International investors increased their presence in the Athens Stock Exchange in 2025, pushing foreign participation…
Tag: Energy Sector
Athens, Greece – Greek petroleum trading company Cetracore-Jetoil SA has unexpectedly suspended its operations, citing…
Greece’s transformation from a “crisis case study” to a “success story of strong recovery and…
Greece is being hailed as an international “success story” at the IMF Annual Meeting in Washington, with Finance Minister Kyriakos Pierrakakis highlighting the country’s steady debt reduction, strong investor confidence, and ongoing economic reforms. Despite global uncertainty, Greece is projected to lower its debt-to-GDP ratio to 137.6% by 2026 while fostering growth, investment, and fiscal stability.
The US Treasury has imposed sanctions on a Greek shipper, Antonios Margaritis, and his network of companies for facilitating Iran’s oil exports. Targeting nine firms and 12 vessels, the measures aim to disrupt Tehran’s energy sector following a US-brokered ceasefire in June 2025.
Greek Prime Minister Kyriakos Mitsotakis will visit Kozani on Thursday, April 3, to promote development and unveil the Public Power Corporation’s new investment plan for Western Macedonia. Speaking at events focused on a “Just Developmental Transition” and entrepreneurship, Mitsotakis aims to highlight the region’s shift toward a sustainable economic future.
The Athens Exchange hit a 14-year high, with the General Index surpassing 1,630 points, driven by a strong banking rally and solid performance in the energy sector. Notable stock movements included Alpha Bank’s major transaction and significant gains for Eurobank and Metlen. Trading volume remained high, with turnover exceeding 375 million euros, reflecting strong market activity.
Karelia Tobacco Industry ranks 105th on the “Forbes – The Greek List 100+”, being the only company from Messinia with a turnover exceeding €100 million. With an 8% increase in revenue for 2023, it continues to demonstrate strong performance alongside Greece’s largest businesses in energy, retail, and industry.
Ukrainian Foreign Minister Andriy Sybiga called on Australia to enhance its military support for Ukraine’s fight against Russia. Speaking alongside Australian Foreign Minister Penny Wong, Sybiga emphasized the urgent need for additional aid, including more Bushmaster armoured vehicles. Wong pledged to relay these requests back to Australia and announced additional financial support for Ukraine’s reconstruction and energy sectors, as well as the reopening of the Australian embassy in Kyiv.
Vardis J. Vardinoyannis, a highly regarded figure in Greek business, whose influence shaped the nation’s energy, shipping, and philanthropic sectors, has died at the age of 91.
Cyprus successfully thwarted a digital attack aimed at disrupting access to its central government portal, part of a series of recent attacks targeting state-run utilities and a Greek energy subsidiary. Officials confirmed a quick response prevented significant impact, with no data breaches reported.
Greece’s energy sector is rapidly evolving with 7.2 billion euros in transformative deals over the past nine months. Highlighted by Masdar’s 2.4 billion euro acquisition of Terna Energy, these developments underscore Greece’s growing influence in renewable energy across southeastern Europe.
Greek energy firm Mytilineos is contemplating a significant move that could have a substantial impact…
