Finance

Piraeus Bank has forecast profits of roughly 900 million euros this year, rising to one billion euros next year

The rate of increase for food prices was up by 4.9% in April 2024, compared to 4.8% in the previous month

20.6 billion euros in related revenues topped the previous year’s figure by 16.5%

Additionally, the seasonally adjusted General Volume Index for Feb. 2024 experienced a 3.8% decrease compared to the previous month of the same year.

This makes NBG the first Greek bank to regain Investment grade status, nearly 15 years after the onset of the Greek financial crisis

Value Added Tax (VAT) revenues reached 5.876 billion euros, down by 16 million euros compared to the target.

Terna Energy reports greater installed power from its wind park network in the SE corner of Evia Island, the biggest such project in Greece

It noted they offered a good prospect for investors due to recent underperformance

Sources disclose that the petroleum companies holding the concessions are seeking partners to jointly invest and share the costs of exploration and drilling.

Following the strong performance in the first quarter, the company revised its annual passenger traffic forecast for 2024 to 29.9 million passengers, a 6.3% increase (or roughly 1.8 million passengers) from 2023 levels.

However, the report points to a persistent challenge in the form of commercial credit risk, which remains high at 8 out of 10, ranking Greece 104th internationally

Orthodox Holy Week begins on Monday, April 29, and ends on Sunday, Easter Sunday or Great and Holy Pascha (May 5),

While stores are expected to be open on Sunday, April 28, the majority of Easter shoppers will likely do their shopping during the Holy Week, following the deposit of Easter bonuses

In March 2024, the monthly net flow of credit to the general government was negative by 469 million euros

Europeche forecasts the production will bounce back despite a slight decrease in varieties attributed to high winter temperatures.

BSH says that while sales of household appliances fell 20% in Q1 of 2024, standalone dryer sales were 40% higher than last year

A deadline for the submission of expressions of interest is May 14, 2024.

The price of electricity and natural gas in Europe was down following a substantial surge that began before the Russian invasion of Ukraine and peaked in 2022.

President and CEO of Gek Terna George Peristeris explained the company's plans on Tuesday on the sidelines of the inauguration of sections of Greece's E65 highway

Eurostat data revealed a significant 10.8% drop in Greek public debt relative to GDP in 2023, alongside a 2% economic expansion, outpacing Germany's performance.