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Greece

Attica Group Acquires Majority Stake in Hellenic Seaways

Attica Holdings S.A. (Attica Group) announced an agreement in principle, with Piraeus Bank and other minority shareholders for the acquisition of 39,039,833 shares in total of Hellenic Seaways Maritime (HSW) representing 50.30% of the share capital of HSW. The total...

Piraeus Bank New CEO Races to Reach Target for Reducing Bad Loans

Christos Megalou, the new chief executive officer of Piraeus Bank SA is trying to make up for lost time, says a report in Bloomberg. Megalou must offload 4 billion euros ($4.6 billion) in bad loans by the end of the...

Greek Ferry Companies Seeking to Move Abroad

The economic and political uncertainty in Greece is forcing many Greek shipping companies to consider moving their ferries to other seas. Recent political developments, capital controls, the referendum and the uncertainty over the signing of the new bailout agreement, all...

All Nissos Mykonos Passengers Safe in Samos

Τhe adventure the 174 passengers of  the ship Nissos Mykonos had on board came to an end as they have all safely been transferred to Karlovasi,  a town on the island of Samos, North Aegean. The ship traveling to...

Greek Ferries Chartered Out to Ease Cash Flow

Several Greek coastal shipping firms have resorted to chartering their ferries on foreign routes in order to secure some liquidity and continue operating. Companies believe that their smooth operation is being threatened by the negative course of the domestic maritime...

The Ultimate Guide to Mykonos in Pictures: More Than a Party Island!

Although the Greek island of Mykonos is known as the ultimate party destination, there is way more to enjoy on the famous Aegean island with the wonderful Crystal beaches, than just party your heart out!