Economy
Terna Energy net profits increase by 26.9 pct in 2018
The full-year results for 2018 of renewable energy company Terna Energy revealed that sales rose by 5.6 percent year-on-year (YoY) and came to 292 million.
Primary residence talks continue amid uncertainty about draft legislation
The Greek government remained in discussions with the institutions on Thursday over the details of the primary residence framework amid concerns that Athens is set to act unilaterally and table the draft legislation without having found any common ground with the lenders.
January current account deficit at 1.18 bln as underlying components deteriorate
Greece’s current account (C/A) balance recorded a deficit of 1.18 billion in January, deepening from December’s deficit of 1.51 billion, Bank of Greece (BoG) figures showed on Thursday.
BoG data shows that overseas property investment revenue accelerated in 2018
Property investments from overseas parties have picked up in recent years in Greece, as illustrated by figures from the Bank of Greece (BoG) which showed that 1.35 billion euros worth of foreign property investments were made in Greece in 2018.
Athens set to press ahead with primary residence law despite differences with lenders
The Greek government appears set to table in Parliament on Friday the draft law for the new framework governing the protection of primary residences from foreclosure without necessarily first reaching an agreement with the institutions.
Fourlis Group reports net profit increase of 42.4 pct in 2018
Fourlis Group has reported an increase in sales of 3.3 percent year-on-year (YoY) in 2018 compared to 2017.
Industrial turnover down by 7.6 pct in January
Greece’s industrial turnover fell by 7.6 percent year-on-year (YoY) in January, deepening from a fall of 0.9 percent seen in December, Hellenic Statistical Authority (ELSTAT) data published on Wednesday showed.
EastMed pipeline close to high-level agreement, but still a long way from becoming reality
By:
The EastMed pipeline project is approaching another milestone, with a summit due to take place between Israel, Cyprus and Greece in Jerusalem on March 20.
ADMIE Holdings income rises to 42.4 mln, affiliate profits grow to 85.6 mln in 2018
ADMIE Holding SA’s 2018 financial results have shown that total income from its affiliate the Independent Power Transmission Operator (IPTO SA) rose by 76.3 percent to 42.4 million. Net profits came to 42.3 million euros in 2018 compared to 23 million euros in 2017.
Motor Oil Hellas turnover rises but net profits decline by 18.3 pct in 2018
Motor Oil Hellas’ full year financial results for 2018 show that turnover increased by 21 percent compared to 2017.