ATHEX: Stocks drop on ECB rates and US data
The European Central Bank’s mindset behind Thursday’s interest rate hike and the unexpected drop in US retail sales in November inflicted losses on most eurozone bourses, with Greece’s being no exception.
The European Central Bank’s mindset behind Thursday’s interest rate hike and the unexpected drop in US retail sales in November inflicted losses on most eurozone bourses, with Greece’s being no exception.
Piraeus Bank is taking the first step to capitalizing on its participation in Attica Group, through a valuation that will exceed 1 billion euros, with the transfer of 90% of the shipping company’s shares to its 100% subsidiary Strix Holdings.
Hellas Gold on Thursday announced that the utilization of the gold and copper deposits at the Skouries mine in Halkidiki can now proceed, as the board of parent company Eldorado Gold has approved the decision to invest 680 million euros.
Prime Minister Kyriakos Mitsotakis has urged his EU colleagues to agree on price caps on natural gas by next Monday, sources have told the AMNA news agency.
A new fund to finance very small, small and medium-sized enterprises in the agricultural and manufacturing sector will be established in early January, the minister of development and investments, Adonis Georgiadis, announced on Thursday.
Thousands of people rallied in Turkey on Thursday to oppose the conviction and political ban of Istanbul Mayor Ekrem Imamoglu, chanting slogans criticizing President Tayyip Erdogan and his ruling AK Party before elections next year.
The moral decline we have been experiencing from a series of issues – both inside and outside Greece – will likely bolster the extremes of the political spectrum in the next general elections. A system that shows signs of rot invite denigration and fan anti-systemic sentiment.
The state’s sovereign wealth fund has said it has received initial interest from four consortia to take over the running of Kalamata airport.
A European Union body has requested the lifting of immunity for two Greek MEPs, Eva Kaili, currently detained under suspicion of corruption and money laundering, and New Democracy MEP Maria Spyraki.
Greece has repaid ahead of schedule 2.7 billion euros of loans owed to eurozone countries under the first bailout it received during its decade-long debt crisis, a finance ministry official told Reuters on Thursday.