Economy
Athens, lenders trying to put last pieces in place for technical agreement
With all indications suggesting that the Greek government and the institutions are close to reaching an agreement at technical level, there has been much speculation about how several issues that were proving contentious until recently have been, or will be, resolved.
OPAP’s net revenues down for year, up for Q4
The full-year financial results of the Greek Organisation of Football Prognostics (OPAP), Greece’s leading game operator and Europe’s fourth-biggest betting firm show that gross gaming revenues fell slightly by 0.2 percent on an annual basis.
Eurobank posts net profits of 38 mln in Q4 and 230 mln in 2016
Eurobank recorded net profits of 38.3 million euros in the fourth quarter (Q4) of 2016 from 85.4 million in the previous quarter, which included a one-off gain of 55 million from the disposal of its insurance unit, Eurolife ERB.
Out-of-court workout bill prepared amid apparent concern from banks
The Development Ministry tabled on Tuesday to Parliament’s legislative committee the draft bill on the out-of-court workout, which is also directly linked to the resolution of non-performing loans (NPLs).
Metka turnover falls 33.4 pct in 2016
Engineering group Metka, which specialises in large-scale projects in energy, infrastructure and defence sectors has posted its full-year results for 2016.
PPC: The struggling electricity giant dominating bailout talks
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One of the biggest stumbling blocks in the way of t the Greek government and the institutions to clinch a staff-level agreement (SLA) is the liberalisation of the energy market, with lenders requesting the sale of 40 percent of the Public Power Corporation (PPC) units.
Mytilineos Group turnover down 10 pct in 2016
The industrial conglomerate Mytilineos Group has released its full year 2016 report which shows that overall results for the group were negatively affected by higher depreciation costs (13.5 million euros) in the energy sector. These costs are expected to settle to normal levels in 2017.
Hellenic Exchanges 2016 net profits fall 84 pct on adverse market conditions
The 2016 financial results of Hellenic Exchange, the company that manages the Athens Stock Exchange (ATHEX), show 1.4 million euros post-tax profit, significantly lower than the 9 million euros profits recorded in 2015 and representing a drop of 84 percent.
Deposit outflows continue in Feb but slow to 750 mln
The Greek banking system recorded outflows for the second successive month, albeit reduced to 750 million euros in February from 1.53 billion in the previous month, Bank of Greece (BoG) figures revealed on Monday.
Credit contraction stable at 1.6 pct in Feb, net deductions drop to 101 mln
The rate of credit contraction in the Greek market remained stable at 1.6 percent in February, Bank of Greece (BoG) figures showed on Monday.