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.
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]
The Greek economic sentiment index rose to 108.1 points in January from 101.6 points in December and 101.0 points in the same month last year, the Foundation for Economic and Industrial Research (IOBE) said in a report.[More]
An increasing number of cruise lines are choosing the port of Piraeus as their starting point and homeport for their voyages.[More]
One in four orders for tankers in 2024 came from Greek companies, according to data from Veson Nautical, with Greek shipowners ranking first in energy product carriers.[More]
Greek businesses have made a dynamic "entry" into 2025, confirming the positive prospects of the domestic economy.[More]
Naftemporiki, a Greek daily business newspaper, presented an English-language album entitled "The GREEKS: Masters of the seas sharing their life story" at the headquarters of Bayes Business School in the City of London. The album honors Greek shipowners with an entrepreneurial spirit at an internationa...[More]
XRTC Business Consultants and the China Classification Society (CCS) cut the New Year's cake in the presence of the new ambassador of the People's Republic of China to Greece, Fang Qiu, and representatives of the shipping community.[More]
Investment interest in the tourism and hotel sectors in the region of Eastern Macedonia and Thrace has rapidly increased recently, mainly on the coast of Kavala and Thassos, with a strong presence of foreign companies from Bulgaria to the Netherlands, Iran and Turkey.[More]
Greece's shipping industry maintains a leading role in the energy transport sector at a global level, with tankers dominating for another year and the value of the blue and white fleet exceeding 70 billion dollars.[More]
Greek Tourism Minister Olga Kefalogianni stressed the importance of green transition in the tourism sector, describing it as crucial for achieving sustainability and environmental protection.[More]
Chevron's decision to explore new natural gas deposits in the Greek seas marks a new chapter in Greece's hydrocarbon research and development, highlighting Greece’s role on the global map.[More]
35 million foreign tourists visited Greece in January-November 2024, boosting tourism revenues to 21.27 billion euros, according to data announced by the Bank of Greece (BoG).[More]
The Minister of Social Cohesion and Family revealed measures to strengthen social cohesion and address demographics as well as to protect children and the vulnerable groups, said Sofia Zacharaki, in an interview with Naftemporiki and Michalis Psilos.[More]
The preparations for the construction of The Ellinikon Mall, the country’s largest shopping center in Elliniko, with a leasable area of 100 thousand sq m and 350 stores, are in the final stretch.[More]
Modern coastal transport for the sustainable development of the islands, against the backdrop of the increased cost of the sector’s transition to a greener future, was outlined during a conference held by the Greek Shipowners Association for Passenger Ships (SEEN).[More]
The National Museum of Underwater Antiquities, which is under construction in the port of Piraeus, is expected to open its gates in 2026. It will become a top cultural landmark for the country’s largest port, showcasing the treasures of the Greek seas.[More]
Greece is constantly strengthening its position as a shipping center. In the wider Athens and Piraeus area, approximately 600 shipping companies are based, managing more than 5,500 commercial vessels, making Greece the largest ship management center in the world.[More]
The Greek shipbuilding industry is undergoing a widespread refurbishment in 2025. However, it faces new challenges and opportunities, as shipping has already begun its journey towards the green transition, in view of the new environmental regulations.[More]
2024 marked a milestone year for Greece's shipyards—Skaramangas, Syros and Elefsis.[More]
The Athens stock market is completing its 4th consecutive positive year, with cumulative profits for 2021-2024 reaching an impressive +80.02%, despite international challenges and buying fatigue.[More]
The strategy and initiatives for sustainable tourism development, with Greece emerging as a global model of quality, authenticity and sustainability, were presented by Tourism Minister Olga Kefalogianni during her speech at the Annual Conference of the Greek Tourism Confederation (SETE).[More]
The Piraeus Port Authority (PPA) received the True Leaders business award and the "ESG Leading Award Company of the Year."[More]
