driven networks.[More]
Plans for Greece’s first-ever mission to send an astronaut to the International Space Station were discussed at a meeting chaired by Prime Minister Kyriakos Mitsotakis at the Maximos Mansion, after Adrianos Golemis officially began astronaut training with the European Space Agency.[More]
Greek banks have moved beyond the crisis years, now aligning with their European counterparts, as they strengthen capital buffers, sustain robust profitability, and continue to improve asset quality.[More]
Greek Defence Minister Nikos Dendias stressed the need for a far-reaching overhaul of Greece’s defence model, linking national security to innovation, industrial production and economic self-sufficiency.[More]
Artificial intelligence and workforce upskilling are emerging as key drivers of productivity growth for businesses in Greece, according to new findings from a ManpowerGroup survey.[More]
More than 1 billion euros in investments over the next three years will be mobilised through the Hellenic Innovation and Infrastructure Fund (HIIF), Deputy Prime Minister Kostis Hatzidakis said at the Growthfund Investor Summit 2026.[More]
Despite the significant imbalance in bilateral trade, new protocols and agreements are paving the way for stronger Greek exports of food and fishery products to the world's largest food-importing market.[More]
Greece's mining and quarrying sector remained one of the most dynamic and export-oriented segments of the national economy in 2025, underscoring the strategic importance of mineral raw materials for industrial development, the energy transition and Europe's drive for greater autonomy in critical raw ...[More]
Market representatives have welcomed the U.S.-Iran agreement as a "summer gift" for the Greek economy, raising expectations for lower energy costs, softer inflation, more favorable financing conditions and stronger consumer spending.[More]
Hyperion GR1 will be the first satellite of Greece’s Hyperion constellation to be placed into orbit by the company. The 100-kilogram satellite will provide imagery with a resolution of 90 centimeters in the panchromatic spectrum and will feature onboard artificial intelligence capabilities for data pr...[More]
Greek-owned shipping retains its top global position, operating a fleet of more than 5,800 vessels and holding an orderbook of over 900 state-of-the-art ships.[More]
Investments in the Port of Piraeus have exceeded 10 billion RMB during the past decade under COSCO SHIPPING's management, while the port's international standing, overall competitiveness, and global influence have continued to strengthen, Chinese Ambassador to Greece Fang Qiu told Naftemporiki.[More]
The Greek-owned shipping industry is a vital strategic asset for both Greece and Europe and it must be safeguarded, particularly at a time when its geopolitical importance is more evident than ever, Prime Minister Kyriakos Mitsotakis said in his address at Posidonia 2026.[More]
The Port of Piraeus continues to show resilience in container handling amid trade disruptions linked to tensions in the Middle East.[More]
Greek agri-food is entering a new era where technology, data and coordinated promotion act as catalysts for strengthening the international presence of Greek products, as evidenced in two events held in Athens and Thessaloniki under the "Extrovert Agriculture" initiative.[More]
Chief Executive Officer of National Bank of Greece, Pavlos Mylonas addressing the challenges facing systemic banks in the new era, warned that Cybersecurity is the major issue that deserves far more rigorous attention.[More]
Business turnover in Greece recorded positive growth in the first quarter of 2026, according to data released by the Hellenic Statistical Authority (ELSTAT).[More]
Minister of Maritime Affairs and Insular Policy Vasilis Kikilias called on Europe to reassess its strategy towards shipping, energy, and industrial self-sufficiency during his address at Naftemporiki’s 10th Shipping Conference.[More]
Piraeus Port Authority (PPA SA) announced that despite volatility in global logistics driven by geopolitical tensions in the Middle East, the company demonstrated significant resilience, maintaining a significant liquidity position and advancing its strategic investment plan.[More]
Greek shipping is in the midst of an investment boom, with the country's shipowners now holding an orderbook of 818 vessels currently on order, according to the annual survey by Petrofin Research on the financing of Greek shipping.[More]
The benefits of Greece's digital transition could reach up to 23 billion euros over the next decade, according to an analysis by the National Bank of Greece.[More]
The Greek flag maintained a strong quality profile in a year when the Tokyo MoU recorded the highest number of inspections in its history.[More]
Panos Xenokostas, President of the Hellenic Shipyards Association and Chairman of ONEX Shipyards & Technologies Group, called on Europe to assume its responsibilities and take immediate action to accelerate the revival of European shipbuilding on the global stage.[More]
Cruise activity in Greece is set to strengthen as five cruise ships set sail from the Persian Gulf, three of which are scheduled to operate home-porting services from Greek ports.[More]
