Industrial turnover remains on growth path with 6.1 pct rise in Aug
Primary cash surplus at 1.75 bln as expenditure rises in Sept
Revised GDP data shows recession for 2016, higher growth in 2014
Budget primary surplus at 4.5 bln in 9-month, below target on lower revenues, higher tax refunds
Eurosystem funding falls by 3.58 bln in September
New overdue tax obligations at 1.07 bln in August, total at 98.23 bln
Collapse of DESFA tender adds to Greece’s privatisation challenges
The Energy Ministry confirmed via a press release issued on Wednesday afternoon that the privatisation process of the Hellenic Gas Transmission System Operator (DESFA) has been cancelled after the preferred bidder, the Azeri SOCAR, did not extend its letter of guarantee.
However, due the European Commission’s competition rules, SOCAR’s stake could not exceed the 50 percent threshold. Therefore, a 17 percent stake was later decided to be transferred to the Italian grid operator Snam.
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