The Greek Deal.com
ECONOMY
Foundation for Economic & Industrial Research
Declining profitability for the petroleum marketing industry in 2023
The net profits of the petroleum products trading sector recorded a significant decline last year, as both the value and the volume of its sales decreased, according to a study by IOBE.
NATIONAL ENERGY AND CLIMATE PLAN
€436 billion of investments by 2050
Benefits of up to €6 billion per year by 2050, which translates into 2.5% per year in GDP, throughout the energy transition, are expected to be achieved through the implementation of the actions and policies of the new National Energy and Climate Plan.
Bank of Greece
€19 billion deposits returned between 2021 and 2024
Deposits of around €19 billion have been returned to banks by households and businesses since 2021 to date, recording an increase of 16%, according to data from the Bank of Greece.
Growthfund
One bid for Kalamata Airport
One bid from the Consortium Fraport was submitted in the tender for the concession of the right to administer, manage, operate, develop, expand, maintain, and exploit Kalamata International Airport, "Captain Vass. Konstantakopoulos'.
POS
Viva's injunctions against SoftOne-Entersoft rejected
The court did not grant Viva's application for injunctive relief against the IT companies Entersoft and Softone.
Yiannis Stournaras
An active role for central banks on climate and sustainability issues
Yannis Stournaras, the Governor of the Bank of Greece, made a mention of the role of central banks in addressing climate change and its effects on various economic sectors during the presentation of the updated National Plan for Climate and Energy (NCPEC).
ELSTAT
Annual increase of 2.9% in business turnover in August
The mining and quarrying industry helped Greek businesses' revenue show a relatively modest increase in August.
CITI
Bullish on all Greek banks
Citi maintained its "buy" ratings on all Greek banks and reinstated its coverage of Eurobank, after previous restrictions.
Industry
Annual growth 3.1% in August - 6.7% jump in 8 months
The General Index of Industrial Production for August 2024, compared to the corresponding index for August 2023, showed an increase of 3.1% compared to a decrease of 0.2% in the corresponding comparison between 2023 and 2022.
ELSTAT
Inflation fell to 2.9% in September
Inflation stood at 2.9% in September, compared to 3% in August.
ExxonMobil/HELLENiQ ENERGY
The second phase of exploration for hydrocarbons southwest of Crete begins
The consortium in the marine areas of the "Southwest of Crete" field officially proceeded to the second phase of exploration, as announced today by the Hellenic Hydrocarbons and Energy Resources Management Company.