Tag Archives: privatization

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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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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Greece’s Transportation and Infrastructure Minister Christos Spirtzis criticized the German-Greek consortium Fraport Hellas that has leased 14 regional airports since the beginning of the year. “Fraport does not operate the airports better than the Civil Aviation, we have problems even with the cleanness in the toilets,” Spirtzis said in an …

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Four Seasons Hotels and Resorts and Astir Palace Vouliagmeni S.A. have announced plans to bring the first Four Seasons hotel to Greece on the Astir Palace peninsula. Following extensive upgrades to the existing hotel, the new hotel will debut as Four Seasons Astir Palace Hotel Athens in spring 2018. The luxurious complex in one of the most …

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Greece received six expressions of interest for the sale of a 66 percent stake in state natural gas grid operator DESFA, the country’s privatization agency (HRADF) said in a press release on Monday. The investor groups that responded to the tender are: -Macquarie Infrastructure and Real Assets Ltd -A consortium …

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Not one day passes without an extra charge, a one more charge that empties the Greek pockets and pushes thousands into poverty. Whether unemployed, low-pensioner, vulnerable group of the society, whether employee or entrepreneur, the nightmare of additional financial burden does not stop. Out of the blue, here comes an …

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Greek privatization fund  HRADF declared a German-led consortium comprising “Deutsche Invest Equity Partners GmbH”,  «Belterra Investments Ltd.» and «Terminal Link SAS» as the preferred bidder for the acquisition of  67% stake in Thessaloniki port, the second largest in Greece. Deutsche Invest Equity Partners is a German private-equity, Terminal Link is …

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Higher charges for passengers departing from the 14 regional airports operated by Fraport Greece go into effect as of April 11th 2017. In accordance with the provisions of the ratification law of the Greek state concession contract on departing passenger charges and with immediate effect as of April 11, 2017, …

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This is how privatization looks like: Greek banks lend the German state millions so it can buy Greek airports and modernize them. This is investment in the debt-ridden country. A consortium of financial institutions signed a long-term agreement worth approximately 1 billion euros with Fraport Greece to finance the 40-year …

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Greek Interior Minister – an Energy minister in first SYRIZA government – Panos Skourletis accused on Monday international lenders of reneging on a 2015 bailout deal by trying to force a fire-sale of its main electricity utility Public Power Corporation (PPC/DEH) to serve “domestic and foreign business interests.” Later, a …

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With 152 YES votes, coalition government lawmakers from left-wing SYRIZA and nationalists Independent Greeks approved the privatization of the water companies in Athens and Thessaloniki. Replying to sharp criticism form opposition parties and the society, the government insisted that “indebted state-run enterprises would hardly find an investor” and that the …

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Greece’ utility companies but also the Metro and other state companies will be trasnferred to the new Privatization Fund to go under the hammer so that the Greek government can receive the €2.8 billion bailout tranche. A multi-bill containing 15 prior actions is to be submitted to the Parliament today, …

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Greece accepted on Thursday a 45-million-euro (£37.5 million) bid submitted by Italy’s state railways for its state rail company TRAINOSE, Greek state media reported. Italy’s state railways Ferrovie dello Stato [IPO.FERR.MI] last week submitted the sole binding bid for TRAINOSE, which is being sold under the government’s privatisation programme. The …

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I can’t help to reckon an old Greek sales slogan: “The boss went nuts!” Retailers used it when they offered their products at ridiculously low prices. Of course, I don;t want to imply that Greece’s Defense Minister Panos Kammenos will offer all properties of the Ministry – estimated worth €35 …

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The story of a traditional Greek madness, of an example how the public money is been wasted. For unknown reasons the state buys a real estate from a private  company, it keeps the building unused and empty, for several years, it refurbishes and privatizes it in order to fulfill creditors’ …

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The privatization of Greek Railways TRAINOSE is developing into a Russian-American race as companies from both countries have expressed interest on the sale of 100% of TRAINOSE . Hellenic Public Assets Development Fund, the Greek Privatization Fund (TAIPED) has set the deadline for bid submissions for December 3rd. A delegation …

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The biggest privatization case is not lost. German state-run enterprise FRAPORT expressed confidence that it can indeed sign the contracts for the privatization of 14 regional Greek airport in a couple of months. The deal that was threatened to go bust in August when the German partner of the German-Greek …

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I know, I know. And the Greek government ministers know it. That by signing the July and August3. bailout agreements, Greece committed to privatize everything that belongs to the state and has the privilege to stand, swim or crawl in Greece. But now, a week after the elections, Energy Minister …

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“This meeting is very important for the Greek-Russian relations, it is the begin of a new spring,” Prime Minister Alexis Tsipras said during the joint press conference with Russian president Valdimir Putin. In fact, Tsipras mentioned the word “spring” three times during his joint appearance with Putin. Both leaders assured …

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Power cuts are expected it various areas of Greece and at various times as unionists of Public Power Company (DEH) launched their strike and switched off  13 electricity producing units. According to DEH and DEDHE (Power Distribution System) there will be power cuts of “maximum one hour” during  daytime in …

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