Greece’s powerful shipping industry was forged through hard work, boldness and entrepreneurial drive, by people who turned the sea into a source of national strength, Development Minister Takis Theodorikakos said in an address at a Maritime Club luncheon in Piraeus.[More]
Artificial intelligence is no longer a tool of the future. It is already here—quietly transforming the way we search for information, organize our work, and make decisions.[More]
As the Greek economy continues to move beyond the crisis years and regain international investor interest, the transformation of the Athens Stock Exchange into Euronext Athens takes on particular significance - not merely as a business transaction, but as a strategic repositioning of the country on E...[More]
Greek tourism has recorded strong performance in the first two months of the year, with both travel receipts and visitor arrivals posting impressive growth, according to the Bank of Greece (BoG).[More]
The Port of Piraeus is resilient to the disruptions caused by the conflict in the Middle East on global supply chains.[More]
After nearly half a century, Greece is set to resume offshore natural gas drilling in February 2027 —ten months from now—with the first operation since the Prinos well, according to Energy and Environment Minister Stavros Papastavrou, speaking in an interview with Naftemporiki's vidcast and journa...[More]
An activation drill of the PPA Spillage Contingency Plan was conducted at the Cruise Terminal of PPA S.A., simulating a sea pollution incident.[More]
March 2026 closed with a record number of 838 Greek-owned deep-sea vessels on order. The pace at which the Greek orderbook is growing is remarkable.[More]
Fiber-to-the-home (FTTH) network coverage in Greece has reached 65% of the territory, while service penetration stands at 23%.[More]
The Greek fur industry has entered a recovery phase since the beginning of 2026, driven by a surge in wholesale demand from external buyers following the highly challenging conditions of 2025.[More]
Enterprise Greece organized the largest national participation to date, featuring 15 Greek companies actively engaged in the maritime sector, at the 19th Asia Pacific Maritime (APM) 2026, held on March 25-27, 2026 at Marina Bay Sands.[More]
The Piraeus Port Authority S.A. (PPA) demonstrated strong resilience and reached new all-time highs in 2025, reaffirming its role as a key pillar of the Greek economy and the global supply chain.[More]
Greek shipowners – widely regarded as the "masters of the seas" – are once again demonstrating their unrivaled expertise in the art of the "asset play".[More]
Greek banks are in a much stronger position today than they were a decade ago, Claudia Buch, Chair of the Supervisory Board of the ECB, said in an interview with Naftemporiki, conducted by Michalis Psilos.[More]
Greek hospitality entrepreneurs are growing increasingly optimistic about their future, with the business climate now noticeably stronger than in previous years - surpassing the EU average for the first time.[More]
The development of smart applications is a one-way path for Greek ports, offering significant benefits in terms of resilience during times of crisis, while state bureaucracy often acts as a constraint on these efforts.[More]
Greek shipowners have proceeded with new shipbuilding programs in the first two months of 2026, close to the levels of 2007, when they placed 560 new orders.[More]
Greece was at the top of global yachting in 2025. Riginos Yachts, a company with years of activity in the sector, presented the official market data for 2025, highlighting Greece as the absolute leader of global yachting.[More]
2025 was recorded as a milestone year for the mergers and acquisitions (M&A) market in Greece, with the total value of transactions soaring to 23.8 billion euros compared to 12.5 billion a year earlier.[More]
The time has come for Greece to explore if nuclear modular reactors can play a role in its energy system, Prime Minister Kyriakos Mitsotakis said in a conference on nuclear power held in Paris, adding that a top-level ministerial committee will be set up to make recommendations on the issue.[More]
During a ceremony held at the Greek Ministry of Climate Crisis and Civil Protection, in the presence of the Minister for Climate Crisis and Civil Protection, Giannis Kefalogiannis, Greece and Canada formally sealed the agreement for the implementation of the contract on Tuesday, March 10.[More]
The port of Piraeus completes ten years of cooperation with COSCO SHIPPING, with the Piraeus Port Authority S.A. noting in a related post that the last decade has marked a period of intense transformation and development for Greece's largest port.[More]
Hellas Sat is evolving into a critical European infrastructure after France, Cyprus and Greece signed a cooperation agreement for the Hellas Sat 5 satellite program.[More]
Greece's manufacturing sector recorded a stronger recovery in February, according to the latest S&P Global PMI data.[More]
The Greek fleet made more than 160,000 port calls in 174 countries in 2023, underscoring the sector's global footprint and geoeconomic importance.[More]
The image of the Greek economy is improving noticeably in terms of fiscal figures, but its long-term dynamics remain inextricably linked to the demographic problem. This was one of the key points highlighted in an Oxford Economics webinar, which Naftemporiki.gr attended.[More]
