The Hellenic Telecommunications Organization S.A (OTE Group) has reported that revenues in the nine-month (9M) period of 2018 edged up by 0.5 percent year-on-year.
Coca-Cola HBC’s results for the first nine months (9M) of 2018 showed that net sales revenue grew by 1.2 percent year-on-year.
Greece’s trade deficit jumped by 39.1 percent year-on-year (YoY) in September compared to an increase of 15.1 percent in August, according to data from the Hellenic Statistical Authority (ELSTAT) released on Wednesday.
Two recent decisions by first instance courts in Thessaloniki and Athens that awarded pensioners backpay for income lost due to the pension cuts in 2012 has put the spotlight back on a decision by the Council of State (CoS) in 2015 that deemed the pension cuts which were legislated in two instances in 2012 as unconstitutional.
Consumer product producer and retailer Sarantis Group’s nine-month results show that sales improved by 12.7 percent during the nine-month (9M) period.
Monday’s Eurogroup did not provide any definitive answers regarding the negotiations between Greece and the institution over the 2019 budget but the indications are that Athens will be allowed to scrap next year’s pension cuts if it can re-assure the lenders that the 3.5 percent of GDP primary surplus will not be put at risk.
Greece’s general government (gg) primary cash surplus came to 5.21 billion euros in the first nine months of the year, reduced by 116 million euros compared to the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin.
All eyes will be on the dispute of Italy’s budget at Monday’s Eurogroup, but in Greece the government is preparing to start legislating fiscal measures even though the disagreement over its own economic plan for 2019 does not seem to have been settled yet.
Greek authorities appear to be edging towards the option of creating an Asset Protection Scheme (APS) to help banks reduce their stock of bad loans, developments this week suggest.
The International Monetary Fund has officially indicated that although it believes Greece should implement the pension cuts it has agreed for next year, it will leave it up to Athens and its European lenders to come to an arrangement over the 2019 budget.