BUSINESS

Samaras to meet with heads of Greek privatization fund

Prime Minister Antonis Samaras is due to hold a meeting at 2 p.m. on Monday with the top executives of the Hellenic Republic Asset Development Fund (TAIPED) to discuss the government’s privatization strategy.

The meeting comes a few days after Qatar Diar, one of the potential investors in the old Athens airport site of Elliniki, withdrew its interest in the project.

Greece expects to meet this year's privatization revenue target of 2.6 billion euros, with investor interest coming mainly from China and Russia for state companies such as natural gas distributor DEPA and gambling firm OPAP, Finance Minister Yannis Stournaras told Reuters last week.

The new agreement signed by the government and its creditors provides for 10 privatization projects to begin within the first quarter of 2013.

The plan is for the the procedures to start for the selling of the following companies: Organization of Hellenic Horse Racing (ODIE), Hellenic Post (ELTA), Hellenic Vehicle Industry (ELVO), Thessaloniki Water Company (EYATH), Larco mining and metallurgical company, and Hellenic Defense Systems (EAS). The government will also have to implement the concession of Egnatia Odos, small ports and marinas, and regional airports in the first quarter of 2013.

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