The government will offer another 90 million euros (in addition to the initial funding) to the country’s municipalities in order to address the energy cost problem, government spokesperson Giannis Oikonomou posted on Twitter on Friday.
Public Power Corporation, Greece’s biggest power utility, and J.P. Morgan have agreed to amend terms in a deal for the securitization of overdue bills up to two months, PPC said this week.
Alternate Finance Minister Thodoros Skylakakis said on Thursday the government has issued its initial approval for business loans offered through the Recovery and Resilience Fund amounting to 1.9 billion euros.
Cyprus’ international investment position (IIP) recorded a small improvement at the end of first quarter of 2022, while its net external debt was down 2.23 billion euros, despite the deterioration in the current account balance.