Travel balance rises by 73.5 pct in Nov, 9.7 pct in aggregate period
December hirings balance positive by 5,970 with annual balance for 2018 up by 141,003 places
November current account deficit at 1.41 bln as import value outstrips exports
Industrial turnover rises by 7 pct in November
Primary cash surplus at 16.19 bln in 2018, 3.18 bln spent on reducing arrears
Building permits rise by 23.8 pct in Oct, up by 10.9 pct in first 10 months
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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