Japanese carmaker Nissan will sell all its Russian assets to state-owned research and development firm NAMI, the trade ministry has said. The deal, worth a symbolic sum of €1, was approved by the Japanese corporation and includes a plant in St. Petersburg and sales and marketing facilities in Moscow.

The country is seeing rising prices for energy, housing, transportation, and food Inflation in Greece surged to 11.3% year-on-year in May from 10.2% recorded in the previous month, according to the latest data from the Hellenic Statistical Authority (ELSTAT).

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