EUROPEAN COMMISSION

Under the scheme of 150 million euros, the aid will take form of direct grants and will be channelled through electricity suppliers in the form of electricity bill reductions.

The processes for the listing of Athens International Airport on the Stock Exchange are now proceeding rapidly. DG Comp paved the way for AviAlliance to become a cornerstone investor by acquiring 50% plus 6 shares of AIA.

It also noted that the continued implementation of the RRP depends on the administrative and executive ability of the involved agencies, including regional and local administration.

From 2024 the escape clause will be deactivated, to begin a period of de-escalation of debt that has risen above the 60% of GDP threshold in most EU countries.

Borrell underlined that he will continue to defend this position whenever necessary and concluded his letter to the minister by assuring him of the European Union's solidarity with all its member-states and its continued support for the issue.

The European Commission stressed that despite the better than expected result in 2021, fiscal risks remain significant. Greek FinMin Christos Staikouras welcomes EU Commission's spring forecasts report.

The European Commission has been assessing the Patras-Pyrgos case for years, a stretch that had pulled out of the Olympia Odos contract at the beginning of the last decade, but the current leadership at the Ministry of Infrastructure has decided to reinstate it.

In a teleconference with the Competition Commissioner and Executive Vice President of the European Commission, Margrethe Vestager, the Minister of Environment and Energy, Costas Skrekas, called for faster procedures to approve the format of the new RES tenders.

Infrastructure Minister Kostas Karamanlis had announced that the expansion of the Western Regional Ymittos to Vouliagmeni Avenue would proceed as a public project. However, in recent weeks the ministry seems to have changed opinion.

The European Commission is expected to unveil next week its strategic plan for the establishment of bad banks at the national level, as revealed yesterday, Mairead McGuiness.