Economy
GEK Terna returns to profit in 2016
Greek construction and energy group GEK Terna has released its financial statements for the year 2016, which show the group enjoyed strong performance, with sales rising from 971.8 million euros in 2015 to 1.16 billion euros in 2016, an increase of 19.7 percent.
Ellaktor posts loss of 96.8 mln for 2016
The Ellaktor Group has announced its financial results for the financial year 2016, which show that turnover came to 1.94 billion euros compared to 1.53 billion euros for the same time last year, an increase of 26.7 percent.
Parliament Budget Office welcomes deal, warns on economic prospects and reform implementation
The agreement reached with lenders is an important first step towards restoration of confidence, inclusion of Greek government bonds in the European Central Bank’s QE programme and a future return to capital markets, according to the Parliament Budget Office's (PBO) first quarter (Q1) report.
Marfin Investment Group posts 85-mln loss for 2016
Marfin Investment Group (MIG) has released its consolidated full-year results for 2016, showing that consolidated revenues recorded a decline of 3 percent, going from 1.14 billion euros in 2015 to 1.10 billion euros in 2016.
PMI up to 48.2 in April as new orders fall again, but outlook for year remains positive
Greece’s Manufacturing PMI rose by 1.5 points to 48.2 in April from 46.7 in March, Markit’s survey revealed on Tuesday.
Greece agrees package of measures with IMF, eurozone to seal review
Greek Finance Minister Euclid Tsakalotos emerged from talks with the institutions at around 6 a.m. on Monday to announce that there had been an agreement between the various participants.
Stocks climb 6 pct during week, propelled by 16.6 pct surge by banks
Positive sentiment prevailed in Greek stock market this week, leading to strong gains of 6 percent as the return of the institutions returned to Athens and optimism about a successful conclusion to negotiations in the next few days grew.
Credit contraction slows to 1.3 pct in March on net additions of 307 mln
The rate of credit contraction in the Greek market slowed to 1.3 percent in March from 1.6 percent in February, Bank of Greece (BoG) figures showed on Friday.
Deposit flow turned positive in March, with inflows of 278 million
The Greek banking system posted deposit inflows of 278 million euros in March, following outflows of 750 million in the previous month, Bank of Greece (BoG) figures revealed on Monday.
Retail sales climb 10.9 pct in Feb on strong rebound in almost all sectors
The turnover of Greece’s retail trade index rose for the second straight month at a rate of 10.9 percent in February, after increasing by 1.4 percent in January, Hellenic Statistical Agency (ELSTAT) data showed on Friday.