Economy
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.
NBG reports full year net profits of 50 million euros from continued operations
National Bank of Greece (NBG) reported a net profit of 1 million euros from continued operations for the fourth quarter (Q4) of 2018, declining from profits of 9 million noted in the third quarter (Q3).
Government makes last-minute change to main homes bill in bid to satisfy creditors
MPs are due to approve on Friday the new framework for the protection of primary residences from foreclosure after the government made a last-minute change on Thursday, aiming to satisfy Greece’s lenders ahead of the April 5 Eurogroup.