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Privatisations
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EconomyCorporates
Majority stake in Piraeus Port transferred to COSCO, further investment lined up The first and most crucial stage of the Piraeus Port (OLP) privatisation was completed on Wednesday with the transfer of a 51 percent share stake from the Hellenic Republic Asset Development Fund (HRADF) to COSCO.
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EconomyProgramme
After calm summer, hectic September lies ahead for Greek government Although August appears to be a relatively quiet month for the government, particularly compared to the previous months and last year, there is a list of 15 prior actions the government is supposed to implement by mid-September to receive the next aid tranche of 2.8 billion euros.
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Economy
First phase of process to find strategic investor for ADMIE completed The Public Power Corporation (PPC) announced on Tuesday evening the completion of the first phase for the sale of a 24-percent stake in the Independent Power Transmission Operator (ADMIE).
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Economy
Greek train firm TRAINOSE attracts just one bid, no interest in rolling stock The Hellenic Republic Asset Development Fund (HRADF) announced on Wednesday afternoon that only one binding offer was submitted for the sale of 100 percent stake in TRAINOSE (operation and management of railway activities). It came from Italian firm Trenitalia.
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EconomyProgramme
Technical MoU provides more detail on fiscal brake, arrears and privatisations The technical memorandum of understanding (MoU) that supports the supplemental MoU, which was compiled after the completion of the first programme review, contains some interesting revelations on several issues related to the fiscal brake, arrears clearance and the state-owned entities that will be transferred to the new privatisation and investment fund.
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EconomyCorporates
Piraeus port law amended, resolving dispute with COSCO over privatisation deal Greece has resolved its momentary dispute with Chinese giant COSCO over the legislation linked to the privatisation of the Piraeus Port Authority (OLP).
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EconomyProgramme
First review completed but more prior actions lie ahead for Greece Following the agreement reached at the Eurogroup Working Group (EWG) on Thursday, parts of the supplemental memorandum of understanding (MoU) were revealed over the weekend.
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Economy
Deal for Hellenikon sealed; gov't sees improved terms, economic boost ahead The Hellenic Republic Asset Development Fund (HRADF) and Lamda Development signed on Tuesday the long-awaited memorandum of understanding (MoU) for Hellenikon (former Athens airport).
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Economy HRADF's updated plan for 19 privatisation projects published The Hellenic Republic Asset Development Fund (HRADF) asset development plan was published in the Government Gazette on Wednesday following its approval from the government’s Economic Policy governing council.
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Economy
Complex privatisation fund faces tall order to reduce Greek debt On top of the fiscal measures yielding 3 percent of GDP by 2018, one of the key prior actions for the conclusion of Greece’s first programme involves the establishment of a new privatisation fund.