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  1. Newsletter 121 - 02/06/2017

    Newsletters

    International Airport SA offer to extend 20-year concession Greece’s economic sentiment (ESI) fell... Commission (EC) figures showed. The ESI settled at 93.2 in May, which is the lowest reading since February... is almost attributed to corporate sector net additions of 763 million outpacing household lending deductions

    33%

  2. Industrial turnover records five months of contraction after 6.2 pct drop in Aug
    Photo by MacroPolis

    EconomyMacroeconomy

    months, to -1.3 pints after a rise of 2.6 points in the previous month. Since October last year, industry confidence has risen by 4 points. Overall, economic sentiment (ESI) recorded a drop of almost 3

    31%

  3. Sub-tranche, 2017 fiscal performance ticked off on first day of review talks
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    the target will be beaten and how much of the excess surplus the coalition will be able... the liberalisation of the natural gas market and the future position of state-owned DEPA. The sale

    27%

  4. Airport privatisation set for take-off as more sales head for runway
    Photo by MacroPolis

    EconomyFeatures

    (DEPA) is also pending. Deputy Energy Minister Gerasimos Thomas estimated this week that the tenders for the sale of DEPA’s retail and networks subsidiaries will take place in early 2020. DEPA Infrastructure will include EDA Attica, DEDA and DEPA’s shares in EDA Thess as well as international projects

    21%

  5. Budget deficit of 6.38 bln in Aug confirmed; target beaten due to one offs
    Finance Ministry

    EconomyMacroeconomy

    The budget primary balance was confirmed at a deficit of 6.38 billion euros in the first eight months of 2021, compared with a deficit of 5.48 billion in the same period last year, the final Finance Ministry (MoF) budget execution data showed on Monday....

    19%

  6. VAT and income taxes buoy revenue performance as primary surplus target is beaten in Sep
    Finance Ministry

    EconomyMacroeconomy

    The budget primary balance in September was confirmed at a surplus of almost 6 billion euros, compared to a surplus of 52 million euros in the same month of 2022, according to the final Finance Ministry (MoF) budget execution data released on Wednesday....

    17%

  7. Creating a competitive natural gas market: Legal aspects and investment opportunities
    Photo via Flickr https://flic.kr/p/faksxt

    Legal

    Gas Provider Company (DEPA). Further, the third revision of the Code of Management of the National... (no. 631/2016) requires the increase of gas quantities available in DEPA’s electronic auctions. The Competition Commission accepted DEPA’s proposal, whereby new tender quantities will gradually have

    15%

  8. Privatisation projects gather pace as Athens targets 2 bln in revenue for 2018

    EconomyProgramme

    are expected to bring in over 2 billion euros over the next few years. DEPA In early June, Energy... over the method that will be followed to privatise gas firm DEPA. The proposal was to split DEPA into two entities, one commercial and one for infrastructure. In mid-June, DEPA began the process

    15%

  9. Privatisation revenues edge upward as end-of-year deadline looms
    Photo by Giannis Papanikos/Fosphotos

    EconomyFeatures

    Corporation of Greece (DEPA) privatisation appears to be costing money as well as blocking income for state... and the institutions have reached an agreement over the method that will be followed to privatise DEPA, involving splitting it into two entities, one commercial and one for infrastructure. DEPA’s privatisation

    15%

  10. Why tax evasion threatens to become endemic due to how Cyprus was bailed out
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Agora

    to personal income statements; yet this needs to be stepped up and integrated with in situ raids

    15%