Economy
GEK Terna revenues grow 1.9 pct in 2017, net profits jump significantly
Greek construction and energy group GEK Terna has released its financial statements for the year 2017 which showed that group turnover rose to 1.89 billion, an increase of 1.9 percent compared to the previous year.
Strong deposit growth of 1.14 bln noted in March
Net deposit movement in the Greek banking system turned strongly positive in March, with inflows of 1.14 billion compared to inflows of 59 million in February, Bank of Greece (BoG) figures revealed on Monday.
Credit contraction at 1 pct in March, balance at 180.34 bln
Credit contraction in the Greek market came to 1 percent in March compared to a contraction of 0.9 percent in February according to Bank of Greece (BoG) figures released on Monday.
Retail sales drop by 0.4 pct in Feb, volume down by 0.1 pct
Greece’s retail sales declined by 0.4 percent year-on-year in February after January’s increase was revised down to 0.1 percent, according to data published by the Hellenic Statistical Authority (ELSTAT) on Monday.
PPC net profits down by 47.9 pct in 2017
Greece’s largest power company, the majority state-owned Public Power Corporation’s (PPC) full year results for 2017 revealed muted performance across the year as revenues and profitability fell.
Institutions prepare for Athens return, completion of fourth review
The institutions will return to Athens on May 14 with a view to securing a staff-level agreement (SLA) to bring the fourth review to a close later in the month, the Eurogroup decided on Friday.
Disposable income grows by 0.4 pct in Q4, final consumption shrinks by 0.6 pct
Greek household disposable income grew by 0.4 percent in the fourth quarter (Q4) of 2017, albeit declining from Q3’s increase of 0.8 percent, according to Hellenic Statistical Authority (ELSTAT) data released on Friday.
Economic sentiment rises to 103.6 in Apr, consumer confidence rises by 4 pts
Greece’s economic sentiment (ESI) rebounded by 3.8 points to 103.6 in April compared to 99.8 in March, European Commission (EC) figures revealed on Friday.
Folli Follie 2017 net profits fall by 4.5 pct on FX movement and weaker final quarter
Greek jewellery and fashion accessory designer and retailer Folli Follie’s annual results for 2017 show that revenues reached 1.42 billion euros compared to 1.34 billion euros in 2016, up by 6.1 percent.
Juncker heralds MoU exit but fails to add clarity during Athens visit
While the visit of European Commission president Jean-Claude Juncker to Athens on Thursday was seen as a symbolic gesture ahead of Friday’s Eurogroup and within the context of the final months of Greece’s third programme, it did little to provide clarity regarding the obstacles that have to be overcome in the coming weeks.