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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 move sideways at midday, Trends are mixed
Stocks in Athens moved sideways in midday trade, following Europe’s cautious stance. Banks are slightly higher with investors awaiting the third quarter earnings reports next week.
BUSINESS
BUSINESS
Prodexpo Conference
No risk of housing bubble in Greece; Lack of green warehousing
There is no risk of housing bubble in Greece, panelists at the Prodexpo Conference concluded. Still, warehousing demand is rising while the market lacks green warehousing logistisc.
ECONOMY
ECONOMY
Constructions
Building activity rises sharply in July; Volumes +20.6% y-o-y
Building activity was robust in July, with the number of building permits rising 7.5% y-o-y which corresponded to 20.6% higher volumes.
BUSINESS
BUSINESS
Cenergy Holdings
Announces new 275km offshore inter-array cables project win in UK
Hellenic Cables has signed a contract with Seaway7 for the East Anglia THREE offshore wind farm which is being developed by ScottishPower Renewables.
MARKETS
MARKETS
Stock market
Shares rise slightly in mixed trade
A moderate bounce is seen possible at today’s session, while banks should come under the spotlight gradually, ahead of the third quarter earnings reports next week.
BUSINESS
BUSINESS
Duty Free Shops
Plans new openings; To post one of best annual earnings performance
Duty Free Shops plan expansion with new openings in airports, smaller port and border stations, CEO Maria Ioannidou said. Duty Free Shops are expected to register one of the best yearly earnings performance.
BUSINESS
BUSINESS
PPC
Completes acquisition of minority stakes of Fondul in ENEL Romania
PPC says that it has completed the acquisition of all the minority equity stakes of Fondul held by Enel Romania for a consideration of 130 million euros.
ECONOMY
ECONOMY
ECB
Lagarde praises Greek economy's return to pre-Covid levels
ECB's president said that Greek bonds are now eligible to participate in ECB's repurchase programs, as they have been excluded due to their "junk" status.
MARKETS
MARKETS
Stock market
Shares closed down but off intraday lows
Equities close lower but contained earlier losses , despite domestic positive news flow. Europe end in the red, amid a slew of weak corporate earnings.
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