Economy
Lamda Development reports net profits of 42.3 mln in 2018
Property developer Lamda Development’s full-year results for 2018 show a net profit of 42.3 million euros, reversing losses of 43.7 million euros noted in 2017.
NBG reports full year net profits of 50 million euros from continued operations
National Bank of Greece (NBG) reported a net profit of 1 million euros from continued operations for the fourth quarter (Q4) of 2018, declining from profits of 9 million noted in the third quarter (Q3).
Government makes last-minute change to main homes bill in bid to satisfy creditors
MPs are due to approve on Friday the new framework for the protection of primary residences from foreclosure after the government made a last-minute change on Thursday, aiming to satisfy Greece’s lenders ahead of the April 5 Eurogroup.
February deposit movement negative by 789 mln
Net deposit movement in the Greek banking system was negative by 789 million euros in February compared to outflows of 1.55 billion in January, Bank of Greece (BoG) figures revealed on Thursday.
Credit contraction at 0.6 pct in Feb, balance at 169.85 bln
Credit contraction in the Greek market came to 0.6 percent in February, improving from a contraction of 1.1 percent in January, Bank of Greece (BoG) figures showed on Thursday.
Economic sentiment stays at 101.3 in March
Greece’s economic sentiment (ESI) remained unchanged month-on-month at 101.3 points in March, European Commission (EC) figures revealed on Thursday.
Talks on primary residences continue as bill proceeds through Parliament
The government’s draft law on the protection of primary residences is on the way to be adopted by Parliament but negotiations between Athens and the institutions regarding the details of the new scheme are continuing.
OPAP full-year results for 2018 show net profit rise of 13.7 pct on VLT revenues
The full-year financial results of the Greek Organisation of Football Prognostics (OPAP), Greece’s leading game operator and Europe’s fourth-biggest betting firm show that gross gaming revenues grew by 6.3 percent in 2018 compared to 2017.
Mytilineos Group's turnover unchanged in 2018, net profits decline 8.7 pct
The full-year 2017 financial report from the industrial conglomerate Mytilineos Group has highlighted that turnover remained largely unchanged year-on-year (YoY) 1.53 billion euros.
Main residence draft law shows signs of compromise in several areas
After weeks of back-and-forth with the institutions, the Greek government submitted to Parliament late on Tuesday the main part of the draft legislation relating to primary residences.