Greece
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Privatisation

S&P Keeps Greece at B+ Rating

Expectations for the upgrading of Greece by Standard & Poor's (S & P) were not confirmed, as the rating agency kept Greece at a B+ rating. Although, the Greek market and the investment community anticipated an upgrading, S & P...

Meeting Decides Against Giving Egnatia Highway to New Privatisation Fund

The Egnatia toll road spanning northern Greece will not be given to the new Privatisation Fund that is to be set up in Greece, a meeting held at the government's headquarters decided. The meeting, attended by ministers and Egnatia...

Court of Audit Gives All-Clear to TRAINOSE Privatization, Sources Say

The Court of Audit has given the all-clear to proposed privatization of the Greek trains operator TRAINOSE, sources within the Hellenic Republic Asset Development Fund (HRADF) said on Monday. According to the sources, the terms set by the Court of...

Tsakalotos, Stathakis Meet with Bank Managers Over ADMIE Sale

The actions needed to ensure the timely conclusion of the privatisation of the country's power grid operator ADMIE were discussed in a meeting between Finance Minister Euclid Tsakalotos, Environment and Energy Minister Giorgos Stathakis, along with the management of Greece’s...

Draft Bill on Prior Actions Needed for 1-bln-euro Bailout Tranche Tabled in Parliament

A draft omnibus bill legislating for the prior actions and milestones Greece must implement in exchange for a 1.0-billion-euro tranche of bailout loans has been tabled in Greek Parliament, following an agreement reached with Greece's creditors late last week. The...

Samaras Criticizes Government for Stance on Airport Privatization

Former Prime Minister Antonis Samaras criticized the Greek government harshly for having accused his then-government of “selling out” on the issue of privatizations by trying to sell some of Greece's regional airports, when current premier Alexis Tsipras is now...

SYRIZA Leads New Poll; Support for Euro at 71%

Greek Prime Minister Alexis Tsipras and the ruling coalition's leading party SYRIZA retained a clear lead over the opposition, according to a poll conducted by Public Issue and published in the Sunday edition of the newspaper "Avgi". Estimated voter support...

Greek Economy Minister: Deal Soon for Greece

An agreement with the lenders is expected to be reached in the Holy Week, Greek Economy Minister George Stathakis told SKAI TV on Wednesday. "I take it for granted that the agreement will close soon and will lead to the disbursement of...

Greek Govt Expects 3.7 Bln Euros in Revenues from Reforms Package

The Greek government expects 3.7 billion euros of revenues from the introduction of a reforms package currently discussed with the country’s creditors in the Brussels Group. The reforms include, among others, the introduction of taxes on Greek citizens’ deposits abroad –...

China Expresses Concern Over Greek Gov't Plans to Halt Piraeus Port Privatization

China’s Commerce ministry expressed its concerns over the Greek government's intention to halt the privatization of Piraeus Port Authority, which China’s COSCO group had bid for. “We were informed by press reports that the new Greek government on January 28,...