privatization

When the European Union (EU) and the International Monetary Fund (IMF) came to Greece's rescue in May 2010 with a 110 billion euro bailout loan in order to avoid the default of a eurozone member state (a second bailout...

China’s Cosco Group will obtain 67 percent of Pireaus Port (OLP) after the company submitted an improved offer of 368.5 million euros, (€22/per share) Greece’s privatization fund (HRADF) said in a press release. The group was the only company that...

Germany and the IMF appear to be unhappy with the Greek government’s pension reform plan, but details are still fuzzy. Greek Prime Minister Alexis Tsipras had been asked by Greece’s international creditors at the height of the crisis last summer...

The race for a controlling a stake in the Piraeus Port Authority (OLP) may not be that much of race after all. Cosco Pacific is the only country to have made an offer for 51% of OLP on Monday, Kathimerini newspaper reported. The company already...

Greece's privatization agency HRADF signed on Monday a contract with Germany's FRAPORT AG- SLENTEL Ltd to operate 14 regional airports. The contract concerns the airports of Thessaloniki, Aktio and Kavala as well as those of Corfu, Chania, Cephalonia, Zakynthos,...

The opening of the energy market, the privatization fund and the management of bad loans are the issues stalling negotiations between Greece and creditors. The issues need to be resolved by Friday night at the latest, otherwise Athens will be...

Greece will not go down on the price agreed on for the sale of 14 regional airports to German company Fraport, said HRADF head Stergios Pitsiorlas. The deal for the sale of state-owned airports of major cities and top tourist...

The privatization program is not likely to reach its revenues target for 2015, said head of the Hellenic Republic Asset Development Fund (TAIPED), Stergios Pitsiorlas. Pitsiorlas talked to Reuters saying that the privatization deals are progressing despite the pre-election period,...

The Greek government and the quartet of the country’s creditors on Friday agreed on the terms of setting up a new privatization fund which will replace the existing Hellenic Republic Asset Development Fund (HRADF), thus concluding a part of...

The British Guardian recently published an article about the new 50-billion-euro fund that will be set up to arrange privatizations in Greece. However, the reporters, Jennifer Ranking and Helena Smith, do not appear optimistic, about the plan, since they...