The demand for cruises in the Greek market remains high, even recording further growth, according to data presented at a press conference.[More]
The significant strengthening of Greek tourism’s competitiveness at an international level after the pandemic is confirmed by the 2025 performance, while the prospects for 2026 are also positive, Alpha Bank estimated in its analysis.[More]
The Greek-owned fleet, which according to the latest data from the Union of Greek Shipowners represents 19.1% of global transport capacity, is a strategic pillar of the economies of Europe, the United States and China.[More]
The port of Piraeus is maintaining a wait-and-see approach as the shipping market continues to anticipate the full resumption of containership traffic through the Suez Canal – a development that is now clearly reflected in the latest figures.[More]
Greek exports of petroleum products increased by 725.6 million euros, i.e. 2%, and the corresponding value without petroleum products and ships increased by 793.6 million euros, i.e. 2.2%, compared to the corresponding period in 2024. In December alone, exports recorded only a marginal year-on-year inc...[More]
“Shipping must be preserved as the guardian of international trade and global prosperity,” said Melina Travlou, president of the Union of Greek Shipowners, in her speech at the annual general assembly.[More]
"Greece and China have embarked on a joint journey of cooperation for many years and today's roundtable discussion creates a platform for an open, friendly dialogue, aiming to strengthen mutual understanding between the two countries," said Chinese Ambassador to Greece Fang Qiu, speaking at a recent co...[More]
The Unmanned Semi-fixed Sea Platforms for maritime Surveillance (USSPS) program, in which Greece actively participates through ETME, represents one of the most ambitious and innovative links in the European defense and shipbuilding chain.[More]
The Hellenic Center for Defense Innovation has launched the Pitch Arena for companies within the dual-use technology ecosystem.[More]
Greek shipowners placed 47 new ship orders in Asian berths in the first 31 days of the year. It is noted that during the same period in 2025, Greek orders were only eight.[More]
Chinese and Greek shipping companies have resumed services through the Suez Canal, which has seen a sharp decline in transits due to Houthi attacks on commercial vessels in the Red Sea.[More]
Piraeus Container Terminal’s (PCT) social strategy focuses on sustained investment in education and the next generation, with knowledge as a key driver of opportunities and sustainable development.[More]
The strategic planning for Greek ports and marinas is entering a crucial phase, with the Growthfund preparing to announce the contractor for the holistic study for the entire port portfolio of the country.[More]
The regional governor of Attica, Nikos Hardalias, participated in the international boat show and watersports exhibition “BOOT Düsseldorf 2026”, in Düsseldorf, Germany, within the framework of the strategic extroversion and the systematic promotion of Attica as a modern, competitive and sustainable...[More]
The port of Piraeus opened the 2026 cruise season with strong momentum, marking another year of strong presence on the map of the Eastern Mediterranean.[More]
The port of Patras also, is now entering a new development trajectory, following the approval of the master plan by the Council of State, a development that removes a multi-year institutional impasse and paves the way for the implementation of critical investments.[More]
Greek hydrocarbons are expected to dominate energy news, with a first key "milestone" to be marked at the dawn of the year with the ratification of the contract with Chevron by the Greek Parliament.[More]
The economic importance of the Piraeus logistics supplying cluster is significant for the Greek economy. The concentration of logistics, transport and shipping services businesses in the wider Piraeus area and Western Attica creates direct and indirect jobs, attracts investments and boosts public reven...[More]
The new European policy and financing tools, and in particular the Multiannual Financial Framework /MFF 2028-2034 as well as the European Competitiveness Fund (ECF), are expected to be of decisive importance for the medium-term implementation of Europe's defense strategy, as highlighted in the 3rd Annu...[More]
The Greek orderbook is expected to exceed the 700-ship mark in 2025 for the first time in a long period, as 727 vessels are currently under construction, confirming Greece’s leading role in shaping the global fleet of the next decade.[More]
The Athens Stock Exchange is entering 2026 with investors maintaining a cautiously optimistic outlook, supported by expectations that the ongoing bull market will continue, after delivering cumulative gains of more than 162% over the past five years.[More]
The critical geopolitical dimension of energy was reflected in developments in 2025, with Greece occupying a better position on the European energy map in its first year as a potential LNG transit hub and with the prospect of becoming a hydrocarbon producer.[More]
