Sunday April 26, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
DESFA deal will not be completed before August

By Chryssa Liaggou

The completion of the agreement to transfer the majority stake (66 percent) in Greece’s natural gas transmission network operator DESFA to Azeri state company Socar has been put off until at least August 2014 due to the close inspections being performed by the European Commission, with some estimates saying that if Brussels decides to use the whole of the period provided by the regulations, Socar will need to wait until October.

The period for the sale’s monitoring will officially begin when Greece’s Regulatory Authority for Energy (RAE) forwards to the Commission’s Directorate General for Energy the certification details regarding DESFA’s adherence to the ITO unbundling model (providing for the government to appoint the company’s heads). According to European Union regulations, this must happen by April 10.

Nevertheless, contacts between the Azeris, state sell-off fund TAIPED, RAE, DESFA stakeholder Hellenic Petroleum and the Commission are ongoing, while the draft interstate agreement between the EU and Azerbaijan is being prepared. This is necessary for the completion of DESFA’s transfer to Socar.

ekathimerini.com , Tuesday March 11, 2014 (22:52)  
Construction material costs slide anew
Navios taps German shipping opportunities
Gov’t eyes state company reserves
Thessaly stores likely to remain closed on first Sunday of spring sales
Greek tax officers turn to small debtors for cash
As the country’s finances reach a critical point, tax authorities have started seizing the deposits of small debtors, Kathimerini understands. No figures were available regarding the new cra...
As European officials hint at ‘plan B,’ pressure grows on gov’t to compromise
As a deal between Greece and its creditors appears far from imminent, concerns mounted over the weekend over the country’s finances and its prospects within the eurozone as a US Federal Rese...
Inside News
WATER POLO
Olympiakos wins Euro crown in women´s water polo
The women’s water polo team of Olympiakos won its first ever LEN Euro League at the Final Four it hosted in Piraeus by beating holder Sabadell from Spain 10-9 in Saturday’s final. After defe...
SOCCER
Rival soccer fan clashes leave man stabbed
One man was stabbed and several others slightly injured as rival Thessaloniki club fans clashed late on Friday at an event held by Aris supporters. Reports from Greece’s second city stated t...
Inside Sports
COMMENTARY
Five years ago
This week marks five years since Greece officially entered a period of crisis when then Prime Minister George Papandreou announced that the country would seek a bailout from the eurozone and...
EDITORIAL
Slippery slope
The extremely divisive language that is currently being used by parliamentary deputies and coalition ministers is both unacceptable and dangerous. It is high time that the tired, old argumen...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Olympiakos wins Euro crown in women´s water polo
2. Greek tax officers turn to small debtors for cash
3. As European officials hint at ‘plan B,’ pressure grows on gov’t to compromise
4. FM warns against a lose-lose situation [Update]
5. PM tries to appease mayors, regional governors over cash bill
6. Border checks aim to stop jihadists
more news
Today
This Week
1. Five years ago
2. PM tries to appease mayors, regional governors over cash bill
3. Poll: Large majority of Greeks want compromise with lenders
4. FM warns against a lose-lose situation [Update]
5. Greece not playing a game of chicken on debt
6. Slippery slope
Today
This Week
1. Greek government's popularity takes a hit as talks drag on
2. Europe's collision course with Greece
3. It's up to the Greek government to ensure deal with lenders, says ECB's Coeure
4. Leaving the past in the past
5. Denialism
6. The price of compromise
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.