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PPC lignite unit bids fall flat in blow to privatisations
EconomyFeaturesThe Public Power Corporation’s (PPC) divestment of 40 percent of its lignite capacity has hit an obstacle as it emerged that the bid process for two lignite units had attracted very little interest. PPC received one binding offer for the Melitis unit in...
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Eurogroup to approve release of bond profits but bid to repurpose funds falls flat
EconomyProgrammeWednesday’s Eurogroup is expected to result in eurozone finance ministers approving the conclusion of the fourth enhanced surveillance review and the next round of debt relief measures, but will not include a discussion on how Greece can use the bond pr...
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Building permits down by 2.3 pct in Jul as YTD activity growth nearly flat
EconomyMacroeconomyBuilding permits growth in July returned to negative territory, dropping by 2.3 percent year-on-year (YoY), after a 3 percent increase in June), according to the latest data released by the Hellenic Statistical Agency (ELSAT) on Thursday. The total numb...
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Government moves to shake off Tempe affair after opposition bids at prosecution fall flat
PoliticsGreek PoliticsNew Democracy succeeded in limiting the scope of judicial proceedings against politicians in relation to the deadly Tempe rail crash after rival motions by opposition parties to widen the net of prosecutions were voted down. The conservatives hope that ...
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Exposure to tourism sector a concern for banks despite effort to save season
EconomyBankingand put the economy on track for recovery in the autumn. The three pillars of the plan were described... catering not being serviced.. As pointed out in the report, the property market is also connected... 1.75 billion euros, of which 77 percent are considered fully serviced. The remaining 370 million
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Slow pace of civil service evaluation, Hellenikon deal add to review agenda
PoliticsGreek PoliticsSeveral areas of potential tension between the government and Greece’s lenders have emerged ahead of the third review. Athens is still struggling to find a way to conduct a performance evaluation in the public sector after civil servants’ unions instruc...
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Athens struggles with civil service evaluation, reduction of arrears
EconomyProgrammeThe Greek government has its hands full at the moment with the effort to complete as many prior actions as possible from the fourth review so there can be a staff-level agreement by the May 24 Eurogroup. Apart from the fact that many of the 88 key deliv...
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Health service in spotlight as govt scrabbles for more measures to contain Covid
PoliticsGreek PoliticsThe government is set to admit defeat in its strategy for containing Covid-19 as health data continues to cause concern and new measures are set to be announced to rein in the virus. Although the coronavirus numbers have been worrying for several days, ...
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Newsletter 127 - 14/07/2017
percent after staying flat in May while the goods’ and services’ indices advanced by 0.4 and 1.9... edged up by 0.4 percent after staying flat in May. Building permits fall slightly in April Data
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Newsletter 141
to appear in the Greek economy this year, though they are fragile. Tourism, one of the main pillars... by strong services balance growth as travel receipts continue to increase Travel receipts rose by 15.5... euros year-on-year and was driven by a 350 million rise in the services balance, and by the deficit
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