2025 was a year of significant developments for banks, as they set out on a full return to normality, shaking off every trace of the crisis from their balance sheets and business plans after a decade.[More]
Greek-owned shipping stands at the top of the world with 5,691 ships, confirming its leading role in global maritime trade at a time of heightened uncertainty and ongoing challenges.[More]
The president of the Hellenic Association of Space Industry (HASI/EVITIDE), Athanasios Potsis, referred to the maturation and international consolidation of the Greek space ecosystem, noting that the domestic space industry, after two decades of systematic effort under particularly demanding conditions...[More]
Greece's dominance in the tanker sector is confirmed by Veson Nautical's annual report for 2025, as one in four ships under construction is of Greek interest.[More]
Strong messages about Greek business were sent out at the Diamonds of the Greek Economy event, which was organized for the 22nd consecutive year by "Naftemporiki".[More]
The Digital Economy Forum 2025: “From Vision to Impact”, organized by the Federation of Hellenic ICT Enterprises (SEPE), highlighted the future of digital transformation in both public and private sectors, the applications of Artificial Intelligence, the footprint of the digital industry in developme...[More]
In a period of shifting international cargo flows, Piraeus is once again emerging as a hub of global trade, as the gradual normalization of the Suez Canal creates strong prospects for the return of cargo and the strengthening of its transit flows.[More]
Greece once again proved its international leadership in shipping, with 17 individuals included among the 100 most influential personalities of 2025 in global shipping, according to Lloyd’s List.[More]
The global leadership of Greek shipping was highlighted at the 22nd Lloyd's List Greek Shipping Awards.[More]
Almost 80 years ago, in 1947, Alexandros Baltatzis, a Pontic refugee and reformer of the agrarian movement in modern Greece, founded the Cooperative Union of Tobacco Producers of Greece (SEKE) in his hometown of Xanthi – the first anonymous cooperative society of tobacco producers in Greece.[More]
The port of Corfu recorded strong growth, confirming its role as a powerful maritime hub in the Adriatic.[More]
The Minister of National Economy and Finance, Kyriakos Pierrakakis, referred to demographics and the government’s support policies in a post on social media, saying: “The demographic issue is an existential challenge for Greece.”[More]
As the heads of the listed companies reported, the 4th investment conference of HELEX and Morgan Stanley was the top one since the institution began in 2006 and the culmination of this effort include the recent acquisition of the Stock Exchange by Euronext, as well as the locking of the date of Athens'...[More]
By Antonis Tsimplakis “The Greek-Chinese cooperation is not only based on business synergies, but also on the constant strengthening of the ties between the two peoples. The success of this cooperation is reflected in tangible, mutual benefits and shared development prospects, which form a strong st...[More]
At a particularly critical juncture for international shipping, Greece underscored its long-standing maritime role as Minister of Maritime Affairs and Insular Policy, Vasilis Kikilias, addressed the 34th Ordinary Session of the International Maritime Organization (IMO) Assembly in London.[More]
The creation, support, and deployment of innovative Artificial Intelligence (AI) technologies, along with the strengthening of research, entrepreneurship, and the country’s digital development, are the goals of the company AI Factory Pharos.[More]
The ambitious goal of reducing the debt-to-GDP ratio to 119% — almost 100 percentage points lower than the pandemic's historic high — will be incorporated into Greece's multi-year budget.[More]
Generation Z is an educated but precarious generation, working with low wages, diminished expectations and the looming risk of a renewed brain drain, according to a survey by the GSEE Labor Institute.[More]
Greece's participation in Europort 2025—the leading international exhibition for special purpose vessels, held November 4-7 at the "Ahoy" exhibition centre in Rotterdam, the Netherlands—was once again supported by Enterprise Greece.[More]
Greek defense companies are participating in an interdisciplinary military exercise in Alexandroupolis, conducted under the "Parmenion" framework.[More]
“Connection, cooperation and the promotion of investment and development agreements in shipping and port infrastructure will help strengthen regional stability, provide security and bring prosperity to our countries,” Minister of Maritime Affairs and Insular Policy, Vassilis Kikilias, said at the “T...[More]
The performance of the Greek startup ecosystem in terms of funding rounds and investment interest is currently close to last year's levels.[More]
The demand for Greek silk from fashion houses and European businesses in general is increasing, and the two main Greek silk factories in the Soufli region of Evros are investing in boosting their production.[More]
Orders for new bulk carriers from Greek shipowners rose significantly in October. This was preceded by a nine-month period when no new orders for cargo ships were recorded from Greek shipowners for the first time in decades.[More]
