ECONOMY

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RETAIL

Officials from supermarkets and the food and homeware industry agree that organized retailing may enjoy a marginal increase in sales volume in 2021 compared to what was already a robust 2020, according to a survey by the Research Institute of Retail Consumer Goods (IELKA).


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PRIVATIZATION

The short list of bidders for the ports of Alexandroupoli, Kavala and Igoumenitsa will be announced in the next few weeks, following the submission of the necessary documents for the bids last Monday.

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STOCKS

Wednesday’s session at Athinon Avenue contained a whiff of a bull trap, in that it started with promising gains but ended with small losses that brought an end to the benchmark’s five-day rising streak.


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ECONOMY

Greece’s economic sentiment index rose slightly to 91.9 points in February from 90.7 in January, the Foundation for Economic and Industrial Research (IOBE) said on Monday.


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FINANCE

More than 435,000 enterprises have been rejected from the sixth phase of the cheap state loans program known as the “Deposit To Be Returned,” as they failed the eligibility criteria set by the Finance Ministry.

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PROPERTY

The negative impact of the pandemic on the demand for property has changed the market’s landscape completely within the space of just a year, leading to a drop in the volume of transactions, an increase in the stock of unsold properties, a leap in the number of apartments available to rent and the stabilization of sale prices.

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BANKING

Piraeus Bank and credit management company Intrum on Tuesday announced an agreement for the securitization of a nonperforming loans portfolio under the name “Vega,” including loans with collateral in the form of residential and commercial real estate assets.



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ENERGY

The Hellenic Electricity Distribution Network Operator (DEDDIE) is set to commission a study regarding priority areas for the undergrounding of power lines, following cooperation with the Ministry of Environment and Energy.

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FINANCE

The Finance Ministry’s plan for the support of enterprises as of April provides for the coverage of their fixed expenditure in the form of credit toward their tax and social security obligations.

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STOCKS

After five consecutive sessions of growth, the Greek bourse benchmark has now recovered all of the losses incurred in the first couple of months of 2021, climbing on Tuesday to highs unseen since late 2020.


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ECONOMY

The Labor Ministry’s decision to change the declarations of workers on furlough has put up a barrier against a new form of undeclared labor that recently swept the market.


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BUSINESS

About a third of the roughly 150 ships owned by companies controlled by Singapore tycoon Lim Oon Kuin and his family (including Hin Leong) have been sold as part of efforts to repay billions of dollars of debt owed to creditors.

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INITIATIVE

The article’s title is a new, important internet address I invite you to visit. It connects to a platform through which anybody who feels they belong to the growing community of innovative, creative Greeks abroad can participate in a dynamic network.

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MARKETS

The recent unrest in global bond markets is certainly affecting the plans of Greece’s Public Debt Management Agency (PDMA), but isn’t generating any worries for now.


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FINANCE

The state subsidy for corporate loans and freelancers’ debts to banks to be included in the Finance Ministry’s Gefyra 2 program will apply for eight months and range from €600 to €50,000, according to the bill Kathimerini has seen.

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STOCKS

The benchmark of the Athens stock market climbed to a two-month high on Monday, surpassing the 800-point mark thanks to the bullish climate generated by the approval of the Biden stimulus package in the United States.