Economy
Banks tout ambitious NPE plans to return to European mainstream
Greece’s banks have started what was set to be a difficult year for them by winning plaudits for their progress towards meeting tough goals for reducing the stock of non-performing exposures.
BoG sees 4.2% recovery in 2021, re-emphasises need for bad bank
In the governor’s annual report issued on Tuesday, the Bank of Greece maintains its rather positive stance on the Greek economy, while it highlighted the challenges faced by the country’s banking sector.
Ellaktor 2020 loss deepens to 186.7 mln as revenue drops 30 pct
The Ellaktor Group of Companies’ financial results for 2020 showed that net income for the financial year came to a loss of 186.7 million euros, compared with a loss of 131.4 million euros last year.
OPAP 2020 net profit grows 1.5 pct on re-measurement of Kaizen stake
The full year financial results of the Greek Organisation of Football Prognostics (OPAP), the country’s leading game operator, show that gross gaming revenues fell by 30.3 percent in 2020 compared to 2019.
PMI rises to 51.8 points in March, first expansion in over a year
Greece’s manufacturing PMI rose to 51.8 points in March from 49.4 points in February, according to the latest data from Markit.
PM unveils 'Greece 2.0' plan to use EU recovery funds, transform economy
Prime Minister Kyriakos Mitsotakis on Wednesday unveiled the government’s plan for how it will use of the European Union’s Recovery and Resilience Facility funds to remake the country’s economy after the damage wrought by the coronavirus pandemic.
Retail turnover drops by 5 pct and volume by 3 pct in January
Greece’s retail sales index decreased by 5 percent in January following a revised drop of 12.8 percent in December, Hellenic Statistical Authority data showed on Wednesday.
Economic sentiment rises to 96.9 points in March as all sectors improve
Greece’s economic sentiment rose by 5 points month-on-month in March to reach 96.9 points, European Commission figures showed on Tuesday.
Hellenic Exchanges posts net profit of 3.87 mln in 2020
Athens Stock Exchange’s (ATHEX) full year results showed that group turnover was down by 7.9 percent year-on-year (YoY) at 30.7 million euros compared to 33.4 million last year.
Budget primary deficit confirmed at 1.5 bln in Feb, beating target
The budget primary balance recorded a deficit of 1.5 billion euros in the two month of 2021, compared with a surplus of 831 million in the same period of 2020, the preliminary Finance Ministry (MoF) budget execution bulletin for February showed.