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.

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.

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.

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.

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.

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.

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.

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.

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.

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.