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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".
MARKETS
MARKETS
Stock market
Shares end down in high volatility; Alpha gives up 3.3%
Shares ended lower on Wednesday, in high volatility with the general index visiting both territories. Volumes were light.
ECONOMY
ECONOMY
Budget
Jan-Sept primary surplus beats target; VAT stronger-than-expected
Greece posts a primary budget surplus of 6.0 billion euros in the first nine months of the year, against the budget target of 2.4 billion euros in surplus. VAT, personal income tax and ENFIA property tax exceed targets
ECONOMY
ECONOMY
Bank credit
Private sector credit expansion gathers pace in Sept; At 2.1%
Bank credit to Greece’s private sector increased to 2.1% in September from 0.9% in the previous month, central bank data showed. Credit to households was positive by 34 million euros.
MARKETS
MARKETS
Bank deposits
Private sector deposits rise further in Sept; At 191.7b euros
Private sector bank deposits rise further in September, boosted by both corporate and households’ savings, amounting 191.7b euros
MARKETS
MARKETS
T-bills
Greece sells 6-mo T-bills at slightly higher yield
Greece raises 812.5 million euros through the offering of 26-week Treasury bills which yielded 3.92% slightly up from 3.90% in the previous similar sale in September.
MARKETS
MARKETS
Stock market
Equities drop slightly; Investors chew over developments in banks
Shares in Athens fall slightly at midday in range-bound trade. Investors are assessing the next step of the banking sector following Alpha's mega-deal with Unicredit.
MARKETS
MARKETS
PPA
Reports record earnings performance due to cruise business
Third quarter profits rise 28% y-o-y to 27.1 million euros. EBITDA is up 26%, while revenues increase 18% to 62.3 million euros.
BUSINESS
BUSINESS
Motor Oil
To allocate '23 interim dividend of 0.40 euros/shr
Ex-interim dividend date is set on December 18, while the first day of payment of the dividend is set on December 22.
MARKETS
MARKETS
Stock market
Equities trade flat, taking a breather; Alpha falls slightly
Stocks in Athens are flat in early trade, taking a breather after Alpha’s hectic rally on the back of the mega-deal with Unicredit which sent the borader market sharply higher.
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