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EasyJet to add three more flights to and from Greece in its summer schedule

Low-cost airline EasyJet will introduce three more flights to Greece in its summer schedule from Chania and Corfu.Besides its daily flight to London (Gatwick), it will add two flights from Chania (Crete) to Lyon and Nice, and another linking Corfu with Venice.The tickets are already available on easyJet.com.The Chania-Lyon flight will be carried...
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DEPA: Competition Committee’s fine is “symbolic”

DEPA sources said on Wednesday that the 60,000 euro fine imposed by the Greek Competition Committee was “symbolic.”The Competition Committee imposed a fine on natural gas company for lack of compliance in one of the seven commitments it has undertaken since 2012 to strengthen competition in the gas market.“The Competition...
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Greece receives two binding offers for sale of DESFA share

Greece’s privatization agency (HRADF) received on Friday two binding offers for the acquisition of a 66 percent stake (31 pct stake owned by HRADF and 35 pct owned by Hellenic Petroleum) in the country’s natural gas grid operator DESFA.The binding offers were submitted by the following two consortia:– Snam S.p.A., Enagás...
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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 expenses grew 2.0 pct to 94.9 million euros in 2017, from 92.8 million in 2016, while personnel cost grew...
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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 balance of volume and price/mix growth which drove net sales revenue up 5.9 pct on an FX-neutral basis;...
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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 to BP under the offtake agreement, which was originally signed in 2013 and covered the period until 31 July 2...
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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, which will start in March 2018.Qatar Airways group chief executive AkbarAl Baker said:...
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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 potential, business ethics and work culture.New Democracy President Kyriakos Mitsotakis addressed the...
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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 PPC’s market share in 2017.The goal, set by a memorandum signed with the country’s...
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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 annual statistics released on Tuesday, said that container traffic reached the capacity limits of the...
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