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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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Train workers cancel work stoppages May 30-31, but 24h strike on June 1/2017

Trains, Proastiakos and metro to the Athens airport will operate as usual on Tuesday and Wednesday, May 30-31 2017, but there will be a 24-hour strike on Thursday, June 1st. Trains workers have reportedly cancelled their work stoppages originally planned for the last two days of May. Last week, the …

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UPDATE Strike: No Trains, Proastiakos, and Metro to/from Athens Airport May 30-June 1/2017

TRAINOSE decided to cancel all Train and Proastiakos (suburban trains) operation due to work stoppages and a 24-hour strike announced the staff of the Greek Railway company. No trains will be running May 30 – June 1 2017. Consequently, there will be no Metro from and to Athens Airport Eleftherios …

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Train derails, crash into house, 3 dead, 7 injured – videos, pictures

Greece train crash: At least three people died and seven were injured when a passenger train derailed in Northern Greece and literally ripped through a house on Saturday night. The Intercity I/C 58 with 70 passengers and 5 crew members was traveling from Athens to Thessaloniki. The derail occurred at …

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Sold for just €45million: Italian Railways buy Greece’s TRAINOSE

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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Privatizations: Russian & US companies race for Greek TRAINOSE

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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Trains, Proastiakos: work stoppage and 24h strike over Easter weekend, May 4-5/2013

Workers at Trainose trains and Proastiakos will launch one work stoppage and a 24-hour strike over the Greek-Orthodox Easter weekend, 4th and 5th May 2013. On Saturday the work stoppage will take place between 6 pm and midnight, while the 24-hour strike will take place on Easter Sunday. Due to …

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Train, Proastiakos work stoppages, Apr 3-5/2013

Personnel at Greek trains and Proastiakos will launch 8-hour long work stoppages on April 3rd, 4th and 5th 2013 and thus from 4 p.m. until midnight. Unionists demand the signature of new collective bargain, while at the same time they oppose their subordination to the new payroll of civil servants …

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Greek Trains, Proastiakos on strike, Mar 23-24-25/2013

Personnel at Greek Trainose and Proastiakos will launch three 24-hour strikes from March 23th until March 25th 2013. The metro will not operate up/from Athens Airport. Trains and Proastiakos personnel protest wages and benefits cuts. “Wisely” enough they choose the long weekend, with Monday, March 25th, be a national holiday.

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HP-Cosco-Trainose hub deal signed in Athens

Boosting competitiveness, creating thousands of jobs. The hub deal between Hewlett-Packard, Cosco and Trainose brought smiles in the faces of Greek government, the Prime Minister and the Development and Maritime ministers. “The deal between Hewlett-Packard, Cosco and Trainose to use Cosco΄s cargo terminal at the port of Piraeus as a …

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Wanna Know Why Greece Went Bankrupt?

OK, Greece went bankrupt partly because of the tax evasion. Partly because of 1,000 reasons. But most of all because of the scandalous wages in the public sector and state-run enterprises. There is this delicious report of Greek newspaper Proto Thema  on its online edition. The report focuses on the transfer …

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