Economy
PPC: The struggling electricity giant dominating bailout talks
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One of the biggest stumbling blocks in the way of t the Greek government and the institutions to clinch a staff-level agreement (SLA) is the liberalisation of the energy market, with lenders requesting the sale of 40 percent of the Public Power Corporation (PPC) units.
Mytilineos Group turnover down 10 pct in 2016
The industrial conglomerate Mytilineos Group has released its full year 2016 report which shows that overall results for the group were negatively affected by higher depreciation costs (13.5 million euros) in the energy sector. These costs are expected to settle to normal levels in 2017.
Hellenic Exchanges 2016 net profits fall 84 pct on adverse market conditions
The 2016 financial results of Hellenic Exchange, the company that manages the Athens Stock Exchange (ATHEX), show 1.4 million euros post-tax profit, significantly lower than the 9 million euros profits recorded in 2015 and representing a drop of 84 percent.
Deposit outflows continue in Feb but slow to 750 mln
The Greek banking system recorded outflows for the second successive month, albeit reduced to 750 million euros in February from 1.53 billion in the previous month, Bank of Greece (BoG) figures revealed on Monday.
Credit contraction stable at 1.6 pct in Feb, net deductions drop to 101 mln
The rate of credit contraction in the Greek market remained stable at 1.6 percent in February, Bank of Greece (BoG) figures showed on Monday.
Three investment groups table binding offers for Thessaloniki Port
The Hellenic Republic Asset Development Fund (HRADF) announced on Saturday that it received on Friday three binding offers for the acquisition of a 67 percent stake in Thessaloniki Port Authority (OLTH).
Stocks down by another 1.4 pct over week as Brussels talks prove inconclusive
The Greek equity market headed south for the third successive week, dropping at an accelerating pace of 1.4 percent from 0.6 percent in the previous week.
Travel receipts drop 2.4 pct in Jan following lower foreign arrivals
Greece's travel receipts fell by 2.4 percent to 164.8 million euros in January, Bank of Greece (BoG) figures showed on Friday.
Budget primary surplus outperforms in 2-month, tax revenues underperform in Feb
The budget primary surplus was confirmed at 2.14 billion euros in the 2-month period of 2017, down by 25.2 percent from last year’s figure of 2.85 billion, the Finance Ministry (MoF) final budget execution bulletin revealed on Friday.
Fraport reveals airport plans as major privatisation overcomes obstacles
Fraport presented on Wednesday its plan for the modernisation and development of 14 Greek regional airports ahead of the official delivery of the airports and following the implementation of most of the required prior actions.