Greek daily news

Greek Daily News 20/11/2023

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ECONOMY

-Greece’s state budget posted a primary surplus of 5.8 billion euros, on a cash basis, in the first ten months of 2023, after a primary deficit of 859 million euros in the corresponding period in 2022, the Bank of Greece data showed.

-Athens International Airport turnover on a year-on-year basis, increased by 29.8% in January-September 2023 to 463.6 million euros.

SHIPPING

The Piraeus Port Authority (PPA), which manages the largest and busiest port in Greece, announced the first five shore power connection slots for ferry boats. Another four slots at the nearby cruise ship terminal in Piraeus are also on the drawing board, Oikonomikos Taxydromos reported.

CAPITAL MARKET

The sale of a 22% stake in National Bank that went through the Greek stock market on Friday sent turnover soaring above 1 billion euros for the first time in over 15 years, Kathimerini reported. Following the sale, the Athens Stock Exchange announced the change of the investability weight (Free Float) of National Bank of Greece from 60% to 82% in the indices in which it participates.

REAL ESTATE

Home prices in Athens are surging faster than other European cities, according to Bloomberg. Housing shortages have led to 12.2% jump in the Greek capital in October, while in Paris and Stockholm, prices fell.