Greece needs to achieve higher growth rates in the sector of Information and Communication Technologies (ICT) in order to converge with the European Union average within five years.[More]
Greece's goal to become a data processing and transfer center seems more feasible than ever. However, most of the announced investments, which will change the “game” if implemented, are in their early stages.[More]
Cruises in Thessaloniki are expected to move on a dynamic trajectory in 2025, as the planned arrivals show, with the leading international companies not only making their presence in the city more intense, but also planning the arrival of more and more luxury ships to the port.[More]
The top ten countries with the largest fleets of ships under their flags remained unchanged. Greece, home to more than 600 shipping companies managing over 5,500 registered ships, ranks ninth. However, it has experienced a 4.2% reduction in gross tonnage (GT) compared to November 2023.[More]
Concession contracts are now a key pillar for large construction groups, and this was also evident in the developments that occurred on Olympia Odos.[More]
Greece has been named the "Best Tourism Destination" internationally for the fourth consecutive year at the Global Traveler's GT Tested Reader Survey awards.[More]
The PPC Group presented its Annual Sustainable Development Report for 2023, in accordance with the international standards of the Global Reporting Initiative (GRI Standards) and the Athens Stock Exchange ESG Disclosure Guide.[More]
As Greek listed companies have already announced their nine-month results, interest is now turned on their investments plans for 2025.[More]
Tourism Minister, Olga Kefalogianni, participated in the 12th General Assembly of the Hellenic Chamber of Hotels (HCCH), where she highlighted the basic regulations for short-term rentals included in the new bill of the Ministry of Tourism, the digital transformation of the Ministry, the Greek National...[More]
The absorption of the Recovery Fund resources will remain the major support of the Greek economy in the next two years, according to UBS.[More]
The order book of Greek interests in Asian shipyards is constantly expanding. In the last ten days, brokers from Greece and abroad have recorded 16 new orders from five Greek-owned companies, worth 1.6 billion dollars.[More]
2024 will end with an impressive economic performance including an almost balanced budget, as the deficit, based on the latest estimates of the Greek economic staff, is expected to fall below 1% of GDP.[More]
PPA S.A. participated in the 7th China International Import Exhibition (7th CIIE) in Shanghai, from November 5 to November 10, highlighting the strategic importance of the port of Piraeus in the cooperation between Greece and China, as well as its role as a hub of cooperation between the West and the E...[More]
An entire fleet, which the largest registries in the world could envy, is currently being built by Greek shipowners. At the end of October 2024, Newsfront/Naftiliaki had confirmed 552 orders from 72 Greek shipping companies.[More]
Greek wine seems to be gaining more and more ground in Italy. The Greek Wine Day took place for the third consecutive year in Florence.[More]
The port of Piraeus was once again distinguished for its performance. More specifically, it received the "Ferry Shipping Port of the Year 2024" award in the field of passenger transport, in a special event, which took place within the framework of the European Conference on Coastal Shipping- European F...[More]
The tourism industry has definitively left behind the problems created by the coronavirus pandemic, while it has shown resilience to geopolitical turmoil and economic difficulties and is looking ahead to the next 10 years with optimism, recording successive records.[More]
Funds exceeding 78 billion euros have been invested in Greek companies over the last 12 months. As a result the market seems to be recovering its pace as well as its self-confidence, having recorded a spectacularly strong capital mobility after the multi-year economic crisis.[More]
Strong investment activity is recorded in construction and infrastructure, telecommunications, transport, real estate, with demand being fueled from Greece and abroad, in IT and Data Centers, in the food industry, in the health sector, and also in retail trade. Banks are not left behind in this investm...[More]
The Greek owned fleet remains the largest in terms of transport capacity but also the most expensive in terms of value, however, the dynamic of Asia is also confirmed.[More]
