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Tag Archives: privatization

HRADF launches tender for the mega yachts marina on Corfu island

The Hellenic Republic Asset Development Fund S.A. (HRADF), a member of the HCAP Group, proceeds with developing the mega yachts marina in Corfu in the framework of its strategy for highlighting assets with a strong local footprint and enhancing tourism development and growth. The licensed mega yachts marina is located …

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HRADF completes transaction of Afandou Golf property on Rhodes for 26.9 million euros

Hellenic Republic Asset Development fund HRADF on Thursday announced the completion of the Golf-North Afandou property conveyance on the island of Rhodes to MA Aggeliades Hellas. The HRADF’s CEO Dimitris Politis, and legal representative of MA Aggeliades Hellas George Mylonogiannis signed the closing memorandum of the transaction with the payment …

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“War” between Trainose and Goldair over Greece’s privatized rail market

The first “clash” between rival rail transport providers in Greece’s post-privatization era has erupted between Trainose, owned by Italy’s Ferrovie dello Stato, and a consortium comprised of Goldair and Austrian Federal Railways. In a lengthy letter of protest, Rail Cargo Logistics Goldair charges that Trainose’s actions aims to choke off competition in Greece’s …

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Riot police fires tear gas at hospital doctors protesting privatization of Health

Greek riot police fired tear gas at hospital doctors in downtown Athens on Wednesday. During the clashes between protesters and police, an elderly person fainted. the clashes started when unionists of the Hellenic Association of Hospital Doctors of Greece (OENGE) tried to enter the hall in Aigli Zappeion where the …

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Investment Minister: “We privatize everything,” Greece turns into “hot spot for investors”

Development and Investment Minister, Adonis Georgiadis, publicly admitted that the government of New Democracy intends to privatize everything in Greece. Speaking at Capital Link’s 21st Annual Forum on Investing in Greece, the Minister did not leave room for misinterpretation. He assured the audience, US investors, that the government’s sole aim …

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Greece takes “immediate action” for the sale of 30% stake of Athens International Airport

The Greek Government Council on Economic Police has decided on Wednesday to take immediate action for the sale of a 30% stake in the Athens International Airport “Elfetherios Venizelos.” The stake is owned by the privatization fund the Hellenic Republic Asset Development Fund (HRADF). Instructions were given to the HRADF …

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Privatization Fund launches tender for 30% stake in Athens Airport

Greece’s privatization fund, the Hellenic Republic Asset Development Fund, has invited interested parties to submit expressions of interest to participate in an international tender process for the acquisition of a 30% stake in Athens International Airport SA (AIA). According to a HRADF statement published on June 28, the tender process …

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Greek parliament approves bill facilitating privatization of 10 regional ports

A bill allowing private investors concession contracts at 10 Greek ports was submitted by the Greek Shipping Ministry and approved by the Parliament on Thursday. The bill concerns the ports of Alexandroupolis, Volos, Rafina, Igoumenitsa, Patra, Heraklion, Elefsina, Lavrio, Corfu and Kavala and establishes a new model for exploiting their …

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Knossos, Royal Tombs of Vergina among 587 monuments Greece will privatize

The archaeological site of Knossos, the Archaeological Museum of Herakleio and the bastions of the Venetian Castle, the Castle of Chios, the Acropolis of Sparta, the Tomb of Leonidas, the island of Spinaloga, the White Tower of Thessaloniki, the Akrotiri on Santorini, the Byzantine Castle of Trikala , the Firka …

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Greece to privatize another 23 regional airports mostly on the islands

Greece has opened the way for the privatization of another regional airports, 23 in total. The airports are mostly located on islands in the Aegean Sea, several in mainland and two in Peloponnese. The relevant decision by the Ministry of Transport and Infrastructure has been published in the official gazette …

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Greece Privatization Fund to sell 30% stake in Athens International Airport

Greece’s Privatization Fund will proceed with a tender to sell a 30 percent stake in the Athens International Airport (AIA) early next year, its head said on Wednesday. The privatisation agency holds a 30 percent stake in the airport, with the government owning another 25 percent. The rest is held …

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Full privatization of water companies in Athens & Thessaloniki cancelled

The full privatization of water companies EYDAP in Athens and EYATH in Thessaloniki has been cancelled. Only a percentage of stakes will be sold to private investors, while the majority will remain to the state; it has already returned to the state from the Greek Privatization Fund HARDF. The procedure …

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Greece opened tender for 5% sale of telecom giant OTE

The Hellenic Privatization Fund (HRADF) announced an international tender for the sale of 24.5 million ordinary shares by telecom giant OTE, which represent 5% of the company’s capital. Athens expects bids from interested investors by March 15, 2018, it is clear from a news release on the Fund’s website. The …

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Port of Thessaloniki privatization agreement finally signed

The agreement for the sale of 67 percent of Thessaloniki port to South Europe Gateway Thessaloniki (SEGT) Limited was signed at the offices of the Hellenic Republic Asset Development Fund (HRADF) on Thursday afternoon. The agreement was scheduled to be signed last week, however, it was postponed as the Russian …

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Privatization of Thessaloniki Port postponed as Russian guarantor bank gets bailout

Greece has had to postpone the signing of a deal to sell a majority stake in its second-biggest port after the Russian guarantor bank, Promsvyazbank, was placed under temporary administration and was practically nationalized by the Centrla Bank of Russia. Odd that the US Ambassador to Athens had criticized the …

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Lamda Development warns Greek State over obstacles in Hellinikon investment project

Just hours after Eldorado Gold announced it suspends it Skouries project in Northern Greece, another big investor, the Lamda Development, warns the Greek government over violation of terms of the agreement in Hellinikon investment project. In a statement issued on Friday, Lamda Development states that the unconventional decision of the …

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More hurdles ahead for Helliniko privatization project in Athens

Greece’s Culture Minister has reportedly signed off on a decision by the influential Central Archaeology Council (KAS) designating 28 hectares of land at the former Athens airport as entailing “archaeological interest”. The disused Athens airport and adjoining tracts of land comprise the landmark Helleniko project, billed as the biggest real …

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Italian Ferrovie buys Greek TrainOSE, a day after €692mn debt is written off

Ferrovie Dello Stato Italiane S.p.A. on Thursday signed an agreement to buy 100 percent of Greece’s railways TrainOSE for 45 million euros. The signature ended a four-year tender process and opening a new page in the Greek railways’ future. The signatures fell a day after TrainOSE’s  692-million-euro debt to state-owned …

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