Cas­siope in­vest­ment.

Kathimerini English - - Focus -

back­logs of work shrank, a sur­vey showed yes­ter­day. Markit’s Pur­chas­ing Man­agers’ In­dex (PMI) for man­u­fac­tur­ing, which ac­counts for about 10 per­cent of the Greek econ­omy, rose to a four-month high of 49.3 points last month from 48.3 in Novem­ber. A read­ing be­low 50 denotes a con­trac­tion in ac­tiv­ity. Man­u­fac­tur­ers saw a fur­ther de­cline in new or­ders, in­clud­ing from abroad. They cited softer de­mand and the in­sta­bil­ity of the coun­try’s fi­nan­cial sec­tor, al­though the fall was the weak­est since Septem­ber. term. The Hel­lenic Fi­nan­cial Sta­bil­ity Fund said the term of the new CEO will be re­new­able but can­not run be­yond the end of June 2020. The two can­di­dates pre­vi­ously cho­sen by a se­lec­tion panel had opted out be­cause the ini­tial term ran only un­til next June. New ap­pli­cants have un­til Jan­uary 22 to put their names for­ward.

NCH Cap­i­tal, a New York-based in­vest­ment fund, plans to spend about 100 mil­lion eu­ros to build a lux­ury sea­side hol­i­day re­sort on Corfu, it said on Fri­day. Un­der a pri­va­ti­za­tion scheme, part of a third in­ter­na­tional bailout signed last year, Greece on Thurs­day con­cluded the lease of a 108.3-acre plot, Cas­siope, to NCH Cap­i­tal for 23 mil­lion eu­ros.

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