Maritime professionals from across the Hellenic region and beyond will converge in Athens for the highly anticipated Hellenic Maritime Forum.[More]
More than 350,000 Greeks of the brain drain generation – those who left during the crisis years in search of better employment opportunities – have returned. What made them come back? A new research by the National Documentation Center tries to answer this question.[More]
The US stock market gives a vote of confidence to the listed shipping companies of Greek interests. A research by "Naftemporiki" reflects the positive messages, as the international rating agencies give a strong buy recommendation for the majority of companies.[More]
Representatives of the Greek government, the European Central Bank (ECB) and the European Commission, as well as leading executives of Greek businesses, presented their proposals for Greece's productive reconstruction at the 3rd Naftemporiki Economic Conference entitled "Productive Greece in the next d...[More]
The development of businesses creates new jobs that are not easily covered, due to a lack of skills on the part of the workers, but also because many Greeks have left abroad.[More]
Studies have shown that the cost of climate change is about to increase, as long as no measures are taken to mitigate the phenomenon, Bank of Greece (BoG) governor, Yannis Stournaras, said in his greeting during the presentation of the revised National Plan for Climate and Energy.[More]
The number of ships using LNG in the global fleet is increasing significantly, while Greek shipowners are emerging as "strong" players in ships under construction with this particular fuel.[More]
The economic climate in Greece showed an improvement in September, with the index standing at 110.2 points from 106 points in July and August, the Foundation for Economic and Industrial Research (IOBE) said.[More]
The Piraeus Port Authority (PPA S.A.) was awarded five top awards for its performance in the critical areas of environmental protection and regulatory compliance.[More]
Investment plans totaling more than 2 billion euros, in Attica and Thessaloniki, are underway in the sector of logistics.[More]
Greek banks are gathering strong investment interest at the Bank of America's three-day conference held in London, which confirms the full recovery of the domestic sector – as reflected in their successive upgrades by international rating agencies.[More]
Piraeus Port Authority (PPA) showed an increase in revenues and profits in the first half of 2024, once again achieving the best historical performance for this period of time.[More]
The value of the Greek business software market is estimated at 400 million euros, and it is expected to double over the next 5 years, reaching 1 billion euros. These are essentially investments in software products on the part of both private and public sector enterprises.[More]
The LNG adoption in the containership market remains strong, due to the attractiveness of the fuel price but also slower than expected production of green methanol.[More]
The financial footprint of the pharmaceutical industry in the Greek economy and its overall contribution in terms of GDP is estimated at 6.5 billion euros (3.2% of GDP) in 2022, according to the latest IOBE survey.[More]
Costamare of Kostis Konstantakopoulos, Star Bulk of Petros Pappas, Maran Dry of the Maria Angelikoussis group, but also Alpha Bulkers of the Anna Angelikoussis group proceeded with the sale of the oldest bulk carriers they have in their fleets.[More]
Energy-RES-Hydrogen, shipping-ports, thermal tourism, industrial products for smart buildings, were some of the sectors in which the 88th TIF, with Germany as the Honored Country, lays the foundations for the development of new Greek-German collaborations and future investments.[More]
The transition to a zero-emissions economy, the shift to electrification and renewable energy sources, as well as progress in artificial intelligence, have spurred demand for critical mineral raw materials such as copper, lithium, and more.[More]
The companies of the Panos Laskaridis group “Laskaridis Shipping” and “Lavinia Corporation” are launching a particularly dynamic and promising collaboration.[More]
Investors, gifted with an average return of 10% in the first eight months of 2024, are looking to the multiple and significant developments of the coming weeks, which will largely determine the short-medium term market trend.[More]
Greece’s cruise sector will present record passenger numbers in 2024 and 2025, as Greece is one of the most popular destinations, while the ongoing crisis in the Red Sea is leading many companies to change destinations.[More]
