Greek Daily News 13/11/2023

ECONOMY

-The annual inflation rate in Greece edged higher to 3.4% in October of 2023 from 1.6% in the previous month, marking the highest reading since March. Consumer prices accelerated primarily for food & non-alcoholic beverages (9.9% vs 9.4% in September).

-Industrial production in the country grew 2% in September 2023, however the production of manufacturing industries decreased by 0.4%, according to Hellenic Statistical Authority-ELSTAT.

-A tender process for a 9-percent stake in ATHEX-listed Alpha Bank, one of four systemic banks in Greece, has concluded on Friday (Nov. 10), with Italian lender UniCredit reportedly the sole candidate for acquiring the share package.

-Mortgage disbursements decreased by 10.7% in the second quarter of 2023, while in the same period the number of loans granted was reduced 12.4%, figures of the Bank of Greece showed.