Economy
OPAP increases profits by 8.1 pct in 2015
The Greek Organisation of Football Prognostics (OPAP), Europe’s largest betting firm, posted a year on year net profit increase of 8.1 percent for 2015 compared to 2014.
Economic sentiment rebounds in March, consumer confidence nosedives
Greece’s economic sentiment improved by 1.1 points to 90.1 in March after a drop of 2.6 points in February, European Commission (EC) data showed on Wednesday.
Piraeus Port Authority announces profit increase for 2015
The Piraeus Port Authority (PPA) has released its annual financial statement for 2015, showing post-tax profits of 23.8 percent.
Bad debt provisions impact on PPC’s 2015 results
Greece’s largest power company, the majority state-owned Public Power Corporation (PPC), released its annual financial report on Tuesday, which showed that the company ended the year with losses.
Deposit outflows for second straight month in February, at 548 mln
Greek private sector deposits headed south for the second straight month in February, with outflows easing to 548 million euros from 1.12 billion in January, Bank of Greece (BoG) data showed on Tuesday.
Credit contraction accelerates to 2.3 pct in Feb, loan deductions of almost 400 mln
Greek bank credit contraction accelerated for the second successive month in February to 2.3 percent from 2.1 percent in January, Bank of Greece (BoG) figures showed on Tuesday.
Tourism growth provides lift to Aegean’s 2015 results
Greece’s bumper tourism year in 2015 appears to have given a boost to Greece’s largest airline, Aegean, which reported an 8 percent increase in consolidated revenue in 2015 compared to 2014 in its annual financial results for 2015.
Marfin Investment Group returns to profit in 2015
Marfin Investment Group (MIG) has released its 2015 annual results showing that for the first time since 2009, the group reported profits at the level of consolidated EBIT: 42.7 million euros compared to a loss of 17.8 million in 2014.
Revenues of 1 pct of GDP targeted from changes to income tax and solidarity levy
The government and the institutions have broadly agreed that circa 1 percentage of the anticipated fiscal gap of around 3 percent of GDP by 2018 would be covered by the overhaul of the tax system.
Sub-Saharan growth drives Metka Group’s 2015 results
Engineering group Metka, which specialises in large-scale projects in energy, infrastructure and defence sectors has posted strong growth for the year 2015 according to its annual financial report.