state sell-off fund

The two companies that manage Greece's main airports face a threat to their continued operations due to the absence of any passenger traffic.

This year's mergers and acquisitions have seen an increase in the total value of transactions. Provisional data show that, in the first 11 months of the year, transactions already completed add up to more than those recorded over the full 12 months of 2018.

The new, revised program for TAIPED privatizations, published on Friday, contains no references as to when the long-delayed development of the old Athens airport plot at Elliniko in southern Athens might finally start. The other major issue for the state sell-off fund is highway maintenance company Egnatia Odos SA, which is currently mired in red tape.

For the first time since TAIPED's foundation in 2011, the state sell-off fund is within sight of its collection target for the year.

Sources from the government and the state sell-off fund (TAIPED) express their optimism for the first stage of a tender for the privatization of gas grid operator DESFA that is to be completed on Monday with the expression of interest from potential investors.

The European Stability Mechanism's decision regarding the disbursement of the 7.7-billion-euro tranche to Greece was on Wednesday postponed until Friday, provided that all prior actions required have been satisfied by then.

The six former members of the TAIPED experts council accused in the case of the sale and leaseback of 28 state properties were granted unconditional release after testifying in Athens on Friday.

Greece proposed a three-year cooperation plan to Beijing involving ports, ship building and repair, credit, supply chain and culture during Greek Deputy Prime Minister Yiannis Dragasakis?s recent visit to China, according to the Chinese government.

By Vangelis Mandravelis

The government is closing down Attica Coastline SA while the Hellenic Republic Asset Development Fund (TAIPED) will be bolstered by the absorption of State Property Company SA (ETAD), according to the government?s first draft law aimed at restarting the Greek economy, which was put up for public consultation on Thursday.

By Ilias Bellos

Eight candidates have stepped forward in response to the tender called by the state sell-off fund (TAIPED) for the 67 percent stake in the Thessaloniki Port Authority (OLTH).