Ellaktor’s critical general shareholders meeting next Thursday looks set to be the mother of all battles among stakeholders, as it will to a great extent determine who will manage the country’s biggest construction group in the future.
Setting up a company will be done automatically or will only take two days at the longest as of July 22, according to a joint ministerial decision determining the mode of operation and the stamp duties at the one-stop shops for establishing an enterprise.
Over a third of the country’s population – i.e. 34.8 percent or 3.7 million people – are considered at risk of poverty or social exclusion according to the 2017 survey on households’ incomes and living conditions by the Hellenic Statistical Authority (ELSTAT).
The Eurogroup agreement met with a warm reception from bond markets and analysts, triggering a rally in Greek bond prices.
Donning a red tie, Greek Prime Minister Alexis Tsipras on Friday hailed the Eurogroup debt deal clinched on Thursday as “historic,” insisting that Greece is finally turning a page after eight years of bailouts.
The early gains observed during trading on Friday in Athens had all been cashed in by the end of the session as investors seemed to have factored in the outcome of the Eurogroup in Luxembourg and were not as impressed as bond buyers.
New Democracy leader Kyriakos Mitsotakis said on Friday his party will table a proposal for a parliamentary debate on the economy, noting that the debt deal achieved by the government at the Eurogroup is worse than what the country was expecting to get.
Greek Prime Minister Alexis Tsipras has donned a tie, for the first time in more than three years in office, to celebrate the debt relief deal agreed by the country's creditors.
An officer wipes the brow of a sweating evzone in the Presidential Guard in Athens Friday, as temperatures inched back up to the high-20s Celsius after a spell of wet, cooler weather. Skies will be mostly clear Saturday, with highs in the 30s, though it will start to feel a bit sticky, as rainclouds are set to return Sunday. [Eurokinissi]
A joint land and air exercise between Greece and Egypt, with the participation of Cypriot forces, is set to begin on Sunday in an area stretching from the island of Crete to the coast of the North African country.