Greece
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privatization

Cosco Announces Short and Long-Term Plans to Expand Port of Piraeus and Boost Tourism

On Monday the chairman of China's Cosco, Xu Lirong, made announcements that came as a welcome gesture to the tourism sector, according to Reuters. It was announced that there are plans that will be implemented both short-term and long-term, to extend...

Greek MPs Vote in Favor of Omnibus Bill on Privatizations

Greek Lawmakers voted in favor of the omnibus bill of prior actions on Tuesday that were passed by relevant parliamentary committees the day earlier. After a heated debate, 293 MPs voted on the law with 152 in favor and 141 against the omnibus...

Bill for Elliniko Deal Expected to be Voted on in Parliament by Month's End

After 22 months following an agreement between the consortium of Lamda Development and the Greek state was signed, the concession contract for the former Elliniko airport is set to go through ratification in Parliament, ekathimerini.com reports. The bill, which notes...

Energy Minister Skourletis Against Selling of 17pct of PPC

Greek Energy Minister Panos Skourletis stated clearly that he is against the selling of 17 percent of the PPC (Public Power Corporation) adding that this is also the government's position, in an interview with Real News Sunday newspaper. Referring to the amendment...

Trainose Sold to Italian Company for too Low a Price

Italian railways will buy Greece's rail company Trainose after Athens accepted the group's 45 million euro ($50 million) bid. Filippos Tsalidis, managing director of Trainose, told the Athens News Agency (AMNA-MPA) on Wednesday that the "company has paid for sins...

Greece's TRAINOSE Sold for 45 Mln Euros to Italian Railway

The Greek rail operator TRAINOSE will be fully acquired by the Italian railway Ferrovie Dello Stato Italiane S.p.A for 45 million euros. The Hellenic Republic Asset Development Fund (HRADF) announced that Ferrovie's binding offer for a 100 percent stake in...

Greek Rail Strike from Friday July 8 Until Tuesday July 12

Rail services in Greece will be suspended from Friday July 8 until next Tuesday July 12 due to strike action by TRAINOSE workers. The strike will affect trains throughout Greece, including the Proastiakos service that runs to Athens airport....

Tsipras Points to COSCO Deal As a New Phase for Greece

Greek Prime Minister Alexis Tsipras signed a deal with Chinese shipping giant COSCO on Monday in an effort to "help the country stand on its feet." Addressing a business forum in Beijing, Tsipras said that "we are sending a...

'No' to Privatisation of Urban Transport, Says Transport Min Spirtzis

In an interview with ANA-MPA, Infrastructures, Greek Transport and Networks Minister; Christos Spirtzis spoke about three draft bills for public works and public contracts. Spirtzis said he is firmly against the privatisation of public transport. "This will not happen" he noted adding that...

Greek Aviation Workers Suspend Strike Following Talks with Government

Greek civil aviation workers have decided to suspend their planned 5-day strike that was to take place from June 20 to 25 following talks with the government. The aviation workers were set to protest against new developments of the country's regional airports. Fear...