MacroPolis

PPC: The struggling electricity giant dominating bailout talks

By: Manos Giakoumis

One of the biggest stumbling blocks in the way of t the Greek government and the institutions to clinch a staff-level agreement (SLA) is the liberalisation of the energy market, with lenders requesting the sale of 40 percent of the Public Power Corporation (PPC) units.

Three investment groups table binding offers for Thessaloniki Port

The Hellenic Republic Asset Development Fund (HRADF) announced on Saturday that it received on Friday three binding offers for the acquisition of a 67 percent stake in Thessaloniki Port Authority (OLTH).

Fraport reveals airport plans as major privatisation overcomes obstacles

Fraport presented on Wednesday its plan for the modernisation and development of 14 Greek regional airports ahead of the official delivery of the airports and following the implementation of most of the required prior actions.

Global deal in April ruled out as labour reforms prove biggest obstacle

Speaking to Parliament’s Economic Affairs Committee, Finance Minister Euclid Tsakalotos said on Thursday that the agreement with the institutions would be difficult but would also have “positive surprises,” which could pave the way for QE from the European Central Bank and lead to sustained growth.

Athens sees faster pace of progress in review talks but no final deal yet

Following the small progress made during Monday’s talks, Greek government sources appeared more optimistic after Tuesday’s meetings noting that a “quite large agreement” has been reached on many issues.

Round of talks nearing end with limited progress, serious doubts about March 20 goal

Following a series of inconclusive meetings over the previous days, some progress was apparently recorded during discussions between Greek ministers and the institutions’ mission chiefs on Monday evening.

First day of talks highlights distance that needs to be covered

The new round of negotiations between the institutions’ mission chiefs and the Greek ministers began on Tuesday.

Institutions back in Athens to resume review, agree new measures

After a stalemate of more than 2.5 months, discussions between the Greek government and the institutions’ mission chiefs are due to resume in Athens on Tuesday.

HRADF signs share purchase agreement with Ferrovie for sale of TRAINOSE

The Hellenic Republic Asset Development Fund (HRADF) said on Wednesday it has signed the share purchase agreement for the sale of 100 percent in TRAINOSE (operation and management of railway activities) to the Italian Ferrovie Dello Stato Italiane for a consideration of 45 million euros.

PPC general meeting approves unbundling of ADMIE

The Public Power Corporation (PPC) held an Extraordinary General Meeting (EGM) on Tuesday that approved the unbundling of the Independent Power Transmission Operator (ADMIE), which is fully owned by PPC.