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PPC
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EconomyProgramme
Privatisation projects gather pace as Athens targets 2 bln in revenue for 2018 The government will be looking to demonstrate a significant reduction in its list of 88 prior actions by the June 21 Eurogroup, including covering ground on several major privatisations.
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EconomyProgramme
High expectations and landmarks on road to privatisations in 2018 Greece’s privatisation programme is a key component in the institutions and the Greek authorities’ growth projections as the asset development programme which includes direct sales, concessions, securitisations and other forms of monetisation is expected to contribute to boosting private investment.
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EconomyFeatures
Report on PPC’s viability ruffles feathers and shakes share price A leaked report by a consultancy firm on the Public Power Corporation (PPC) sent the majority state-owned entity’s stock price falling earlier this week after it raised concerns about PPC’s viability.
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EconomyCorporates
PPC net profits down by 47.9 pct in 2017 Greece’s largest power company, the majority state-owned Public Power Corporation’s (PPC) full year results for 2017 revealed muted performance across the year as revenues and profitability fell.
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EconomyProgramme
Complications over reforms cast doubt on June target for global deal With 10 days to go until the meeting of the Euro Working Group on April 12, the onus is on the Greek government to start ticking off more prior actions even though speculation is rife that a global deal between Athens and the lenders may have to wait until July, rather than June.
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EconomyProgramme HRADF outlines major privatisation plan, no timelines given The Hellenic Republic Asset Development Fund (HRADF) this week released an outline for the completion of several major privatisations, though no deadlines or timelines were specified.
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EconomyCorporates PPC net profits fall by 47.3 pct in nine-month results Greece’s majority state-owned Public Power Corporation’s (PPC) nine-month results showed that turnover fell by 6.1 percent.
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EconomyProgramme
Athens, creditors on way to settling energy, labour issues in third review Electronic auctions are due to begin on Wednesday, with the Greek government hoping that the process runs smoothly and that an agreement with the institutions can be secured by the end of the week.
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EconomyProgramme Energy at forefront as Athens prepares for creditors’ return Athens has reached a comprehensive agreement on energy issues, which was one of the biggest obstacles in the way of a staff-level agreement (SLA) being secured by December 4.
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EconomyProgramme
Sub-tranche released but PPC poses key challenge in review The European Stability Mechanism (ESM) disbursed the 800-million-euro sub-tranche from the Greek programme on Monday as Athens focusses on completing dozens of prior actions in the hope of concluding the third review before the end of the year.