Economy
Final budget primary surplus reached 2.72 bln at end-April after upward revision of PIB revenues
Greece’s budget primary surplus rose by more than 29 percent to 2.72 billion euros in the 4-month period of 2016 from 2.1 billion in the corresponding period last year, the Finance Ministry (MoF) final budget execution bulletin showed on Friday.
Marfin Investment Group EBITDA up 75.6 pct in Q1
Marfin Investment Group (MIG) has released its Q1 2016 financial report showing that consolidated revenues came in at 245 million euros, recording a marginal decline of 1.2 million, or -0.5 percent versus the same period last year.
Net profit of 87 mln for NBG in Q1
National Bank of Greece (NBG) posted net profit of 87 million euros in the first quarter (Q1) of 2016 from a loss of 2.05 billion in Q4 and 159 million a year ago.
Folli Follie continues growing in Q1 2016
Greek jewelry and fashion accessory designer and retailer Folli Follie’s Q1 2016 financial results revealed that the group’s consolidated revenue reached 293.7 million euros versus 268.6 million euros last year, an increase of 9.3 percent.
Lamda Development's Q1 2016 profits up 14 pct
Property developer Lamda Development has released its Q1 2016 interim financial statement which shows that the group made profits of 1.6 million euros compared to 1.4 million euros for the same period last year, representing an increase of 14.3 percent.
Aegean Q1 2016 results: passengers and losses up
Aegean Airline’s Q1 2016 financial results, released on Thursday, showed that net losses for the period stood at 21.5 million euros compared to 8.3 million euros last year, resulting in losses increasing by 157 percent.
Motor Oil Hellas increases profits by 16.7 pct in Q1 2016
Motor Oil Hellas has released its interim Q1 2016 results, which show that the group’s net operating profits stood at 48.7 million euros versus 41.7 million euros for the same quarter last year, an increase of 16.7 percent.
PPC sees profits rise in Q1 2016
Greece’s largest power company, the majority state-owned Public Power Corporation (PPC), released its interim Q1 2016 financial statement on Thursday, showing that turnover fell by 8.8 percent in the quarter compared to the same time last year.
HRADF's updated plan for 19 privatisation projects published
The Hellenic Republic Asset Development Fund (HRADF) asset development plan was published in the Government Gazette on Wednesday following its approval from the government’s Economic Policy governing council.
Rating agencies positive on disbursement, stress programme implementation risks remain high
Rating agencies welcomed the Eurogroup’s decision to approve the disbursement of 10.3 billion euros to Greece and to provide a road map on debt relief, while they stressed that the programme implementation risks remain high.