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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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IMF examines where programme went wrong, what lessons were learnt
EconomyProgrammeof GDP by 2020 was to be achieved by an ambitious fiscal adjustment coupled with a large privatisation.... In addition, privatisation proceeds were projected at 46 billion euros during 2012–20 and were... percent of GDP) but fell short of the program objective (7 percent of GDP). Privatisation proceeds were
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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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Aided by underspend, budget primary surplus reaches 1.84 bln in 5-month, 792 mln above target
EconomyMacroeconomyfor gross revenues (revenues before tax refunds) by 1.76 billion, mitigated by lower privatisation... due on June 26. Meanwhile, privatisation proceeds stood at 963 million in the 5-month period from... as the outperformance of gross revenues was fully offset by higher tax refunds and lower privatisation
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European Commission's DSA reveals serious concerns over debt sustainability, need for relief
EconomyProgrammeassumes a substantially lower primary surplus of 1.5 percent from 2018 onwards. Privatisation proceeds... assumed additional bank recapitalisation needs of 10 billion and privatisation proceeds of just 5... percent of GDP as of 2023. In addition, this scenario incorporates much lower privatisation
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Newsletter 125 -30/06/2017
list of state-owned enterprises (SOEs) to be transferred to the new privatisation and investment fund...) foresees privatisation proceeds of 4.56 billion in 2017-2021. Revenues of 2.15 billion are estimated in 2017 and 2.07 billion in 2018, which make up more than 92 percent of the privatisation proceeds
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