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Tag Archives: losses

Athens Stock Exchange losses amount €9.3bln since the start of Ukraine war

Since the beginning of the war, the Athens Stock Exchange has recorded losses of 13.43 percent since the beginning of the war in Ukraine. The market’s capitalization has fallen by 9.345 billion euros. The Large Cap index has fallen by 15.0% and the Mid Cap index by 8.6%. The heaviest …

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Greece draft budget: Economy to recover all of its 2020 losses in 2022 Q4

The Greek economy is expected to recover all losses suffered in 2020 in the fourth quarter of 2022, with the country’s real GDP surpassing the 2019 level by 1.7 pct at the end of 2022, according to the provisions of the draft budget plan tabled in Parliament on Monday. More …

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Investment spending in Greece fell 6.9% in 2020, to grow by 2.8% in 2021

Investment spending in the manufacturing sector fell 6.9% in 2020 compared with the previous year, the Foundation for Economic and Industrial Research (IOBE) said in a report on Monday. The survey on industrial investments in the period October-November 2020 showed that investment spending in the manufacturing sector is expected to …

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Greece’s power utility PPC records heavy losses, price hikes possible

Public Power Corporation (PPC), Greece’s main electricity utility, has recorded heavy losses last year and its own auditor warned about the firm’s sustainability. Experts say painful decisions may be required, including rate hikes and asset sales. PPC recorded after tax losses of 542 million euros (607 million U.S. dollars), according …

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Greece’s retail workers threatened with 35%-55% wages cuts

That’s a bad Halloween trick for the half a million Greek retail workers. As the collective bargain expired and the Troika forbids a new collective bargain, they are threatened with wages cuts reaching from -35% up to -55%. Employers will be glad to force their employees to sign individual employment …

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Greek Banks to Announce Results 2011 Friday after 05:30pm/1430GMT

 Greek banks will announce their losses for 2011 on Friday afternoon after the Athens Stock Exchange closes at 05:30 pm local time. According to Reuters, the results will not include the losses banks suffered Greek bond swap (PSI). The Blackrock report and results are still pending. Battered by a debt crisis and recession, Greece΄s …

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Athens Stock Exchange Below 650 Units; Strong Pressure on Banks

Athens Stock Exchange recorded significant losses on Thursday, with the stocks of the banking sector to be at the heart of liquidations. Particularly the shares of National Bank of Greece retreats in new lows of 1.43 euro and is down 2.53%. At noon, the General Index was down at 649.90 units, …

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