Economy
OTE's revenues rise by 0.2 pct in Q1
The Hellenic Telecommunications Organization S.A’s (OTE Group) results for the first three months (Q1) of 2019 showed a 0.2 percent rise in revenue compared to the same quarter last year.
Athens plans to use cash buffer to create fiscal leeway for expansionary measures
The package of expansionary measures announced by Prime Minister Alexis Tsipras on Tuesday is due to be covered by the fiscal space the government expects over the coming years but also creates some doubt about the primary surplus targets agreed with the lenders.
EC spring forecast sees growth of 2.2 pct in 2019, 2020 but warns of hampered public investments
The European Commission (EC) issued on Tuesday its regular spring forecasts for 2019, which showed that it is now expecting the country to grow by 2.2 percent this year compared to an estimation of 2 percent in the autumn forecast, and in line with the interim winter forecast.
Fears and reassurances over PPC's dire finances
After a disastrous set of full year results for 2018 which showed net losses of over half a billion euros from continued operations, the future of the Public Power Corporation (PPC) has been a topic of hot debate in recent weeks.
Ministers unveil lengthy payment schemes for unpaid taxes and contributions
The government is due to table in Parliament on Monday draft legislation paving the way for debts to the tax office, social security funds and municipalities to be settled in up to 120 monthly instalments.
Athens revises projections in Stabilty Programme, sees more fiscal space in coming years
Greece submitted on Thursday the Stability Programme for the 2019–2022 period in line with the requirements of the European Parliament and the Council regulations, which also corresponds to the national medium-term fiscal plan.
Debt relief measures move ahead as Athens prepares to use fiscal space
Greece has received the green light for the latest round of debt relief measures and is set to move ahead with plans to repay part of the loans it has received from the International Monetary Fund early.
Mytilineos Group net profits rise by 20.9 pct in Q1
The industrial conglomerate Mytilineos S.A’s first quarter (Q1) results show that turnover increased notably in the first three months of this year compared to Q1 2018.
Coca Cola HBC sales revenues up by 4.4 pct in Q1
Coca-Cola HBC’s first quarter (Q1) results show that net revenues rose by 4.4 percent on a reported basis in the three-month period.
Deposit movement turns positive by 1.28 bln in March
Net deposit movement in the Greek banking system turned positive by 1.28 billion in March compared to negative outflows of 789 million euros in February, Bank of Greece (BoG) figures revealed.