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ECONOMY
ECONOMY
Greek economy
IMF sees Greece's economy expanding 2.5% in '23, 2% in '24
The International Monetary Fund estimates that Greece’s economy will run 2.5% this year and 2% next, revising its previous projections of 2.6% and 1.5% respectively.
BUSINESS
BUSINESS
Kotsovolos
PPC confirms interest for Kotsovolos acquisition; Submits offer
PPC confirms its interest for the acquisition of electronic goods retailer Kotsovolos, and said it has submitted a bid in the tender sale.
MARKETS
MARKETS
Midday trade
Stocks rally at midday; Pleasant CPI data, Europe trigger oversold bounce
Equities rally in midday trade, with banks leading the rise. The recent sell-off triggered an oversold bounce, aided by Europe’s recoveries. Inflation decelerates.
ECONOMY
ECONOMY
Industry
Industrial output remains in contraction for third straight month in Aug
Industrial output remains in contraction for a third consecutive month in August, recording an annual drop of 0.5%, largely due to lower electricity supply.
ECONOMY
ECONOMY
Inflation
Sept consumer prices decelerate considerably; Food inflation continues
EU-harmonised consumer price index stoo at 2.4% down from the annual rise of 3.5% in August, while the drop in the headline CPI index was more pronounced, at +1.6% from 2.7% in the previous month.
MARKETS
MARKETS
Shares
Equities stage strong rebound early Tue; Banks at helm
Stocks in Athens stage a strong rebound early Tuesday, after the recent sell-off. Europe’s recoveries lent assistance. Banks are the frontrunners.
BUSINESS
BUSINESS
Hydrocarbons
Helleniq Energy to decide on whether to conduct test drillings in next 6-12 months
CEO Andreas Shiamishis says the results of the offshore seismic researches in two blocks off Crete and Ionian Sea are currently evaluated.
ECONOMY
ECONOMY
Fitch-Greece
Fitch Ratings sees Greek primary surplus at 1.2%; 2023-25 GDP at 2%
The agency expects Greece to show continued fiscal consolidation in 2023, with the primary fiscal surplus rising to 1.2% of GDP, supported by strong revenue growth and spending constraint.
POLITICS
POLITICS
Trilateral Summit
Mitsotakis: Greece has shielded energy security of all SE Europe
Greece has quadrupled the exports of natural gas to its neighbours in the north since 2022, Mitsotakis said after a trilateral summit in Varna, Bulgaria.
MARKETS
MARKETS
Stocks
Equities suffer severe blow amid elevated geopolitical risk
Shares in Athens sank on Monday, after six consecutive weeks of losses. Investors turned risk averse on elevated geopolitical risk, following clashes in Middle East.
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