GREECE
Macro/Political:
- An IMF report noted that Greece is now one of only five EU countries running a primary surplus. This marks a striking reversal and underscores how far the country’s public finances have progressed. The shift reflects, in no small part, a transformed tax administration that has steadily closed compliance gaps and rebuilt fiscal credibility, one of the quiet engines behind Greece’s broader economic recovery. Furthermore, the IMF’s latest annual assessment of the Greek economy finds that the country is well positioned to cope with external shocks, including those stemming from the war in the Middle East. This reflects strengthened fiscal sustainability and financial stability.
Source: IMF
Markets:
- PPC announced that the Extraordinary General Meeting EGM of shareholders approved the increase in the Company’s share capital. At the meeting, 596 shareholders were legally represented, accounting for 70.21% of the total ordinary shares. A total of 96.96% of the valid votes cast were in favour of the share capital increase.
Source: Athens Euronext