BUSINESS Economy consumers_sales_web

Consumers revert to pessimism

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.

BUSINESS Energy desfa_web--2

Snam-led consortium wins DESFA tender

CHRYSSA LIAGGOU

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).

BUSINESS Economy industry_web

PwC study: Greece needs investment boost

VANGELIS MANDRAVELIS

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).

BUSINESS Stocks stocks_traders_web

ATHEX: Benchmark keeps rising

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.

BUSINESS Energy energean-thumb-large

Energean to boost East Med output

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. 

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IN IMAGES

Migrants protest conditions at Lesvos camps

lesvos_migrant_protest

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]