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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".
BUSINESS
BUSINESS
Mytilineos
Reports biggest quarterly profit in history; Beats expectations
Mytilineos reports its highest quarterly profitability performance in its history, led by energy sector. Third quarter numbers came in above street’s expectations.
ECONOMY
ECONOMY
Christine Lagarde
ECB's head praises Greek economy's turnaround; Applauds Unicredit deal
Also, Lagarde stated that the offer of Unicredit for acquiring a 9.0% stake in Alpha Bank is a “clear sign of confidence.” Possibly, more deals to come, she said.
BUSINESS
BUSINESS
Piraeus Bank
Completes sale of Direct Solutions to Mellon Technologies for 3m euros
The transaction also includes renewal of the servicing agreement relating to provision by PDS of call center activities to Piraeus Group.
BUSINESS
BUSINESS
PPC
Finalizes acquisition of Enel's Romanian operations
PPC concluded the acquisition of Italian Enel’s Romanian operations for a consideration of 1.24 billion euros. Including debt, the deal is valued at 1.9 billion euros.
MARKETS
MARKETS
Stock market
Shares end down in high volatility; Alpha gives up 3.3%
Shares ended lower on Wednesday, in high volatility with the general index visiting both territories. Volumes were light.
ECONOMY
ECONOMY
Budget
Jan-Sept primary surplus beats target; VAT stronger-than-expected
Greece posts a primary budget surplus of 6.0 billion euros in the first nine months of the year, against the budget target of 2.4 billion euros in surplus. VAT, personal income tax and ENFIA property tax exceed targets
ECONOMY
ECONOMY
Bank credit
Private sector credit expansion gathers pace in Sept; At 2.1%
Bank credit to Greece’s private sector increased to 2.1% in September from 0.9% in the previous month, central bank data showed. Credit to households was positive by 34 million euros.
MARKETS
MARKETS
Bank deposits
Private sector deposits rise further in Sept; At 191.7b euros
Private sector bank deposits rise further in September, boosted by both corporate and households’ savings, amounting 191.7b euros
MARKETS
MARKETS
T-bills
Greece sells 6-mo T-bills at slightly higher yield
Greece raises 812.5 million euros through the offering of 26-week Treasury bills which yielded 3.92% slightly up from 3.90% in the previous similar sale in September.
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