Economy of Greece

EIB signs 180 million euro loan to fund new Greek airport

The European Union's lending arm, the European Investment Bank (EIB), signed a 180-million-euro ($199.69 million) loan deal with Greece to help it pay its share for a new airport on Crete, the country's biggest island.

Greece has been upgrading its airport facilities to handle an increasing number of tourists visiting the country, one of the world's top holiday destinations.

DEPA Commercial appeals to several candidates

After DEPA Infrastructure, the company that has undertaken the natural gas transmission network, it is now time for the privatization process of DEPA Commercial to start. Sources say that, by Friday, state privatization fund TAIPED will have published an invitation for expressions of interest in the sale of the state's 65 percent stake in the gas trading company.

Mohegan-GEK Terna consortium continues alone in Elliniko casino bidding

A countdown of 10 working days started late on Monday, until February 3, for the submission of any objections about the tender for the casino permit at the Elliniko plot, after the notification by the Hellenic Gaming Commission (EEEP) to the two candidates regarding the bids submitted.

Foreign auditors returning to Athens

The heads of the technical teams representing Greece's international creditors are due to return to Athens this week for talks with government officials as part of the country's fifth post-bailout review which essentially paves the way for the use profits from Greek bonds (ANFAs and SMPs) and the reduction of high primary surplus targets.

Three demands that could fetch 6 bln euros for Greek economy

The government's negotiation plan for the ongoing fifth post-bailout assessment of the Greek economy provides for investments totaling 3.4 to 4 billion euros and fiscal space for tax breaks worth 2 billion euros in 2021 and 2022, as well as scope for even more tax cuts in case of overperformance.