
Helleniq Energy on Thursday reported strong nine-month results on the back of what it called a favorable refining environment, while also unveiling higher operating performance and exports.
HelleniQ cited robust adjusted EBITDA at 400 million euros and adjusted net income of 218 million euros for the third quarter.
Nine-month EBITDA reached 968 million euros; 496 million euros in adjusted net income.
In briefing market analysts on Thursday, HelleniQ CEO Andreas Shiamishis also fielded a question over the group’s potential interest in the large Lukoil refinery in Burgas, on the Black Sea.
The HelleniQ chief merely responded that the group is closely following the development, reminding that the unit in Bulgaria is no longer run by Lukoil, following the Russian invasion of Ukraine. The refinery has passed into the hands of the Bulgarian state.
At the same time, he said the HelleniQ group is committed to reducing its carbon footprint, as cited in its Vision 2025 investment plan, in tandem with boosting investment in RESs and «clean energy».
In a related development, media reports this week again referred to the prospect of revisiting the decades-old Burgas-Alexandroupolis pipeline project. However, in a significant difference from the previous plan, a new pipeline would ship crude oil to Bulgaria after off-loading at the northeast Aegean port of Alexandroupolis, instead of off-loading in Burgas and transporting by pipeline to Alexandroupolis.
Unconfirmed reports cited interest by HelleniQ Energy and the Copelouzos group.


Latest News

New Exposé by Domumento Reveals Nefarious Triangular Link of ‘Black Money’ with New Democracy, Blue Skies, & Truth Team
The latest exposé by the Documentonews.gr news site lays bare what appears to be a surreptitious path of indirect financing of ND through the business sector—transactions that, as widely understood, rarely occur without expectations of reciprocal benefit

PM Meloni Meets Vice President Vance in Rome Signalling Optimism on Ukraine Talks
Meloni emphasized the strength and strategic value of the Italy-U.S. partnership.

Airbnb: Greece’s Short-Term Rentals Dip in March Amid Easter Shift
Data from analytics firm AirDNA shows that average occupancy for short-term rentals dropped to 45% in March, down from 49% the same month last year.

Easter Week in Greece: Holy Friday in Orthodoxy Today
At the Vespers service on Friday evening the image of Christ is removed from the Cross and wrapped in a white cloth

Meloni and Trump Meet in Washington, Vow to Strengthen Western Ties
“I am 100% sure there will be no problems reaching a deal on tariffs with the EU—none whatsoever,” Trump stressed.

ECB Cuts Interest Rates by 25 Basis Points in Expected Move
The ECB’s Governing Council opted to lower the deposit facility rate—the benchmark for signaling monetary policy direction—citing an updated assessment of inflation prospects, the dynamics of underlying inflation, and the strength of monetary policy transmission.

Current Account Deficit Fell by €573.2ml Feb. 2025: BoG
The improvement of Greece’s current account was mainly attributed to a more robust balance of goods and, to a lesser extent, an improved primary income account

Hellenic Food Authority Issues Food Safety Tips for Easter
Food safety tips on how to make sure your lamb has been properly inspected and your eggs stay fresh.

Greek Kiwifruit Exports Smash 200,000-Ton Mark, Setting New Record
According to data by the Association of Greek Fruit, Vegetable and Juice Exporters, Incofruit Hellas, between September 1, 2024, and April 17, 2025, kiwifruit exports increased by 14.2%.

Easter Tourism Boom: Greece Sees 18.3% Surge in Hotel Bookings
Among foreign markets, Israel has emerged as the biggest growth driver, with hotel bookings more than doubling—up 178.5% year-on-year.