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    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.


    New bulk carriers added in Greek shipowners' fleets

    Greek shipping companies are strengthening their fleets with modern bulk carriers, taking advantage of the opportunities offered by the secondary market. [More]


    Greek banks: Foreign investors "see" success stories

    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]


    Naftemporiki' conference: "Upgrading Greece"

    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]


    Tourism breaks all records - A total of 27.79 million tourists in the 9-month

    A total of 27,790.5 thousand travelers visited Greece from January to September 2023, with travel receipts jumping 15.2% to Euro 17.919 billion.[More]


    Aegean Shipping Management: Top customer of COSCO SHIPPING in Europe

    Aegean Shipping Management and COSCO SHIPPING Heavy Industry Yangzhou reached an agreement for the construction of two more tankers, type LR2 ice class, with a carrying capacity of 114,000 dwt each. Following the latest development, Aegean will have built 14 ships in COSCO berths. As Mr. Swem Sun, COSC...[More]


    Greek banks pass into private hands

    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]


    Energy transformation of the ports of Piraeus and Heraklion underway

    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]


    Tourism to record growth in 2024

    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]


    Greek Finance minister Hatzidakis unveils nine initiatives

    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]


    Naftemporiki and China Media Group sign memorandum of cooperation

    The Group of Naftemporiki and China Media Group (CMG) signed a memorandum of cooperation on Monday in the framework of a Greek-Chinese conference entitled "An ancient path for modern prosperity" for the "Belt and Road" dialogue.[More]


    Piraeus Port Authority: Higher revenues and profits

    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]


    Shipping: Concern over specific scrubbers' credibility

    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]


    Timeless and multidimensional offer of Greek shipowners

    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 on a positive track in 2024

    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 focus on small container ships

    Greek shipowners are lately targeting the container shipping market, claiming tonnage with guaranteed charters that offer flexibility in today's weak conditions. [More]


    Olive oil a luxury item - Forecasts on its price

    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]


    New technologies: Greece will produce organic electronics as of 2025

    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]


    Xiao Junzheng to Naftemporiki: New growth opportunities for the "blue of the Aegean" and the "red of China"

    "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]


    Orders for new product tankers on the rise

    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]


    Green Ports further expanding its activities in Malta

    Hellenic Environmental Center (HEC) further expands its network, through its subsidiary Green Ports (Malta) Ltd.[More]


    Reception at the Chinese Embassy in Athens for the National Day of China

    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]


    New tanker orders of 6.9 billion dollars

    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]


    Direct electrical connections to central Europe for better utilization of green energy

    "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]


    Wind in the Sails: Open Greek-Chinese dialogue organized by Naftemporiki and CGTN

    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 upgrades Greece to investment grade status

    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]


    Thessaly: Huge destruction in agriculture and livestock from the floods

    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]


    Door to door service between Greece and China

    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 Antetokounmpo brothers acquire 10% of Hellenic Wineries

    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]


    87th TIF: 1,500 exhibitors, 18 international participations, honored country Bulgaria

    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]


    National Energy and Climate Plan marks Greece's determination to switch to green energy

    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]


    The strong comeback of the cruise sector in Greece

    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]


    Minister of Greek Tourism, Olga Kefalogianni, to "N": Rendering Greek tourism more humane

    "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]


    Ammonia: leading source of energy in the next 30 years

    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]


    Encouraging fundamentals in dry cargo; tankers rally

    The "Greeks" are playing a leading role in the dry bulk carrier market.[More]


    Greece to become key player in supply chain

    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, the biggest European employer in maritime transport

    Greece holds its prominent position regarding the number of people employed in maritime transport.[More]


    Value of Greek startups hits 8.2 bln in 2022

    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

    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]


    Economy Ministry seeks to increase 'Greece 2.0' program by 5 bln euros

    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 up

    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]


    Greece: Cruise passengers seen exceeding 5 million in 2023

    More than 5 million cruise passengers are expected at Greek ports this year, close to pre-pandemic levels. [More]


    Greek shipping sector remains a world leader

    The Hellenic Shipowners Association published its annual report for the period 2022-2023 on the important developments in maritime policy.[More]


    “Naval battle” between the ports of Piraeus and Valencia for the first place in the Mediterranean

    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]


    Shipping companies’ investments on track for a new record high

    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]


    Energy support measures: Greece ranks 5th in the European Union

    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 attracting investors

    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: official

    "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]


    Investment fever in the shipping sector

    Many bulk carriers and containerships have changed hands at good prices over the last period.[More]


    S&P: Greece close to investment grade status, but not there yet

    After 13 years in the 'junk' category, Greece is ready to regain investment grade status. But the question that dominated FinForum 2023, which is being held in Athens, under the auspices of the Hellenic Bank Association, was how soon can we expect this "gift" from the rating agencies.[More]


    Greece in top-10 outbound tourism destinations & in top-5 Mediterranean destinations

    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]


    The major challenges for the Greek economy

    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]


    Shipping sector faced with major challenges in the near future

    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]


    Construction of microsatellites and telescope begins in Greece

    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]


    European Union and migration: 'Fortress Europe' is becoming a reality

    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 on Greece's new government and the prospects of economy

    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]


    Investment move by Danaos in dry cargo - Acquired 10% of Eagle Bulk Shipping

    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]


    The critical challenges for the Greek economy

    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 investments in the Balkans: Growing interest in Albania and Romania

    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]


    NBG sees Greek economy growing in Q2

    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: Buy or Sell?

