Economy
PPC returns to profitability in 2020, posting net income of 35.2 mln
Greece’s largest power company, the majority state-owned Public Power Corporation (PPC), posted a 2020 net profit of 35.1 million euros, following a loss of 1.69 billion euros a year earlier.
Current account deficit narrows to 840.3 mln in Feb as imports drop
Greece posted a current account (C/A) deficit of 840.3 million euros in February compared to 435.7 million euros in January, Bank of Greece (BoG) data showed on Tuesday.
Industrial turnover drops by 2.4 pct in February
Greece’s industrial turnover fell 2.4 percent from a year earlier in February, compared with a revised drop of 12.3 percent in January.
Primary cash balance deficit at 3.91 bln in March
Greece’s central government recorded a primary cash balance deficit of 3.91 billion euros in the first three months of the year, according to figures released by the Bank of Greece.
Budget primary deficit at 3.42 bln in March, above target by 941 mln
The budget primary balance recorded a deficit of 3.42 billion euros in the first three month of 2021, compared with a surplus of 494 million in the same period of 2020, the preliminary Finance Ministry (MoF) budget execution bulletin for March showed on Thursday.
Lamda Development reports net loss of 51.7 mln in 2020
Property developer Lamda Development’s full year results for 2020 show a net loss of 51.7 million euros, from a net profit of 49.9 million in 2019.
Wages index up by 4.5 pct YoY in Q4 2020, rises by 3.1 pct QoQ
Greece’s seasonally adjusted (SA) Wages Index increased 4.5 percent year-on-year (YoY) in the fourth quarter (Q4) of 2020, following a rise of 3 percent in Q3, Hellenic Statistical Authority (ELSTAT) figures revealed on Wednesday.
New tax debt at 1.63 bln February, rising by 1.03 bln month-on-month
The month-on-month rise in Greece's new tax debt came to 1.03 billion euros in February, data from the Independent Authority of Public Revenues (IAPR) has shown.
Building permits increase by 6.4 pct in January
Building permits increased by 6.4 percent year-on-year (YoY) in January after a drop of 0.7 percent seen in December, Hellenic Statistical Authority (ELSTAT) data released on Monday showed.
Aegean Airlines posts 2020 loss of 227.9 mln as Covid batters air travel
Aegean Airlines reported a 68.3 percent plunge in revenue in 2020 compared to the year before as the Coronavirus pandemic curtailed air travel.