The richest Greek woman (vid)
Vicky Safra, the richest Greek woman in the world with a fortune of $20.4 billion is unknown in Greece
- Written by E.Tsiliopoulos
Psychico assassination: The "lone wolf" killer had attempted to execute the surveyor the day before - What a witness said
A resident of the area described the moment of the murder of the surveyor Panagiotis Stathis in Psychiko.
- Written by E.Tsiliopoulos
ECONOMIST - Dendias: Greece will have strongest Armed Forces ever, after Agenda 2030 reforms
Greece spends over 2% of its GDP for defense, and this is a ticket to survival, National Defense Minister Nikos Dendias told the 28th Annual Economist Government Roundtable in a panel on Tuesday.
- Written by E.Tsiliopoulos
Evangelos Marinakis gets honorary doctorate at Massachusetts Maritime Academy for his long contribution to the shipping industry
Shipping tycoon and football club owner Evangelos Marinakis was honored with a doctorate at Massachusetts Maritime Academy for his long contribution to the shipping industry
The renowned US-based Massachusetts Maritime Academy conferred the degree of Doctor of Business Administration to Evangelos Marinakis
- Written by E.Tsiliopoulos
Greece introduces six-day work week - First EU country to do so
Greece has introduced a six-day working week for some businesses in a bid to boost productivity and employment in the southern European country, and it is raising quite a few eyebrows.
- Written by E.Tsiliopoulos
Cenergy Holdings: With the factory in Maryland and Greek cables aims to electrify the USA
The holding company with "Hellenic Cables" and "Corinth Pipeworks" is going for the American dream... With the investment for the development of a cable manufacturing plant.
Cenergy Holdings
The investment of Cenergy Holdings amounting to 200 million dollars will be made by the subsidiary "Hellenic Cables America" .
In the first phase, the factory in Baltimore, Maryland will manufacture land cables with the aim of meeting the demand in the US for the upgrades of the electricity transmission and distribution networks.
The first step was taken with the purchase of a waterfront plot in Wagners Point, Baltimore, an area of approximately 153,800 sq.m. (38 acres), after successfully completing a lengthy due diligence process and obtaining all customary approvals in similar transactions.
By the end of 2024 the factory will start construction.
The electrification of the USA
In the US, the Biden administration has set particularly ambitious targets for decarbonisation through electrification with green energy.
One only has to look at the targets set for the development of offshore wind farms. According to the corporate presentation of Cenergy Holdings, today's electricity generation capacity from offshore wind farms is just under 50 GW. The revised target for 2030 – 2035 shows around 80 GW, while for 2050 a quintuple of the current installed capacity is foreseen to 200 GW.
A massive $369 billion green transition aid package is being run by the Biden administration, prompting European companies involved in green transition activities to rush to develop decarbonization projects.
The US president has promised a $2 trillion plan to get the US to zero CO2 emissions by 2050.
In this environment major projects to modernize and expand electricity transmission and distribution lines are in full swing to bring the growing production of green energy to consumption centers.
Cynergy Holdings, a Belgian-based multinational with Greek interests, is also vying for a share in the US market
Hellenic Cables America, a subsidiary of Cenergy, last April won a $58 million tax exemption from the Biden package that it will use for its new investment.
Extroversion
Cenery Holdings companies make 70% of their sales in 70 countries.
Large and emblematic electrical interconnection projects of offshore and onshore wind farms as well as transmission lines from coast to coast or in onshore areas as well as pipeline transportation of natural gas, oil, are among the achievements of the holding company.
76% of sales are made in Europe, 12% in the Americas, 11% in Asia and Oceania and 1% in Africa.
Cenergy's backlog of projects is steadily moving above 3 billion euros, with 2023 locked in at 3.15 billion euros. Most of the orders of around 2.5 billion euros come from the cable sector.
In total, Cenergy's sales in 2023 amounted to 1.63 billion euros and operating profitability to 213.8 million euros. With the management having as guidance for 2024 operating profitability of 230 to 250 million euros.
Of the sales over 1 billion euros ($1.047 billion) came from the cables as well as from operating profits of 150.3 million euros again from the same sector.
The factories
Cenergy Holdings has 5 factories in 4 countries and 4 auxiliary units, while in the last 12 years it has invested approximately 680 million euros continuing to expand its production lines.
The Maryland plant, when built, will be Cenergy's new line of fire to capitalize on the next decade's megatrends in the cable sector: Electrification and energy security.
- Written by E.Tsiliopoulos
New finds linked to Antikythera mechanism
Greece's Culture Ministry has announced significant discoveries at the famous Antikythera shipwreck, shedding new light on the maritime history of the region and the lives lost in the ancient disaster.
- Written by E.Tsiliopoulos
Former British Museum director proposes new solution for Parthenon Sculptures
Sir Mark Jones, the former interim director of the British Museum, has proposed a shared ownership agreement for the Parthenon Marbles between the UK and Greece.
- Written by E.Tsiliopoulos
Female pilot ejects from Mirage 2000-5 fighter during landing
the pilot of the Mirage 2000-5, which was forced to eject yesterday during landing at the Tanagra air base.is experienced and highly trained, which is why she is safe and the aircraft intact.
- Written by E.Tsiliopoulos
Man executed in Psychico by assassin
Greek police sounded the alarm, as at 8:32 in the morning unknown persons shot and killed a man in the Athens suburb of Psychiko.
- Written by E.Tsiliopoulos
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Diaspora led pharma gets grant for research against Parkinson's
Major funding, totaling 1.49 million dollars, for pioneering research to treat Parkinson's disease, was secured from the Michael J. Fox Foundation, by the Greek-American-owned pharmaceutical company Kannalife.
Belgian national sought on extradition warrant is arrested in Porto Rafti
A 64-year-old Belgian national was arrested on a warrant by the Central Port of Piraeus' Security Office in collaboration with the Port Authority's Narcotics and Smuggling Unit.
Hospital admissions due to Covid doubled since end-May
The number of people admitted to hospital and subsequently diagnosed as having Covid-19 has almost doubled since the end of May, reversing the trend seen during the same period in 2023, epidemiology professor and member of the National Public Health Organisation scientific committee Gkikas Magiorkinis said on Saturday, talking to journalist Tania Mantouvalou on the ANA radio station 'Praktoreio FM'.
He noted that this rise in numbers had come four to five weeks later during the summer of 2023, indicating that circulation of the virus might continue to rise, while pointing out that it was too soon to draw any firm conclusions.
"We do not, however, expect anything dramatic that will put pressure on the health system," he added.
Magiorkinis noted that existence of new FLiRT strains of the virus that are more easily transmitted in outdoor areas, noting that those with greater vulnerability should take precautions in crowded areas, test when they develop symptoms and promptly seek treatment with antiviral medication.
He said that Covid-19 remained the most significant infection that exists at this time and those in vulnerable groups, including persons aged over 60-65, are advised to get an annual booster shot, in some cases even two. For those without health problems who are under 60 there is no recommendation to get a booster shot, he added.
Fires in Stamata, Keratea, Distomo, Ritsona, Zakynthos without active fronts - One dead from heart failure, houses burned
Attica was put to the test by fire on Sunday (30/6) as the Fire Brigade faced two large fires that broke out a few hours apart in Keratea and Stamata.