As a country, we must rely on our own strengths,” said Evangelos Mytilineos, President and CEO of METLEN ENERGY & METALS, in a discussion with the director of naftemporiki.gr, Michalis Psilos, during the 4th Naftemporiki Economic Conference.[More]
The development of the Greek space industry is entering a new phase, prioritizing domestic microsatellite production, the construction of a large satellite and the operation of a government space hub—all aligned with a strategy that integrates space technology into everyday life.[More]
The real estate market is entering a more mature and balanced phase. At Prodexpo 2025, industry executives predicted further but milder price rises after the sharp post-pandemic surge.[More]
Greece can become a gateway for transport, trade, and security for the entire Eastern Mediterranean region, emphasized Professor of International Law and New Democracy MP Angelos Syrigos, among others, during a meeting organized by the Greek Retailers Association.[More]
The decision to postpone the vote for one year on the proposed roadmap for the decarbonization of shipping (Net Zero Framework) is a new opportunity for "the formation of a sustainable and effective international framework, which will lead shipping safely and realistically to the green transition," the...[More]
Greek banks are returning to normality after a decade of crisis, with the repurchase of their insurance companies, banking sources told Naftemporiki, following Eurobank’s deal with Fairfax for 80% of Eurolife (Life).[More]
Greece remains among the first EU countries in implementing the Recovery Fund, as the European Commission is expected to give a positive assessment of Greece's sixth request for a €2.1 billion grant payment submitted in July, Alternate Minister of National Economy and Finance, Nikos Papathanassis, said.[More]
Prominent Greek shipowners levelled against the measures proposed by international organizations and the “bureaucracy” regarding green shipping during the Maritime Cyprus 2025 Conference.[More]
The Greek orderbook recorded another notable increase in September, led by containerships and tankers, reaffirming the strategic focus of Greek shipowners on two of the most dynamic sectors in global shipping.[More]
In a period of geopolitical turmoil and European changes, the new president of the Hellenic Ports Association (ELIME), Apostolos Kamarinakis, is drawing up a strategy with four axes: green transition, digital transformation, interconnection with land networks and institutional representation.[More]
Establishing a stable financial framework by the State - one that offers strong incentives to investors - is essential for unlocking the country's geothermal potential and enabling its meaningful contribution to electricity generation.[More]
The Corfu Port Authority S.A. announced its participation in the ARGONAUT project, a cross-border initiative within the framework of the Interreg VI-A Greece-Italy 2021-2027 program, which aims to promote sustainable shipping and “green” maritime tourism.[More]
The surplus value of Greece’s domestic fish farming sector is steadily eroding, hindered by delays in finalizing the Special Spatial Plan for Fish Farming.[More]
Greek listed shipping companies announced revenues exceeding 4.17 billion dollars in the first half of the year and net profits of more than 1.8 billion, confirming the leading position of Greek shipping in international markets.[More]
Northern Greece is positioning itself as a leader in innovation, with a series of Technology Parks, Innovation Zones and related bodies that are now entering the implementation phase, utilizing mostly resources from the Recovery and Resilience Fund as well as private capital.[More]
The contribution of shipping to green transition is highlighted in a post by the President of the Union of Greek Shipowners Melina Travlou.[More]
The port of Corfu has won a significant international distinction, ranking first in Greece, among the Top 10 in Europe and 19th worldwide, according to research by the Australian service comparison platform Compare the Market Australia.[More]
The importance of tugboats for the safety and smooth operation of European ports, as well as the need to boost investments for the renewal of the fleet with green technologies and emergency equipment, dominated a letter sent by the Association of Tugs, Salvage, Antipollution and OSVs to the European Co...[More]
Apostolos Tzitzikostas, EU Commissioner for Sustainable Transport and Tourism, underlined Greece’s role as a hub for trade, energy and security in the Mediterranean at the“Naftemporiki” Forum.[More]
The creation of a specialized organization to promote “green” investments in coastal shipping, including new shipbuilding, is proposed by George Xiradakis, president of the Association of Banking and Financial Executives of Hellenic Shipping and founder of XRTC Business Consultants.[More]
The Greek orderbook sustained its impressively high levels for another consecutive month, reaffirming the leading role of Greek shipowners in the global shipping industry.[More]
Greece needs to acquire a modern oceanographic research vessel as soon as possible, the country's representative to UNESCO, Georgios Koumoutsakos, said in an interview with Naftemporiki.[More]
