October 11, 2023
Economy, FEATURED
Greece hopes to raise more than 5 billion euros ($5.29 billion) in 2024 from the sale of state assets including a stake in Athens airport and concession deals for two toll roads, a senior privatisation official said on Wednesday. The euro zone’s most indebted nation has since 2011 raised about …
Read More »
December 1, 2022
FEATURED, Greece, Politics
Hundreds of doctor and nurses gathered outside the Parliament on Thursday to protest the bill that privatizes a large part of services of secondary health care in the public hospitals in the country. The Federations of workers in public hospitals POEDIN demanded the immediate withdrawal of the “monster” bill, as …
Read More »
November 10, 2022
Economy, FEATURED
The Greek government has cancelled the privatization of the port of Alexandroupolis in Northern Greece, a process that had started already in 2017. The conservative government has now announced that the port is too important to be entrusted to a private investor. On Thursday, the board of directors of the …
Read More »
September 23, 2022
Economy, FEATURED
The port of Alexandroupolis in north-eastern Greece has grown in strategic importance as Washington strengthens military ties with the country. This has been to the detriment of America’s longtime ally, Turkey, as the authoritarian President Erdogan is increasingly distrusted by Western leaders. At the same time, the privatization of the …
Read More »
February 15, 2022
Economy
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 …
Read More »
December 10, 2021
Economy
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 …
Read More »
January 28, 2020
Economy
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 …
Read More »
December 11, 2019
Very Mix
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 …
Read More »
December 11, 2019
Economy
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 …
Read More »
September 11, 2019
Economy
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 …
Read More »
June 28, 2019
Economy
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 …
Read More »
February 22, 2019
Economy
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 …
Read More »
January 18, 2019
Archeology
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 …
Read More »
October 30, 2018
Uncategorized
Greece has privatized state assets worth over 8 billion euros from 2011 to the date, Executive President of Greek Privatization Fund TAIPED (HRADF) Aris Xenofos said on Tuesday. In an effort to sweeten the bitter pill of stripping the country off its assets by the creditors’ orders, Xenofos added that …
Read More »
October 29, 2018
Economy
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 …
Read More »
September 27, 2018
Economy
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 …
Read More »
February 24, 2018
Economy
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 …
Read More »
February 15, 2018
Economy
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 …
Read More »
December 22, 2017
Economy
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 …
Read More »
December 16, 2017
Economy
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 …
Read More »
