Friday, 30 September 2016

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  • PPC’s turnover falls 8.5 pct in H1

    29/09/2016

    Greece’s largest power company, the majority state-owned Public Power Corporation (PPC), has released its H1 financial statement showing that group turnover decreased by 248.8 million euros (8.5 percent) to 2.7 billion in H1 2016 compared to 2.9 billion euros in H1 2015.
  • Piraeus Port Authority gross profits up, revenues down in H1 2016

    Photo by Harry van Versendaal 28/09/2016

    Piraeus Port Authority (PPA) H1 2016 results show that despite a total of 28 days of striking between May and June 2016, the company was able to more or less preserve its performance.
  • Greece slips five places to 86th in global competitiveness rankings

    Photo by MacroPolis 28/09/2016

    Greece’s saw its competitiveness drop five places to 86th in a list of 138 countries, according to the Global Competitiveness Report 2016-17 published by the World Economic Forum (WEF) on Wednesday.
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  • Greek SMEs continue to have bleak view of their future

    21/09/2016

    The vast majority of small and medium-sized businesses are in a more difficult financial position than ever before and there is a risk that the overall job losses in the sector could hit 55,000 in 2016, a study by the country’s small and medium-business association has claimed.
  • In EU, Athenians least satisfied with city life but becoming happier

    Photo by Can Esenbel [www.mundanepleasure.com] 13/09/2016

    While residents of Athens are the least satisfied with life in the city compared to those in the capitals of the of the 27 EU member states, they are increasingly warming to the Greek capital, research from the EU’s statistical arm has found.
  • Latest data highlights how hard it is for unemployed Greeks to find jobs

    Photo by MacroPolis 02/09/2016

    Out of all the people in Greece who were unemployed in the fourth quarter 2015, 94.6 percent remained out of work in the first quarter 2016, in what is the highest rate in the European Union, data from Eurostat has shown.
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  • How the pension fund that invested heavily in Attica Bank lost half its reserves

    27/09/2016

    The Engineers and Public Contractors Pension Fund (TSMEDE) found itself in the spotlight over the last few days as a result of being the major shareholder in Attica Bank, which faced a number of issues related to corporate governance and lending activities, according to an investigation carried out by the Bank of Greece (BoG).
  • A market for NPL resolution

    21/09/2016

    When the largest Greek banks (in terms of assets) published their second quarter results a fortnight ago, much investor attention was focused on the formation and breakdown of non-performing exposure (NPE) on their respective balance sheets.
  • Out with the old, in with the old

    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com] 16/09/2016

    Perhaps more so than its promises about debt reduction, its ambitious targets for welfare spending and its abstract pledge to restore pride, what swung it for SYRIZA back in January 2015, when it first came to power, was the hope that it would represent something new.