Greece
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privatization

Greece Will Keep €3B Privatization Promise, Says Official

Greece will maintain its plan to privatize many industries even after it leaves the bailout program in August this year. The Hellenic Corporation af Assets and Participations’ head, Rania Ekaterinari, told the Reuters news agency on Thursday that Greece would...

Greece Signs 20-Year Extension Contract for Athens International Airport Concession

Greek authorities and Athens International Airport signed a contract to extend a concession contract for Eleftherios Venizelos airport by 20 years (to June 11, 2046). The agreed price is 600 million euros, including VAT, while the net revenue for the...

Foreign Companies Express Interest in Greek Gas Grid

Six companies express interest for the 66 percent stake in Greece's natural gas grid operator DESFA, the country's privatisation agency said on Monday. The interested investors are: Macquarie Infrastructure and Real Assets; a consortium of Italy's Snam, Belgium's Fluxys, Dutch-based...

State Minister Rejects Reports on Sale of Former EAT-ESA Building

The building where the former headquarters of the infamous Special Interrogation Sections of the Military Police (EAT-ESA) was housed will not be sold through the privatization fund but will be turned into a museum, State Minister Alekos Flambouraris said. “Not...

Hurdles for Elliniko Project Continue: Piraeus Forestry Authority Declares 3.7-hectars Protected Woodland

On Thursday the Piraeus forestry authority declared 3.7-hectars of the old Elliniko airport plot as protected woodland that cannot be built on - throwing yet another setback in the construction at the Elliniko project. In specific, builders are concerned with...

Three companies Submit Improved Bids for Thessaloniki Port's Privatization

Greece’s privatization fund HRADF announced on Friday it has received three improved binding financial offers for the acquisition of a 67 percent stake in Thessaloniki Port Authority SA (OLTH). The improved financial offers were submitted by: - International Container Terminal Services...

New Single Airport Modernization and Development Levy Will Apply to Children

From next month on, the levy that applies to passengers' tickets who fly to Greece from outside of the Schengen zone will be the same as those flying within the bloc, however, the levy will also be applying to...

Fraport Greece Signs 30-Year Contract With Dufry for Duty Free Shops

Fraport Greece and Duty Free Shops signed a 30-year contract for Greece's 14 regional airports to be managed by Fraport. Under the contract, Fraport Greece will more than double the space of commercial area from 5,000 sq.m. to more than...

UPDATE: Union Announces Public Transport Workers Will Add Two More 24-Hour Strikes Next Week

In additional to the 24-hour strike that the public transportation workers for the ISAP railway and tram announced for this Thursday, the union has now added two 24-hour strikes next week. The announcement came from a union representing the fixed-track transport...

Piraeus Bank Announces Completion of Sale for Subsidiary in Cyprus

On Thursday Piraeus Bank announced the completion of the sale of a stake held in its subsidiary in Cyprus, Piraeus Bank Cyprus Ltd, to Holding M. Sehnaoui SAL for 3.2 million euros. In an announcement, the bank said that the...