Economy
Terna Energy posts significant profit increase for 2015
The renewable energy company Terna Energy has released its financial results for 2015, showing a 25.5 percent increase in consolidated sales compared to the previous year.
Notable drop of 13.3 pct in industrial turnover in January
After a modest drop by 1.3 percent in December, the decline in Greece’s Turnover Index plummted by 13.3 percent in January, Hellenic Statistical Authority (ELSTAT) figures showed on Monday.
Some progress made as Greek programme review heads for break
Greece and its lenders concluded on Sunday the current phase of bailout discussions, which started in Athens on March 9, but with no agreement on the issues that are preventing a conclusion of the first review of the third programme.
Greek stocks fall 3.1 pct over week, volumes soar on Friday due to FTSE reclassification
After rising in the previous four weeks, the Greek stock market fell 3.1 percent this week. This mostly reflected a drop of 3.3 percent on Friday.
Athens and creditors edge closer on tax and pensions but gap remains on NPLs
Following Thursday’s meeting between Labour Minister Giorgos Katrougalos and mission chiefs, the former appeared optimistic that an agreement on pension reform could be clinched by Saturday.
Unemployment edges up to 24.4 pct in Q4 on seasonal drop in employment
After falling in the preceding two quarters, the Greek non-seasonally-adjusted unemployment rate edged up to 24.4 percent in the fourth quarter (Q4) of 2015 from 24 percent in Q3, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.
Greece and lenders hold inconclusive talks on tax and pensions
Following meetings between the Greek finance and labour ministers with the mission chiefs on Wednesday, it appears that most key issues remain unresolved, while notable gaps still exist between the two sides.
Greece and lenders seen making progress on privatisation fund but not on NPLs
Although considerable gaps still exist between the mission chiefs and the government on the key issues of fiscal and tax measures as well as pension reform, progress has been reportedly made on the new privatisation fund.
Primary cash surplus quadruples to 2.09 bln in first two months of 2016
Greece’s central government primary cash balance showed a 2.09 billion-euro surplus in the 2-month period of 2015, which is four times higher than last year’s figure of 503 million, Bank of Greece (BoG) figures displayed on Wednesday.
NBG records loss of 2.05 bln in Q4 on one-offs and jump in credit risk provisions
NBG concluded on Tuesday the release of Greek core banks’ fourth quarter (Q4) results, posting net losses of 2.05 billion euros from 401 million in Q3.