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Growth of industrial production slows to 2.6 pct YoY in Nov
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Trade deficit narrows by 15.1 pct YoY in Nov
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Economic sentiment rises in Dec despite sharp drop in retail trade
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Households drive Nov deposits rise as total reaches 207 bln
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Credit expansion still solid in Nov as it rises by 7.2 pct YoY
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Unemployment rate falls to 8.2 pct in Nov, lowest since 2008
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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