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Greek funding needs add to pressure in talks between Athens and lenders
EconomyProgrammeimminently. Privatisation revenues, which do not have a direct impact on the fiscal position... euros in 2015 and up to 3.4 billion in 2016. The previous government had suggested privatisation... by the current government, it is doubtful the privatisation targets could be achieved. Finance Minister Yanis
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Suspension of Eldorado's mine work deals blow to coalition's investment drive
Economythe acceleration of the privatisation programme. Recent activity On December 14, the Hellenic Republic Asset..., the government also reached an agreement with the institutions on the privatisation of the electricity... of privatisation projects until the end of June. The proceeds from these are seen at 3 billion euros
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Range of issues unresolved as programme talks resume in Athens
EconomyProgramme) market and creation of the new privatisation fund. Greece has accepted a fiscal gap of 3 percent of GDP...-residence backed mortgages. Privatisation Fund The creation of the new privatisation fund appears
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PPC general meeting approves unbundling of ADMIE
EconomyMacroeconomyTsakalotos on January 11, stressing that the privatisation procedure for ADMIE strongly affects PPC’s... of ADMIE’s privatisation process. As a result, the four banks sent a new letter to Tsakalotos... company. The privatisation process of ADMIE also includes the sale of a 24 percent to a strategic
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Newsletter 103 - 20/01/2017
that the privatisation procedure for ADMIE strongly affects PPC’s financial position since it entails... on the syndicated loan as well as to ensure the timely completion of the ADMIE privatisation process... was the sole bidder during the last stage of TrainOSE’s privatisation and was declared the preferred bidder
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Institutions back in Athens to resume review, agree new measures
EconomyProgrammescheduled for Tuesday and discussions will focus on the new privatisation and investment fund (10.30 am... of 24 percent by 1 percentage point. On the issue of the new privatisation and investment fund (HCAP... their tenure is four years. The key privatisation deliverables of the second programme review also include
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Budget primary surplus of 1.1 billion slightly outperforms target by 77 million in Q1
EconomyMacroeconomymostly due to privatisation revenues of 1.23 billion from the concession of regional airports which... of the mentioned privatisation recipt of 1.23 billion. The monthly primary balance showed a deficit... by 863 million as the gross revenue outperformance was more than offset by lower privatisation
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Athens and creditors get down to details in final stretch of review
EconomyProgrammethe two 2-hour meetings that focused on energy and the new privatisation and investment fund (HCAP... that only small differences remain and that they would be resolved by Friday. On the privatisation front...) that will be excluded from the privatisation plans and the control of SOEs that are under the umbrella of HCAP. Also
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Budget primary surplus hits 1.74 bln in 4-month, beating target on strong underspend
EconomyMacroeconomyprivatisation revenues and higher tax refunds meant that net revenues fell short of their target..., which is due on May 24. At the same time, privatisation proceeds stood at 956 million..., the gross revenue overperformance was more than offset by the lower than expected privatisation revenues
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Budget primary surplus of 1.73 bln outperforms target, tax revenues fall short in April
EconomyMacroeconomymillion, but lower privatisation revenues and higher tax refunds led to net revenues falling short... percent. Meanwhile, privatisation proceeds stood at 956 million from just 52 million a year ago... by the lower than expected privatisation revenues and the higher tax refunds. As a result, although net
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