The Greek startup ecosystem is claiming a share of international funding, with 2024 showing improved returns despite some losses compared to previous years. It is encouraging that Athens, Thessaloniki, Heraklion, and Patras are included in the international map of startup ecosystems, albeit with a dro...[More]
The LNG carrier market is at a crucial crossroads. On the one hand, global demand for liquefied natural gas continues to strengthen, fueled by Europe's need to diversify its energy sources following the conflict in Ukraine, as well as by Asian countries' strategies for energy security.[More]
The global cruise industry is returning to a growth trajectory, supported by strong pre-bookings and positive forecasts for 2025, with major investments in both new ships and the renovation of the existing fleet.[More]
The course of the Greek economy and its upgrades by multiple rating agencies led to the improvement of all Greek banks' investment position, since they seem to have firmly left the decade of the financial crisis behind them and uplifted their credit profile.[More]
Airlines are intensifying competition with new direct flights in a bid to increase their market share on routes from America to Greece.[More]
Practical guidance for both organizations adopting Artificial Intelligence and professionals who want to adapt and evolve in the era of generative and agentic AI is offered by the research of Experis “Future Forward: Building and Maintaining a Meaningful Career in the Age of Artificial Intelligence”,...[More]
Greece’s business landscape has changed in the post-memorandum period, characterized by a series of important agreements.[More]
The Ministry of Maritime Affairs and the General Secretariat for the Aegean and Island Policy have progressed in the implementation of water adequacy and desalination projects with an emphasis on the most remote and small islands.[More]
Greek shipowners are refraining from constructing new bulk carriers in a move that does not necessarily signal weakness, but rather a conscious strategic decision, aligned with the conditions of the freight market.[More]
The investment rally in feeders by Greek shipowners continues unabated in 2025. In a year when the number of investments, mainly in new ships, has plummeted in most ship categories, and especially in bulk carriers, orders for feeder-type ships dominate.[More]
The performance of all four systemic banks in the first half of the year proved to be resilient to external pressures, prompting them to revise their main targets for 2025. Credit expansion was the key figure revised by three of the banks, confirming the report by "N", with the entire system showing cr...[More]
Aegean Shipping Management, owned by Georgios Melissanidis, strengthens its business collaboration with Vitol, the world’s largest independent oil products trader, by signing a long-term charter agreement for five additional tankers.[More]
The Piraeus Port Authority S.A. (PPA S.A.) received a distinction from the QualityNet Foundation for the fourth consecutive year as one of the most sustainable companies in Greece. This recognition is based on the annual evaluation of its performance across the three pillars of ESG — Environment, Soci...[More]
The acceleration of the green transition is changing the rules in the shipping sector – and Greek shipowners seem ready to respond.[More]
A total of 7.089 million foreign tourists "landed" in Greece from January to May 2025, boosting travel receipts to 4.352 billion euros, according to data announced by the Bank of Greece.[More]
Greece is becoming an increasingly attractive investment destination in the technology sector, according to a recent EY study.[More]
Greece maintains its leading position on the global shipping map, with the Athens-Piraeus region occupying 8th place among 43 top shipping centers.[More]
International investors remain positive towards Greece despite the investment slowdown across Europe, according to a new survey by EY Greece, the EY Attractiveness Survey Greece 2025.[More]
The Euronext Group, the largest multi-shareholder stock exchange in Europe, has confirmed that it has begun discussions with the board of directors of Hellenic Exchanges – Athens Stock Exchange (ATHEX), the operator of the Greek capital market, regarding a potential offer to acquire up to 100% of ATHE...[More]
The Piraeus Port Authority (PPA) held a welcoming ceremony for the inaugural voyage of the Yuan Hai Kou, one of the largest and most technologically advanced vehicle carriers in the world.[More]
Greece returns to the global sailing spotlight this summer, as the AEGEAN 600 prepares to launch its fifth consecutive edition in the Aegean Sea.[More]
The Scandinavian bond market is rapidly evolving into an important alternative financing resource for shipping companies, with a strong Greek presence.[More]
Piraeus Container Terminal (PCT), a subsidiary of COSCO Shipping Ports Limited, is marking fifteen years of dynamic and successful operations in Piraeus.[More]
DUTHSat-2, the first CubeSat satellite within the framework of the National Microsatellite Program with the support of the European Space Agency (ESA), was launched at 23:30 on Monday, June 23, 2025.[More]
