Economy
Lenders set to highlight reform delays, leaving fiscal gap concerns until after elections
The European Commission is due to publish on Wednesday the third enhanced surveillance report, highlighting that recent fiscal interventions by the government have cast doubt over whether this year’s primary surplus target will be reached.
Aegean Airlines posts net loss of 30.8 mln in Q1
The first quarter (Q1) 2019 results for Aegean Airlines show that revenues increased by 4 percent year-on-year to 172 million.
PMI eases to 54.2 in May as exports continue to rise
Greece’s manufacturing PMI dropped to 54.2 points in May from 56.6 points in April according to the latest data from Markit PMI.
Piraeus Bank posts net profit of 14 mln in Q1 from continued operations
Piraeus Bank’s first quarter (Q1) results revealed net results from continued operations showing a profit of 14 million euros compared to a net profit of 145 million in Q4 2018. The latest results reflect a fourth continuous quarter of profitability for the bank.
ADMIE Holdings posts income of 13.3 mln, affiliate's profits at 26.1 mln in Q1
ADMIE Holding SA reported its results for the first quarter (Q1) which showed that total income from its affiliate the Independent Power Transmission Operator (IPTO SA) reached 13.3 million euros.
Retails sales up by 5.1 pct in Mar after three-month slump
Greece’s retail sales index jumped by 5.1 percent in March, following a 2.3 percent drop in February according to data from the Hellenic Statistical Authority (ELSTAT) released on Friday.
Eurobank net profits at 19.7 mln in Q1, merger with Grivalia Properties complete
Eurobank recorded net profits of 19.7 million euros in the first quarter (Q1) of 2019, representing a year-on-year (YoY) decline of 42.9 percent versus net profits of 34.5 million euros in Q1 2018.
Lamda Development EBITDA up 3.7 pct in Q1
Property developer Lamda Development has reported a 3.7 percent rise in EBITDA in the first quarter (Q1) of 2019 to 14.1 million euros.
Alpha Bank posts net profits of 27.5 mln in Q1, ELA eliminated
Alpha Bank reported net profits of 27.5 million euros for the first quarter (Q1) of 2019, improving on the net loss of 1 million euros noted in Q4 2018.
PBO sees fiscal target being reached despite expansionary measures
In its quarterly report published on Wednesday, Parliament’s Budget Office (PBO) does not share the concerns of the country’s lenders about the impact of the latest expansionary measures on fiscal targets.