The port of Piraeus is an international pillar of business and investment development. At the same time, the Greek center is also strengthened by the stable position of the port of Piraeus among the largest in Europe.[More]
The Athens/Piraeus ecosystem showed its strength in the field of ship management, gaining a place in the list of the world's leading shipping centers.[More]
In the June-July 2024 period, the shipping company WeberSeas registered contracts for 89 new vessels with a capacity of 1.2 million TEUs.[More]
Tourism has a strong footprint on the Athens Stock Exchange, as several listed companies from various sectors of the economy are affected – some more, others less – by the performance of tourism. This has a strong effect on the profitability, annual dividends, as well as the course of the shares.[More]
The generation of Millennials (ages 30-49) holds the first place in the total monthly purchases of e-commerce in Greece, according to a survey carried out by Nexi on the consumption habits of Greeks and especially on the e-commerce sector.[More]
The Cruise Lines International Association (CLIA), the leading voice of the global cruise industry, which represents 95% of the industry, met with the Minister of Maritime Affairs and Insular Policy, Christos Stylianidis.[More]
Large bulk carriers, such as Capesize and Newcastlemax, are a "pole of attraction" in the secondary market, with Greek shipowners behind several deals. Between January and July 2024, a total of 90 oversized bulkers changed hands, compared to 69 in the corresponding period of 2023, i.e. an increase of 3...[More]
The opinions of Greeks regarding the impact of tourism and the phenomenon of hypertourism are recorded in a new survey by the Eteron Institute, conducted by about people.[More]
The EU funds from the Recovery and Resilience Facility (RRF) amount to 17.2 billion euros, following the European Commission's announcement on the disbursement of 2.3 billion euros to Greece, after the successful completion of 4th payment request from the loan part of the "Greece 2.0" National Plan.[More]
The secondary market of bulk carriers continues to record frantic rates although it is a difficult period for deals, at a time when prices seem to have reached their peak.[More]
The need for a holistic approach to the development of tourist ports and berths for pleasure boats is pointed out to “Naftemporiki” by representatives of the sector.[More]
Piraeus Port Authority (PPA) SA received two additional awards for its significant contribution to the development of the domestic economy, in the “Protagonists of the Greek Economy” awards organized by the Direction Business Network and held under the auspices of the Ministry of Development.[More]
National Bank finances the major projects that support the infrastructure and modernize Greece, making it among the top tourist destinations. At the same time, it supports tourism businesses with high-level financial services.[More]
A wait-and-see approach until the full availability of new fuels will jeopardize the achievement of the zero-emissions target by 2050 and all intermediate milestones by then, the CEO of the Global Center for Maritime Decarbonization (GCMD), Professor Lynn Loo, said to "Naftemporiki" recognizing the dif...[More]
"The improved financial results of our company for the third consecutive year demonstrate that the port's development and modernization strategy, as well as the important decisions regarding its operation, are absolutely in the right direction and ensure the necessary conditions for the establishment o...[More]
Greek shipowners' orders are on track for a new record this year, as a total of 34 companies have signed contracts for more than 120 ships during the first half of the year.[More]
Limiting the short-term rental of properties in famous tourist areas and establishing a special fee for the financing of renovations and infrastructure is proposed, among other things, in the new Special Spatial Framework for Tourism.[More]
Construction activity rose significantly in March, according to the Hellenic Statistical Authority (ESTAT).[More]
The construction of the state-of-the-art data center Heraklion-1, in Heraklion, Crete, is making rapid progress, as announced by Digital Realty, world leader in the market of neutral data centers, colocation and cloud interconnection.[More]
Demand for container ships is on the rise lately based on the number of deals on the secondary market and in shipyards.[More]