AEGEAN has been named the “Best Regional Airline in Europe” at the prestigious World Airline Awards 2025 for the 14th consecutive year and 15th time overall in its 26 years of operation, highlighting the continuing trust and preference of the passengers, as recognized through the International Airlin...[More]
A working lunch was held at the Piraeus Maritime Club with the participation of the European Union Commissioner for Sustainable Transport and Tourism, Apostolos Tzitzikostas.[More]
An upward trend has been recorded in container traffic at the Port of Piraeus, despite ongoing geopolitical tensions that affect global trade flows.[More]
The new development law will mobilize investments of 4 billion euros by the end of 2026, Development Minister Takis Theodorikakos said in an exclusive interview with Naftemporiki.[More]
The launch of a series of port infrastructure and desalination projects in Corfu and all the Ionian islands, in line with AEGIS, was announced by the Minister of Maritime Affairs and Insular Policy, Vasilis Kikilias, during his visit to Corfu.[More]
Cruise tourism in Greece is experiencing significant growth this year, with Piraeus emerging as the central hub and primary home port of the Eastern Mediterranean.[More]
Prices are reaching new record highs along the Attica coastline, particularly in the Vouliagmeni area, known as “the jewel of the Athenian Riviera.”[More]
With steady steps and impressive growth, Greece is establishing itself as one of the leading cruise destinations in the Eastern Mediterranean, strengthening both its tourist image and the national economy.[More]
The 9th Naftemporiki Shipping Conference was held this week in Athens, sending a message of confidence in the strategic role of Greek shipping and its vital contribution to the national economy.[More]
Greece is currently at a historical turning point as it has rare development tools at its disposal, Michalis Sallas, Chairman of Lyktos Group and Honorary Chairman of Piraeus Bank, said in an interview with Naftemporiki. European resources such as the Recovery and Resilience Fund, the National Strateg...[More]
2025 is expected to be another year of sharp growth in the holiday homes market throughout Greece by European buyers, according to data from Elxis – At Home in Greece.[More]
The new image of the Greek economy and the government's key priorities from now on were the focus of a meeting between Deputy Prime Minister Kostis Hatzidakis and the Ambassadors of the EU countries.[More]
Orders for new ships have skyrocketed, with Greek shipowners leading the tanker market, as one in four tankers in the water is Greek.[More]
The need to further strengthen the cooperation between the Region of Attica and Piraeus Port Authority (PPA) S.A. for completing the projects and expanding the port of Piraeus to better serve cruise ships, which has been financed with 20 million euros, was the focus of a meeting between the Governor of...[More]
Greece can lead the future of Mediterranean luxury housing, Savvas Savvaidis, President and CEO of Greece Sotheby's International Realty, said in an interview with Naftemporiki and Michalis Psilos.[More]
According to official Eurostat data cited by Hatzidakis, 400,000 out of 600,000 Greeks of the brain drain generation returned by the end of 2023.[More]
The port of Piraeus further strengthens its strategic position as a car transit hub in the Eastern Mediterranean, with the first call of the MV Cosco Sheng SHI, a ship of Cosco Shipping Car Carriers.[More]
According to data from Cosco Shipping Port, in March 2025, a total of 357,000 containers were handled from piers II and III managed by Piraeus Container Terminal, compared to 343,000 in the same month of 2024, recording an increase of 4.1%.[More]
Minister of Maritime Affairs and Insular Policy, Vasilis Kikilias said in an interview with Naftemporiki that the 50% reduction in port fees as of May 1 will keep prices at last year’s levels, while it will allow a reduction in high-speed ferries.[More]
The Greek government is making every effort to support citizens and the average Greek family, and in this context, an amendment was submitted that provides for a 50% reduction in port fees—a move that is expected to help contain ferry ticket prices,” Minister of Maritime Affairs and Insular Policy ...[More]
The global shipping industry is closely monitoring developments after US President Donald Trump announced heavy tariffs on imports of products from dozens of countries worldwide. These tariffs are expected to strongly affect shipping markets, at least in the short term.[More]
China remains the main import market for Greek marbles, absorbing approximately 68% of total Greek exports in 2024, which demonstrates the importance of this market, according to Enterprise Greece data.[More]
The Daedalus supercomputer, which is expected to be completed in one year, will be ranked among the top 20 in the list of the top 500 systems worldwide in terms of performance (TOP500) and energy efficiency (GREEN500).[More]
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.[More]
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 abroad.[More]
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 Raw Materials Regulation (CRMA).[More]
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]
