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Finance Ministry outlines plans for making savings, increasing revenues
EconomyProgrammeFriday’s Eurogroup agreement has increased the pressure on the government to make savings and increase its revenues. In an interview with Kathimerini daily Alternate Finance Minister Dimitris Mardas... for procurements of up to 60,000 euros. This procedure will be binding not only for state firms but also
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ECB's negative opinion on foreclosure bill creates another obstacle in bailout talks
EconomyProgrammeThere has been no official response from the Greek coalition to the European Central Bank (ECB) publishing on April 10 its opinion on the draft law on the suspension of primary residence foreclosures... is not binding for the Greek government but suggests that this is another issue that could become
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Agreement on third bailout with revised fiscal and macro targets, host of prior actions
EconomyProgrammeMechanism to release funding before August 20, when Greece has to meet the maturity of a 3.2-billion-euro... of the privatization plan undertaken by the Hellenic Republic Asset Development Fund (HRADF). Announcement of binding
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The ins and outs of the Greek bank recapitalisation process
Economythe recapitalisation process has not yet been decided. Media reports indicate this will be clarified..., since they are not as severe as previously feared, yet it is not clear whether the binding scenario
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Greek banks brace for recapitalisation, with Piraeus initiating a bond swap offer
EconomyBankingbe approved. The legal framework for the recapitalisation process has not yet been clarified...-plus-baseline capital needs and the higher figure that would stem from the adverse – possibly binding
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Greece concludes regional airports deal, more privatisations lie ahead
EconomyThe Hellenic Republic Asset Development Fund (HRADF) announced on Monday that it has signed the long-awaited 40-year concession agreement for the upgrade, maintenance, management and operation of 14... for the submission of binding bids for the sale of a 61 percent stake in Piraeus and Thessaloniki Ports is due
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Cosco's 369 mln Piraeus Port improved bid accepted, seals latest privatisation
EconomyBankingbinding offer on December 21, which was unsealed on January 12 with HRADF requesting the submission of an improved financial offer. Its initial offer price stood at 17.5 euros and has been improved
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Privatisation chief hopeful of reaching 2016, 2018 targets as several sales near conclusion
Economy). The international tender has been extended until June 20. He also said that the process..., Pitsiorlas said that binding offers from 7 international investors are expected by the end of August
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Despite snags, coalition expects multi-bill approval before Eurogroup
PoliticsGreek Politicsthe restructuring of non-performing loans via the out-of-court workout. The management of NPLs has... described the court as issuing a “non-binding opinion” rather than a “ruling.” He also said
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Finance Ministry publishes roadmap for relaxation of capital controls
EconomyMacroeconomyThe Finance Ministry (MoF) published the roadmap for the relaxation of capital controls on Monday afternoon. This constitutes one of the 140 prior actions the government has to implement... (BoG) and is a non-legally binding document outlining the strategy of the Greek authorities, the MoF
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