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privatization

Possible Merger of Athens and Thessaloniki Water Utilities

Water utilities of the two largest cities in Greece may merge. Athens Water Supply & Sewage Co. (EYDAP) and Thessaloniki Water Supply & Sewage Co. (EYATH) may become one company after efforts for their privatization were halted by legal obstacles...

14 Regional Greek Airports to Be Privatized

Fourteen regional airports in Greece are expected to pass to private companies in the next two months, according to the Hellenic Republic Asset Development Fund (HRADF) schedule. The transfer of management from the state to private owners will have a...

Samaras Calls for Acceleration of Privatizations

In a meeting that included Government Vice-President and Foreign Minister Evangelos Venizelos, as well as Greek Finance Minister Gikas Hardouvelis on Monday, Prime Minister Antonis Samaras set the issue of accelerating privatizations. Hardouvelis went to the Prime Minister immediately after concluding a 3.5 hour-long meeting with...

Opposition Leaders to Meet Over "Small PPC"

Opposition parties on Thursday agreed to a proposal by main opposition Radical Left Coalition (SYRIZA) party leader Alexis Tsipras to meet on Monday over the possibility of calling for a referendum against the Public Power Corporation's (PPC) privatization. Tsipras' initiative...

Greek Electricity Workers Announced Strikes from Wednesday

The employees of Greece's state-controlled power utility PPC have announced that they will proceed with rolling strikes starting from Wednesday, July 2 in response of the Greek government’s controversial privatisation plans.  Stamatis Relias, the head of PPC's biggest trade union GENOP-DEH, reported that the union...

Libération: Greece Selling to Lighten Debt

The French newspaper Libération published a double page spread dedicated to the privatization efforts by the Greek government that are implemented under the pressure of the troika and in the face of people’s indignation. “Greece is selling whatever it can...

Coastal Development Bill Receives International Condemnation

The coastal development bill submitted to parliament by the Greek Finance Ministry has received international condemnation. The bill for the “definition, management and protection of beaches and shorelines,” lifts all current restrictions on the maximum area designated for beach concessions...

Greece to Sell Disused Olympic Facilities

The Greek privatization fund TAIPED (Hellenic Republic Asset Development Fund) is to undertake the sale of the disused Olympic facilities in Athens, construction of which cost more than 577 million euros. The total cost of the construction was based on data from Greece’s...

Chinese Consortium Interested in Purchasing Athens Int'l Airport

The Chinese consortium consisting of Friedmann Pacific Asset Management Ltd (FPAM) and Shenzhen Airport (Group) Co announced their interest in becoming the principal shareholders of the Athens International Airport Eleftherios Venizelos and taking over the management. FPAM’s CEO, Eric Cheng...

Greece's Port Workers On Strike

The workers in ports across Greece proceeded with a 24 hour strike today Wednesday, February 26, reacting to the privatization of the Piraeus Port Authority (OLP), the country's largest port. The Hellenic Federation of Port Workers gathered this morning at the...