Economy
Athens hopeful release of 970 mln will be approved at Friday's Eurogroup
There is growing optimism in Athens that Friday’s informal gathering of eurozone finance ministers will result in a green light for the disbursement of 970 million euros as part of the latest round of debt relief measures.
BoG underlines progress in NPE reduction but stresses need for systemic solution
In its annual report published on Monday, the Bank of Greece (BoG) provided an update regarding Non-Performing Exposures (NPE), which is the major challenge for the domestic banking system and in which the BoG has taken an active role by leading an initiative for a more systematic approach to improving banks’ balance sheets.
BoG report notes challenges to Greek economy, issues warning over high fiscal targets
The Bank of Greece’s (BoG) annual report has outlined a number of challenges and proposals for the Greek economy, and included a downward revised forecast for growth.
PMI rises to 54.7 in March as first quarter comes to strong end
Greece’s manufacturing PMI increased to 54.7 points in March from 54.2 points in February, staying over the 50-mark threshold for close to two years.
Athens waits for green light from Eurogroup so it can settle IMF loans early
The third post-programme review, which was due to begin this Monday, has been postponed for a few days as Athens looks to secure the disbursement of nearly 1 billion euros from the Eurogroup on April 5.
Aegean Airlines posts net profits of 67.9 mln in 2018, up 13 pct
Aegean Airlines’ full year financial results for 2018 reported a rise of 5 percent in revenue compared to the previous year.
Piraeus Bank posts net profit of 185 mln in 2018
Piraeus Bank’s fourth quarter (Q4) results showed that net profits from continued operations came to 145 million euros from 94 million euros in the third quarter (Q3).
Retail turnover falls by 2.3 pct in Jan
Greece’s retail sales index declined by 2.3 percent in January after a downward revised fall of 0.2 percent in December, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Alpha Bank posts net profits of 53 mln in 2018
Alpha Bank reported net results as neutral in the fourth quarter (Q4) of 2018 compared to a profit of 41 million euros in the third quarter (Q3) of the year, attributable entirely to profits originating from continued operations.
Lamda Development reports net profits of 42.3 mln in 2018
Property developer Lamda Development’s full-year results for 2018 show a net profit of 42.3 million euros, reversing losses of 43.7 million euros noted in 2017.