Greece Will Keep €3B Privatization Promise, Says Official



Rania Ekaterinari

Greece will maintain its plan to privatize many industries even after it leaves the bailout program in August this year.

The Hellenic Corporation af Assets and Participations’ head, Rania Ekaterinari, told the Reuters news agency on Thursday that Greece would pursue its commitment to raise €3 billion by 2019.

This will be done by selling off state assets as well as launching stakes sales in Athens International Airport, the DEPA gas company and Hellenic Petroleum soon.

Although EU officials have suggested Greece won’t need more credit after its bailout ends, there will likely be continued close supervision of the crisis-hit country’s economy.

On Monday, the governor of the Central Bank of Greece said supports establishing a precautionary credit line for the country after it exits its third adjustment program.

 


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