The demand for investments in the hospitality sector in Greece is increasing with new "players" entering the market, including international brands, while at the same time strong Greek chains are developing and the quality of the country's hotel potential is being upgraded, with the number of five-star...[More]
There are undoubtedly many talents of Greek origin, part of which makes up the Greek ecosystem of tech start-ups, which have been spotted by tech talent hunters.[More]
Piraeus port is located at the crossroads of Europe, Asia, and Africa. It is the biggest port in Greece and the eastern Mediterranean Sea, the 4th largest port in Europe and the 24th-largest container one globally. In the following, the new era of sustainable port-cities is analyzed based on a port con...[More]
An interactive workshop for the study and preparation of the regulation for tugboats, after the issuance of the relevant presidential decree, was held by the Piraeus Port Authority (PPA).[More]
Greek feta exports reached 736 million euros in 2023, a performance which not only justifies why the white "gold" is included in the benchmarks of domestic products, but also why other countries claim a share of its value.[More]
Greek shipping companies listed on the US stock exchange showed improved performance in terms of Environment, Society and Governance (ESG) in 2022.[More]
The Tower of Piraeus, an investment which is expected to exceed 130 million euros, was inaugurated on Tuesday afternoon, in the presence of Prime Minister Kyriakos Mitsotakis and the mayor of Piraeus, Yiannis Moralis.[More]
Greece is the third largest cruise destination country in the Mediterranean, the Cruise Lines International Association (CLIA) said.[More]
International shipping exhibition "Posidonia 2024" opened its gates at the Metropolitan Expo. Announcing the opening of the exhibition, Prime Minister Kyriakos Mitsotakis sent a message to Brussels about the significant role of Greek shipping for Europe's strategic autonomy.[More]
The Hellenic Environmental Center SA (HEC) signed a Memorandum of Cooperation with the Saudi Investment Recycling Company (SIRC), which is wholly owned by the Public Investment Fund of Saudi Arabia.[More]
The company Grecian Magnesite focuses on the market of industrial minerals, specializing in magnesia. In particular, the company ranks among the leading magnesite producers in the world, with a staff of over 340 people and a consolidated turnover of 70 million euros.[More]
Promoting the importance of safety regarding shipping decarbonization requires the cultivation and development of soft skills as well as the continuous training and retraining of workers in new technologies.[More]
In June 2010, the Skaramagas Shipyards, the Elefsis Shipyards and the Syros Shipyards had a joint presence at the world’s largest shipping exhibition Posidonia. The crisis in shipping and Greece’s wider economic crisis led to the obsolescence of the three units in the following years.[More]
The Athens Stock Exchange is climbing to new 13-year highs on Wednesday, the first trading session after the Easter holidays, bridging the distance from the next threshold of 1,500 points.[More]
Greece is among the first preferences of the major European markets in terms of tourist destination, despite the fact that most Europeans have stated that they prefer short trips of up to 3 hours.[More]
Greek shipowners are once again the leaders in the tanker market. More specifically, of the 751 tankers currently being built at the yards, 222, i.e. 30%, belong to shipping companies of Greek interests, according to the representatives of the shipping sector during the 8th Naftemporiki Conference.[More]
The fields of energy cooperation between the two countries are expected to be discussed – among other things – during the meeting between Greek Prime Minister Kyriakos Mitsotakis and Turkish President Recep Tayyip Erdogan in Ankara.[More]
The capitalization of Greek shipping companies listed on the US stock market has skyrocketed over the last months and the 1 billion "club" continues to grow, while soon we may have the first company with a value of 3 billion dollars.[More]
Following a new order for two state-of-the-art LR2 tankers, Aegean Shipping Management and COSCO seal a relationship of trust, which has been built step by step, for a decade.[More]
Successive multi-million-euro investments have been announced in the real estate sector over the last months, with new residential and tourist developments opening one after the other, from the northern suburbs to Sounio and all along the Athenian Riviera.[More]
