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Privatisations
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Greece shelves water privatisation plans, leaving gap in revenue targets
The government’s plans to sell stakes in Greece’s water companies have now been completely shelved after the Hellenic Republic Asset Development Fund (HRADF) decided to freeze the privatisation of the state-run firm in Thessaloniki in the wake of a court ruling blocking the sale of the one in Athens.
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Are things looking up for Greece's privatisation programme?
In its latest weekly credit outlook published on Monday, Moody’s said that the “Greek privatization program looks to exceed targets by year-end, a credit positive (for the sovereign)”. This is the first positive comment on privatizations by a rating agency after years of setbacks and underperformance.
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New obstacle for privatisations as court blocks sale of water firm
Greece’s highest administrative court has blocked the sale of the Athens water company, raising new questions about whether the government can meet its revised privatisation targets.
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With troika OK pending, 2014 budget sees primary surplus at 1.6 pct of GDP
The Finance Ministry tabled on Thursday the 2014 budget to Parliament without the final approval of the troika since discussions between the two sides on next year’s fiscal gap and other matters have not yet been concluded.