Generally Accepted Accounting Principles

Diagnostic and Therapeutic Center of Athens Hygeia SA announced on Tuesday that its first-half turnover came to 116.7 million euros, up 1.9 percent from the same period last year.

The assets managed by resident and non-resident investment funds operating in Bulgaria totalled BGN 2.22 B as of end-December 2015, increasing by 13.2% year-on-year, the Bulgarian National Bank (BNB) announced on Friday.

Greece's dominant power utility PPC on Thursday reported a 29.7 percent rise in third-quarter core profit, helped by lower provisions for past due electricity bills and softer energy costs.

Greece’s biggest oil refiner Hellenic Petroleum said on Monday its third-quarter core profit almost doubled year-on-year, helped by improved refining margins and production.

Adjusted earnings before interest, tax, depreciation and amortization (EBITDA), which strips out inventory losses, rose to 146 million euros from 74 million euros in the same period last year.

By Yiannis Papadoyiannis

An amendment tabled on Wednesday in the Greek Parliament will likely offer local banks a safety cushion of 3 billion euros, thanks to the authorities’ acknowledgement of deferred tax assets in a clause that also concerns leasing and factoring companies.

The Athens Water Supply and Sewerage Company’s (EYDAP) first-half net income fell to 15.6 million euros from 33.9 million in the same period of 2013, according to its financial statement published on Friday.

The Greek stock exchange’s general index gave up 0.85 percent on Thursday, falling to 1,167.51 points, as European bourses also headed south on worries of an escalation in the conflict in Ukraine.

Coca-Cola HBC AG, the second-largest bottler of Coca-Cola Company brands, on Thursday reported a net profit slide of 11 percent in the six-month period ending June 27.

Income fell to 99 million euros from 111 million a year earlier. Net sales revenue declined 6 percent to 3.183 million from 3.381 million in the same period.

Turkey’s largest telecom company Türk Telekom has almost doubled its net profit in the second quarter with a remarkable rise in financing income, stemmed from the Turkish Lira’s value increase against foreign currencies during the period.

By Stathis Kousounis

Foreign funds are increasingly eager to enter the Greek tourism business market, having already proceeded with the acquisition of hotel units and with more expected to follow.