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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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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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EconomyProgramme
EU and IMF bailout drafts confirm conditionality as well as differences on primary surplus Two separate draft documents for the conclusion of the ongoing review were published over the weekend in the Greek media that demonstrate broad convergence in the overall conditionality between the eurozone institutions and the International Monetary Fund on the key policy measures and actions.
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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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EconomyProgramme Privatisation of power transmission firm ADMIE a key challenge among prior actions The privatisation of the electricity transmission company (ADMIE) is one of the thirteen prior actions Greece has to implement by December 11 to unlock the next sub-tranche of 1 billion.
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EconomyProgramme
Lenders set out 49 milestones for Greece to meet before next bailout tranche The Eurogroup Working Group (EWG) decided on Friday a long list of 49 milestones that Greece will have to achieve by mid-October for the disbursement of the next bailout sub-tranche of 2 billion euros.
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EconomyProgramme
Overhaul of energy market among tasks looming for government On top of the fiscal policy measures and pension reforms the new government has to work on in the next few weeks, it also has to meet key deliverables in the energy sector over the coming months as part of its commitments in the third bailout programme.
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EconomyProgramme
These are the bailout deliverables expected from Greece in September Greece’s caretaker cabinet was sworn in on August 28 and on the same day, the European Commission (EC) President Jean-Claude Juncker sent a letter to the caretaker Prime Minister Vassiliki Thanou.