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  1. Government budgeting on a late RRF sprint

    EconomyMacroeconomy

    estimated to reach 70.88 billion euros by the end of the year, against an initial estimate of 69.2 billion... to grow by 5.7 pct this year, against an estimate of growth of 8.4 pct in the budget that was submitted... anchored its estimate for investment spending for next year on the RRF, as it expects a sprint

    6%

  2. Commission slashes 2015 Greek growth forecast to 0.5 pct, sees debt rising
    Photo by MacroPolis

    Economy

    before. The EC growth estimate for 2015 is lower than the latest Finance Ministry forecast of 1.4... formation estimate, which is now seen falling by 3.1 percent in 2015 versus growth of 8.4 percent... percent before, while retaining its 2016 estimate almost stable at 3.6 percent. On unemployment, the EC

    6%

  3. Athens buoyed by conclusion of budget talks but IMF lowers growth forecasts
    Finance Ministry

    EconomyMacroeconomy

    , the growth estimate for 2019 was 2.4 percent. Next year’s estimate is unchanged. Despite the downward revision of this year’s growth estimate, which probably stems from the modest growth in the first... Greece’s growth prospects in 2019 compared to the previous estimates that were released in April. The IMF

    6%

  4. A breakdown of what Tsipras and European lenders agreed to

    EconomyProgramme

    will be transferred to an independent fund that will monetize assets through privatisations and other... as opening of closed professions like ferry transportation. o Privatisation of the Independent... the supervision of European institutions. Alternatively to the creation of a new privatisation fund

    6%

  5. How Cyprus re-entered the market
    en_GB Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Agora

    ” and called for “two or three emblematic privatisations” first. He is probably worried... of privatisation. This is indeed what happened in Cyprus. Under the bailout programme, Cyprus was supposed to raise 1.5 billion euros (around 9 percent of GDP) through the privatisation of the telecoms operator

    6%

  6. Development model questioned again amid reaction to luxury resort go-ahead

    PoliticsGreek Politics

    have been raised about the benefit of privatisations to the economy and the appropriateness...The construction of a large resort complex in Corfu on land ceded as part of Greece’s privatisation... since the privatisation fund HRADF awarded the use 49 hectares of public land to the developers

    6%

  7. Aided by underspend, budget primary surplus reaches 1.84 bln in 5-month, 792 mln above target
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    for 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

    6%

  8. Wide range of exacting issues lie ahead for Greece in first bailout review
    Photo by MacroPolis

    EconomyProgramme

    that a large number of those is potentially at risk. Privatisation fund The statement of the Euro summit in mid-July called for the establishment of a new privatisation fund to manage valuable Greek... on the privatisation of the electricity transmission company (ADMIE) in December was the only

    6%

  9. IMF examines where programme went wrong, what lessons were learnt
    Photo by Panayotis Tzmaros/Fosphotos

    EconomyProgramme

    of 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

    6%

  10. Athens waits for response from institutions on primary residences proposal
    Photo by MacroPolis

    EconomyProgramme

    of the mortgage instalment. Port privatisation The government is also hoping to point to progress on the privatisation front in the coming days. On Thursday, Parliament’s Trade and Production Committee started debating the bill that will allow the privatisation fund HRADF to auction concession on various

    6%