Economy
PPC posts pre-tax loss of 274.8 mln in H1
The Public Power Corporation’s (PPC) results for the first half (H1) of the year showed that turnover from continued operations increased by 4.3 percent during the first six months of the year.
Fiscal issues dominate talks as fourth post-programme review ensues
The first round of discussions between the Greek authorities and the institutions was held on Monday and appears to have yielded the first areas of common ground, and revealed areas that have some way to go still.
Calls for measures to lessen impact of Thomas Cook collapse in Greece
The collapse of British travel firm Thomas Cook on Monday left around 50,000 tourists stranded in Greece, mainly on the country’s islands.
Travel balance up by 9.6 pct in July, German visitors continue to fall
Greece’s travel balance rose to 3.40 billion euros in July from 3.10 billion a year ago, Bank of Greece (BoG) data has shown. This equates to an increase of 9.6 percent year-on-year (YoY).
Government looks to review visit for nod on tax package
The scheduled visit by the institutions for the fourth post-MoU review will wrap up on Wednesday after three days of meetings between finance ministry officials and the heads of the institutions.
Current account balance shows surplus of 1.28 bln in July
Greece’s current account (C/A) balance came to a surplus of 1.28 billion in July, improving from a surplus of 874.4 million euros in June, according to Bank of Greece (BoG) figures released on Friday.
Industrial turnover rises by 4.3 pct in July
Greece’s industrial turnover increased by 4.3 percent year-on-year (YoY) in July following an upward revised drop of 7.7 percent in June, Hellenic Statistical Authority (ELSTAT) data published on Thursday showed.
OTE completes bookbuilding for bond with historically low coupon
The Hellenic Telecommunications Organization S.A. (OTE) announced on Wednesday that is had concluded the bookbuilding process for the issuance of a 500 million euro 7-year bond in international debt capital markets.
New twist in Hellinikon saga as Lamda goes it alone
Developments in Greece’s marquee privatization project at Athens’s former airport took an unexpected turn on Wednesday when it was announced that the foreign investors participating in the consortium formed to acquire the property have withdrawn.
Athens submits APS plan aiming to remove up to 30 bln of NPLs from bank balance sheets
The Greek government appears to have submitted to the European Commission its final proposal for an Asset Purchase Scheme (APS), which it hopes will help local banks substantially reduce their stock of non-performing loans.