Economy
Terna Energy Q1 2016 net profits fall on FX exchange
Renewable energy company, Terna Energy’s first quarter results for year show that consolidated sales came to 50.4 million euros compared to 45.9 million euros for the same quarter last year, an increase of 9.8 percent.
GEK Terna’s Q1 2016 net profit grows 561 percent
Greek construction and energy group GEK Terna’s financial statements for the first quarter of 2016 which show that the group’s consolidated sales came to 281.9 million euros, compared to 227.1 million euros in Q1 2015, an increase of 24.1 percent.
OPAP's net profits down 9 percent in Q1 of 2016
OPAP, Greece’s leading game operator and Europe’s largest betting firm, has released its Q1 2016 financial statement, which shows that revenues fell by 4.4 percent, coming in at 340.7 million euros compared to 356.3 million euros for the same quarter last year.
Q1 GDP contracts 0.5 pct QoQ and 1.4 pct YoY, slightly worse than flash estimates
The Greek seasonally adjusted (SA) GDP at constant prices contracted 0.5 percent quarter on quarter (QoQ) in the first quarter (Q1) of 2016 after a short-lived marginal increase by 0.1 percent in Q4 2015, the Hellenic Statistical Authority (ELSTAT) provisional estimates showed on Monday.
Office prices ease 0.2 pct in 2015, retail prices drop by 3.5 pct
Office prices in Greece grew by 0.2 percent in the second half (H2) of 2015, Bank of Greece (BoG) data displayed on Monday.
Economic sentiment slips to 89.7 in May, consumer confidence rebounds to -71.9
Greece’s economic sentiment (ESI) fell by 0.6 points in May after increasing in the preceding two months, European Commission (EC) data showed on Monday.
Government faces tight schedule for amendments to bailout legislation
Greece has a matter of days to fulfil the remaining conditions set out by the Eurogroup last week before the disbursement of 7.5 billion euros of the second tranche under the European Stability Mechanism (ESM) programme totalling 10.3 billion.
Greek stocks slip 0.4 pct during week
The Greek equity market moved sideways ending the week with marginal losses of 0.4 percent, while banks significantly underperformed.
Final budget primary surplus reached 2.72 bln at end-April after upward revision of PIB revenues
Greece’s budget primary surplus rose by more than 29 percent to 2.72 billion euros in the 4-month period of 2016 from 2.1 billion in the corresponding period last year, the Finance Ministry (MoF) final budget execution bulletin showed on Friday.
Marfin Investment Group EBITDA up 75.6 pct in Q1
Marfin Investment Group (MIG) has released its Q1 2016 financial report showing that consolidated revenues came in at 245 million euros, recording a marginal decline of 1.2 million, or -0.5 percent versus the same period last year.