The rise and fall of «Marinopoulos»
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The rise and fall of «Marinopoulos»

The Marinopoulos family dominated the Greek retail trade and pharmaceutical industry for decades. It began in 1893 with a pharmacy in Solon, while in 1949 FAMAR was founded. In 1962 he opened the first supermarket in Kolonaki. Dimitris Marinopoulos was president of BSE in 1966-1970 and 1974-1978. The family brought to Greece Marks & Spencer (1990), Gap (2008) and Starbucks. In June 2016 the chain went bankrupt with debts of more than 1 billion euros due to overborrowing, incorrect handling and family disputes. The network passed to Slavenis, and recently lost Starbucks.

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Over $100 after the American blockade of Iranian ports
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Over $100 after the American blockade of Iranian ports

The price of American oil again exceeded $100 a barrel on Sunday to Monday night, in the first transactions after opening markets. The rise followed the announcement of the US armed forces to block Iranian ports, due to the absence of an agreement to end the war in the Middle East. West Texas Intermediate (WTI) for delivery in May rose 7%, while Brent North Sea for delivery in June reached 101.80 dollars with an increase of 6.8%.

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Why is convergence with the Eurozone slow
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Why is convergence with the Eurozone slow

The Greek economy is improving, but convergence with the Eurozone is lagging behind. Per capita GDP reached 68% of the EU average. in 2025, but without exceeding the 2008 level. According to Declan Costello of the European Commission, household purchasing power remains below the pre-crisis levels. Obstacles are the business environment, demographic trends, labour taxation and skills mismatch. The Recovery Fund helped, but Greece will continue to rely on European funds after its expiry in 2026.

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Lobster: From «frozen» plans, at the 500m-euro marina -The project that returns with international players and great expectations
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Lobster: From «frozen» plans, at the 500m-euro marina -The project that returns with international players and great expectations

After years of stagnation, the great project of exploitation of the port in Platygiali Astakos comes back dynamically. The Environmental Impact Study for Nautilus Project, an investment of over 500m euros, was put in public consultation. Alpha Bank and Piraeus Bank, through Lobster Terminal S.A., undertake the implementation. The project envisions a 350-seat five-star marina, luxury hotels, residences and commercial spaces in 1,800 acres. 800-1,000 jobs are expected to be created. Mayor Xiromerou Giannis Triantafyllakis stresses that the investment will bring growth across Western Greece.

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