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GDP revision for 2017 points to slight improvement from initial estimates
EconomyMacroeconomyGreece’s Statistical Authority (ELSTAT) issued on Wednesday the second estimate of the national... of the European System of National and Regional Accounts ESA 2010. The first estimate for 2017 was published... year-on-year, from a first estimate of 1.4 percent growth that was announced in March. Final
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Govt tables 2018-21 MTFS containing 4.5 bln in measures, sees growth rising from 1.8 pct this year
EconomyProgrammein 2020 and further to 0.2 percent in 2021. Privatisations The MTFS foresees collection of privatisation... Ministry (MoF) downward revised its previous GDP growth estimate for 2017 from 2.7 percent to 1.8... growth of 2.4 percent, which is seen as an optimistic estimate. The HFC also noted that the medium-term
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OECD ups 2021 growth estimate by nearly 3 points, underlines RRF impact
EconomyMacroeconomyThe OECD released on Monday its latest Economic Outlook, in which it significantly revised its growth estimate for Greece for this year to 3.8 pct, from 0.9 pct in the previous forecast last December. At the time, the OECD had pointed out that the recovery could be stronger if the support package
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European Commission leaves 2024 growth estimate of 2.3 pct unchanged
EconomyMacroeconomyThe European Commission left Greece’s growth estimate for 2024 unchanged in the latest winter forecast published on Thursday, expecting the Greek economy to grow by 2.3 pct. The forecast remains slightly more moderate than the 2.9 pct growth the Finance Ministry expects, on which it has based
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Complex privatisation fund faces tall order to reduce Greek debt
Economy2010 and was the first attempt to generate revenues from privatisations and asset development... that until now, the whole amount of HRADF proceeds from privatisations was used for debt reduction... for the conclusion of Greece’s first programme involves the establishment of a new privatisation fund
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Much ground to cover on prior actions despite privatisation progress
EconomyProgrammebefore the MoU expires in August. Privatisations There was some progress on privatisation issues... privatisations it has targeted for this year. “The period until June is a quite critical one, which... that the institutions have accepted that there will be around 10 prior actions, some linked to privatisation issues
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DESFA transfer complete as HRADF heads for record year in privatisation revenues
EconomyFeaturesfor a record year in terms of revenue privatisations in 2018. The fund has reported privatisation...A major privatisation reached its conclusion on Thursday with the transfer of the Hellenic Gas... and know-how to the company,” he said. The DESFA privatisation had been marred by repeat delays
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Hatzidakis announces strategy for partial privatisation of PPC
EconomyFeaturesPower Transmission Operator (ADMIE). In addition, further privatisations were proposed for ADMIE under... policy agenda. Hatzidakis said that the rescue plan for PPC involved the partial privatisation... in order to open up the latter’s prospects for privatisation. Currently, the distribution network
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Reactions to reshuffle continue as government seeks fast track prosecution of former minister
PoliticsGreek Politics. On Monday, Deputy Energy Minister Nikos Tsafos came under fire from opposition parties over... to show understanding for some of Turkey’s claims in the Aegean make Tsafos unsuitable to hold such a sensitive post. Tsafos, who had previously served as Mitsotakis’s advisor on energy, was forced
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Budget primary surplus confirmed at 2.05 bln in July on lower PIB expenditure
EconomyMacroeconomymillion. The corresponding expenditure stood at 277 million, under target by 78 million and leading... on 2.44 billion. Privatisation proceeds in the aggregate period came to 227 million, below their target by 13 million. For the same period last year, privatisation proceeds had reached 968 million
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