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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.
MARKETS
MARKETS
Athens Stock Exchange
3rd consecutive positive session at the day's highs
Taking support from abroad and the ECB's new monetary easing, the Athens Stock Exchange managed to close in positive territory for the third consecutive session, taking advantage of the selective positioning of buyers.
BUSINESS
BUSINESS
Independent Power Transmission Operator
State Grid acquires 20% of Ariadni Interconnection
The Board of Directors of ADMIE confirmed the disposal of a 20% stake in the subsidiary Ariadni Interconnection to State Grid International Development Belgium Ltd, which had submitted a binding, improved offer in the relevant tender.
ECONOMY
ECONOMY
ECB
Third interest rate cut of 0.25% in 2024
The European Central Bank confirmed analysts' and markets' forecasts by cutting interest rates for the third time and for the second consecutive time by 25 basis points.
BUSINESS
BUSINESS
Cenergy Holdings
The US investment is the foundation of a new chapter
The Athens Exchange welcomed on Wednesday the management, executives, and partners of Cenergy Holdings on the occasion of the commencement of trading of the new shares of the company resulting from the capital increase of €200 million in cash and the cancellation of the pre-emptive rights of existing shareholders.
MARKETS
MARKETS
Athens Stock Exchange
Accumulation continues for the 3rd consecutive day
The Athens Stock Exchange continues to accumulate forces for the 3rd consecutive session, with investors engaging in selective positioning without however escaping the narrow limits of 1,400 - 1,470 units.
ECONOMY
ECONOMY
Bank of Greece
Cash primary surplus of €8.05 billion in 9 months
In the period January–September 2024, the cash result of the central government showed a surplus of €1,870 million, compared to a deficit of €494 million in the corresponding period of 2023.
BUSINESS
BUSINESS
Alfa Wood Group
Two new innovative production lines in Larissa with an investment of €8 million
Alfa Wood Group, a pioneer in the wood processing industry in Greece, announced the operation of two new production lines at its facilities in Larissa, an investment of a total of €8 million in two new production lines with a total building area of 11,000 m3.
ECONOMY
ECONOMY
Kostis Hatzidakis
Target reached earlier for interconnection of POS interconnection with cash registers
The achievement of the target for the interconnection of POS with cash registers 2.5 months ahead of the deadline was announced by the Minister of National Economy and Finance, Kostis Hatzidakis.
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