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OECD ups growth outlook for 2023, warns about headwinds affecting demand and consumption
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Trade deficit narrows in April, though exports drop by 4.3 pct
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Annual GDP growth slows in Q1, contracts by 0.1 pct QoQ
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Unemployment stays at 11.2 pct in Apr, youth jobless down by 5 points at 27.4 pct
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Manufacturing grows in May, but at slowest pace in last four months
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March sees first retail sales fall for two years, volumes show consumption diving
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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