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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
Stournaras
Shadow economy estimated at 20.9% of national GDP
The size of shadow economy in Greece reaches 20.9% of the country's Gross Domestic Product, Bank of Greece governor says.
MARKETS
MARKETS
Stock market
Equities are higher in slow, lacklustre trade; Volumes are thin
Analysts believe that October will be another month with a negative sign, as the index was 1.9% down as of close Monday lower versus September close.
ECONOMY
ECONOMY
Eurostat
Greek harmonised CPI rises sharply in Sept; At +3.9% y-o-y
Harmonised consumer prices are expected to have risen sharply in October, to 3.9% from 2.4% in September. Euro area inflation is expected at 2.9%
ECONOMY
ECONOMY
Hatzidakis
Govt establishes online platform for whistleblowers
Taxpayers who report cases of tax evasion through the “Appodixi” application, can get a bonus of up to 3,000 euros, Finance Minister says.
MARKETS
MARKETS
Stock market
Equities rise in early trade, following Europe's recoveries
Stocks in Athens traded higher early Tuesday, following Europe’s recoveries which reduced their biggest losses for the month of October 2020.
BUSINESS
BUSINESS
Coca Cola HBC
3Q top line comes in weaker-than-expected due to adverse FX
Coca Cola HBC reported weaker than expected third quarter top line figures largely due to adverse foreign exchange moves. Reiterated guidance.
MARKETS
MARKETS
Stock market
Stock pickers send market higher in low-volume trade
Equities closed higher on Monday, amid low volumes. European shares were higher despite ongoing volatility in the Middle East.
BUSINESS
BUSINESS
Helleniq Energy
Acquires portfolio of six 26 MW PV parks in Cyprus
The PV parks’ annual electricity generation is estimated at 43 GWh. The agreement is expected to be completed in 1Q24.
ECONOMY
ECONOMY
PPI
Drops for seventh straight month in Sept on lower fuel cost
Producer Price Index (PPI) in industry dropped for a seventh straight month in September, to 4.3% y-o-y
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