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privatization

Fraport Aims for Increased Passenger Traffic in 2017 at 139th IATA Slot Conference

According to sources in the international transport industry, Fraport Greece attracted a high level of attention at the 139th IATA Slot Conference, held in Atlanta, Georgia, USA. This conference allows representatives of airports, airlines and national air-traffic agencies to meet...

Thessaloniki Port Authority's Privatization Project Back on Track

After refusing to sign concession contracts resulting in stalling the privatization procedures of the Thessaloniki Port Authority (OLTH) for over two months, Shipping Minister Theodoros Dritsas is out of a job. Dritsas' departure from his post has officials close to the...

China's State Grid Submits Winning Bid for 24% Stake in ADMIE

Greece’s power utility PPC announced on Wednesday that China’s State Grid Corporation has submitted the winning bid for a 24 percent stake in grid operator ADMIE, offering 320 million euros. The other candidate was a consortium led by Italy’s Terna. PPC’s...

ESM Board of Directors Approves 2.8 Bln Euro Disbursement to Greece

The Board of Directors of the European Stability Mechanism (ESM) today authorized the disbursement of 2.8 billion euros to Greece, which is the remaining amount of the second tranche of ESM financial assistance. “Today’s decision to disburse 2.8 billion euros...

Italian and Chinese Companies Make Bids for Sale of 24% Stake in ADMIE

Greece received two binding bids for the sale of a 24 percent stake in power grid operator ADMIE on Friday, the final day for the submission of a bid, an energy ministry source said. The two companies are Italian power...

Parliament Approves Transfer of 5% Stake in OTE to Privatization Agency

Parliament has approved an amendment which transfers five percent of the State’s share in telecom company OTE to the country’s privatization agency, a prior action required for the disbursement of the final sub-tranche of Greece’s loan. The amendment was included...

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...