About 110 miles south of Oslo, along a highway lined with pine and birch trees, a shiny fueling station offers a glimpse of a future where electric vehicles rule.
INDUSTRY
Geopolitical developments provide a unique opportunity for Greece’s domestic defense industry, National Defense Minister Nikos Panagiotopoulos said at the DEFEA 2023 Defense and Security Fair in Greece on Tuesday.
The relaunching of works and the productive output of the Elefsis Shipyards, in Attica, “means rather a lot, because after so many years we can again secure our work, our salary and the money we thought was lost,” accident prevention worker Dimitris Charitos told the Athens-Macedonian News Agency on Saturday.
European Union authorities should place a ceiling on energy prices for energy-consuming industries each time prices skyrocket and cover the cost from EU funds or member-states, Εvangelos Mytilineos, president of Eurometaux and CEO/chairman of Mytilineos Energy & Metals, said in an interview with Politico.
A Mytilineos SA general shareholders’ meeting on Monday approved a board plan to raise the price ceiling of a share buyback program from 25 to 40 euros and create a special reserve up to €20 million euros to cover the company’s participation in investments included in the development law.
ΟΝΕΧ will distribute 1.8 million euros as financial support to workers at Elefsis Shipyards ahead of the Easter holidays, covering 30% of the previous ownership’s debt to workers, Chairman and CEO Panos Xenocostas said in a letter.
Greek manufacturers signaled a solid upturn in operating conditions during March, according to the latest PMI data from S&P Global with the seasonally adjusted S&P Global Greece Manufacturing Purchasing Managers’ Index at 52.8 points in March, up from 51.7 in February.
Titan Group reported a 33.1% jump its 2022 sales, totaling 2.282 billion euros, and said that the US and Greek markets accounted for more than 70% of group sales.
The European Commission on Thursday will present the centrepieces of its strategy to ensure its industry can compete with the United States and China in making clean tech products and accessing raw materials required for the green transition.
Greece is becoming a gateway for LNG to the rest of the world, Evangelos Mytilineos, chairman and CEO of the Athens-listed Mytilineos Group, said on Monday during an interview with CNBC.
Mehmet Alkan, a shoe-sole manufacturer in Turkey’s earthquake-hit south, doesn’t know what will become of his company after some of his 220 employees died and half fled, reflecting the difficult transformation ahead for industry in the region.
Industrial turnover rose 16.7% in December for a 33.1% jump in 2022, Hellenic Statistical Authority said on Monday.
Fincantieri signed memorandums of understanding (MoUs) with Elefsis Shipyards and Greek industrial companies at the Italian Embassy in Athens on Sunday, it said in a tweet on Monday.
The joint venture of GEK Terna and AD Holdings, officially declared last week as the preferred investor for mining company Larco’s mines and factory, has a 250-million-euro business plan aimed at gradually increasing the production of ferro-nickel and nickel sulfate to 20,000 tons per year.
Greece’s Development and Investment Ministry on Monday launched procedures to find a strategic investor to participate in Hellenic Aerospace Industry SA with an equity stake of up to 49%.
Greek industry has sent a distress signal to the prime minister through a letter, asking for a meeting with him and for his immediate intervention to deal with the effects of soaring energy costs.
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