Greece
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privatizations

EU: Greece Needs to Close Pending Prerequisites before Disbursement of Loan Tranche

Greece needs to complete three important prerequisites before the EU disburses the next loan tranche of €5.7 billion euros, a European official said, according a Kathimerini report. The loan tranche will be disbursed upon the condition that all requirements of...

Bloomberg: 10 Steps Road Map for Greece to Exit Bailout Program in August

Greek Prime Minister Alexis Tsipras and his MPs keep repeating that the completion of the bailout program in August will mark the end of the memoranda that caused so much suffering to the Greek people. However, there are those who...

Hedge Fund Manager: Investors Ready to Pour Billions into Greek Economy after Political Change

Hedge fund manager, Kyle Bass, believes that Greece will come out of the crisis and investors will pour billions into its economy once the government changes, according to a CNBC report. The founder and chief investment officer of Hayman Capital...

Greece Appoints New CEO in Privatization Agency

Greece has appointed Riccardo Lambiris as the new chief executive officer of its privatization agency, the Hellenic Corporation of Assets and Participations (HCAP), on Tuesday. The Greek government is trying to speed up privatization projects, which is a prerequisite for the...

Alpha Bank Analysis Sees Return of Confidence in Greek Economy

A gradual return of confidence in the Greek economy following the completion of the second review is becoming increasingly apparent, according to a report by Alpha Bank economic analysts on Saturday. This returning confidence was reflected in the improvement...

Greece Targets 6 Billion Euros in Privatizations Revenues by 2018

The head of Greek privatizations agency (HRADF) said the country aims to receive total revenues of 6 billion Euros from privatizations by 2018. According to HRADF's chairwoman Lila Tsitsogiannopoulou, the revenues would be 500 million for 2016, 2 billion for...

ESM Chief Criticizes Greek Ministers for Questioning Privatizations

European Stability Mechanism President Klaus Regling on Monday criticized Greek ministers for questioning agreed measures and privatizations, thus sending a negative message to international markets. In an interview with Greek public television (ERT), Regling praised Greek Finance Minister Euclid Tsakalotos...

U.S. Commerce Secretary Backs Greek-American Calamos-EXIN Bid for Greek Insurer

U.S. Commerce Secretary Wilbur Ross recently backed a bid by the the EXIN Group to buy Ethniki Asfalistiki, the insurance arm of Greece's National Bank, Reuters says. The deal could help U.S. investments in Greece since Calamos Investments is a U.S.-based company managing...

Greek Government Rushes to Close Evaluation, Sign Fourth Memorandum

A draft of the fourth Memorandum of Understanding between Greece and international creditors which includes unpopular austerity measures is at the Ministry of Finance. The new agreement that Athens has to sign in order to close the second evaluation of...

Power Workers Threaten With Blackouts Over Impending Privatization of PPC

Public Power Corporation (PPC) worker unions are to meet on Thursday and Friday to discuss their reaction to the impending privatization of part of the company, according to chief of the technical employees union, Costas Maniatis. On Tuesday, Maniatis spoke...