Economy
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.
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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.
Terna Energy posts significant profit increase for 2015
The renewable energy company Terna Energy has released its financial results for 2015, showing a 25.5 percent increase in consolidated sales compared to the previous year.
Notable drop of 13.3 pct in industrial turnover in January
After a modest drop by 1.3 percent in December, the decline in Greece’s Turnover Index plummted by 13.3 percent in January, Hellenic Statistical Authority (ELSTAT) figures showed on Monday.
Some progress made as Greek programme review heads for break
Greece and its lenders concluded on Sunday the current phase of bailout discussions, which started in Athens on March 9, but with no agreement on the issues that are preventing a conclusion of the first review of the third programme.
Greek stocks fall 3.1 pct over week, volumes soar on Friday due to FTSE reclassification
After rising in the previous four weeks, the Greek stock market fell 3.1 percent this week. This mostly reflected a drop of 3.3 percent on Friday.