Thirteen out of 15 remaining “prior actions” demanded by institutional creditors from Athens take center stage this month, with the leftist Greek government needing to ratify, among others, an agreement or the Helleniko real estate development agreement via Parliament.
Other high-profile requirements include the transfer of nearly a dozen state-owned and managed utilities and enterprises, such as the Athens and Thessaloniki water and sewerage companies (EYDAP and EYATh), two defense contractors (EL.VO and IAH), the Athens metro holding company, the dominant electricity provider (listed PPC) and the power grid operator, which is seen as one of the most promising and pressing privatizations demanded by creditors.
Other obligations are a further liberalization in the domestic energy markets, both in terms of power generation and transmission, along with the natural gas supply.
Creditors are also pressing the leftist government to increase social security contributions by self-employed professionals in rural areas, as well as abolition of several exceptions.
