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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
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.
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.
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