Economy
NBG remains profitable in Q2 with net results of 21 mln
National Bank of Greece (NBG) reported a net profit of 21 million euros from continued operations in the second quarter (Q2), very slightly improving on net profits of 20 million in Q1.
Aegean Airlines net loss falls to 13.8 mln in H1
Aegean Airlines’ revenues rose by 1 percent in the first half (H1) of 2018 while losses eased by 31 percent.
Motor Oil Hellas’ group turnover up 18.1 pct in H1
Motor Oil Hellas’ financial results for the first half (H1) of 2018 show that group turnover increased by 18.1 percent compared to the same time last year.
Hellenic Petroleum net profits rise 34 pct in H1
Greece’s largest oil refinery, Hellenic Petroleum’s financial results for the first half (H1) of the year showed that the group’s sales rose by 15 percent during the first six months.
Eurobank sees net profits of 1.1 mln in Q2, NPEs continue to fall
Eurobank recorded net profits of 1.1 million euros in the second quarter (Q2) of 2018 compared to profits of 34.5 million in the previous quarter.
Retail turnover in June grows strongly led by fuel and supermarket sales
Greece’s retail sales index increased by 3.3 percent in June, following a revised downward 4.9 percent rise in May, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Alpha Bank makes loss of 52.9 mln in Q2, reaching profit of 12.3 mln in H1
Alpha Bank reported a net loss of 52.9 million euros in the second quarter (Q2) of the year, attributable entirely from profits originating from continued operations. The results reverse profits of 65.2 million euros noted in the first quarter of the year.
Athens eyes cancellation of pension cuts as Tsipras prepares Thessaloniki package
The Greek government has given its clearest indication yet that it does not intend to implement the 1 percent of GDP in pension cuts due next year.
Economic sentiment remains stable as retail confidence materially improves
Greece’s economic sentiment (ESI) remained broadly unchanged in August dropping by 0.1 points to 105.2 following a rise of 2.8 points in July, European Commission (EC) figures revealed on Monday.
Crisis-era productivity in Greece lowest among OECD countries
A study by the Organisation for Economic Cooperation and Development (OECD) examining productivity levels over the last seven years found that Greece was the only country surveyed where productivity fell over the period.