Minister says Greece needs privatisations

29 June 2017
577 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

Sports Tourism: Pakistan’s street cricketers bring game to life in Greece
GREECE
shares54 views
GREECE
shares54 views

Sports Tourism: Pakistan’s street cricketers bring game to life in Greece

Panos - Jul 19, 2019

In a barren Athens parking lot, young Pakistanis get in position for a game of cricket. On one end of…

Iran seizes foreign tanker, US vows to protect vital Gulf waterway
FINANCE
shares48 views
FINANCE
shares48 views

Iran seizes foreign tanker, US vows to protect vital Gulf waterway

Panos - Jul 19, 2019

Iran said on Thursday it had seized a foreign tanker smuggling fuel in the Gulf, and the U.S. military commander…

Margaritis Schinas will be the new Greek Commissioner
GREECE
shares42 views
GREECE
shares42 views

Margaritis Schinas will be the new Greek Commissioner

Panos - Jul 19, 2019

The person that the new Greek Prime Minister Kyriakos Mitsotakis will propose for the position of the Greek Commissioner is…

Leave a Comment

Your email address will not be published.