Piraeus Port Authority says pre-tax profits up 92 pct in 2017

Piraeus Port Authority on Wednesday said its pre-tax profits totaled 21.2 million euros in 2017, from 11 million in 2016, for a spectacular increase of 92 pct, while net profits soared 68.6 pct to 11.3 million euros from 6.7 million. Operating [...]

Coca-Cola HBC says profits up 27.7 pct in 2017

Coca-Cola HBC AG on Wednesday reported a 27.7 pct increase in its 2017 profits in 2017, with comparable net profits totaling 449.7 million euros from 352.1 million in 2016. In an announcement, the company attributed this development to a good [...]

Energean extends deal with BP until 2025

Energean Oil & Gas on Monday announced the extension of the Prinos long-term offtake agreement with BP Oil International Limited until 1 November 2025. All of the Group’s production of crude oil from the Prinos basin is currently sold [...]

Qatar Airways launches Doha-Mykonos direct flights

Qatar Airways will launch direct flights Doha-Mykonos, with the first to be held on 30 May 2018. Mykonos will be the third Greek destination added by the award-winning company to its rapidly expanding global network after the addition of Thessaloniki, [...]

Eurobank, Grant Thornton present Growth Awards

Eurobank and Grant Thornton on Tuesday presented the Growth Awards to businesses that stood apart from the competition, despite the crisis, combining high financial performance, unique corporate history, domestic presence with outward-looking [...]

Lignite and hydroelectric auction to lower PPC’s market share

Greece will hold the sixth auction – first for 2018 – of lignite and hydroelectric production by Public Power Corporation on Wednesday, with higher than initially scheduled quantities, as the country failed to achieve a goal to reduce [...]

Thessaloniki Port reports 10-year record in container traffic in 2017

Thessaloniki Port Authority on Tuesday reported a 10-year record for container traffic in 2017, as well the second highest performance in the last 20 years, despite prolonged strikes by customs workers in Gate 16. The port authority, in its [...]

Trenitalia will invest 500 mln euros in TrainOSE, Italian ambassador tells chamber

Italy’s Trenitalia will invest around 500 million euros in rolling stock to upgrade the Greek railways TrainOSE, Italian Ambassador to Greece Eficio Luigi Marras said in Thessaloniki on Monday. Trenitalia is owned by state-run Ferrove dello [...]

Windpower investments up significantly in 2017

The year 2017 was the second best year for investments in windpower parks after 2011, Hellenic Scientific Association of Wind Energy (ELETAEN) said in a report released on Monday. Specifically, a total of 282 MW were added in the windpower capacity [...]

ICAP Group says 2017 revenue up 7.0 pct

ICAP Group on Monday said its revenue grew 7.0 pct in 2017 to 68.7 million euros -the highest in its history- along with improved market shares in most sectors. Nikitas Konstantellos, chairman and CEO, said: “We are happy that in 2017, [...]