OTE

OTE Group announced Thursday that second-quarter consolidated revenue rose 1.1% year-on-year, to €854.1 million.

But adjusted operating profit (after leases) fell 1.8% in the same period, to €326.8 million, with the strong results increase offset by negative ones in Romania. Q1 adjusted operating profit dropped 1.4%, to €648.8 million.

Electrical goods retailer Kotsovolos is up for sale by British group Currys and is seeing the number of potential suitors growing by the week.

Interested parties should express their interest by early August, so they can gain more information on the British-owned chain in late September. Currys is said to be hoping for a conclusion by the end of the year.

EFKA, the country's main pension fund, is proceeding with the utilization of an important asset, the building at 16 Praxitelous Street, very close to Klafthmonos Square in central Athens.

After five years and two governments, the contract for the development of optical fiber to the home (FTTH) in semi-urban and rural areas of the country has finally been signed.

OTE Group, the country's biggest telecoms operator, reported a 4.6% rise in first-quarter net profit thanks to cost containment and its growing Greek mobile business.

Net profit came in at 135.3 million euros, up from 129.4 million euros in the first quarter last year.

On November 14, 2018, a woman called Merce Puig Ribot walked into a police station in the small town of Puigcerda in Catalonia, Spain, to complain that she had been defrauded of more than half a million euros by a company masquerading as a stock market investment intermediary.

BELGRADE - Telekom Srbija CEO Vladimir Lucic says a recent agreement on business and technical cooperation between Microsoft and Telekom Srbija's TS Ventures Fund will help to multiply the value of Serbian IT sector exports.

The agreement was signed on March 27.

The Goldman Sachs comment on Wednesday afternoon that the Greek economy will stay strong despite any political turmoil, and even regain investment grade in three weeks' time, helped the Greek stock market secure gains on Wednesday, even if it had struggled to keep pace with the rest of its eurozone peers. Moody's positive outlook of the local credit sector also helped.

The Greek stock market opened the week with a 2.1% decline in Monday's first few minutes, as a result of the shocking news of Credit Suisse's demise and takeover by fellow Swiss lender UBS, but stocks gradually began to recover and swung back into the black as the session progressed to close with moderate gains in their majority.

OTE Group on Monday announced a windfall financial support package worth 6.2 million euros for its workers, in an effort to provide some relief against a backdrop of current economic and geopolitical tensions that have hit consumers' available income.

In an announcement, OTE said the support would help mostly low-income workers, offering net financial support of up to €1,000.