Calamos Supports Greece

TrainOSE

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...

Trains Cancelled on Athens-Thessaloniki Line Due to Bad Weather

The Greek trains operator TRAINOSE announced that several scheduled train journeys between Athens, Larisa and Thessaloniki will be cancelled on Wednesday and Thursday due to problems caused by snow falling on the tracks between Thessaloniki and Lamia. Cancellations on Wednesday...

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...

Greek Rail Workers Call of Planned Strikes on Tuesday Until Thursday

Greece's national and suburban railways (Proastiakos) will operate as normal on Tuesday following the suspension of rolling strike action that was set to halt operations until Thursday. Unionists decided to suspend the strike action after meeting with officials from Greece's...

New Rail Strike Announced Next Week

No passenger trains will travel from Monday until Wednesday, while freight trains will be immobilised until next Thursday, due to a new round of rolling three-hour work stoppages announced by workers in the Greek railway operator TRAINOSE. In a union...

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...

Cosco Sends Containers to Slovenia Due to Greek Railway Strike

Cosco has decided to transfer its containers to the port of Koper in Slovenia from Piraeus in order to deal with the Greek railway strikes. Since the tariffs for small feeder ships are currently at very low levels, the...

Italian Company Sole Bidder for Greece's Railway Operator

Italy's state-owned company Ferrovie dello Stato Italiane S.p.A was the only bidder for the privatization of Greek railways operator TRAINOSE, according to HRADF. Hellenic Republic Assets Development Fund, Greece's privatization fund, announced in a statement on Wednesday: "The procedure for the submission...

Walkouts Against Privatization to Disrupt Airport Train Service

Walkouts protesting privatization plans for the national OSE railway and the Proastiakos suburban railway are scheduled from 5-8 a.m., 1-4 p.m. and 9 p.m to midnight on Tuesday, Wednesday and Thursday this week. They are planning the same set of walkouts on...

Ongoing Railway Workers' Strike Starting on Tuesday

Repeated three-hour work stoppages by railway staff on Tuesday, Wednesday and Thursday are expected to seriously disrupt rail services throughout the country during the week, with multiple cancellations and changes to scheduled train journeys, including services to Athens International...