TAIPED

An Athens appellate council on Monday reopened a case against six former executives of Greece's privatization fund TAIPED, saying they should stand trial after all over the management of the company's real estate portfolio.

On Monday state sell-off fund TAIPED will publish an invitation for expressions of investor interest in the abandoned Xenia hotel unit on the Cycladic island of Kythnos - complete with hot springs.

Greece's target of 2 billion euros in privatization revenues this year is high but can be met, the chairman of the country's privatizations agency TAIPED said on Friday.

Greece's third bailout ends in August and it has agreed with its international lenders to raise 3 billion euros by 2019 from state asset sales.

Greece has received one bid for its railway maintenance company Rosco, the country's privatization agency TAIPED said on Tuesday.

Greek railway service operator Trainose, which was taken over by Italy's Ferrovie dello Stato Italiane last year, submitted the only binding offer.

State privatization fund TAIPED has secured revenues of 8.8 million euros from sale and lease transactions for properties in Greece on the e-Auction online platform.

Two buildings in Patra and Nafplio, a hotel in Athens, a plot in the Volos Industrial Zone and three plots near Ermioni in the Peloponnese have been sold while farmland near Tripoli, in the Peloponnese, has been leased.

Within a period of just 14 months, the government is accused of making 424 hirings that have more than doubled the number of staff at state-owned railway carriage maintenance firm Rosco, which is about to be privatized.

The Greek state is reclaiming its majority stakes in the Athens and Thessaloniki water companies, as the government has revoked the decision by the ministerial committee for privatizations handing its shares to sell-off fund TAIPED.

Greece received on Friday nine expressions of interest for the long-term operation of its biggest motorway Egnatia, part of a privatization scheme launched under its bailout program.

Ten investment groups have expressed an interest in the concession of Alimos marina in southern Athens, including foreign and Greek companies such as Lamda Development, Aktor, Dogus, J&P Avax, Koc Holding, Intracom and Archirodon.

The privatization of energy firms is entering the final stage and is expected to bring radical changes to the landscape in the local market.