MacroPolis

Government opts for modest tax relief, but who will benefit?

By: Georgia Nakou

The government tabled its much-anticipated tax relief package in Parliament on Tuesday night, making good on some of its pre-election pledges.

Motor Oil Hellas net profits drop by 20.8 pct in 9M

Motor Oil Hellas’ financial results for the first nine months (9M) of 2018 show that group revenues increased by 1.3 percent compared to the same time last year.

Focus shifts to DSA, fiscal targets after IMF loan prepayment

The Greek Finance Ministry announced on Monday that the process of prepaying some of the outstanding obligations to the IMF has been completed after Athens paid ahead of time 2.7 billion euros.

ATHEX net profits jump to 5.9 mln in 9M

Athens Stock Exchange’s (ATHEX) nine month (9M) results showed that group turnover rose by 28.7 percent year-on-year (YoY) to 24.6 million.

October budget primary surplus confirmed at 5.74 bln

The budget primary balance recorded a surplus of 5.74 billion euros in the first 10 months of 2019, compared to a surplus of 3.81 billion noted in October 2018, the final Finance Ministry (MoF) budget execution bulletin confirmed on Monday.

Piraeus Bank posts net profit of 44 mln in Q3 from continued operations

Piraeus Bank’s third quarter (Q3) results revealed net results from continued operations showing a profit of 44 million euros compared to a net profit of 20 million in Q2 2019

Budget for 2020 eyes faster growth while balancing tax cuts with more revenues

Following the nod of approval from the European Commission (EC) earlier in the week, the Finance Ministry tabled on Thursday the final budget to Parliament, essentially unchanged from the draft version of early October.

Eurobank net profits at 56.3 mln in Q3 from continued operations

Eurobank recorded net profits of 56.3 million euros in the third quarter (Q3) of 2019, picking up strongly from profits of 9 million noted in Q2.

NBG reports net profits of 171 mln in Q3, NPE’s fall on loan sales

National Bank of Greece (NBG) reported a net profit of 171 million euros from continued operations in the third quarter (Q3) of 2019, compared to 122 million euros in Q2.

Aegean Airlines’ 9M results show 5 pct drop in net profits

Aegean Airlines’ nine-month (9M) results for 2019 showed that revenues rose by 10 percent compared to the same time last year, while net profits for the period fell by 5 percent.