Economy
Primary surplus confirmed at 822 mln in Feb
The budget primary balance was confirmed at a surplus of 822 million euros in the first two months of 2018, down significantly against last year’s figure of 2.70 billion euros, the Finance Ministry (MoF) final budget execution bulletin for February showed on Tuesday.
No breakthrough in discussions over protection for main homes
Monday’s meeting of the Euro Working Group (EWG) did not see any breakthrough in the talks between the Greek government and its lenders over the new framework for the protection of primary residences.
Viohalco revenues jump, net profits show slight rise for 2018
Industrial giant Viohalco’s full-year results for 2018 showed that the company’s revenue rose by 18 percent year on year from 3.72 billion euros in 2017 to 4.41 billion in 2018.
Titan Cement net profits rise by 26.2 pct in 2018
Titan Cement’s full-year financial results for 2018 showed that turnover edged down by 1 percent across 2018.
Travel balance rises to 66 mln in January
Greece’s travel balance rose notably in January with a surplus of 66 million compared to 13.5 million a year ago, Bank of Greece (BoG) data has shown.
Terna Energy net profits increase by 26.9 pct in 2018
The full-year results for 2018 of renewable energy company Terna Energy revealed that sales rose by 5.6 percent year-on-year (YoY) and came to 292 million.
Primary residence talks continue amid uncertainty about draft legislation
The Greek government remained in discussions with the institutions on Thursday over the details of the primary residence framework amid concerns that Athens is set to act unilaterally and table the draft legislation without having found any common ground with the lenders.
January current account deficit at 1.18 bln as underlying components deteriorate
Greece’s current account (C/A) balance recorded a deficit of 1.18 billion in January, deepening from December’s deficit of 1.51 billion, Bank of Greece (BoG) figures showed on Thursday.
BoG data shows that overseas property investment revenue accelerated in 2018
Property investments from overseas parties have picked up in recent years in Greece, as illustrated by figures from the Bank of Greece (BoG) which showed that 1.35 billion euros worth of foreign property investments were made in Greece in 2018.
Athens set to press ahead with primary residence law despite differences with lenders
The Greek government appears set to table in Parliament on Friday the draft law for the new framework governing the protection of primary residences from foreclosure without necessarily first reaching an agreement with the institutions.