Greece shelves water privatisation plans, leaving gap in revenue targets

Economy Tags: Privatisations

The government’s plans to sell stakes in Greece’s water companies have now been completely shelved after the Hellenic Republic Asset Development Fund (HRADF) decided to freeze the privatisation of the state-run firm in Thessaloniki in the wake of a court ruling blocking the sale of the one in Athens.

The Council of State blocked on May 25 the privatisation of the Athens Water Supply and Sewerage (EYDAP), ruling that it was unconstitutional. According to the decision, the state has the responsibility to care for the health of citizens and that by bec...

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