    Greek shipowners have recently proceeded with new orders and purchases of modern second-hand bulk carriers as well as sales of older tankers.[More]


    The extroversion of the Greek shipping sector

    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]


    Greek economy proves resilient but inflation bites

    The Greek economy grew by 2.1% in the first quarter of the year, the Hellenic Statistical Authority (ELSTAT) said on Wednesday. [More]


    Asian banks financing for Greek shipping companies

    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]


    Cisco investing in Greece: How it transforms the islands

    With 25 years of presence in Greece, Cisco continues to give a vote of confidence in Greece's prospects.[More]


    Robot studies the strongest Mediterranean earthquake in the last 200 years

    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]


    Greek aluminum sector exports up 35% in 2022

    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]


    Back to normal the traffic of TEUs from Piraeus port

    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]


    EU: Greek economy grew at a steady pace in 2022-expected to moderate this year and in 2024

    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]


    Greece comes a step closer to investment grade after the elections

    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 on track to new revenue record

    Greek tourism is on track to break new revenue record in 2023, according to Tourism Minister Vassilis Kikilias.[More]


    Greek exports jump 17.8% in Q1

    Greek exports maintained their dynamic growth in the first quarter of the year, delivering encouraging signs for the export growth outlook in 2023.[More]


    Greek researchers build the fastest artificial intelligence photo-processor in the world

    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]


    Passenger traffic in Athens airport exceeds 2019 levels in April

    The first signs from 2023 justify the optimistic expectations that Greek tourism will break new records this year. [More]


    “Daedalos”: A Greek flying laboratory of Earth’s atmosphere

    In recent years, Greek participation in important space missions has increased, either by research groups of Greek universities or public bodies, or by Greek companies active in the development of space technologies. As it became known to the list of missions with a Greek flavor, one more is added. The...[More]


    Greek economic sentiment index rose in the highest reading in the last 12 months

    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]


    Greek students developed AI technology to try on clothes from home

    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]


    S&P offers vote of confidence on Greek economy, banks

    Greek economic outlook remains positive with expectations over economic trends in the country in 2023 and 2024 improving steadily. [More]


    Piraeus: Increase by 12.1% in the handling of containers

    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: Primary surplus of 3.07 bln euros in first quarter

    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]


    Strategic raw Materials: a new field of wealth for Greece

    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]


    The Belt and Road Initiative and the Port of Piraeus

    Piraeus Port has the best network availability in the framework of Belt and Road Initiative, according to an international study, presented by the Port Authority (PPA).[More]


    Greek tourism on track to break new records

    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]


    Investment grade whets the appetite for investments in the food industry

    The investment grade places Greece on the "radars" of foreign capital, with the food industry gathering high interest. [More]


    Deals of the Greek shipowners in the market of FSRUs

    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]


    Greek banks profile is solid

    Despite the global banking turmoil, there is no concern for Greek banks as they have strong capital buffers, according to various expert estimates.[More]


    Rating agencies and investment banks note the resilience of Greek economy

    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]


    Greek ship owners dominate shipping industries

    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-Chinese maritime cooperation

    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 Greece

    Foreign direct investments in real estate increased by 68% in 2022 compared to 2021, according to data recorded by the Bank of Greece.[More]


    Big appetite for ready-to-eat meals

    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: Investing in green technologies

    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]


    High expectations for Greek exports

    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 growth rate faster in the EU in Q4 2022

    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]


    Women in shipping: Gianna Simoni - One of the first Greek captains gives her own advice

    "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: Investing in Greek university graduates

    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

    Greek exports are poised to break new records in 2023, after setting new records in 2022, with the aim of surpassing the barrier of 70 billion euros.[More]


    Cruise industry is recovering dynamically in Greece

    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]


    Athens Stock Exchange was the top performer among 99 stocks markets

    The Athens Stock Exchange was the top performer among 99 stocks markets across the globe in the first two months of 2023, with the general index of the market gaining 21.45% and the market’s capitalization rising by 19.49 billion euros.[More]


    Greece's UAVs ready for "take off"

    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 come to Athens

    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]


    Plan for a "green" fleet in Greek coastal shipping vessels

    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 near EU average in green transition, lags behind in digital transition

    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]


    The Greek startup behind a new blood test that saves lives

    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]

    COVID-19 vaccines at a packing line of the Sinovac.jpg

    Greek-Chinese memorandum of cooperation in shipbuilding and financial institutions

