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HRADF

Privatization Agency Denies Reports on New Concession Deal for Athens Airport

The head of Greece’s privatization agency (HRADF) on Monday dismissed media reports claiming the agency has started negotiating a 20-year extension of the concession agreement with the managing company, Athens International Airport S.A. (AIA), which will be paid for...

Seaplanes Routes Over Ionian Sea To Be Launched Summer 2016

The Infrastructure, Transport and Networks Ministry and the Shipping and Island Policy Ministry in cooperation with the Hellenic Republic Asset Development Fund (HRADF) are planning to grant licenses for the construction of waterways on the islands of Paxoi, Zakynthos,...

Greece to Open Offers for Piraeus Port on Tuesday

Greek authorities will open financial offers submitted in a tender to buy 67% of Piraeus Port Organization on Tuesday, a process characterized as the country's biggest challenge so far in its drive to put Greece again on the map of international...

Greek State Sells "Astir Palace" to Arab-Turkish Fund

Greece’s privatization agency announced on Sunday it signed a 400 million euro deal with Jermyn Street Real Estate Fund to sell luxury resort Astir Palace. The Hellenic Council of State, Greece's Supreme Administrative Court, had blocked the sale of the...

HRADF Signs Contract with Fraport

Greece's privatization agency HRADF signed on Monday a contract with Germany's FRAPORT AG- SLENTEL Ltd to operate 14 regional airports. The contract concerns the airports of Thessaloniki, Aktio and Kavala as well as those of Corfu, Chania, Cephalonia, Zakynthos,...

Russia το Pull Out of Greek Railways Bid

Russian Railways (RZD) has proposed to its main shareholder, the Russian state, to pull out of the tender process for Greek railway companies TRAINOSE, according to Russian News Agency RIA Novosti. The sale of TRAINOSE is part of Greece's privatization program...

Greece Will Not Go Down on Price of Regional Airports

Greece will not go down on the price agreed on for the sale of 14 regional airports to German company Fraport, said HRADF head Stergios Pitsiorlas. The deal for the sale of state-owned airports of major cities and top tourist...

Greece to Miss the 2015 Privatization Revenues Target

The privatization program is not likely to reach its revenues target for 2015, said head of the Hellenic Republic Asset Development Fund (TAIPED), Stergios Pitsiorlas. Pitsiorlas talked to Reuters saying that the privatization deals are progressing despite the pre-election period,...

Greece, Creditors Agree on Creation of New Privatization Fund

The Greek government and the quartet of the country’s creditors on Friday agreed on the terms of setting up a new privatization fund which will replace the existing Hellenic Republic Asset Development Fund (HRADF), thus concluding a part of...

Greece Raises 10.3 Million Euros from State Property Sales

Six properties sold through the electronic platform "e-publicrealestate" have brought the Greek state upwards of 10,325,000 euros, the state's privatization agency HRADF said on Tuesday. The sale price was 14% higher than corresponding starting prices, the report adds. Another three...