privatization
Greece
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...
Greece
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...
Economy
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...
Energy
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...
Energy
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...
Economy
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...
Environment
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...
Economy
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...
Business
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
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...