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BUSINESS
BUSINESS
Electricity market
PPC's retail market share drops sharply in Sept due to HV losses
Independent Power Producers’ share in retail market rises to 45.9%, with GEK-Terna’s Heron ranking first with 11.8%, followed by Mytilineos’ Protergia with 7.9% and Elpedison with 6.17%.
BUSINESS
BUSINESS
HFSF
Eurobank to complete buyback of HFSF's 1.4% stake next week-Reports
Eurobank is reportedly set to complete the buyback of HFSF’s 1.4% stake at 1.80 euros per share next week. The stake corresponds to some 52 million shares.
MARKETS
MARKETS
Equities
In a highly volatile session, stocks end marginally up led by bank gains
Shares edge marginally higher, led by bank gains which offset severe losses among non-financials. In its trading debut, Optima Bank ends flat in heavy volumes.
ECONOMY
ECONOMY
OECD
The responsiveness of the justice system is a challenge for Greece
Greece has to “improve the legal system’s effectiveness by simplifying administrative processes and communicating benefits of alternative dispute resolution mechanisms.”
ECONOMY
ECONOMY
Interest rates
New loans' interest rate rises 12bps m-o-m in Aug; Deposits/Loans spread widens
Greek average interest rate on new loans rises 12 basis points m-o-m in August to 6.33% while the interest rate on new deposits increases to 0.39%.
MARKETS
MARKETS
Equities
Banking rebound send market slightly up at midday
A strong rebound from banks at midday reverses broader markets early losses of around 1%. Optima Bank trades 0.7% lower, compared with early losses of over 4%
MARKETS
MARKETS
T-bills
Greece sells 812.5m euros of 3-month T-bills at a rising yield
Greece raises 812.5 million euros through the offering of 13-week Treasury-bills which yielded 3.90% higher from 3.72% in the previous similar sale in August.
ECONOMY
ECONOMY
Tax evasion
Tacking tax evasion could add 2b euros to government coffers annually
Calculations based on the VAT gap as measured by the European Commission show that Greece loses 2b euros from tax evasion every year.
MARKETS
MARKETS
Early stock trade
Equities trade in negative territory, as global sentiment falters
Stocks in Athens traded in negative territory early Wednesday in line with Europe’s shares which slid for a third day in a row. Banks were badly hit.
MARKETS
MARKETS
Equities fall sharply at midday
Technical glitches lead to busted trade in Athens; Shares take a hit
Stocks in Athens fell sharply amid low volumes at midday, as technical glitches resulted in busted trade. OTE went against the declining trend.
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