Greece

The Greek government has decided to remove more than 2,000 ancient sites, monuments and museums from a state assets fund after archaeologists protested, fearing the country's heritage might be sold off. Among the sites included was the Palace of Knossos...

Five Greek municipalities and the Hellenic Archaeologists Association have appealed to the Greek Council of State, the country's highest administrative court, calling for the abolition of the ministerial decisions that will allow ownership of national historical monuments to be...

The Athens International Airport El. Venizelos was granted a twenty-year extension to its concession agreement with the Hellenic Republic Asset Development Fund worth a total of €1.115 billion ($1.301 billion). The concession currently expiring in 2026, will run to 2046 following...

On Monday, Greece's attempt to seal the deal in the privatization of Hellenic Petroleum was prevented by workers at the facilities who walked off the job for four hours to picket the entrance-way. Workers at Hellenic Petroleum managed to physically...

The union representing workers at the state-run Public Power Corporation (PPC) has started what it says will be rolling 48-hour strikes against government plans for the privatization of lignite plants. Analysts say that if GENOP carries out its threat for...

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...

Greece has appointed Riccardo Lambiris as the new chief executive officer of its privatization agency, the Hellenic Corporation of Assets and Participations (HCAP), on Tuesday. The Greek government is trying to speed up privatization projects, which is a prerequisite for the...

The sale of the landmark Modiano indoor market was announced by Greece's privatization fund Hellenic Republic Asset Development Fund (HRADF) on Tuesday. “HRADF expects another significant investment with today's signature. Restoring and highlighting the building are major challenges for the...

The head of Greek privatizations agency (HRADF) said the country aims to receive total revenues of 6 billion Euros from privatizations by 2018. According to HRADF's chairwoman Lila Tsitsogiannopoulou, the revenues would be 500 million for 2016, 2 billion for...

European Stability Mechanism President Klaus Regling on Monday criticized Greek ministers for questioning agreed measures and privatizations, thus sending a negative message to international markets. In an interview with Greek public television (ERT), Regling praised Greek Finance Minister Euclid Tsakalotos...

Greece's Ministry of Culture is asking from the Ministry of Shipping to withdraw a building from the concession of Piraeus Port to China's Cosco, a Kathimerini report says. According to the newspaper, General Secretary of the Ministry of Culture Maria...

Greece’s privatization fund HRADF announced on Friday it has received three improved binding financial offers for the acquisition of a 67 percent stake in Thessaloniki Port Authority SA (OLTH). The improved financial offers were submitted by: - International Container Terminal Services...

Public Power Corporation (PPC) worker unions are to meet on Thursday and Friday to discuss their reaction to the impending privatization of part of the company, according to chief of the technical employees union, Costas Maniatis. On Tuesday, Maniatis spoke...

The privatization of the former Athens airport at seaside Elliniko area will go ahead despite delays, the executive director of Greece's privatization fund told Reuters. The head of the Hellenic Republic Assets Development Fund (HRADF) Lila Tsitsogiannopoulou spoke to Reuters...

The privatization project involving 14 regional airports in Greece is going ahead as scheduled according to banking sources who report that Fraport Greece has secured the necessary financing with four international credit institutions and a local bank. The lenders for...