Greece
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privatizations

Greek Parliament Ratifies Piraeus Port Majority Stake Sale to Chinese COSCO

Greek parliament on Thursday ratified the sale of the majority stake of Piraeus Port to China's COSCO, a day prior to the departure of Prime Minister Alexis Tsipras for Beijing for an official visit. The vote in parliament came one...

Minister: Greece can Offer Geopolitical Boost to Foreign Investors

Greece's location in the Mediterranean can offer foreign investors a geopolitical boost, said Deputy Foreign Minister Dimitris Mardas. The deputy minister spoke to CNBC during the St Petersburg International Economic Forum (SPIEF), stressing the importance of Greece's strategic location in bringing...

EWG Gives Greece 24-Hour Deadline to Comply with Bailout Actions

The  Euro Working Group (EWG) meeting on Monday gave the green light for the disbursement of a 7.5-billion-euro bailout tranche to Greece provided that loose ends are tied up by Tuesday. The decision, based on a compliance report compiled...

Monday's Euro Working Group to Decide on Greece's Loan Tranche

The Greek government is rushing to close all pending bailout program prerequisites until Monday, when the Euro Working Group will decide whether to give the green light for the disbursement of the much-needed  loan tranche. In addition the completion of...

Guardian: 71,000 Greek Islands, Historic Sites and Hotels for Sale

  The Greek government is putting up for sale 71,000 properties such as airports, hotels, spas, beaches, marinas, golf courses, and Olympic properties in order to boost its ailing economy, a Guardian report says. Stergios Pitsiorlas, head of the newly established...

Tsipras Speaks of Growth While Companies Shut Down One After the Other

  One month ago it was Elektroniki Athinon, the biggest Greek owned appliance chain, yesterday it was Athens Ledra Hotel, former Ledra-Marriott, today it is Pyrsos Security, all big and respected names in their respective sectors. They all shut down,...

Greek State Sells "Astir Palace" to Arab-Turkish Fund

Greece’s privatization agency announced on Sunday it signed a 400 million euro deal with Jermyn Street Real Estate Fund to sell luxury resort Astir Palace. The Hellenic Council of State, Greece's Supreme Administrative Court, had blocked the sale of the...

Greek Gov't, Parliament Must Create Conditions for Investments, Growth, Says Hedge Fund Manager

It is up to the government and the parliament to form consensus on major issues and create the appropriate conditions that will unleash the entrepreneurial spirit of the Greeks, that will attract investment and increase employment, American hedge-fund manager...

Greek Govt Has to Take Several Laws Back or Receive Revenues from Equivalents

The Greek government has to take back bills and amendments that were unilaterally decided after the February 20 bailout extension agreement was signed. One of the creditors' many requirements attached to the new bailout package says that "with the exception of...

EU's Moscovici: Progress in Greek-EU Negotiations as Time Is Running Out

European Economic and Monetary Affairs Commissioner Pierre Moscovici reported on Monday significant progress in the negotiations between Greece and its EU partners, adding however that time is running out. “We are making substantial progress and progress in substance,” he told...