Car­bon prices.

Kathimerini English - - Focus -

raeus im­proved 2.23 per­cent and Al­pha notched up 1.18 per­cent. Myti­li­neos rose 1.72 per­cent, but Hel­lenic Ex­changes fell 2.75 per­cent and Folli Fol­lie sur­ren­dered 2.12 per­cent. In to­tal 60 stocks posted gains, 46 took losses and 21 closed un­changed. Turnover amounted to 43.5 mil­lion eu­ros, up from Fri­day’s 25.6 mil­lion. In Ni­cosia the gen­eral in­dex of the Cyprus Stock Ex­change ad­vanced 0.27 per­cent to close at 66.54 points. to­ber to De­cem­ber af­ter two straight quar­ters of growth, with its per­for­mance in the last quar­ter of 2016 turn­ing out worse than ex­pected. The sea­son­ally ad­justed flash es­ti­mates showed a 0.4 per­cent de­cline in eco­nomic out­put in the fourth quar­ter.

Ger­many will back a plan to strengthen car­bon prices, a se­nior of­fi­cial said yes­ter­day, ahead of a meet­ing of Euro­pean Union en­vi­ron­ment min­is­ters on balanc­ing the needs of in­dus­try with cut­ting emis­sions in re­form­ing the car­bon mar­ket. EU mem­ber-states such as Ger­many, Italy, Aus­tria and Greece are pri­or­i­tiz­ing mea­sures to en­sure that reg­u­la­tion does not drive big in­dus­try abroad, while poorer, coal-re­liant na­tions in Cen­tral and East­ern Europe are keen to get the most gen­er­ous pro­vi­sions pos­si­ble to help mod­ern­ize their economies.

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