    A memorandum of cooperation signed online between the Shanghai Lujiazui Financial City Council and the Association of Banking and Finance Executives of Hellenic Shipping aims to bring China closer to the financing of Greek shipping.[More]


    Greek banks poised for stronger profitability in 2023

    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]


    Increase of investments is the key for the Greek Economy

    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]


    Why Carlsberg gives Greece a vote of confidence

    The Olympic Brewery factory in Sindos is evolving into a production and export hub, as the flagship brand of the parent group Carlsberg is produced in Greece. [More]


    European and Chinese companies compete for 750 urban buses in Greece

    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]


    Over 4,000 Chinese vehicles from Piraeus port to Europe

    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]


    Europe: Billions for green technology

    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]


    Sunlight Group: Lithium Energy Storage Systems and Industrial Batteries

    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]


    The new Archaeological Museum at Plato's Academy, in Athens

    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 logistics development in Greece

    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]


    Eurozone growth back on track

    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]


    An interactive and digital healthcare provider

    After three years of battling with the pandemic it has become clear how important interactive, digital solutions are in the field of health.[More]


    Greek economy on track for a positive course in 2023

    The Greek economy has shown a strong performance in 2022 and moves towards a positive 2023 amidst a global geopolitical and economic turmoil.[More]


    Trading in Piraeus port closed in December with a significant increase

    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]


    Traditional "teaspoon" sweets of Greece

    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 Greek startup ecosystem is growing at high speed

    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 re-industrialization of Europe is more necessary than ever

    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

    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]

    Photo 1 from Left Mr Fan He Yun, General Manager Greece, Air China, Ms. Ioanna Papadopoulou, Ambassador of China ,Mr. Xiao Junzheng, and Ms. Li Ying, Counsellor_副本.jpg

    The most expected science list of 2023

    The scientific community is working feverishly in every field of science and technology, and the year that has just begun is expected to provide humanity with many important discoveries and achievements. Let's take a look at some of the most important science stations of 2023.[More]


    Santorini remains top travel destination in winter, arrivals hit record in 2022

    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]


    Ageing of wines at the bottom of the sea

    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]


    Holiday recipes from Greece

    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]


    Interest rates will continue to rise in Eurozone in 2023

    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 industry has many challenges to overcome in 2023

    European Commission has given permission for the German government to support troubled natural gas importer Uniper with up to 34.5 billion euros.[More]


    500,000 euros for a Golden Visa in Athens, Mykonos and Santorini

    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]


    What happens to football players when they play overtime?

    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]


    Profits of the listed companies on Athens Stock Exchange soar

    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 Chinese shipyards for LNG carriers are moving forward at full speed

    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]


    Greek Marbles: Timeless superiority never goes out of fashion

    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]


    Greek stock market returns to positive ground by year end

    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]


    UBS: How Greece can "float" in an ocean of insecurity

    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]


    Air China is increasing connections between China and Greece

    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]


    China's ambassador in Greece, Xiao Junzheng in Naftemporiki's Conference: Building walls undermines international trade rules

    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]


    Digital Nomads: The new era offers once in a lifetime opportunities

    Greece offers an open invitation to anyone that wishes to work in the mother country of great philosophers, history and amazing events.[More]


    A Greek company into the Lunar Gateway

    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]


    The best spas in Greece

    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]


    The Greek real estate success story and the opportunities for short-term leases

    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]


    Greek orchids have the name of Samos island!

    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]


    Challenges of Greek economy in 2023

    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]


    Greece seeks leading role in the energy "chessboard" of East Mediterranean

    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 withstand global shocks

    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]


    Conversion of a medium-sized second-hand ship into a hybrid-electric

    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]


    Dialectica: Among Europe's fastest growing companies

    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]


    Greek aquaculture sector in European markets

    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]


    DBRS: How Greece could reach the "investment grade" goal

    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 trade gets a boost

    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]


    Greek silver and goldsmith refinds its shine

    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]


    Greek logistics center moves towards new era with 3.0 billion euros investments

    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]


    Greek CEOs remain confident for the prospects of the economy, see need for change

    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]


    Ellinikon: A new Metropolitan Park and Prototype City in Athenian Riviera

    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]


    The second hand bulk dry cargo market is in "recycling" mode
    - Greek ship owners have bought 99 ships worth 2.17 billion dollars

    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]

    bulk dry cargo_副本.jpg

    EU tries to solve its energy problem

    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]

    energy europe_副本.jpg

    Greece aims to expand its tourist season
    - How it plans to become a winter destination

    "Wanna feel 20 again? With warm winter temperatures up to 20℃, Greece is the place to be" states one of the billboards slated to appear in London, Berlin, Oslo and other capitals around Europe. It features an image of an older couple lounging on a yacht with wine glasses in hand. [More]

    greece tourism1_副本.jpg

    Greek economy shows strong resilience, outlook positive

    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]

    greek economy_副本.jpg

    Tailwind for renewable energy sources in Greece

    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]

    Renewable energy - Greece_副本.jpg
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