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Energy
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Economy
First phase of process to find strategic investor for ADMIE completed The Public Power Corporation (PPC) announced on Tuesday evening the completion of the first phase for the sale of a 24-percent stake in the Independent Power Transmission Operator (ADMIE).
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EconomyProgramme
First review completed but more prior actions lie ahead for Greece Following the agreement reached at the Eurogroup Working Group (EWG) on Thursday, parts of the supplemental memorandum of understanding (MoU) were revealed over the weekend.
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EconomyProgramme
Government tables amendments with aim of securing bailout tranche within days The government tabled in Parliament on Wednesday evening four amendments regarding most, but not all, of the pending prior actions required for the disbursement of the next bailout tranche of 7.5 billion euros.
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EconomyCorporates
Terna Energy Q1 2016 net profits fall on FX exchange Renewable energy company, Terna Energy’s first quarter results for year show that consolidated sales came to 50.4 million euros compared to 45.9 million euros for the same quarter last year, an increase of 9.8 percent.
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Economy
HRADF's updated plan for 19 privatisation projects published The Hellenic Republic Asset Development Fund (HRADF) asset development plan was published in the Government Gazette on Wednesday following its approval from the government’s Economic Policy governing council.
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EconomyCorporates
Mytilineos Group posts steady 2015 growth across sectors The industrial conglomerate Mytilineos Group has released its 2015 annual financial results which show that the group maintained a steady rate of growth and continued to consolidate its position in all three of its business activity areas, namely the EPC projects sector, metallurgy and mining and energy through its various subsidiary companies.
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EconomyCorporates
Terna Energy posts significant profit increase for 2015 The renewable energy company Terna Energy has released its financial results for 2015, showing a 25.5 percent increase in consolidated sales compared to the previous year.
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EconomyProgramme
Greece and lenders seen inching towards deal on ADMIE The Greek government and the institutions have reportedly reached an initial agreement on the privatisation of the electricity transmission company (ADMIE), which is one of the 13 milestones Greece has to implement to receive the next sub-tranche of 1 billion.
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PoliticsForeign Policy
Energy drives closer cooperation between Greece, Cyprus and Egypt Greece, Cyprus and Egypt have agreed to accelerate talks on the outstanding issues related to the delineation of the three countries' Exclusive Economic Zones (EEZ).
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PoliticsForeign Policy
Kerry positive during Athens visit, shows keen interest in Cyprus and energy Strong support for Greece over its struggle to handle the refugee situation and the economic reform programme were the main public messages to emerge from the visit to Athens by US Secretary of State John Kerry last Friday.