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Fourteen new shipping companies in Piraeus port, shipping ministry reports

A total of 14 shipping companies (managers and brokers) began operations in Piraeus, raising the number of companies requesting licences and hiring staff in Greece to around 290 in the last three years, the shipping ministry said in a report released on Monday.The ministry report noted that, according to official figures released by the Bank of...
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Hellenic Statistical Authority: Greek exports up 15.5 pct in November 2017

Greek exports jumped 15.5 pct in November 2017 while imports grew 4.0 pct in the month, with the country’s trade deficit shrinking by 11.5 pct, official figures showed on Monday.Hellenic Statistical Authority, in a monthly report, said that the value of import-arrivals totaled 4.053 billion euros in November from 3.897 billion in November 2016,...
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Die Welt: Greece is recovering from the crisis, economy finally grew again

Greece is recovering from the crisis and the economy finally grew again last year, German newspaper Die Welt says in an article published on Saturday.The paper says the Greek economy is expected to perform better in 2018 and there is optimism on the Athens Stock Exchange, “and the momentum is still continuing.” The European Commission expects gro...
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Zonebourse: Greece expected to be upgraded by S&P and Fitch in coming week

Greece and Portugal will likely be upgraded in the coming weeks by ratings agencies, French financial website Zonebourse reported on Friday.The website said that, in accordance with the CRA3 regulations, Moody’s, Fitch and Standard & Poor’s have all published their Sovereign Rating Review Calendar and the two countries are up for a revision.“Gr...
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Greek stocks ended significantly higher in the Athens Stock Exchange on Thursday

Greek stocks ended significantly higher in the Athens Stock Exchange on Thursday, pushing the general index of the market above the 820-point level to close at its highest level since August 31, 2017. The index rose 1.03 pct to end at 825.78 points, off the day’s highs of 826.32 points. The Large Cap index rose 0.80 pct and the Mid Cap index ended...
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Hellenic Ports Union: Cruise ship arrivals and passenger visits drop in 2017

Greece recorded a drop in cruise ship arrivals and passenger visits in 2017 compared to 2016 due to political instability and geopolitical developments in surrounding destinations of the eastern Mediterranean region, which sharply reduced cruise ship traffic at the ports of these countries.According to figures released by the Hellenic Ports Union...
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