Greek daily news

Greek Daily News 07/02/2024

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ECONOMY

The renovated main vault of the Bank of Greece was inaugurated on Tuesday and now boasts cutting-edge sorting, inventory management, and security systems, To Vima reported. Presently, Greece retains 47% of its gold reserves domestically, while the rest is distributed among the United States (29%), Britain (20%), and Switzerland (4%).

BUSINESS

In the first five weeks of 2024 startups of Greek origin have raised close to $45 million in 14 rounds of funding from 13 international investors, data from Greek investment fund Marathon Venture Capital showed.

CAPITAL MARKET

Theon International Plc was listed on the Amsterdam stock exchange, after it managed to successfully complete this year’s first initial public offering (IPO) in Europe. The Greek company with an international footprint specializes in the development and manufacture of customizable night vision and thermal imaging systems for military and security operations.

SHIPPING

-A total of 41 investment projects were submitted to the tender for the upgrade of Greek ports, Naftemporiki reported. The public expenditure is estimated at 139,090,800.00 euros and will be funded by the Recovery and Resilience Facility (RRF).

-The Piraeus Port Authority (PPA) managers inaugurated on Tuesday the extension of its car terminal, by nearly 40,000 sqm to the north side of the port, increasing the port’s capacity for car trade, AMNA reported.

TOURISM

Arrivals from Ireland are expected to register another strong performance this year following an increase of 33% in the first nine months of 2023, according to the Greek National Tourism Organisation (GNTO) which participated in the Holiday World Show Dublin 2024 (26-28/01/2024), the most important tourist event of the year for Ireland.

GENERAL

Groups of protesting farmers and stockbreeders in Greece on Tuesday decided to intensify mobilizations around the country by blocking highways and border posts in demand of greater state supports and subsidies, local media reported.