Economy
ADMIE Holdings affiliate profits drop 11.4 pct to 39.4 mln in Q2
ADMIE Holding SA reported its results for the first half (H1) of the year, which showed that total income from its affiliate the Independent Power Transmission Operator (IPTO SA) rose to 20.1 million, a decline of 1.2 percent.
Athens launches drive to pre-pay part of IMF loan, bringing budget benefits
Greece has launched the formal process to pre-pay part of the loans it has received from the International Monetary Fund after Finance Minister Christos Staikouras officially requested clearance from the European Stability Mechanism in a letter on Monday.
Ellaktor’s H1 results show profits of 5.7 mln, reversing loss
The Ellaktor Group of Companies’ financial results for the first half (H1) of 2019 showed that turnover fell by 23.6 percent in the first six months of the year.
Budget primary surplus at 2.90 bln in August
The budget primary balance recorded a surplus of 2.90 billion euros in the first eight months of 2019, compared to a surplus of 1.12 billion noted in August 2018, the preliminary Finance Ministry (MoF) budget execution bulletin showed on Monday.
Fiscal issues top agenda as fourth post-MoU review gets underway
The fourth post-programme review is due to begin in Athens on Monday, with fiscal issues expected to top the agenda as the government prepared to include the tax cuts announced by Prime Minister Kyriakos Mitsotakis in the 2020 draft budget.
Aegean Airlines net loss edged down to 13 mln in H1
Aegean Airlines’ revenues rose by 14 percent in the first half (H1) of 2019 while losses eased by 5 percent.
Eurosystem funding drops by 464.8 mln in August
Greek banks’ Eurosystem funding fell by 464.8 million euros month-on-month (MoM) in August according to the monthly Bank of Greece's (BoG) financial statement.
Turnover in services shows improvement in Q2 2019
Turnover indices for the services sector recorded an improvement in the second quarter (Q2) of 2019, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
ND aims to show progress at Eurogroup but QE unattainable for now
Finance Minister Christos Staikouras was due on Friday to take up the government’s drive to convince Greece’s eurozone partners that the country is on the right track following this summer’s elections.
Unemployment drops to 16.9 pct in Q2, hitting eight-year low
The Greek non-seasonally-adjusted unemployment rate stood at 16.9 percent in the second quarter (Q2) of the year, dropping notably from a rate of 19.2 percent noted in Q1, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.