Economy
BoG data shows that overseas property investment revenue accelerated in 2018
Property investments from overseas parties have picked up in recent years in Greece, as illustrated by figures from the Bank of Greece (BoG) which showed that 1.35 billion euros worth of foreign property investments were made in Greece in 2018.
Athens set to press ahead with primary residence law despite differences with lenders
The Greek government appears set to table in Parliament on Friday the draft law for the new framework governing the protection of primary residences from foreclosure without necessarily first reaching an agreement with the institutions.
Fourlis Group reports net profit increase of 42.4 pct in 2018
Fourlis Group has reported an increase in sales of 3.3 percent year-on-year (YoY) in 2018 compared to 2017.
Industrial turnover down by 7.6 pct in January
Greece’s industrial turnover fell by 7.6 percent year-on-year (YoY) in January, deepening from a fall of 0.9 percent seen in December, Hellenic Statistical Authority (ELSTAT) data published on Wednesday showed.
EastMed pipeline close to high-level agreement, but still a long way from becoming reality
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The EastMed pipeline project is approaching another milestone, with a summit due to take place between Israel, Cyprus and Greece in Jerusalem on March 20.
ADMIE Holdings income rises to 42.4 mln, affiliate profits grow to 85.6 mln in 2018
ADMIE Holding SA’s 2018 financial results have shown that total income from its affiliate the Independent Power Transmission Operator (IPTO SA) rose by 76.3 percent to 42.4 million. Net profits came to 42.3 million euros in 2018 compared to 23 million euros in 2017.
Motor Oil Hellas turnover rises but net profits decline by 18.3 pct in 2018
Motor Oil Hellas’ full year financial results for 2018 show that turnover increased by 21 percent compared to 2017.
Hellenic Exchanges net profits fall by 1.6 pct in 2018
Athens Stock Exchange’s (ATHEX) full year results for 2018 showed that group turnover was down by 3 percent year-on-year (YoY) at 26.6 million euros compared to 27.4 million in 2017.
Primary cash surplus at 832 mln in February
Greece’s central government primary cash balance recorded a surplus of 832 million euros in the first two months of the year, Bank of Greece (BoG) figures have shown.
Displaying seasonal features, Feb hirings balance beats last year by 11,212 jobs
The employment balance turned sharply positive in February with 27,840 more hirings than departures during the month, data from the Labour Ministry’s Ergani information system showed.