The Greek Deal.com
ECONOMY
S&P
Maintained BBB- investment grade for Greece
Standard and Poor's made no move yesterday evening, maintaining its BBB-investment grade rating (the lowest level of investment grade) with a positive outlook.
ELSTAT
Annual increase in retail sales in August, but decline from July
The turnover of retail trade businesses strengthened in August 2024 from the corresponding period last year, but from July 2024 it showed a significant decline, according to data released today by the Hellenic Statistical Authority.
ELSTAT
Greek industry turnover down 4.1% in August
Turnover in the manufacturing sector decreased both on an annual and monthly basis in August, according to provisional data from the Hellenic Statistical Authority.
Hellenic Competition Commission
Approval of the acquisition of joint control by More and TERNA Energy over Aeoliki
The Competition Commission has approved the creation of a joint venture through the acquisition of joint control by More and Terna Energy over Aeoliki.
Kostis Hatzidakis
GDP revision improves debt by 3.5%
Kostis Hatzidakis, the Minister of Economy and Finance, presented the advantages to the economy from the retrospective revision of the GDP that ELSTAT has carried out today.
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.
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.
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.
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.
ELSTAT
Revises 2023 growth to 2.3%
The Greek economy grew at a rate of 2.3% in 2023, according to revised ELSTAT data, compared to the 2% estimated in the first estimate in March.
EUROSTAT
Downward revision of inflation in September, Eurozone at 1.7% and Greece at 3.1%
Eurozone inflation was slightly lower in September than initially estimated, according to final data released today by Eurostat.