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Hellenic Republic Asset Development Fund (HRADF) on Wednesday launched an international tender to sell a majority stake in oil refiner Hellenic Petroleum. In an announcement, HRADF said it will sell at least 50.1 percent in the refiner following an agreement between Hellenic Petroleum’s two major shareholders -HRADF and Paneuropean Oil and Industrial Holding (Latsis Group) … Περισσότερα

There is optimism in Brussels that an agreement between the Eurozone and the International Monetary Fund (IMF) on debt relief for Greece could be imminent, according to Athens-Macedonian News Agency (ANA) sources. The hoped-for breakthrough is expected ahead of crucial talks on Greece that are to take place on Thursday, on the sidelines of the … Περισσότερα

The IMF has revised its forecasts for Greece’s primary surplus in 2017 and 2018. In its Fiscal Monitor report presented by the IMF’s Fiscal Affairs Director Vitor Gaspar, the Fund has improved its forecasts for the country’s primary surplus to 3.7 pct in 2017 and 2.9 pct in 2018, leading to estimates that this revision … Περισσότερα

Finance Minister Euclid Tsakalotos leaves on Tuesday for Boston, United States, where he will hold a series of contacts with representatives of investment companies.  On Thursday, he will visit Washington to attend the spring summit of the International Monetary Fund and the World Bank.  

“Greece and its official creditors will seek a “hybrid clean” exit that will not include a precautionary credit line, but policies with significant commitments,” Fitch Ratings said in a report titled “Western Europe Sovereign Credit Review – 2Q 2018”, in which the credit rating agency assesses Greece’s exit from the support programme. “Greece will be … Περισσότερα

There will be no more memorandums for Greece. That was the message sent by European Commissioner for Economic and Financial Affairs Pierre Moscovici at the European Progressive Forum. “Greece has gone through a lot since the dramatic days in the spring of 2010 and the turmoil in the summer of 2015,” Moscovici said, adding: “I … Περισσότερα

The Greek economy will return to high growth rates as of 2023, when the targets for primary surpluses have receded, the International Monetary Fund (IMF) said in its April 2018 World Economic Outlook report, presented on Tuesday at its Spring Meetings in Washington, DC. In the data for Greece, the IMF said Greece’s development rate … Περισσότερα