Greece
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privatizations

Privatization of Former Athens Airport will Go Ahead Despite Delays

The privatization of the former Athens airport at seaside Elliniko area will go ahead despite delays, the executive director of Greece's privatization fund told Reuters. The head of the Hellenic Republic Assets Development Fund (HRADF) Lila Tsitsogiannopoulou spoke to Reuters...

First Day of Greece-Creditors Negotiations Ends With No Results

The first day of negotiations on the bailout program review between Greece and creditors on Tuesday bore no results as the Greek side disagreed with the cost of the proposed measures and their implementation. The Greek ministers who participated in...

Greece Appoints Former Business Leaders to Run Privatization Fund

The Greek government on Friday announced the names of two former business leaders to head the new privatization fund, as required by the country's bailout program. Greece is to make the best use of its assets and speed up privatizations,...

Thessaloniki Port Tender in Process After Opposing Minister Leaves

The replacement of former shipping minister Theodoros Dritsas signified that procedures for the privatization of Thessaloniki Port Authority (OLTH) are restarting. The procedure for the privatization of OLTH has restarted, with binding bids for the Athens-listed corporation expected for January. Even...

Privatizations Take Too Long to be Completed in Greece

The sale of the Cassiope property in Corfu by the Greek State will be completed on November 9, four years and nine months after the privatization procedures began. NCH Capital will pay 23 million euros and will acquire 100% of...

Creditors' Technical Teams Arrive in Greece for Second Bailout Program Review

The technical teams of Greece's creditors arrived in Athens today (Monday) ahead of the second review of Greece's bailout program. The European Union mission chiefs will arrive on Wednesday and the International Monetary Fund representatives are due on Friday. The thorny...

Greek Gov't Rushes to Complete Second Bailout Program Review by November 7

The Greek government aims at completing the second bailout program review by November 7 by closing open issues such as labor law reforms and privatizations. On October 16, the team of creditors' representatives arrive in Athens for the second round...

Greek National Highway on Sale for €100 Million

Egnatia Odos, one of Greece's longest and newest national highways, is to be sold for 100 million euros, when its construction cost was 6.5 billion euros, according to a newspaper report. Efimerida ton Syntakton newspaper says that the privatization of...

Greece's Talks with Creditors Resume, Privatization Fund and Corruption First on Agenda

Negotiations on the second bailout program review between Greece and creditors resume Monday with the new privatization fund and corruption first on the agenda. The two sides will discuss the progress of the bailout program prerequisites with the Greek side...

Italian Company Sole Bidder for Greece's Railway Operator

Italy's state-owned company Ferrovie dello Stato Italiane S.p.A was the only bidder for the privatization of Greek railways operator TRAINOSE, according to HRADF. Hellenic Republic Assets Development Fund, Greece's privatization fund, announced in a statement on Wednesday: "The procedure for the submission...