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MARKETS
MARKETS
Market
Stocks close higher in volatility; Volumes are low
Equities in Athens ended slightly higher in choppy trade, with the share index visiting both territories during the session. Volumes were low, as most investors are sidelined.
POLITICS
POLITICS
Politics
Athens and Thessaloniki change guard in local runoff elections
Candidates officially backed by ruling ND lose in five of six regions in local election runoff. PASOK-backed Haris Doukas scored a strong victory over incumbent mayor Kostas Bakoyannis.
MARKETS
MARKETS
Stock market
Equities close lower on profit-taking; Still snap six-week losing streak
Shares end lower on profit-taking, after the three-day rally. Still, the Athens bourse managed to snap the six-week losing streak, closing with weekly gains of 2.88%.
ECONOMY
ECONOMY
Import Price Index
MPI drops for seventh consecutive month in Aug
Import price index (MPI) in industry falls to 14.6% y-o-y in August, the seventh consecutive monthly decline, due to lower electricity prices.
BUSINESS
BUSINESS
TAIPED
Cancels DEPA Commercial tender sale; Examines alternatives
Privatisation agency TAIPED said it decided to cancel the international tender process for the sale of 65% stake in the country’s dominant gas supplier DEPA Commercial.
BUSINESS
BUSINESS
GEK Terna
Vehemently denies report of bank refusal for letter of guarantee
GEK Terna vehemently dismisses press report which claimed that a bank refused to provide the company with a letter of guarantee.
MARKETS
MARKETS
Early stocks
Fall, extending profit-taking mode seen late Thursday
Analysts expect profit-taking to prevail after the relief rally of the last three sessions. Interest rates and geopolitical concerns dent risk sentiment.
MARKETS
MARKETS
Stocks
Rise but settle sharply off earlier intraday highs on U.S. CPI data
Shares climb but were sharply off earlier intraday highs on Thursday, after the release of US inflation data, which came hotter than expected.
BUSINESS
BUSINESS
Piraeus Bank
Launches voluntary exit scheme; Runs until Nov 3
Piraeus Bank said it launches a voluntary exit scheme, paying out compensations of up to 180K euros or even 220K euros to outgoing employees.
BUSINESS
BUSINESS
OTE
BoD approves absorption of Cosmote
OTE's BoD approve the draft merger agreement by absorption of its 100% subsidiary Cosmote-Mobile. The process is expected to be completed in January 2024.
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