Economy
Primary cash balance deficit at 378 mln in February
Greece’s central government primary cash balance recorded a deficit of 378 million euros in the first two months of the year according to figures released by the Bank of Greece (BoG).
Government readies up to 2 bln in assistance for shuttered firms and employees
Finance Minister Christos Staikouras announced on Wednesday a second round of coronavirus-related support measures for the Greek economy, which will total roughly 2 billion euros.
More than a quarter of a million firms affected by enforced closures due to Covid-19
The government’s emergency response to the coronavirus outbreak will lead to the closure of just over a quarter of a million businesses and temporary job losses for up to one million employees according to the latest estimates.
Fourlis Group reports higher sales, lower profits in 2019
Fourlis Group has reported an increase in sales of 4 percent year-on-year (YoY) in 2019 compared to 2018.
Aegean Airlines posts net profits of 78.5 mln in 2019, up 15.6 pct
Aegean Airlines’ full year financial results for 2019 reported a rise of 10.4 percent in revenue compared to the previous year.
Greece prepares more measures to support economy after Eurogroup relaxes fiscal restrictions
The government is lining up a new set of economic measures to help businesses struggling due to the impact of the coronavirus after receiving the all-clear from the Eurogroup regarding this year’s fiscal target.
Budget primary surplus at 823 mln in February
The budget primary balance recorded a surplus of 823 million euros in the first two months of 2020, compared to a surplus of 822 million noted in February 2019, the preliminary Finance Ministry (MoF) budget execution bulletin showed on Monday.
Loans under credit servicing firms rise 17.1 pct QoQ to 23.54 bln
The Bank of Greece’s (BoG) released statistics for the fourth quarter (Q4) of 2019 regarding the operations of Credit Servicing Firms (CSFs) in Greece.
Turnover in services remains broadly positive in Q4 2019
Turnover indices for the services sector remained relatively stable in the fourth quarter (Q4) of 2019, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
Eurobank net profits at 256.7 mln in 2019
Eurobank recorded net profits of 107.6 million euros in the fourth quarter (Q4) of 2019 compared to net profits of 59 million in Q3.