Economy
Institutions head back to Athens in search of SLA by end of week
The institutions are returning to Athens this week with the aim of having a staff-level agreement (SLA) in place before Monday’s Eurogroup.
OECD report shows Greece had highest tax ratio rise in 2016
The OECD published yesterday its regular revenue statistics for 2017. The publication has comparable tax revenue data with the latest edition, providing final data up to 2015 as well as provisional estimates for 2016.
Sarantis Group sales rise by 6.3 pct in nine-month period
Consumer product producer and retailer Sarantis Group’s nine-month results show that sales improved by 6.3 percent during the period.
Energy at forefront as Athens prepares for creditors’ return
Athens has reached a comprehensive agreement on energy issues, which was one of the biggest obstacles in the way of a staff-level agreement (SLA) being secured by December 4.
NBG reports net loss of 35 million in Q3, NPEs fall for sixth quarter
National Bank of Greece (NBG) reported a net loss of 35 million euros in the third quarter (Q3) of 2017, slowing from a loss of 156 million euros in Q2.
Fourlis Group's nine-month net profits grow to 4.3 mln
Fourlis Group, a leading group of companies in Greece and the Balkans for consumer durable goods, reported a slight increase of 0.6 percent for sales in the nine-month period up to the end of September.
Final budget sees strong growth, fiscal overperformance in 2018
The Finance Ministry tabled in Parliament on Tuesday evening the final version of the 2018 budget, which the government hopes will be the last budget of the memorandum era as the current European Stability Mechanism programme is set to be completed in August next year.
Travel balance up by 17.2 pct in September on higher receipts, lower payments
Greece’s travel receipts increased by 15.5 percent in September compared to the 16.4 percent increase noted in August, Bank of Greece (BoG) data revealed on Tuesday.
ADMIE affiliate IPTO sees 2.2 pct revenue rise in nine-month results
Greece’s Independent Power Transmission Operator (ADMIE) Holding SA reported its results for the first nine months of its first fiscal year of operation which showed that total revenues from its affiliate IPTO SA rose by 2.2 percent.
Industrial turnover falls by 0.8 pct in Sept, down for first time since Oct 2016
Greece’s industrial turnover fell by 0.8 percent in September after upwardly revised growth of 6.3 percent in August, according to Hellenic Statistical Authority (ELSTAT) data published on Monday.