MacroPolis

Can Greece learn to love renewable energy?

By: Omaira Gill

Greece is one of the most fossil-fuel dependent countries in the European Union, and has struggled to shake off this label at a time when the production of energy from renewable sources is one of the fastest growing sectors in the world.

After calm summer, hectic September lies ahead for Greek government

Although August appears to be a relatively quiet month for the government, particularly compared to the previous months and last year, there is a list of 15 prior actions the government is supposed to implement by mid-September to receive the next aid tranche of 2.8 billion euros.

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).

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.

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.

PPC sees profits rise in Q1 2016

Greece’s largest power company, the majority state-owned Public Power Corporation (PPC), released its interim Q1 2016 financial statement on Thursday, showing that turnover fell by 8.8 percent in the quarter compared to the same time last year.

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.

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.

Bad debt provisions impact on PPC’s 2015 results

Greece’s largest power company, the majority state-owned Public Power Corporation (PPC), released its annual financial report on Tuesday, which showed that the company ended the year with losses.

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.