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Piraeus port law amended, resolving dispute with COSCO over privatisation deal
EconomyCorporatesGreece has resolved its momentary dispute with Chinese giant COSCO over the legislation linked to the privatisation of the Piraeus Port Authority (OLP). The government made a number of amendments... stake in Piraeus Port (OLP) to COSCO was ratified by the Parliament. A wide majority of 223 MPs from
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Thessaloniki Port Authority contract signed, Hellenikon takes another step
EconomyProgrammeThe contract for the sale of a 67-percent stake in the Thessaloniki Port Aurthority (OLTH) was signed on Thursday between Greece’s privatisation agency and the German-led consortium which submitted... the port for the next 34 years under a lease agreement, which will generate an additional 170 million
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Piraeus port privatisation moves a step closer
EconomyBankingThe deadline for the submission of binding bids for the acquisition of a 67 percent stake in Piraeus Port (OLP) expired on Monday, with the Hellenic Republic Asset Development Fund (HRADF) noting that announcements will be made on January 12 after the opening of financial offers. Three investment
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Cosco's 369 mln Piraeus Port improved bid accepted, seals latest privatisation
EconomyBankingHellenic Republic Asset Development Fund said on Wednesday afternoon it accepted COSCO’s improved financial offer for the sale of 67 percent stake in Piraeus Port Authority (OLP). The offered amount stands at 368.5 million, which corresponds to 22 euros per share at a marked premium of 70 percent
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Piraeus port sale setback troubles Tsipras ahead of China visit
PoliticsForeign PolicyPrime Minister Alexis Tsipras faces a major embarrassment ahead of his four-day trip to China on Saturday due to complications arising over the privatization of the Piraeus Port Authority (OLP). In a letter to the Greek government on Wednesday, COSCO, which is the preferred bidder for OLP
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Newsletter 486 - 28/11/2025
PoliticsPM relies on relief, labour deal as farmers protest and Tsipras publishesGreece’s political week has been dominated by payouts, protests and a memoir that hints at comeback. Prime Minister... hope these disbursements will persuade farmers to stand down from planned highway and port blockades
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Eurobank first to tackle NPL reduction via APS
EconomyBankingthe bids submitted by Pimco and doValue on behalf of Fortress for 80 percent of Eurobank’s licensed... on the website euro2day.gr on Tuesday afternoon, the doValue-Fortress bid was considered a stronger bid... Fortress earlier in November. The bank had previously been in exclusive negotiations with PIMCO until
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Tear gas instead of vaccines
AgoraStevanovic, and musician and rapper Zlatan Čordić Zlatko, who spoke at the protest, were arrested... who take to the streets en masse every Wednesday, constituting one of the most massive demonstrations
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Credit contraction decelerates to 0.9 pct in April, net additions climb to 659 mln
EconomyMacroeconomy. The positive flow in April is almost entirely attributed to corporate sector net additions of 763... positive for the third successive month, with net additions climbing to 763 million in April
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Newsletter 269 -16/10/2020
shows deficit of 7.01 bln September figures show decline in revenues On a monthly basis, net revenues... primary balance recorded a deficit of 7.01 billion euros in the first nine months of 2020, compared
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