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Hellenic Post pays 22.5 million euros to PPC

Relations between Hellenic Post and Public Power Corporation are returning to normal after Hellenic Post on Monday paid 22.5 million euros to PPC, repaying part of the owed sum from electricity bills paid by PPC’s consumers through Hellenic Post’s network.This sum came, according to well-informed sources, from part of the state arrears...
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National Bank to launch online property auction platform next month

National Bank of Greece (NBG) is set to launch next month its own online platform to auction off property, following in the steps of the country’s largest lender, Piraeus Bank, said George Frangou, head of group real estate at NBG, on Tuesday.Last year, Piraeus Bank was the first lender in the country to launch its own online property...
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PPC says negotiations on debt refinancing progressing well

Public Power Corporation (PPC) on Monday said negotiations – currently underway – for the refinancing of loans worth 1.3 billion euros are making good progress.In an announcement issued in response to recent press reports, PPC said that following completion of a business and strategic plan in the next few days, it will inform investors...
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Folli Follie appoints E&Y for audit control of 2017 results

Folli Follie appointed Ernst & Young for an audit control of its consolidated financial results in 2017. In an announcement, Folli Follie said that Fosun International Holdings Ltd owned indirectly a 15.07 pct of voting rights in the company, while Guo Guangchang has a 64.44 pct of voting rights and controls Fosun International Holdings Ltd.Fo...
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Greek unemployment rate at 20.8 pct in February

Greece’s unemployment rate fell to 20.8 pct of the workforce in February, from 22.6 pct in February 2017, but rose slightly from 20.7 pct in January 2018, Hellenic Statistical Authority said on Thursday.The statistics service, in a monthly report, said that the number of unemployed people totaled 978,072 in February, down 102,296 from...
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FF Group announcement offers additional financial data

Folli Follie Group on Thursday said that its debt increased by 178 million euros in 2017 due to the issue of a bond loan worth 150 million Swiss francs and by 50 million euros as a result of a syndicated loan with foreign credit institutions.In an announcement, the company said that this amount was mainly used to strengthen the company’s...
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Coca-Cola HBC says revenue up 4.5 pct in Q1

Coca-Cola HBC on Thursday reported a solid performance in the start of the year, with a 4.5 pct increase in net revenue – on a neutral foreign exchange basis – through a balance of volume growth and price/mix improvements in the first quarter of 2018.In an announcement, Coca-Cola HBC said volumes increased by 2.3 pct in the first...
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