Greece

Greece to launch sale of power distribution operator in September

Greece will kick off the sale of a minority stake in power distribution operator HEDNO in September, Energy Minister Kostis Hatzidakis said on Friday.

Speaking on the sidelines of the signing of a loan agreement between the European Investment Bank (EIB) and PPC, Hatzidakis told reporters that the sale process for a 49% stake will begin in September.

Editorial: No more lost opportunities

The international press due to the performance of Greek bonds has lavished praise on the Greek economy.

What was just one year ago considered inconceivable has been attained.

The return on the Greek 10-year bond in one trading session fell to under one percent - a new record low.

The decrease in the cost of borrowing has a positive multiplier effect for Greece.

Athanassios Randos appointed head of Council of State

Athanassios Randos has been appointed president president of the Council of State, Greece's top administrative court, it was announced Thursday.
His appointment was made on a recommendation by Justice Minister Costas Tsiaras.
Randos had until now served as vice-president.
Randos replaces Katerina Sakellaropoulou who was recently elected Greek President.

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