Coca-Cola Hellenic (CCH), the world's second-largest bottler of Coca-Cola soft drinks, posted a 27 percent drop in 2011 net profit, hit by austerity in Greece and Italy and higher commodity costs
15 Feb 2012
Coca-Cola Hellenic (CCH), the world's second-largest bottler of Coca-Cola soft drinks, posted a 27 percent drop in 2011 net profit, hit by austerity in Greece and Italy and higher commodity costs.
"In 2012, we anticipate further input cost pressures and slowdown in eurozone growth, leading to uncertainty and volatility in most of our EU markets," CCH said on Wednesday, adding it would continue to cut costs.
Bank stocks tumbled over 11 percent on Wednesday on concerns they will need more funds than previously expected to replenish their capital base after a debt swap plan is implemented
Rampant over-taxation and failed recessionary measures are "murdering the market" and throwing Greek society into a Third World environment, says retailer leader
The Athens Stock Exchange ended the week on a high note, amid growing optimism that weeks of deadlock in talks between Greece and rescue creditors has finally been broken
FIGHTING a lonely battle in hostile territory, Greek-born MEP Jorgo Chatzimarkakis is striving to defend his native land from the vilification of the German media.
It’s up to every Greek to draw inspiration from the country’s inherent virtues to help reverse the negative image of Greece abroad, argues ad expert Peter Economides
The country accepted an additional 187.5m euros of second-day, non-competitive bids for its February 7 six-month T-bill sale, its debt agency PDMA said on Thursday
Stocks continued moving significantly higher at the Athens Stock Exchange (ASE) on Tuesday, as the market discounted a positive outcome in negotiations with the troika over a new lending agreement for Greece
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