privatization
Economy
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...
Economy
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...
Economy
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....
Economy
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...
Economy
'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...
Greece
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...
Greece
Gov't MP: Greece Can Survive 99 Years of Privatizations As it Survived Turkish Slavery
Leftist SYRIZA deputy Anna Vagena compared Greece's future to the Turkish Occupation of Greece during her interview with private radio station, Stigma 97.6. "We are not afraid of 99 years of privatizations," she said. "Greece endured 400 years of...
Economy
Piraeus Port Workers Prepare for Continuous Strike Over Privatization
Piraeus Port workers' unionists are preparing for a continuous strike in protest of the port's privatization and the new labor law that allows mass layoffs.
The unionists have decided to start repeated 48-hour strikes on Monday. Docks II and III...
Economy
European Parliament Member Roberto Gualtieri Impressed With Greece’s Progress on Reforms, but Rules Out Debt Write-Off
A visit to Greece by European Parliament representatives in order to oversee the “democratic implementation” of the new bailout agreement was completed today, with the head of the group, Mr. Roberto Gualtieri, describing it as “positive and successful.”
The mission...
Economy
Privatization of Piraeus Port Will Produce Major Economic Benefits, According to IOBE Study
Greece’s Foundation for Economic & Industrial Research (ΙΟΒΕ) has just released a study regarding the economic effects from the controversial privatization of Piraeus port.
According to the study, tilted appropriately “Economics Effects From the Privatization of Piraeus Port,” some 500...