This year will be the year of a complete return of global tourism and air transport to pre-pandemic levels, the president of the federation of travel agencies in Greece Fedhatta, Lysandros Tsilidis, noted.[More]
The tanker orderbook in relation to the active fleet has climbed to its highest level in five years, driven by a spectacular increase in newbuilding investment since the second half of 2022.[More]
Olive oil has become a luxury item in EU countries. In the last year its price has increased by 69% in Portugal, 67% in Greece and 63% in Spain, which are also producing countries.[More]
The secondary market of ships shows high growth rates with Greek shipowners playing a leading role both as buyers and as sellers.[More]
Athens International Airport SA announced total revenues and other income increased by 15.3 million euros, or 15.3%, to 114.6 million euros in the first quarter of 2024 from 99.4 million euros in the first quarter of 2023, with all revenue streams demonstrating substantial improvement.[More]
The road map for strengthening the competitiveness of Greek industry is mapped in an extensive study prepared jointly by EY Greece and the Ηellenic Federation of Enterprises.[More]
The investment grade constitutes good news because it affects the reduction of borrowing costs for households, businesses, and the country, Alexis Patelis, Chief Economic Advisor to Prime Minister Kyriakos Mitsotakis, said in an interview with “Naftemporiki” and Michalis Psilos.[More]
The footprint of the tourism industry in the Greek economy is growing, according to the INSETE study, which shows that the direct contribution of tourism jumped to 28.5 billion euros in 2023. This corresponds to 13% of the country's GDP and is the highest ever recorded. In 2022 the corresponding figure...[More]
Greece's rejuvenated shipbuilding industry will feature at Posidonia 2024, signaling a strong recovery after decades of decline and abandonment. The renaissance of the sector takes shape after the completion of the consolidation of the country's shipyards in Syros and Elefsis, but also through the resu...[More]
The Greek shipping sector is expanding year by year, now reaching the highest level of at least the last decade, both in the number of shipping offices and ship management companies.The figures of the Ministry of Maritime and Island Policy available to "Naftemporiki" show that the offices of shipping c...[More]
According to Bank of Greece (BoG), the net receipts for the purchase of real estate from foreign nationals are still high as a percentage of all investments (42.5%) and exceed 2 billion euros, up 8% compared to 2022 (2,133 million euros compared to 1,975 million euros).[More]
The secondary market of bulk carriers has shown strong activity over the last weeks, with Greek shipowners playing a key role in the largest deals.[More]
Greek Prime Minister Kyriakos Mitsotakis expressed his ambition to make Greece "the best tourist destination in the world in a 10-year period" during a discussion with Luis Araujo, president of the European Travel Commission.[More]
The launch of direct flights between Shanghai and Athens constitutes a milestone as well as a strong incentive for enhancing travel flow from both sides, Tourism Minister, Olga Kefalogianni, said in a special event attended by the Ambassador of the People's Republic of China to the Hellenic Republic,[More]
"2024 and 2025 will be years with much more important investments from the Recovery Fund," Economy and Finance Minister Kostis Hatzidakis said to "Naftemporiki" and Michalis Psilos.[More]
Hotel investments continue unabated in Greece, both in popular tourist resorts and in the two largest urban centers, Athens and Thessaloniki. New hotels and resorts of Greek and foreign tourism business groups are opening their doors ahead of this year's summer tourist season and even more are about to...[More]
Greece’s flour industry is moving on an upward trajectory, according to ICAP CRIF forecasts presented by “Naftemporiki.” More specifically, the sector is expected to register an average annual growth rate of flour consumption of 2% in the two-year period 2024-2025. In the five-year period 2018-2022,...[More]
ONEX group and Elefsis Shipyards are about to sign contracts for the construction of up to three coastal vessels by the end of 2024, according to sources. Having already agreed with Attica for the construction of the first new vessel of the coastal shipping industry after 17 years - the signatures are ...[More]
