Economy
Lamda Development EBITDA up 3.7 pct in Q1
Property developer Lamda Development has reported a 3.7 percent rise in EBITDA in the first quarter (Q1) of 2019 to 14.1 million euros.
Alpha Bank posts net profits of 27.5 mln in Q1, ELA eliminated
Alpha Bank reported net profits of 27.5 million euros for the first quarter (Q1) of 2019, improving on the net loss of 1 million euros noted in Q4 2018.
PBO sees fiscal target being reached despite expansionary measures
In its quarterly report published on Wednesday, Parliament’s Budget Office (PBO) does not share the concerns of the country’s lenders about the impact of the latest expansionary measures on fiscal targets.
Credit contraction falls to 0.1 pct in April, balance at 161.82 bln
Credit contraction in the Greek market edged down to 0.1 percent in April from 0.6 percent in March, Bank of Greece (BoG) figures showed on Tuesday.
Motor Oil net profits jump to 106.3 mln in Q1
Motor Oil Hellas’ financial statement has shown that the group’s revenues increased by 6.9 percent to 2.20 billion euros in the first quarter (Q1) of the year.
Deposits up by 1.54 bln in April, rising for second consecutive month
Net deposit movement in the Greek banking system turned positive by 1.54 billion in April after inflows of 1.22 billion euros in March, Bank of Greece (BoG) figures revealed.
Economic sentiment shows slight rise to 100.8 in May
Greece’s economic sentiment (ESI) edged up by +0.3 points in May to 100.8 points, European Commission (EC) figures revealed on Tuesday.
Primary surplus target still on lenders' agenda despite snap elections
There have been reports that the European Commission might not publish its third enhanced surveillance report next week, but it is certain that the issue of meeting this year’s fiscal targets will not disappear for the current Greek government or its successor.
Budget primary surplus confirmed at 1.46 bln in April, above target by 2.31 bln on higher revenues
The budget primary balance recorded a surplus of 1.46 billion euros in the first four months of 2019, compared to a surplus of 1.80 billion noted in April 2018, the Finance Ministry (MoF) final budget execution bulletin confirmed on Monday.
Payment plans for overdue debts launched as Athens looks for revenue boost
There appears to have been keen interest in the schemes launched this week allowing taxpayers to settle their unpaid taxes and social security contributions in up to 120 instalments, possibly boosting the government’s efforts to convince the institutions that Greece will be able to meet its fiscal targets this year.