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Greece

Supreme Court Deputy Prosecutor Appeals Against Indictment of HRADF Experts

A Supreme Court deputy prosecutor on Thursday lodged an appeal against an indictment targeting three board members of Greece's privatization agency (HRADF) and six members of the Council of Experts. The indictment concerns their recommendations for the sale and...

HRADF Elects Lila Tsitsogiannopoulou as New Head

Hellenic Republic Asset Development Fund (HRADF) on Friday said its Board of Directors was reconstituted into a body due to the imminent elapsing six-month period, during which the Chief Executive Officer of the Fund, Mr. Antonis Leoussis, was acting...

HRADF Announces Completion of Kassiopi Privatization

The Hellenic Republic Asset Development Fund on Thursday announced the conclusion of a privatization of the Kassiopi area on the island of Corfu with the signing of the transfer of the equity capital of "New Corfu Property Investments SA,"...

HRADF Privatisation Fund Experts' Released After Testimony to Magistrate

All six consultants of the Hellenic Republic Asset Development Fund (HRADF) that were summoned before an Athens magistrate to answer to charges of corruption were released after their testimony on Friday. The six experts, among them three foreigners, had been...

HRADF Signs Contract with Fraport

Greece's privatization agency HRADF signed on Monday a contract with Germany's FRAPORT AG- SLENTEL Ltd to operate 14 regional airports. The contract concerns the airports of Thessaloniki, Aktio and Kavala as well as those of Corfu, Chania, Cephalonia, Zakynthos,...

3 HRADF Board Members and Senior Management Face Serious Charges

Public Prosecutor for Corruption Eleni Raikou on Monday pressed criminal charges with potentially hefty sentences against senior management and three board members of the Hellenic Republic Asset Development Fund (HRADF) for their failure to obtain reasonably competitive rates in...

HRADF Receives Binding Offers for Regional Greek Airports

Fourteen regional airports from respective Greek cities will be privatized within the following months as the binding offers from potential investors have already been filed to the Hellenic Republic Asset Development Fund (HRADF) and according to the schedule, they...

Greece Appoints New HRADF Managing Director

The Greek government has appointed a new head of its privatization fund, HRADF (Hellenic Republic Asset Development Fund). This will be the fifth change of the fund’s management since it started operating in 2010, with the goal of selling...

HRADF Reconsiders the Sale of Thessaloniki Water Company

The Hellenic Republic Asset Development Fund (HRADF), which oversees the sale of several state assets, has reconsidered the sale of 51% of the Thessaloniki Water Supply & Sewage Co., after citizens in northern Greece expressed their disagreement. The local community...

HRADF Approves Lamda Development Project (video)

Skyscrapers by the waterfront, sport centers and 200 hectares of green are part of the plan presented by the Greek company Lamda Development which was accepted by the HRADF (Hellenic Republic Assets Development Fund). Lamda Development used a two and...

Israelis Drop Out of HRADF Ellinikon Competition

The competition concerning the largest privatization in Greece, the Ellinikon International Airport project seems to have only one candidate left as one of the three stakeholders , Israeli company Elbit Cochin, expressed its intention not to proceed any further. Given...

HRADF Says 4 Parties Interested for Astir Palace

Greek HRADF announced that four investment entities comprised of both Greek and international investors submitted binding offers for the acquisition of a majority stake in Astir Palace Vouliagmeni S.A., in Greece. At its next BoD, the HRADF and NBG, owner...

HRADF Signs Concession Agreement with Hellenic Lotteries

The concession agreement for the exclusive right to operate the Hellenic Republic's State Lotteries for a period of 12 years was signed on July 30 between the Hellenic Republic Asset Development Fund (HRADF) and the Hellenic Lotteries SA. Hellenic Lotteries...

Mussolini's Old Villa on Rhodes Still on Real Estate Market

The Hellenic Republic Assets Development Fund (HRADF), responsible for raising money from state property sales to reduce debt, placed the abandoned Villa de Vecchi on the Greek island of Rhodes, which had been the holiday home of Italian dictator Benito...

Greece to Begin Procedures to Privatize Ten Regional Ports

The Greek government has launched the necessary legal procedures for the further commercial development of ten large regional ports in the country, according to an announcement issued on Friday. Finance Minister Christos Staikouras and Shipping and Island Policy Minister Giannis...