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Showing posts from August, 2021

Skylakakis – The pandemic has cost Greece 40 billion euros

The Deputy Minister of Finance, Theodoros Skylakakis, spoke about the impact of the climate crisis and the pandemic on the economy, as well as the support for the residents of Northern Evia. “Some indicators we have from the turnover and the industrial production, and exports, are positive. For the third quarter, tourism has gone better than we expected. We are better than expected and I believe that then the investment wave that has begun will carry the economy in the near future,” said Mr. Skylakakis.  “The main burden of the climate crisis, of which I believe this year’s fires were a part, will require serious investment in prevention. Some funds are fully foreseen, such as for Civil Protection. Others will need to be reallocated from the Recovery Fund. Therefore, I believe that these needs can be met. ” As Mr. Skylakakis said, the pandemic has cost our country 40 billion euros, while for the issues of fires an extraordinary budget of 500 million euros was earmarked. There is no d

OTE Group – 8% increase in consolidated revenues during Q2

  According to the announcement of financial results, the OTE Group recorded pre-tax profits of 146.4 million euros in the second quarter of 2021, increased by 67.5% compared to the corresponding period of 2020, mainly due to the higher profitability in the quarter. . In Greece, revenues continued to increase for the third consecutive quarter, by 9.6%, to 758.7 million euros while the adjusted profitability EBITDA (AL) increased by 6.5%, to 303.7 million euros with adjusted EBITDA margin (AL) to 40.0%. Revenues from fixed services increased by 2.0%, supported by the continuing positive trend of revenues from broadband services. Revenues from wholesale services increased by 6.1% in the quarter. On mobile, service revenue returned to a growth trajectory of 7.4% as the negative effects of the pandemic began to subside with the gradual lifting of restrictions by mid-May. Revenues from both prepaid and contract services increased on an annual basis, while roaming revenues beg