Tag Archives: losses

The Athens Stock Exchange (ATHEX) shed €12 billion from its nearly €110 billion market capitalization in just one week, largely impacted by domestic and international political turbulence. According to analysts at OT.gr, the downward trend reflects an aversion to geopolitical risk among investors, despite strong balance sheets from key companies …

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Since the beginning of the war, the Athens Stock Exchange has recorded losses of 13.43 percent since the beginning of the war in Ukraine. The market’s capitalization has fallen by 9.345 billion euros. The Large Cap index has fallen by 15.0% and the Mid Cap index by 8.6%. The heaviest …

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The Greek economy is expected to recover all losses suffered in 2020 in the fourth quarter of 2022, with the country’s real GDP surpassing the 2019 level by 1.7 pct at the end of 2022, according to the provisions of the draft budget plan tabled in Parliament on Monday. More …

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Τhe Greek Finance Ministry has tabled bills to compensate the Athens International Airport managed by German Hochtief and 14 regional airports managed by German Fraport for losses in 2020 due to the pandemic. A bill that will provide 177.9 million euros to 14 regional airports managed by Germany-based Fraport was …

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Greece’s food service sector will be boosted with working capital totalling 330 million euros to buy raw materials when it reopens, Prime Minister Kyriakos Mitsotakis said after a meeting with ministers and sector representatives on Thursday. Coffee shops, bars and restaurants will be funded through the EU’s National Strategic Reference …

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Investment spending in the manufacturing sector fell 6.9% in 2020 compared with the previous year, the Foundation for Economic and Industrial Research (IOBE) said in a report on Monday. The survey on industrial investments in the period October-November 2020 showed that investment spending in the manufacturing sector is expected to …

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Public Power Corporation (PPC), Greece’s main electricity utility, has recorded heavy losses last year and its own auditor warned about the firm’s sustainability. Experts say painful decisions may be required, including rate hikes and asset sales. PPC recorded after tax losses of 542 million euros (607 million U.S. dollars), according …

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For one more day, Greek banks suffered losses in Athens Stock Exchange over fears the European Central Bank may bring forward Greek bank stress test next year. By closing of  the ASE session on Sept 26/2017,  losses and wins of the four Greek systemic banks were: Alfa Bank -8.52% National …

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Black Monday in Athens Stock Exchange with a massive sell-off. Monday’s session closed with losses 7.98% and the General Index at 464.23 units. .Shares in the banking sector plummet 24.26%. Eurobank -29.20% National Bank -28.06% Piraeus Bank -27.21% Alpha Bank -17.65% source The majority of Greek media blame the political …

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Greece’s unbalanced austerity and drastic increase of poverty. The poorest households in the debt-ridden country lost nearly 86% of their income, while the richest lost only 17-20%.  The tax burden on the poor increased by 337% while the burden on upper-income classes increased by only 9% !!! This is the …

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It looks as if traders do not like neither the new Greek coalition government nor the new cabinet. For second consecutive day, Athens Stock Exchange felt the political pressure with traders trying to get read of their shares. On Tuesday, the losses started already half an hour after the session …

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That’s a bad Halloween trick for the half a million Greek retail workers. As the collective bargain expired and the Troika forbids a new collective bargain, they are threatened with wages cuts reaching from -35% up to -55%. Employers will be glad to force their employees to sign individual employment …

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 Greek banks will announce their losses for 2011 on Friday afternoon after the Athens Stock Exchange closes at 05:30 pm local time. According to Reuters, the results will not include the losses banks suffered Greek bond swap (PSI). The Blackrock report and results are still pending. Battered by a debt crisis and recession, Greece΄s …

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Athens Stock Exchange recorded significant losses on Thursday, with the stocks of the banking sector to be at the heart of liquidations. Particularly the shares of National Bank of Greece retreats in new lows of 1.43 euro and is down 2.53%. At noon, the General Index was down at 649.90 units, …

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