Political Developments and Business Deals in Greece

The behind-the-scenes of a PASOK official's resignation, proposals for the revision of Article 86 of the Constitution, developments in the water sector, and trends in the shipping industry were at the center of political and economic news.

PASOK Official's Resignation: The resignation of Tasoula Chatzidaki from PASOK, due to accusations by the National Transparency Authority, sparked discussions regarding the control of the party's officials.

Constitutional Revision: Deputy Minister of Justice Giannis Bougas proposed the revision of Article 86, with a mandatory preliminary investigation by senior judges for cases involving political figures.

Business Deals in the Water Sector: The partnership between AKTOR and SUEZ, and the negotiations between Veolia and "Μεσόγειος" signal activity in the water management sector, ahead of EYDAP projects worth €2.5 billion.

Shipping Industry: Thanasis Martinos highlighted the strategic value of the Greek-owned fleet, while Aristidis Pittas emphasized the need for flexibility in shipping investments. Simultaneously, shipowners are increasing orders for ship constructions.

Activation of EuRep: The European Central Bank announced the expansion of the Eurosystem Repo Facility (EuRep) as a risk mitigation mechanism against monetary disruptions.

Cenergy Holdings: New contract for Hellenic Cables with DEME for an offshore wind project in Poland.