An increasing number of cruise lines are choosing the port of Piraeus as their starting point and homeport for their voyages.[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]
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]
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]
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]
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]
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]
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]
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]
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]
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]
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]
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]
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]
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]
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]
"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]
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]
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]
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 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]
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 secondary market of ships shows high growth rates with Greek shipowners playing a leading role both as buyers and as sellers.[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 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]
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]
Encouraging for Greece are the first messages coming from ITB, the International Tourism Exhibition that is being held these days in Berlin.[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]
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 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]
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]
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]
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]
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]
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]
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]
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]
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 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]
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 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 "Greeks" are playing a leading role in the dry bulk carrier market.[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]
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]
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]
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]
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]
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]
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]
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 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]
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]
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 outlook remains positive with expectations over economic trends in the country in 2023 and 2024 improving steadily. [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]
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]
The investment grade places Greece on the "radars" of foreign capital, with the food industry gathering high interest. [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]
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]
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]
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]
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]
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]
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]
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]
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]
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]
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]
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]
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]
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]
The Greek economy has shown a strong performance in 2022 and moves towards a positive 2023 amidst a global geopolitical and economic turmoil.[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]
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]
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]
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]
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]
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]
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]
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]
Greece offers an open invitation to anyone that wishes to work in the mother country of great philosophers, history and amazing events.[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]
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 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]
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 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]
"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]
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]
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]
