Tag Archives: privatizations

Minister of Labor and Social Affairs Costis Hatzidakis celebrated his birthday with a cake decorated in such a controversial way that Greeks initially thought it was the product of a photoshop by some social media troll. The cake was decorated with the sugar paste logos of the public companies Hatzidakis …

Read More »

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 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 »

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 »

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 »

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 »

Greece aims to raise 6 billion euros in privatization revenues through 2018, the head of its privatizations agency said on Thursday. Chairwoman Lila Tsitsogiannopoulou told reporters Greece was targeting 2 billion euros from privatizations this year and about 3.5 billion next year from the sale of stakes in telecoms group …

Read More »

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 »

China’s State Grid International Development offered the highest bid amounting to 320 million euros ($352 million) for the acquisition of 24 percent stake in Greece’s power grid operator ADMIE, Greece’s public power corporation (PPC) announced on Wednesday. The Chinese company and a consortium led by Italy’s TERNA had submitted binding …

Read More »

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 »

French President Francois Hollande is expected to land in Eleftherios Venizelos airport at 4:50 pm Thursday, rush to Athens downtown, lay a wreath at the Monument of the Unknown Soldier and start talking “business”. Investments in Greek public assets that currently enjoy an extended Sales period. It is not coincidence …

Read More »

French President Francois Holland will pay an official visit to Athens on October 22nd and 23rd 2015, to seal the close relationship between the two countries. But also to explore investment opportunities… well… not exactly… almost. According to Sunday edition of To Vima newspaper, France has great interest in participating …

Read More »

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 »

Who would have though! A German company, airport operator FRAPORT won the bid to operate and maintain 14 regional airports, considered to be top of the top in Greece. With an offer of 1.23 billion euro, the consortium of Fraport -Slentel (a unit of Greek energy group Copelouzos) won the …

Read More »

Greece submitted a new Reforms List to the creditors today, as the negotiations with the creditors in Wednesday’s Euro Working Group did not develop according to the Greek expectations. The list was sent to the Brussels Group  – euro zone partners – on Wednesday morning. According to the Greek calculations, …

Read More »

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 »

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 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 »