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Newsletter 75 - 27/05/2016
up a secondary market for loan (including non-performing loan) sales, established a new privatisation... sales and pension reform and pending actions on the privatisation front. The milestones for the second tranche include interventions in the areas of privatisation, bank governance, the revenue agency
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Grassroots protests highlight public discontent with development policies
PoliticsGreek Politicsranging from water privatisation to tourism development. The development suggests that public discontent... square of Thessaloniki held in protest against water privatisation. The event was organised... that the measure paves the way for the privatisation of water management, the majority of which
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In potential clash with lenders, SYRIZA wants to use privatistion receipts to fund social policies
Economyfor the privatisation fund is expected to be tabled in the next 30-45 days. Most critically, Valavani said that the new privatisation fund's revenues will be used to finance the government’s social policies... of privatisation proceeds, which would be placed into a special escrow account to be used solely for debt reduction
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Clock ticks on bailout review but big gaps remain between Greece, lenders
EconomyProgrammeliberalisation of the non-performing loan (NPL) market and the new privatisation fund. Pension... ease the burden on cooperative borrowers and enable banks to unlock tied-up funds. Privatisation Fund... Wolfgang Schaeuble has repeatedly noted that he considers the establishment of a new privatisation fund
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Commission sees lower Greek financing needs, provides timetable for course of programme
EconomyProgrammebillion, while privatisation receipts of around 6 billion are also expected to lower financing needs... billion to arrears’ clearance. Deducting privatisation revenues of 1.3 billion and ANFA profits..., and 2.3 billion arrears’ clearance. Privatisation proceeds of 3.2 billion and ANDA profits of 0.3
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Record FDI flow into Greece raises bar, but is it sustainable?
EconomyFeaturesby Greece as part of the successive bailouts, including but not limited to the privatisation programme. In the decade since its establishment in 2011, the privatisation fund HRADF has brought in close... euros already accounted for in H1. These include major privatisation deals like the acquisition of 49
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Greece and lenders seen inching towards deal on ADMIE
EconomyProgrammeon the privatisation of the electricity transmission company (ADMIE), which is one of the 13 milestones Greece.... The privatisation process calls for the sale of 20 percent to a strategic partner, a European firm specialised... to that applied several years ago in the privatisation of the Hellenic Telecom Organisation (OTE). Also
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Greece close to agreement that would unlock sale of Astir Vouliagmenis
Economy. This is the fourth important development on the privatisation front in December. The first... percent would be free floated in the Athens Stock Exchange (ASE). The second privatisation development... he anticipated privatisation revenues of 3 billion next year, which would be above the 2016 budget
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Tsipras sails through multi-bill vote, looks to disbursement and debt relief
PoliticsGreek Politicsrises, the creation of a new privatisation fund that allows lenders to exercise considerable influence..., Vassiliki Katrivanou, decided to vote against the two articles relating to the privatisation fund.... She denounced the creation of the new privatisation fund as a handing over of Greek sovereignty
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ECJ decision on PPC’s lignite exploitation rights and future investments
Legalon lignite rights, brings back to the fore the issue of PPC’s privatisation. The legal services of the Energy Ministry and minister Giorgos Stathakis will have to decide on the privatisation... and prosperity through privatisation of electricity production, there are certain matters that may not allow
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