Greek daily news

Greek Daily News 02/11/2023

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ECONOMY

-Greek economic sentiment index dropped to 106.4 points in October from 107.7 in September, reflecting a decline in business expectations in the retail commerce, weaker expectations in industry and services, and more optimistic expectations in construction, the Foundation for Economic and Industrial Research (IOBE) said.

-Greece imposed the maximum fine of 1,000,000 euros on the subsidiaries of two multinational groups ( Procter & Gamble Greece Limited and Elais Unilever Hellas SA.) after inspections by Interagency for Market Control (DIMEA) units showed that they had violated recent laws on curbing phenomena of unfair profit-taking, AMNA reported citing a ministry announcement on Thursday.

-International hotel chains in Greece doubled in a 5-year period, according to research by GBR Consulting.

SHIPPING

Greek banks banks provide 27% of total shipping sector financing, Oikonomikos Taxydromos reported citing members of the Association of Banking & Financial Executives of Hellenic Shipping.