Economy
Tourism growth provides lift to Aegean’s 2015 results
Greece’s bumper tourism year in 2015 appears to have given a boost to Greece’s largest airline, Aegean, which reported an 8 percent increase in consolidated revenue in 2015 compared to 2014 in its annual financial results for 2015.
Marfin Investment Group returns to profit in 2015
Marfin Investment Group (MIG) has released its 2015 annual results showing that for the first time since 2009, the group reported profits at the level of consolidated EBIT: 42.7 million euros compared to a loss of 17.8 million in 2014.
Revenues of 1 pct of GDP targeted from changes to income tax and solidarity levy
The government and the institutions have broadly agreed that circa 1 percentage of the anticipated fiscal gap of around 3 percent of GDP by 2018 would be covered by the overhaul of the tax system.
Sub-Saharan growth drives Metka Group’s 2015 results
Engineering group Metka, which specialises in large-scale projects in energy, infrastructure and defence sectors has posted strong growth for the year 2015 according to its annual financial report.
Mytilineos Group posts steady 2015 growth across sectors
The industrial conglomerate Mytilineos Group has released its 2015 annual financial results which show that the group maintained a steady rate of growth and continued to consolidate its position in all three of its business activity areas, namely the EPC projects sector, metallurgy and mining and energy through its various subsidiary companies.
This is how things stand as bailout talks head for a brief pause
The Greek government and the institutions seem to have reached a consensus on a fiscal gap in the region of 3 percent of GDP for Greece to meet the primary surplus target of 3.5 percent of GDP in 2018. There is also convergence on the type of fiscal interventions required to achieve this target, broadly stemming from pension reform, tax overhaul and a combination of other measures, each fetching 1 percent of GDP.
Travel receipts fall 4.7 pct in Jan but surplus rises to 32.1 mln
Greece's travel receipts dropped by 4.7 percent in January after rising by 12.2 pct in December, Bank of Greece (BoG) figures showed on Wednesday.
Jan-Feb budget primary surplus soars to 3.04 bln, aided by underspend and PIB revenues
Greece’s budget primary surplus for the first two months of 2016 was confirmed at 3.04 billion euros from 1.24 billion last year, according to Wednesday’s Finance Ministry (MoF) final budget bulletin displayed.
Greece’s dramatic year reflected in ATHEX 2015 results
The Board of Directors of Hellenic Exchanges-Athens Stock Exchange (ATHEX) released its annual financial results for 2015 on March 21, 2016, showing that the consolidated net after tax profits of group amounted to 9 million euros compared to21 million in 2014, a reduction of 57 percent.
Current account deficit jumps to 742 mln in January
Greece's current account (C/A) deficit soared 2.6 times to 742.4 million euros in January from 281.3 million a year ago, Bank of Greece (BoG) figures displayed on Tuesday.