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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".
ECONOMY
ECONOMY
ECB
Lagarde praises Greek economy's return to pre-Covid levels
ECB's president said that Greek bonds are now eligible to participate in ECB's repurchase programs, as they have been excluded due to their "junk" status.
MARKETS
MARKETS
Stock market
Shares closed down but off intraday lows
Equities close lower but contained earlier losses , despite domestic positive news flow. Europe end in the red, amid a slew of weak corporate earnings.
MARKETS
MARKETS
Stock market
Shares drop in volatility; Europe's heavy losses weigh
Equities fall at midday on bank losses, despite domestic positive news flow. Europe is sharply lower, amid a slew of weak corporate earnings and geopolitical concerns.
ECONOMY
ECONOMY
Mitsotakis
To request higher EU resources for migration and natural disaster support
The European leaders Summit which will take place Thursday and Friday in Brussels will debate the revision of the Multiannual Financial Framework 2021-2027, developments in Ukraine and Middle East, but also migration issues.
ECONOMY
ECONOMY
Income
Household disposable income rises 7.6% in 2022; Consumption grows 14.3%
Household disposable income rises 7.6% in 2022 to 135.9 billion euros. However, the savings rate is negative by 4.0%.
BUSINESS
BUSINESS
Moody's
Alpha Bank’s strategic partnership with Unicredit is credit positive
The deal will enhance Alpha Bank's tangible capital and profitability. Alpha Bank's return on tangible equity (RoTE) is expected to increase by around 50 basis points, Moody's reckons.
MARKETS
MARKETS
Stocks market
Shares fall in early trade, despite domestic supportive newsflow
Shares slip in early trade, taking their cue from Europe’s declines. Investors are sidelined ahead of the European Central Bank's policy decision later in the day.
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.
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