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Grand projects and even loftier ambitions drive Greece's energy project bonanza
EconomyFeaturesthat this estimate may be revised downwards. Even some of the more ambitious projects that have been... through the introduction of binding targets. A first phase budgeted at 322.7 million euros is due... a balance will have to be struck, the outcome is far from predictable, and may not be optimal when
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Local elections in Greece a precursor of European vote
PoliticsGreek Politicsis the most likely outcome in Athens, where the big question will be who will join Kaminis on May 25... referendum on the proposed privatisation of the local water company, EYATH. Although the non-binding vote... a significant part in the outcome of the EU elections on May 25. The government passed legislation a few
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Athens hopeful release of 970 mln will be approved at Friday's Eurogroup
EconomyProgramme. Greece currently owes the IMF just under 10 billion euros but may make do with just paying off... the European Parliament elections on May 26 as SYRIZA is hoping that this will help drive its post... a close eye on the progress being made with privatisations. Binding offers are due to be submitted
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Common ground absent after latest round of Cyprus discussions
PoliticsForeign Policythe end of the summer. The Republic of Cyprus is holding parliamentary elections on May 30... issue does not seem to be a priority. Realistically, the UN may have to wait until the end... that the UN resolutions are binding for all sides and this should be the only acceptable framework for any
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Newsletter 411 - 09/02/2024
in some cases may not be possible at all. The stance taken by the farmers comes at an awkward moment... as an anti-populist social progressive. Although the vote is non-binding, and has no immediate... that HFSF was holding in the bank in the end of October. Another state holding that was made
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Greece: After a deal, work on a solution
Agorasensible fiscal targets and debt relief on the table. If both come together, we may move toward a solution... in the form of less restrictive fiscal targets and the explicit and binding promise of debt relief upon... countries in southern Europe. Labour market inflexibility is thus unlikely to be holding back the Greek
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NBG raises 300 mln from SME loan securitisation in first such Greek transaction since 2007
EconomyBankingEurosystem funding stood at 20.8 billion euros in mid-May, of which 11.2 billion relate to ELA... that following the evaluation of binding offers, it has selected a consortium comprised of Tourism Enterprises Messinia (controlled by Konstantakopoulos group) and D-Marine Investment Holding (Dogus
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Athens waits for Moscovici visit, eyes debt relief and lower volume of measures
PoliticsGreek Politicsthat the demand for 3.6 billion euros is not written in stone and that it may be reduced after... of Greece governor Yannis Stournaras said that some legally-binding commitment to medium-term debt relief... is holding out hope that it will still be able to convince the lenders to reduce the amount of new measures
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HCAP and Finance Ministry reveal five-year strategic plan for public assets
EconomyFeaturesthe control of HCAP, which include power firm PPC, water company EYDAP and public transport organisation OASA... and opportunities, with long-term and short-term goals for each company. Regarding OASA, for example, HCAP
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Greek primary budget surplus at 707 mln as revenues beat target in May
Economyreleased by the Ministry of Finance (MoF) on Tuesday. The state budget deficit to May narrowed... a deficit of 339 million in May from 495 million posted in April. In contrast, May budget deficit rose... trend in May increasing by 6.9 percent (from -1.4 percent in April), which led the 5-month figure up
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