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Greece

TrainOSE's New High-Speed Train Makes Athens-Thessaloniki Trip Under 3.5 Hours

There is much anticipation for next month's Thessaloniki international trade fair where TrainOSE, the Italian-owned Greek rail operator, is expected to present a high-speed train that will change travel in Greece. The train is nicknamed “Silver Arrow,” and will enable passengers...

End of an Era: Greece’s TrainOSE Sold to Italian Rail Operator

On Thursday, Greece finalized the sale of railway operator TrainOSE to Italy’s Ferrovie dello Stato, and Greece expects hundreds of millions of euros to be invested in the country’s aging rail infrastructure over the coming years. Ferrovie Dello Stato is...

Italian Railways Τake Οver Greek TrainOSE on September 14

Italian railways are set to sign a final agreement to take over full ownership of TrainOSE on September 14 during a ceremony in Corfu, Filippos Tsalidis, TrainOSE's CEO told reporters during a news conference in Thessaloniki. The signing of the...

Greek Gov't Talks of New State Railway after Sale of Trainose

KikThe Greek government is talking about the establishment of a new state-owned railway system only days after the sale of Trainose to Italian state-run Ferrovie dello Stato Italiane, Kathimerini newspaper reports. The talk is about a new state-operated railway through...

Court of Audit Gives All-Clear to TRAINOSE Privatization, Sources Say

The Court of Audit has given the all-clear to proposed privatization of the Greek trains operator TRAINOSE, sources within the Hellenic Republic Asset Development Fund (HRADF) said on Monday. According to the sources, the terms set by the Court of...

Trainose Sold to Italian Company for too Low a Price

Italian railways will buy Greece's rail company Trainose after Athens accepted the group's 45 million euro ($50 million) bid. Filippos Tsalidis, managing director of Trainose, told the Athens News Agency (AMNA-MPA) on Wednesday that the "company has paid for sins...

Greece's TRAINOSE Sold for 45 Mln Euros to Italian Railway

The Greek rail operator TRAINOSE will be fully acquired by the Italian railway Ferrovie Dello Stato Italiane S.p.A for 45 million euros. The Hellenic Republic Asset Development Fund (HRADF) announced that Ferrovie's binding offer for a 100 percent stake in...

Three Candidates in Tender to Sell TRAINOSE

Three investment groups expressed their initial interest for the sale of 100% stake of TRAINOSE S.A., Hellenic Republic Asset Development Fund (HRADF) said on Friday. The investment groups are: Ferrovie dello Stato Italiane S.p.A.  Open Joint-Stock Company "Russian Railways"  GEK TERNA SOCIETE ANONYME...

TrainOSE to Resume Thessaloniki's Train Linking with the Balkans

TrainOSE, the operating arm of the Hellenic Railways Organization (OSE), will resume services linking northern Greece to Skopje, Belgrade and Sofia on May 10. The company suspended services linking Thessaloniki to the Balkan capitals in February 2011. TrainOSE's decision to relaunch...

Russia Eyes Trainose, Rosco, Thessaloniki Port

    Russian Railways is interested in buying the Greek railway company TRAINOSE, the repair company Rosco and the Thessaloniki Port, having submitted an initial application of interest in the framework of the provided procedures, said Russian Railways chief Vladimir Yakunin,...

Three Major Players Expressed Interest for Trainose

The first stage of the Trainose privatization process was completed on Monday, with three major players in the European railway industry having expressed an interest. The Greek railway service operator is being wooed by France’s Societe Nationale des Chemins de...

Odontotos: Greece’s Amazing Cog Railway of the Peloponnese

The "Odontotos" railway in Greece, one of the few surviving cog railways in Europe, travels across the country and over and through its spectacular mountains. People in many mountainous countries in Europe and beyond are used to cog, or "rack,"...

Aegae: The Cradle of Ancient Macedonia

The archaeological site of Aegae next to the contemporary town of Vergina was the first capital of the ancient Greek kingdom of Macedonia. The site is located 65 km (40 miles) west of Thessaloniki in Northern Greece’s province of...

Operation Olive Tree: Greece Saves Centuries-Old Trees from Destruction

More than 500 olive trees, some of which are centuries-old, have been saved so far by the almost unknown efforts of ERGOSE. ERGOSE is a subsidiary company of TRAINOSE, the Greek Railway Operator, and its role is to construct and...

Greece Announces 1,152 New Coronavirus Cases; Seven Deaths

Greek health authorities announced on Monday that there were 1,152 new coronavirus cases diagnosed in the country over the last day and seven deaths had occurred in those who suffered with the disease. Ninety-six of the new cases were found...