Greece is on the right path, Luis de Guindos, Vice-President of the ECB, said in an interview with “Naftemporiki” and Michalis Psilos. More specifically, he said: “Greece is outperforming the rest of the euro area and is reaping the benefits of the policies that were implemented during the crisis ye...[More]
Greece holds discussions in order to raise funds, which will be used for the green transition of the coastal shipping fleet, Shipping and Island Policy Minister Christos Stylianidis said, adding that there are many EU funds which could provide support.[More]
"Naftemporiki" sets sail for the second century of its history, as it celebrates its 100-year anniversary since it was first published on March 8, 1924.[More]
Based on data shared by shipping agents with "Naftemporiki", a total of 16,158,000 million coastal passengers were handled by the country's largest port, Piraeus, compared to 14,976,000 in 2022 and 11,846,000 in 2021, an increase 8% and 35% respectively.[More]
Encouraging for Greece are the first messages coming from ITB, the International Tourism Exhibition that is being held these days in Berlin.[More]
Digital Governance Minister of Greece, Dimitris Papastergiou, who participates in the Mobile World Congress held in Barcelona, sent the message that the citizens' transactions with the state will be further simplified in 2024.[More]
Greek wine exports reached 100 million euros last year for the first time in history. This number may be relatively small compared to the export performance of other sectors of the national economy, but Greek wine has a comparative advantage that no other' Made in Greece' product can claim: the fact th...[More]
Greece is emerging as the protagonist of the cruise sector in the Eastern Mediterranean for 2024, as the war climate in the Middle East seems to favor the port of Piraeus and Greek destinations.[More]
Greek tourism Minister, Olga Kefalogianni, gave a speech at the "Tourism and Sustainability" day, organized at the Acropolis Museum by the Society for the Environment and Cultural Heritage. The minister referred to the vision, but also the strategy, to make Greece a model of sustainable tourism develop...[More]
While strong eurozone economies such as Germany and France are not expected to record high growth rates, Greece in 2024, based on the European Commission’s winter forecasts, will register the second highest growth rate of 2.3%, after Malta. Regarding inflation, it will follow a downward path compared ...[More]
The Houthi attacks have forced many shipping companies to bypass the Red Sea resulting in delays in the transport of products, increased fuel costs and higher consumer prices.[More]
The critical role of the Port of Piraeus in trade and the global supply chain, as an important gateway to global shipping, was highlighted during the 5th Balkans & Black Sea Forum (BBSF 2024) entitled "Trading Arteries & Global Supply Chains at Stake," which was hosted at the facilities of the Piraeus ...[More]
"Cotton is a product of strategic importance for the country, as it has been produced industrially and professionally since the end of the 19th century."[More]
Greek shipowners are consolidating their position among the elite "players" of the LNG carrier market, implementing an expanded shipbuilding program that will increase their fleet in the coming years.[More]
Sophia, the globally renowned humanoid AI robot, developed by the Hong Kong-based company Hanson Robotics, speaks Greek and is about to visit Nafpaktos and the island of Rhodes in March.[More]
The Port of Piraeus' car terminal shows great dynamics in terms of domestic cargo handling, while it aspires to become one of the largest vehicle transit centers in the Eastern Mediterranean following its recent extension.[More]
The latest analysis by Elxis-At Home in Greece records an increased demand for holiday homes from foreign buyers in areas around the urban centers of Crete, Rhodes and Halkidiki.[More]
"I am one of the citizens of Athens who feel that we deserve a better city," the new Mayor of Athens, Haris Doukas, said in an interview with "Naftemporiki". "A clean and safe city and the upgrading of the school infrastructure are among the main priorities," he underlined and added: "We want vibrant a...[More]
Greece launched the book-building process for a new 10-year syndicated bond issue, maturing June 2034, with bids exceeding 35 billion euros, beyond all expectations.[More]
Metallic minerals, industrial minerals, zeolitic rocks, boric salts are some of the mineral raw materials existing in the Greek subsoil that must be immediately exploited, according to representatives of the sector.[More]
