Lending by Greek banks to the Greek-owned shipped sector accounts for 27 percent of total financing extended to the latter, according to members of the Association of Banking & Financial Executives of Hellenic Shipping, who met this week with relevant shipping minister Christos Stylianides in Piraeus.
In briefly presenting the association’s work, association president Giorgos Xiradakis cited a reduction of Greek shipping loans in foreign banks’ portfolios, especially after the collapse of Lehman Brothers in 2008. He said Greek banks picked “up the “slack” after 2009, along with alternative forms of financing, such as public offers and listing in foreign stock markets, lending by Funds, leasing houses etc.
The 27-percent figure cited corresponds with 14 billion USD in value.
In his comments, Stylianides, a former EU Commissioner, cited the crucial role of Greek shipping in safeguarding the fulfilment of the EU’s energy needs.
Members of the association also called for new and innovative financing schemes to support the future decarbonization of shipping and a gradual energy transition.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
e-EFKA: “Thaleia” Answers Policyholders’ Questions
It is a service provided by the organization, aimed at enhancing the experience for individuals with special needs.
PM Mitsotakis Outlines 2025 Goals for Growth and National Interests
"The government’s work will remain intense and multifaceted, so that day by day, something changes and the lives of all citizens become better," the prime minister stated
Tender for Repairs on Athens Olympic Stadium’s (OAKA) Iconic Roof
Tender for OAKA project, which is expected to exceed 78 million euros, stipulates that repairs, maintenance must be conducted while venue remains open for events
Louis-Dreyfus Family Eyes 21% Stake in Thessaloniki Port
The newly created Amsterdam-based LeonidsPort company has submitted a voluntary public offer for 21%
EUIPO Throws Out Turkaegean Trademark
The trademark had been filed by the Türkiye Tourism Promotion and Development Agency (TGA) in 2021 and immediately generated heated opposition by Athens
Economic Sentiment Indicator in Greece Drops Slightly in Dec.
The data revealed that the primary drivers of the slight drop were the industrial and retail trade sectors. Conversely, construction and consumer confidence improved.
Greece’s Trade Deficit Surges by 18.7% in Nov. 2024
For the first 11 months of 2024, the total value of imports reached 77.3793 billion euros, a 1.9% rise compared to 75.9482 billion euros in the same period of 2023.
Installing EV Chargers in Your Building is Harder than You Think
So, you just bought an EV in Greece and can’t wait to set up a charger in your apartment building’s parking space? Not so fast—there are a few hurdles you’ll need to clear first.
Greece Announces Grants to Unemployed for New SMEs
Unemployed individuals seeking 12-month grants to fund the creation of new SMEs can apply online until January 21.
Port of Piraeus Reports Record-breaking Year for Cruise Sector
First cruise ship of the season, Viking Saturn, greeted at Greece's largest, busiest port
