Economy
Viohalco revenues and profits drop in 2019 due to global pricing
Industrial giant Viohalco’s full-year results for 2019 showed that the company’s revenue fell by 4.7 percent year on year from 4.41 billion euros in 2018 to 4.20 billion in 2019.
Greek hotel industry reports COVID-19 related losses of half a billion to date
The Hellenic Chamber of Hotels (HCH) has released a survey showing the first estimations of the impact on Greece’s hotel industry due to the coronavirus epidemic.
ECB makes Greece eligible for up to 12 bln in bond purchases amid market frenzy
After seeing its sovereign debt market decimated within a period of four weeks, Greece breathed a sigh of relief on Wednesday night when the ECB announced that it will include the country in its Pandemic Emergency Purchase Programme (PEPP).
Motor Oil Hellas net profits fall by 12 pct in 2019
Motor Oil Hellas’s full-year financial results for 2019 show that turnover dropped by 1.5 percent compared to 2018.
Mytilineos Group's turnover up by 47.8 pct in 2019
The industrial conglomerate Mytilineos Group’s full-year 2019 financial report has highlighted that turnover rose to 2.26 billion euros from 1.53 billion euros in 2018, a rise of 47.8 percent year-on-year (YoY).
Primary cash balance deficit at 378 mln in February
Greece’s central government primary cash balance recorded a deficit of 378 million euros in the first two months of the year according to figures released by the Bank of Greece (BoG).
Government readies up to 2 bln in assistance for shuttered firms and employees
Finance Minister Christos Staikouras announced on Wednesday a second round of coronavirus-related support measures for the Greek economy, which will total roughly 2 billion euros.
More than a quarter of a million firms affected by enforced closures due to Covid-19
The government’s emergency response to the coronavirus outbreak will lead to the closure of just over a quarter of a million businesses and temporary job losses for up to one million employees according to the latest estimates.
Fourlis Group reports higher sales, lower profits in 2019
Fourlis Group has reported an increase in sales of 4 percent year-on-year (YoY) in 2019 compared to 2018.
Aegean Airlines posts net profits of 78.5 mln in 2019, up 15.6 pct
Aegean Airlines’ full year financial results for 2019 reported a rise of 10.4 percent in revenue compared to the previous year.