Greece plans to submit two requests with the aim of disbursing a total amount of 6.9 billion euros from the Recovery and Resilience Facility, both in grants and loans, within the year.[More]
"The energy crisis highlights in a compelling way the need for a common European energy policy. The needs of the economy impose a common policy," Minister of National Economy and Finance, Kostis Hatzidakis, said.[More]
The management of Piraeus Port Authority (PPA) welcomed the COSTA Deliziosa – the first cruise ship in the port of Piraeus, for the new year.[More]
Alexander Karalis Koerbel, broker in Optima Shipping Services, told "Naftemporiki" that Greek shipowners strengthened their fleets with 194 bulkers and tankers in the 12-month period of 2023.[More]
The palace of ancient king Philip II of Macedonia was open to the public after the completion of the long-term restoration carried out by the Ministry of Culture.[More]
The reunification of the Parthenon Sculptures is a major national goal, said the Greek Minister of Culture, Lina Mendoni.[More]
The Greek economy recorded a dynamic growth in 2023 helped by the execution of a Public Investment Programme worth 11.2 billion euros -up 176 million compared with 2022- National Economy and Finance ministry said in a report.[More]
The Athens Chamber of Commerce and Industry (ACCI) and EY Greece organized an informative event regarding financing opportunities for Greek businesses through European indirect and direct programs. The European financial opportunities for 2024 were presented in detail, as well as the best practices tha...[More]
"Plans to restructure and revive the shipbuilding industry are proceeding rapidly," Deputy Development Minister Anna Mani at the 1st Conference of the Greek Shipyards Union representing Prime Minister Kyriakos Mitsotakis.[More]
An important opportunity for Greece and its economy in 2024 is the rebirth of the shipping and para-shipping cluster centered on the port of Piraeus.[More]
Dr. Nikos Tsakos, founder and CEO of Tsakos Energy Navigation, spoke on the US financial channel Schwab Network about the potential of Greek shipping and how maritime transport will be affected by geopolitical developments.[More]
Naftemporiki awarded the leading Greek companies for 2023 in a special event held at Grande Bretagne hotel.[More]
Naftemporiki achieved a very important distinction at the European level: it was declared "European Newspaper of the Year 2024" in the European Newspaper Awards competition.[More]
Greek food and beverage companies held a total of 405 Business to Business meetings, as part of a business mission organized by the German Hellenic Chamber of Industry and Commerce, in collaboration with the Hellenic-Asian Business Council, from November 11 to November 21.[More]
The European Commission, on the initiative of the Greek vice-president Margaritis Schinas, submitted a regulation proposal for the creation of a "Talent Pool" in the European Union.[More]
The port of Piraeus is ready to proceed with the implementation of ship electrification infrastructure from land, starting from the area of coastal shipping.[More]
According to the latest annual report of the Hellenic Shipowners’ Association, they control 31.27% of the world’s oil tanker fleet and 15.79% of the chemical and petroleum product transport fleet. According to a research carried out by Xclusiv Shipbrokers, on behalf of Naftiliaki and presented at a r...[More]
Economy and Finance Minister Kostis Hatzidakis announced the launch of a National Investment Fund and the modernization of the legislation governing the operation of public enterprises operating under the ‘umbrella’ of the Superfund.[More]
Unemployment was recently added to the list of economic indicators that have returned to pro-memoranda levels, closing a very long economic cycle after 14 years . The Hellenic Statistical Authority (ELSTAT) recorded a single-digit unemployment rate (9.6%) in October, for the first time after 14 years, ...[More]
Greek shipping companies are strengthening their fleets with modern bulk carriers, taking advantage of the opportunities offered by the secondary market.[More]
Greek banks focused on taking advantage of the current conditions and the success story during the second day of the Morgan Stanley conference held in London. It is worth noting that each of the four systemic banks had more than 40 B2B meetings.[More]
The climate in the economy and entrepreneurship after the recovery of the investment grade and the reforms-catalysts for the development course dominated the conference held by "Naftemporiki",entitled "Upgrading Greece".[More]
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