Greece
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TAIPED

Greece is Selling 2 State-Owned Prime Properties in New York and Washington DC

Greece is selling two state-owned prime real estate properties in New York City and Washington DC as part of a privatization program required by the third bailout agreement, according to mignatiou.com. The Press and Information Office in New York City...

Greek Anarchist Group Allegedly Breaks Into TAIPED Offices

A group of people, who are allegedly members of the "Rouvikonas" Greek anarchist group, broke into the offices of the Hellenic Republic Asset Development Fund (TAIPED) on Monday morning. An online post on the Greek website indymedia.gr, which claims to have...

TAIPED Changes Conditions of the Thessaloniki Port Authority Acquisition

On Thursday, the Hellenic Republic Asset Development Fund (TAIPED) announced a change in the conditions of the ongoing tender process for the acquisition of the majority of the share capital of the Thessaloniki Port Authority in Northern Greece. The tender process for the Thessaloniki Port...

Greece to Miss the 2015 Privatization Revenues Target

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,...

Greek FinMin: Deal with Lenders Possible by August 20

Greek Finance Minister Euclid Tsakalotos said on Tuesday that based on the progress of the negotiations with Greece ’s lenders, an agreement could be achieved by August 20. Speaking after the completion of the first part of the negotiations with...

SYRIZA to Freeze Privatizations

The Productive Reconstruction, Environment and Energy Minister Panagiotis Lafazanis is currently promoting a bill that would invalidate the privatization of DEI (Public Power Corporation of Greece) and the sale of ELPE (Hellenic Petroleum). Specifically, the bill is: Canceling the law on...

Technical Chamber of Greece: True Value of 'Elliniko' Is 3 Billion Euros

Elliniko was sold for a whopping three times less than its true value, according to a report published by the Technical Chamber of Greece (TEE) at a special open event. The value of the 6,200 acres of the former Athens...

Privatization Fund Receives Offers for 14 Regional Airports

TAIPED, Greece ’s privatization fund, announced Friday that it had received three offers from consortia seeking rights to use, operate and manage 14 Greek regional airports. The three consortia that submitted offers were Corporation America S.A. in cooperation with METKA,...

China Reaffirms Interest in Majority Stake of Athens Airport

  The Chinese consortium Friedmann Pacific Asset Management (FPAM) and Shenzhen Airport reaffirmed their interest in buying a majority stake in the Athens International Airport at a meeting held on Thursday, July 3. During the meeting, attended by Development and Competitiveness Deputy...

Hellenic Post Buyers Line Up

A privatization push to unload state enterprises under pressure from international lenders now has Greece's postal system, Hellenic Post (ELTA) on the block, with prospective buyers looking for a takeover despite another delay. The Troika of the European Union-International Monetary...