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.
Stathakis upsets DESFA sale plans
The government is taking the privatization of gas network operator DESFA back to square one, reversing what has been agreed with Greece's creditors on the fast-track process and the immediate restart of the existing tender.
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Greece concludes 400-mln-euro privatization of Astir Palace resort
Greece's privatization agency said it concluded the 400-million-euro ($437 million) sale of Astir Palace, a luxury seaside resort outside Athens, to Turkish-Arab fund Jermyn Street Real Estate Fund on Thursday.
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.
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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.
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Public properties being sold for a fraction of their actual value
Public properties, including real estate assets, are very often sold for extremely low prices, as the political risk factor supersedes even the crucial financial risk that comes with investing in Greece.
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.