Privatization

İzmir Port stakes transferred to Turkey's wealth fund

Turkey has transferred stakes in İzmir Port, which has been in privatization portfolio since 2007, to the Turkish Wealth Fund, in a bid to help finance giant infrastructure projects. 

The stake transfer was informed to respective authorities, according to sources. 

The wealth fund will have the authority to rent, transfer or sell the port. 

Attempt to sell stake in Galenika pharmaceuticals fails

The procedure for the privatization of the pharmaceutical company Galenika through the model of strategic partnership should be declared unsuccessful.

The commission for the implementation of strategic partnership on proposed this to the Serbian government on Wednesday, th Ministry for Economy announced, Beta reported.

Fraport to receive regional airports by mid-February

Greece's 14 regional airports will be delivered to Germany's Fraport by mid-February, the country's privatization agency (TAIPED) chief said on Friday.

Stergios Pitsiorlas also said that there was strong interest for a majority stake in Greece's second biggest port, Thessaloniki Port, and that binding bids were expected in January.

Serbian companies "Lasta", "Luka Novi Sad" on sale

BELGRADE - In the jurisdiction of the Ministry of Economy remained 174 companies, but only few of them are attractive enough for privatization. By the end of the year 13 of them should be put to sale, and among them will be "Lasta" and "Luka Novi Sad". In the next round of privatization, experts estimate that spas and public companies will be put to sale.

A hopeful sign

The ratification by Parliament of a bill for the privatization of the former airport plot at Elliniko, on the southern coast of Athens, is a very positive development, and particularly so as it was backed by a significant majority of MPs.

Govt. extends deadline for receiving bids for Galenika

BELGRADE - Serbia's Ministry of Economy extended the deadline for receiving letters of intent to buy a 25 percent stake in state-run drugmaker Galenika, the Serbian government told Tanjug on Wednesday.
    
The previous deadline for interested buyers to come forward expired today and is now extended until May 27.
    

Bulgarian Govt Proposes to Ban Sale of Two Key Arms Firms

The Bulgarian government has proposed to ban the sale of arms manufacturer VMZ-Sopot and arms trader Kintex on account of their major importance for national security.

Draft legislation to put the two wholly-state owned companies on the list of enterprises banned for privatisation would be submitted to parliament for approval, the cabinet decided at a weekly meeting on Wednesday.

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