Greece achieved a primary surplus that exceeded 3.5 percent of gross domestic product last year, outperforming a target outlined under a financial adjustment programme for a third consecutive year, a government official told Reuters on Friday.
The improvement in consumer confidence in Greece in the last quarter of 2017 proved temporary, as optimism late last year gave way to pessimism in the first quarter of 2018, according to GfK’s quarterly survey.
State sell-off fund TAIPED on Thursday opened the way for the consortium of Italy’s Snam, Spain’s Enagas and Belgium’s Fluxys to acquire 66 percent of Greece’s gas grid operator DESFA, thereby strengthening the southern Europe energy axis built around the Trans Adriatic Pipeline (TAP).
French-headquartered homeware and DIY chain Leroy Merlin is opening a new store near the US Embassy on Vassilissis Sofias Avenue in central Athens on Friday, hoping to balance its financial figures in Greece in 2018 after several loss-making years.
An additional 22 billion euros per year will be required for the next five years for the country to achieve a healthy growth trajectory, according to a study presented on Thursday by PricewaterhouseCoopers (PwC), echoing a similar report by the Hellenic Federation of Enterprises (SEV).
The main index of the Greek stock market took its rising streak to six sessions after Thursday’s ascent, bringing its total gains over that period to 6.18 percent, while the banks sector has increased almost 18 percent.
Freshly London-listed Energean Oil & Gas is boosting its Greek output and expects first gas from its Israeli fields in the first quarter of 2021, making it one of the biggest independent energy firms operating in the Eastern Mediterranean.
A municipal worker in Mytilene, the main port of Lesvos, hoses down a central square on Thursday. Migrants have been gathering in the square since Tuesday to protest overcrowding at state-run reception centers and demanding to be allowed to leave the island. A Council of State decision this week lifts a ban restricting migrants to the islands while they await the outcome of their asylum applications, but it only applies for new arrivals, not the thousands of migrants currently cooped up in the camps. [Eurokinissi]