Market structure

The businessman Nikolai Banev and his wife Evgenia were detained in France with a European arrest warrant. This is another business family against which a large-scale investigation is being conducted, reports BNT. 

In a market where power companies are increasingly engaging call centers to advertise complex electricity packages over the telephone, consumers need to be cautious when considering switching energy providers, the Energy Regulatory Authority (RAE) says.

Greece will launch a tender in November to sell a majority stake in gas company DEPA's commercial operations, the country's privatization agency (TAIPED) said on Monday.

Greece has caught up with the majority of its European Union peers in terms of lifting restrictions in retail commerce, rising to 11th among the bloc's 28 member-states in the sector's deregulation chart.

The strategic plan of the Hellenic Corporation of Assets and Participations (EESYP) shifts its emphasis to the utilization of the state's real estate assets and to the holdings in state corporations recently conceded to EESYP, the so-called "privatizations hyperfund."

Greece has been missing the targets for privatization revenues ever since it first sought a bailout from the eurozone and the International Monetary Fund in 2010. It will likely continue to do so this year and next unless the process is rethought.

Consumers and employment in Greece have enjoyed considerable benefits from the opening up of commodity markets implemented since 2010 (in the context of the bailout programs and the recommendations of the Organization for Economic Cooperation and Development), according to a study by the Center of Planning and Economic Research (KEPE).

Greek truck drivers staged a demonstration on Saturday at the Afidnes toll gates near Athens. Around 500 vehicles were parked along the side of the national highway by truck drivers who are complaining about the impact of the country's financial crisis on their sector.

The Elliniko development project is again key to the privatizations program's revenues projections, this time for 2018.

The privatization of the Thessaloniki Port Authority (OLTH) may add up to 1.6 billion euros to Greece's gross domestic product in the coming decade, according to an IOBE study.