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ECONOMY
ECONOMY
EUROSTAT
Greece in the trio of EU and Eurozone countries with the largest debt ratio reduction
Greece is among the trio of eurozone and EU member states with the largest reduction in the debt-to-GDP ratio in the second quarter of 2024, both in relation to the first quarter of the year and on an annual basis according to Eurostat.
ECONOMY
ECONOMY
ELSTAT
Primary surplus at 2,1% of GDP
At 2.1% of GDP, or €4.658 billion the primary surplus for 2023 was finally reached, higher than the 1.9% initially estimated and much higher than the 1.1% of GDP projected in the 2024 budget.
BUSINESS
BUSINESS
GEK Terna
Contribution of €4.8 billion to Greece's GDP
The substantial contribution of GEK TERNA Group to the national economy and the Greek society was once again highlighted through a study "Socio-Economic Impact Assessment (SEIA) for the period 2022-2023".
BUSINESS
BUSINESS
TRADE ESTATES
Preliminary agreement with Lamda Development for the Retail Park
Lamda Development and Trade Estate have signed the notarial contract for the sale of the retail park within the commercial hub for a total price of €31 million.
MARKETS
MARKETS
Athens Stock Exchange
Cautious attempt to rise
The Athens Stock Exchange is attempting to return to positive territory today (15/10), with investors engaging in selective moves, giving a fragile lead to buyers.
MARKETS
MARKETS
JP MORGAN
What an upgrade of the Athens Stock Exchange means
JP Morgan in a special report discusses in detail the FTSE Russell announcements and the possible revision of Greece to a developed market.
BUSINESS
BUSINESS
Theo International
92% jump for revenues in 9 months
THEON continued its growth and profitability in the 9-month period of 2024. New orders increased by 47.4% compared to 9M 2023 to €121 million, with significant new orders expected to be received in the coming months.
ECONOMY
ECONOMY
COPELOUZOS GROUP
Agreement with EGAS for the export of Egyptian gas
Copelouzos Group has signed a strategic agreement with Egyptian Natural Gas Holding Company (EGAS) for the establishment of a joint venture in Greece, which will manage the marketing, supply, transportation and replenishment of natural gas reserves in the wider Eastern European region.
MARKETS
MARKETS
Athens Stock Exchange
NBG and Cenergy dragged the market in a low turnover session
The 10th negative close in the last 12 sessions, the Athens Stock Exchange completed its 10th negative close in the last 12 sessions, with sellers reversing the morning lead of buyers.
None
None
BENNY Steinmetz
Israeli mining magnate awaits Greek court ruling on arrest warrant
Israeli mining magnate Beny Steinmetz has been freed from custody in Greece but banned from travelling outside the country as he awaits a court ruling on a Romanian-issued arrest warrant, police and legal sources said Monday.
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