Industries

The impact of the collapse in the Turkish lira last year had a predictable impact on Greek fish farming sales.

Although Greek aquaculture companies managed to sell greater quantities in 2018, according to the financial figures they released, the average sale prices dived due to pressures in foreign markets from the much cheaper Turkish fish.

It was no surprise that the investigation into the Novartis case has yielded its first results during a pre-election period. Regardless of what one may think about this concurrence, it cannot be denied that the political timing mandates that the investigation be wrapped up as soon as possible. 

No binding bids have been submitted for a majority stake in Greece's biggest oil refiner Hellenic Petroleum, dealing a blow to a key part of a planned sell-off of state assets mandated by international bailouts.

Greece has set an April 3 deadline for shortlisted investors to submit binding bids for a majority stake in its biggest oil refiner, Hellenic Petroleum, two sources close to the sale said on Wednesday.
Greece and Paneuropean Oil and Industrial Holdings are jointly selling a 50.1 percent stake in Hellenic.

In February, 2018, Alternate Justice Minister Dimitris Papangelopoulos told Parliament that the Novartis scandal is the biggest since the founding of the modern Greek state in 1830, even bigger than the Siemens scandal.

One year later, the Novartis affair is turning into the biggest fiasco for the SYRIZA government.

Over 30 senior cruise executives responsible for ports and destinations at the world's biggest cruise lines will be participating in the biennial Posidonia Sea Tourism Forum that will be held on May 28-29 at the Domotel Kastri Conference Center in northern Athens.

An internal investigation by Swiss drugmaker Novartis AG has failed to find any evidence of illicit payments made by the company into the accounts of Greek state officials, Bloomberg reported Wednesday.

The overall industry turnover (domestic and foreign market) increased by 4.3pct in January 2019 as compared to the same month of the previous year and by 4pct as compared to December 2018, according to data published on Thursday by the National Institute of Statistics (INS).

The tourism and travel sector in Greece grew 6.9 percent last year, a rate that was three-and-a-half times higher than the growth rate of the entire Greek economy, a survey by the World Travel and Tourism Council (WTTC) has noted.

The survey illustrated that tourism accounted for 20.6 percent of the country's gross domestic product, against a global rate of just 10.4 percent.

The announcement on Thursday that US energy giant ExxonMobil has made a "world-class" discovery in Block 10 of Cyprus's exclusive economic zone (EEZ), containing 5-8 trillion cubic feet of gas, was widely seen as signifying that the energy game in the Eastern Mediterranean has only just begun and the main players' next moves will determine their future geopolitical position in the wider region.