Minister says Greece needs privatisations

29 June 2017
697 Views

Greece needs to step up its privatisation programme, deputy finance minister George Chouliarakis told reporters yesterday.

Privatisations have been a main pillar of the country’s international bailouts since 2010 but have reaped only €3.4 billion in revenues due to political resistance and red tape.

“A lot more needs to be done there, especially improving the business environment… be more assertive in advancing for direct investments, in accelerating the base of the privatisation programme,” Chouliarakis was quoted as saying at a conference in Athens, according to timesofmalta.

Greece aims to raise €4.4 billion from the programme in 2017-18. Big tickets for this year include the sale of a 66 per cent stake in the country’s natural gas grid DESFA and a 67 per cent stake in its second biggest port Thessaloniki.

The country’s privatisation agency is also seeking consultants on utilising the state shares in seven major companies, including power utility Public Power Corp, Athens International Airport and telecoms operator OTE.

You may be interested

EU Leaders fail to agree on new seven-year budget
SLIDE
shares40 views
SLIDE
shares40 views

EU Leaders fail to agree on new seven-year budget

makis - Feb 21, 2020

According to the EU Council President Charles Michel, more time is needed to agree on the budget. A summit of…

SYRIZA historian: Greece should import 1 million immigrants!
POLITICS
shares60 views
POLITICS
shares60 views

SYRIZA historian: Greece should import 1 million immigrants!

makis - Feb 20, 2020

Historian Antonis Liakos, a member of the leftist major opposition party SYRIZA, expressed the view that Greece should import 1…

This is why the Dutch prefer Greece as a holiday destination for 2020
GREECE
shares68 views
GREECE
shares68 views

This is why the Dutch prefer Greece as a holiday destination for 2020

Panos - Feb 20, 2020

The reasons Greece is one of the most preferred destinations for Dutch tourists were outlined in a survey carried out…

Leave a Comment

Your email address will not be published.