Fundamental analysis
Criteria for automatic debt settlement scheme
Businesses with debts of between 20,000 and 50,000 euros will need to neet all three criteria set for their inclusion in the automatic extrajudicial debt settlement mechanism, according to a joint decision issued by the ministers of finance and labor, which has been sent to the country's creditors for approval.
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OTE Telecom posts 1 pct rise in Q2 core profit
Greece's biggest telecoms operator OTE posted on Thursday a 1 percent rise in second-quarter core profit, helped by growing mobile business at home for the first quarter in five years.
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PPC sees core profit in 2017 around 700 mln
Public Power Corporation (PPC), Greece's dominant power utility, sees core profit of around 700 million euros this year, down from about 1 billion euros in 2016, its chairman said on Friday.
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OTE first-quarter core profit drops 1.7 pct
Greece's biggest telecoms operator OTE posted on Thursday a 1.7 percent drop in first-quarter core profit, hurt by tough conditions in crisis-hit Greece and Romania.
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OPAP's core earnings drop in fourth quarter
Greece's OPAP, Europe's fourth-biggest betting firm, on Wednesday posted a 19.2 percent drop in fourth-quarter core profit, hurt by an austerity tax.
OPAP, which was fully privatized in 2013, currently offers sports betting and lotteries through a network of about 5,750 outlets in Greece and Cyprus.
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ΟΤΕ fourth quarter core profit falls 1.4 percent
Greece's biggest telecoms operator OTE posted on Thursday a 1.4 percent drop in fourth-quarter core profit, hurt by tough conditions in Greece and Romania.
OTE, the former national monopoly now 40 percent owned and managed by Germany's Deutsche Telekom, has lost market share to smaller rivals in recent years, while Greek tax increases have also hit profits.
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Hellenic Petroleum posts strong Q4 results
Greece's biggest oil refiner Hellenic Petroleum reported a 17 percent rise in fourth-quarter core profit on Thursday, helped by strong refining margins and exports.
Core profit, or underlying earnings before interest, tax, depreciation and amortization (EBITDA) - stripping out oil inventory holdings - came in at 215 million euros, up from 184 million euros in 2015.
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Belgian Spadel Group Takes Over Devin
The American Investment Fund Advent International is selling its share of 93.29% in the venture for the bottling of mineral water and manufacturing of soft drinks Devin.
The buyer is the family company Spadel Group based in Belgium, reported Kapital Daily.
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Slovenia is not only "green", it is also a place of excellence
From 2009-2015, SIJ Group has significantly raised its global market share in Europe, the U.S. and Asia, selling more than EUR 570m of product in foreign markets, accounting for more than 85 percent of the group´s total revenue. SIJ's Chairman, Mr Anton Chernykh, explains that the secret lies in tradition, smart investment strategy and know-how.
Hellenic Petroleum sees sales volume grow
Greece's biggest oil refiner Hellenic Petroleum on Thursday reported a 20 percent rise from a year earlier in its sales volume, which came in at 4.34 million metric tons.
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