National Bank of Greece (NBG) reported a net profit of 409 million euros from continued operations in the fιrst quarter (Q1) of 2020, compared to 18 million euros in Q4.
Fourlis Group has reported an decrease in sales of 12.6 percent in their first quarter (Q1) results for 2020.
Greece’s economic sentiment (ESI) fell by 10.8 points month-on-month in May to reach 88.5 points, European Commission (EC) figures showed on Thursday.
There was a pleasant surprise for Greece on Wednesday when the European Commission announced its proposal for a Recovery and Resilience Facility (RRF) of 750 billion euros, which will be attached to the 1.1 trillion euros multi-year fiscal framework of 2021-2027.
The Athens Water Supply and Sewerage Company (EYDAP) has released its full year financial results for 2019, showing that turnover increased by 0.4 percent for the year in question, coming in at 323.7 million euros versus 322.4 million euros in 2018.
Greece’s national airline, Aegean Airlines, has sounded the alarm over its first quarter (Q1) results which showed a sharp drop in revenues in the third month of the quarter, dragging the entire quarter down.
Bank of Greece governor Yannis Stournaras has reiterated calls for the immediate implementation of Greece’s bad bank to deal with the reduction of NPEs.
The budget primary balance recorded a deficit of 1.52 billion euros in the first four months of 2020, compared to a surplus of 1.46 billion noted a year earlier, the final Finance Ministry (MoF) budget execution bulletin for April showed on Monday.
As Greece moves to reopen its tourism season, the implications for Greece’s banking sector could be widespread thanks to the loan exposure that Greek banks have to this sector.
Greece’s travel balance fell to 31.6 million euros in March from 68.1 million a year ago, Bank of Greece (BoG) data has shown. This is equal to an decrease of 53.6 percent year-on-year (YoY).