ECONOMY

In Brief

Emporiki Bank breaks into the black in Q2 Emporiki Bank yesterday reported a net group profit of 46 million euros ($55 million) versus a 9.8-million loss in the same period last year. Financial results, reported under international accounting standards (IFRS), were in line with analyst estimates. Analysts were expecting net earnings would range between 43 and 46 million euros. The bank said net interest income during the period grew 8.5 percent to 307 million euros, with net interest margin (NIM) reported at 3.24 percent. (Reuters) Olympus milk Food safety watchdog EFET has instructed Delta group, Greece’s largest dairy industry, to withdraw the indication «authentic Olympus» and «unique traditional milk» from a recently launched brand, designed to undercut the market’s top seller, Olympus, which filed an injunction. Bulgarian GDP Bulgaria’s gross domestic product (GDP) rose by a healthy 6.4 percent in real terms in the second quarter of 2005, versus 6.0 percent in the first three months, the statistics office said yesterday. The Balkan state’s economy expanded by 6.2 percent in the first half of the year, compared to 5 percent growth a year earlier, the office said. The new Socialist-led government has forecast 5.2 percent growth for all of 2005, after last year’s 5.6 percent. (Reuters)