Economy of Greece
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.
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.
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.