Economy
Government looks to review visit for nod on tax package
The scheduled visit by the institutions for the fourth post-MoU review will wrap up on Wednesday after three days of meetings between finance ministry officials and the heads of the institutions.
Current account balance shows surplus of 1.28 bln in July
Greece’s current account (C/A) balance came to a surplus of 1.28 billion in July, improving from a surplus of 874.4 million euros in June, according to Bank of Greece (BoG) figures released on Friday.
Industrial turnover rises by 4.3 pct in July
Greece’s industrial turnover increased by 4.3 percent year-on-year (YoY) in July following an upward revised drop of 7.7 percent in June, Hellenic Statistical Authority (ELSTAT) data published on Thursday showed.
OTE completes bookbuilding for bond with historically low coupon
The Hellenic Telecommunications Organization S.A. (OTE) announced on Wednesday that is had concluded the bookbuilding process for the issuance of a 500 million euro 7-year bond in international debt capital markets.
New twist in Hellinikon saga as Lamda goes it alone
Developments in Greece’s marquee privatization project at Athens’s former airport took an unexpected turn on Wednesday when it was announced that the foreign investors participating in the consortium formed to acquire the property have withdrawn.
Athens submits APS plan aiming to remove up to 30 bln of NPLs from bank balance sheets
The Greek government appears to have submitted to the European Commission its final proposal for an Asset Purchase Scheme (APS), which it hopes will help local banks substantially reduce their stock of non-performing loans.
Primary cash balance surplus at 2.46 bln in August
Greece’s central government primary cash balance recorded a surplus of 2.46 billion euros in the first eight months of the year according to figures released by the Bank of Greece (BoG).
ADMIE Holdings affiliate profits drop 11.4 pct to 39.4 mln in Q2
ADMIE Holding SA reported its results for the first half (H1) of the year, which showed that total income from its affiliate the Independent Power Transmission Operator (IPTO SA) rose to 20.1 million, a decline of 1.2 percent.
Athens launches drive to pre-pay part of IMF loan, bringing budget benefits
Greece has launched the formal process to pre-pay part of the loans it has received from the International Monetary Fund after Finance Minister Christos Staikouras officially requested clearance from the European Stability Mechanism in a letter on Monday.
Ellaktor’s H1 results show profits of 5.7 mln, reversing loss
The Ellaktor Group of Companies’ financial results for the first half (H1) of 2019 showed that turnover fell by 23.6 percent in the first six months of the year.