Economy
Amid Eurogroup stalemate, Athens focusses on extra liquidity available after ECB move
Tuesday’s Eurogroup teleconference ended in disagreement and is set to be repeated on Thursday, although Greece did secure a boost from the European Central Bank, which decided to allow Greek sovereign bonds to be used as collateral by local banks.
Lamda Development reports net profits of 49.9 mln in 2019
Property developer Lamda Development’s full year results for 2019 show a net profit of 49.9 million euros, improving from net profits of 42.3 million in 2018.
Trade deficit up by 7.8 pct in February
Greece’s trade deficit increased by 7.8 percent year-on-year (YoY) in February compared to a drop of 9.8 percent in January, data from the Hellenic Statistical Authority (ELSTAT) released on Tuesday showed.
Covid-19 effects spread across number of sectors
As Greece remains in lockdown, the impact of the coronavirus outbreak on the country's economy is becoming clearer.
Terna Energy net profits increase by 14.9 pct 2019
Renewable energy company Terna Energy’s full year results for 2019 revealed that sales rose by 2.4 percent year-on-year (YoY) and came to 299.1 million.
BoG highlights strong year for property in 2019 but warns of Covid-19 impact in 2020
The Bank of Greece (BoG) has made its first estimate of the impact of the coronavirus on the property market in Greece while outlining the positive year enjoyed by the sector in 2019.
OPAP full year results for 2019 show net profit rise of 41.2 pct
The full year financial results of the Greek Organisation of Football Prognostics (OPAP), Greece’s leading game operator and Europe’s fourth-biggest betting firm show that gross gaming revenues grew by 4.7 percent in 2019 compared to 2018.
Overall loan interest drop to 4.30 pct in February
The overall weighted average interest rate on all new loans to households and non-financial corporations rose by 6 percentage points to 4.30 percent in February from 4.36 percent in January, data from the Bank of Greece (BoG) showed on Wednesday.
NBG results show net profits of 18 mln in Q4 and 484 mln in 2019
National Bank of Greece (NBG) reported a net profit of 18 million euros from continued operations in the fourth quarter (Q4) of 2019, compared to 210 million euros in Q3.
Big drop in March sees PMI settle at 42.5 pts as Covid-19 measures bite
Greece’s manufacturing PMI dropped to 42.5 points in March from 56.2 points in February, according to the latest data from Markit PMI.