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ECONOMY
ECONOMY
OECD
Strong economy and persistent inflation - The recommendations
The OECD forecasts growth of 2.2% in 2025 and 2.5% in 2026 for Greece, expecting that the increase in disposable income will support consumption, while the "tight" labour market and increases in the minimum wage will support wages.
BUSINESS
BUSINESS
Ideal Holdings
Announcement about Barba Stathis takeover
Ideal Holdings responds to the publications that talk about a possible takeover of Barba Stathis following a letter from the Hellenic Capital Market Commission.
POLITICS
POLITICS
Kostis Hatzidakis
Tax cuts in the three-year period 2025-2027 by tackling tax evasion
The Minister of National Economy and Finance, Kostis Hatzidakis, speaking yesterday at the annual Tax Forum organized by the Hellenic American Chamber of Commerce, announced further tax cuts for the following years.
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
TRADE ESTATES
Preliminary agreement with Lamda Development for the Retail Park
Lamda Development and Trade Estate have signed the notarial contract for the sale of the retail park within the commercial hub for a total price of €31 million.
The DEAL of the DAY
The DEAL of the DAY
Attica Group
Completed the Sale of Africa Morocco Link's stake for €49 million
Attica Group has sold its operations in Morocco for €49 million.
BUSINESS
BUSINESS
LAMDA DEVELOPMENT
Net profit of €27 million in 2023 - Record EBITDA for shopping centres and marinas
Lamda Development net profit for 2023 was €27 million, compared to a loss of €31 million in the previous financial year.
BUSINESS
BUSINESS
Jumbo
Net Profit of €303million in 2023 - Proposed dividend of €1,00/share
21.8% rise in net profit and €398 million in EBITDA, according to Jumbo Group financial results for 2023.
MARKETS
MARKETS
Athens Stock Exchange
Weak reaction after 4 day losing streak
Mild upward reaction for the Athens Stock Exchange.
ECONOMY
ECONOMY
IMF
Greek public debt expected to reduce to 158.8% of GDP in 2024 - Primary surplus of 2.1%
The International Monetary Fund (IMF) forecasts a 10% reduction in public debt to 158.8% of GDP in its Fiscal Monitor report for Greece for 2024.
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