Hellenic Republic Asset Development Fund (HRADF)
Business
Greece's Privatization Fund Announces Successful Sale of Thessaloniki's Modiano Indoor Market
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...
Business
Italian Railways and Skoda Interested in Greek Railway Maintenance Company
Italian railways Ferrovie dello Stato Italiano SpA and Skoda Transportation SA were the two investment groups which submitted expression of interest for the purchase of 100 percent stake of Rosco SA, the Greek railway rolling stock maintenance company, Hellenic...
Business
Greek Culture Ministry Seeks to Declare Elliniko as Archaeological Site
The Greek Culture Ministry is planning on declaring the old Athens Airport (Elliniko) as an archaeological site, as well as the area surrounding it. This would complicate plans to develop the area, only two months after the Hellenic Republic...
Economy
Three Greek Public Assets Abroad Advertised for Sale in The Economist
The Hellenic Republic Asset Development Fund (HRADF), the body responsible for selling Greek public property, is attempting to reach potential buyers by advertising three properties located abroad in The Economist, Greek media reported.
One of the properties advertised is a five-storey building in...
Business
Greek Regional Airports Deal Back to Negotiating Table
The first privatization of the SYRIZA-ANEL coalition government is not finalized yet as German company Fraport, which has agreed to take over operations of 14 regional airports, now asks for guarantees, claiming political instability concerns.
Fraport claims it has difficulty raising investment funding...
Economy
Tenders for Greece's Two Main Ports to be Announced Soon
The Greek government and the Hellenic Republic Asset Development Fund (HRADF) will announce the dates for the tenders of Greece's two main ports in the next two weeks.
According to Greek government sources, the country’s privatization agency will soon...
Economy
Greek Finance Ministry Explains New Public Asset Fund
In order to secure a bailout deal with international creditors, Greek Prime Minister Alexis Tsipras had agreed to establish a fund that would monetize 50 billion euros of Greek public assets through privatizations and other means. The fund's headquarters will...
Crime
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...
Economy
10 Assets Greece May Eventually Sell
Numerous articles have been published since Greek Prime Minister Alexis Tsipras reached an agreement with creditors, on how the country will be able to pay back its bailout. TIME magazine and the Business Insider explored Greece's options in regards to the country's islands,...
Business
Astir Palace Resort Sale Blocked by Greek State Council
Greece's top administrative court blocked the sale process of a luxury Athens seaside resort to an Arab-Turkish fund. According to the State Council judges' decision, the sale of the prime Astir Palace hotel complex and the development of the seaside...