business news
important greek export business news
News, events, exhibition participations and other important subjects worth mentioning, in compact form by Greek Companies and our dedicated news center team.
All business news and posts related to the Greek Export community are updated on demand.
*If you want to contact us for another reason please visit the Contact us section.
Listings of Business News
Around 1864 Vasileios Mavrakis and Nikolaos Vyrlos founded the winery and distillery named “Agamemnon Distillery”, focusing mostly on the production of wine distillates. The company’s location at the time was “Hephaestus Square” in the center of Argos. Until early 2000s many underground handmade wine tanks (property of Mavrakis Distillery) were found in various building excavations. Just after 1864 the distillery evolved and also produced pure alcohol apart from wine and distillates.The distillery invested in new equipment and installed a steam boiler distillation machine. In that era’s newspapers our distillery was referred to as the first “Steam-Generated” distillery (relevant photo below). During those years the company started exporting spirits, distillates and brandy to various Soviet Union and Middle Eastern countries. We still preserve bottles of that period with Russian and Arabic labels.After World War I the Greek government imposed a monopoly in alcohol production and therefore our Distillery stopped that specific business venture.
ELDON’S is a science and technology-based organization. Investing on these sectors is an integral part of its philosophy. We produce technologically superior products and provide unmatched services. The company applies innovative methods of product development and production, uses state of the art control systems, and utilizes 100% of every available resource. Such an operational scheme is essential, not only for evolving the services and products it offers but also for creating new ones.ELDON’S was established in 1975 and today is one of the largest production and trading companies in Greece, offering a full range of synthetic and conventional lubricants, food grade lubricants, greases and special products (such as emulsions, special motor liquids, etc.).Since its foundation, the company is in a constant state of expansion. For almost 5 decades, ELDON'S has consistently provided high technical expertise, know-how and robust specialization in the lubrication industry.ELDON’S' headquarters are located in Athens. It also has two production sites in Greece, as well as three warehouses and distribution centers, two in Greece and one in Plovdiv, Bulgaria. In addition to the Greek market, ELDON’S distributes its products to 30 countries around the world including the regions of Europe, Asia, Africa and America.
China’s exports growth missed expectations in May, dragged down by a sharp decline in shipments to the U.S., despite a temporary trade truce that paused most tariffs for 90 days.Chinese exports to the U.S. plunged 34.5% from a year ago, marking the sharpest drop since February 2020, according to Wind Information. Imports from the U.S. dropped over 18%, as the country’s trade surplus with the U.S. shrank by 41.55% year-on-year to $18 billion.Overall exports rose 4.8% last month in U.S. dollar terms from a year earlier, customs data showed Monday, shy of Reuters’ poll estimates of a 5% jump.Imports plunged 3.4% in May from a year earlier, a drastic drop compared to economists’ expectations of a 0.9% fall. Imports had been declining this year, largely owed to sluggish domestic demand.That was largely offset by its shipment to the Southeast Asian bloc, which jumped nearly 15% from a year, and those to European Union countries and Africa, which rose 12% and over 33%, respectively.
