Economy
Key debt relief talks fail to result in deal, leaving IMF role in doubt
A meeting of Greece’s key lenders on Saturday failed to result in an agreement on the debt relief package that is due to be tabled at the June 21 Eurogroup, leaving diminishing chances of the International Monetary Fund being involved in anything more than a technical capacity in the future.
Hellenic Petroleum net profits down by 40 pct in Q1
Greece’s largest oil refinery, Hellenic Petroleum’s first quarter (Q1) results for 2018 showed that sales rose by 5 percent to 2.17 billion from 2.07 billion for the same quarter last year.
NBG makes profit of 20 mln in Q1, NPE stock falls again
National Bank of Greece (NBG) reported a net profit of 20 million euros from continued operations in the first quarter (Q1), reversing the loss of 60 million euros in Q4.
All eyes on Washington Group's attempt to break debt relief deadlock
The Greek government will be watching with some concern when its key lenders gather in Canada over the weekend to discuss debt relief.
Alpha Bank posts net profits of 65.2 mln in Q1, NPEs fall for fifth quarter
Alpha Bank reported net profits of 65.2 million euros for the first quarter (Q1) of 2018, reversing the loss of 64 million in Q4 2017.
Manufacturing PMI up to 54.2 in May, completing 12 months of rises
The Greek manufacturing sector’s recovery completed a full year of expansion in May, with Markit’s PMI settling at 54.2, up from the 52.9 in April.
Capital controls eased, allowing larger withdrawals and doubling limit on business transfers abroad
Greece’s Finance Ministry (MoF) announced on Thursday that the capital controls introduced in the summer of 2015 will be further relaxed from Monday as part of an effort to fully abolish them not long after the end of the programme.
OPAP Q1 net profits rise 20 pct on VLT terminal revenues
The Greek Organisation of Football Prognostics (OPAP) has released its Q1 results showing that gross gaming revenues (GGR) came to 377.3 million euros, an increase of 5.1 percent.
Lamda Development EBITDA up 44.3 pct in Q1 on full acquisition of The Mall Athens
Property developer Lamda Development has reported a 44.3 percent rise in EBITDA in the first quarter (Q1) of 2018 to 14 million euros.
Retail sales up by 1.2 pct in March on higher activity in dept stores, clothing
Greece’s retail sales index increased by 1.2 percent in March 2018, following a decline by 0.4 percent year-on-year in February, according to data published by the Hellenic Statistical Authority (ELSTAT) on Thursday.