Thursday , October 6 2022
Home / Tag Archives: privatizations

Tag Archives: privatizations

Greece’s Sites and Museums staff on 24h strike due to privatization plans

Unions of workers at Greece’s archeological sites and museums have called for a 24-hour strike to protest the trasnfer of several public museums and sites to the country’s Privatization Fund. The strike is scheduled for 11. October 2018. The protest is likely to close the ancient Acropolis in Athens that …

Read More »

Greece is rushing to meet privatization targets before bailout deadline

Greece is in a hurry to sell some of its state assets, in what is one of the most critical issues for the country as it races to end a bailout program in August. Greece is set to hit lower-than-expected proceeds under a privatization program this year, after it failed …

Read More »

Presidential decree gives green-light to Hellinikon Project in old Athens airport

A presidential decree giving the go-ahead to the development of Hellinikon south of Athens was signed by four ministers in charge of the investment on Friday, in the presence of Prime Minister Alexis Tsipras. The decree will need to be reviewed by the Council of State “within 2017, exactly as …

Read More »

Third review: Greece’s creditors in Athens to discuss fiscal targets, privatizations, energy

Greece’s top creditors returned to Athens on Monday for meetings and talks with the Greek government. Aim is to proceed with the third review of the Greek program and conclude the procedures by the end of the year. The first meeting on fiscal matter took place with Alternate Finance Minister …

Read More »

Increased Israeli interest to invest in Greece’s privatization program, energy, tourism

The environment, energy, tourism and real estate sectors reportedly dominate interest by Israel-based investors eyeing business prospects in Greece, according to reports. Greece’s embassy in Israel has mostly fielded requests by local companies interested in an ongoing privatization program in the still bailout-dependent country. Solid and liquid waste management, a …

Read More »

Monster Midterm Plan 2018-2021 in Greek Parliament, austerity €4.9billion

The omnibus bill and midterm plan for 2018-2021 has been submitted to the Greek Parliament. The relevant parliamentary committees are to examine 941 pages containing measures for fiscal targets and so-called reforms, the mid-term fiscal strategy framework and other provisions, before the plenary will vote it on Thursday, May 18 …

Read More »

Greece’s new Privatization Fund & the Vanity of Schaeuble’s Wishes

The “Hellenic Company for Assets and Participation” (EDIS) is the name for the new  Privatization Super-Fund that will claim ownership of all assets of the Greek state including 70,000 real estate properties, all major state-run enterprises like utility companies (electricity, water) and public transport (buses, metro etc), state shares in …

Read More »

FRAPORT sees €1.23bn offer for privatization of Greece’s regional airports as “basis for negotiations” (!!!)

Yesterday, we “celebrated” the Greek government decision to seal the deal and give the privatization of the country’s top 14 regional airports to German-Greek consortium Fraport-Slentel. Yesterday, we welcomed German state-run enterprise FRAPORT for ‘helping  Greece’ as some German media underlined. Today, FRAPORT seems to reconsider the offer it made …

Read More »

Privatizations in Energy sector cause rift in Greek government

Energy Minister Panagiotis Lafazanis declared absolute negative towards privatizations in Greece’s energy sector. “There is not going to be any privatization in DEH [Public Power Company] in DEPA [natural gas distribution operator ] or ELPE [Petroleum Company]. I repeat what I have said until today,” Lafazanis told daily TA NEA. …

Read More »

Deputy PM Dragasakis: “We have a long list of investment opportunities”

Real and potential investors were shocked on Wednesday to hear new Greek coalition government government ministers announcing the halt of privatizations. Most worried of all,  is China with its 35-year concession agreement for its COSCO subsidiary in Piraeus – in operation since 2008 – and its plans to buy large …

Read More »

Greece’s Privatizations “Freeze” Until June-17 Elections and New Government

Greece will freeze privatizations until June-17 elections and a new government is being formed. This decision was taken by the board of  the State Private Property Fund  (TAIPD) on May 15, 2012. “We refrain from taking decisions that are binding for the future until the forming of the new government that …

Read More »