Tuesday May 21, 2013 Search
Weather | Athens
32o C
19o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Leaders focus on privatizations

 Coalition chiefs identify 10 assets to be sold first and set legislative priorities for next few weeks
Finance Minister Yannis Stournaras has said privatizations could play a key role in Greece's economic recovery, along with structural reform

Pushing forward with the government’s privatization program was the main topic of discussion between Greece’s coalition leaders when they met on Monday.

The heads of New Democracy, PASOK and Democratic Left agreed on the 10 public assets they consider to be primed for privatization and discussed the speeding up of dozens of legislative and administrative actions that need to be taken to remove obstacles to this and future rounds of sales.

“This is not about auctioning off assets; it is about making better use of public wealth with an emphasis on helping growth and creating jobs,” said PASOK leader Evangelos Venizelos after the meeting with Prime Minister Antonis Samaras and Democratic Left’s Fotis Kouvelis.

Finance Minister Yannis Stournaras and Development Minister Costis Hatzidakis also took part in Monday’s meeting, along with the two newly-appointed top officials of Greece’s privatization fund, TAIPED.

Sources told Kathimerini that the first public assets and enterprises that are going to be made available to investors are the International Broadcasting Center (currently the Golden Hall shopping mall), the state lottery, Public Gas Corporation (DEPA), the gas grid operator (DESFA), the Elliniko site, the state gambling company (OPAP), the horse racing organization (ODIE), land in Corfu and Rhodes, and 28 real estate properties that will be sold and leased back.

It was also agreed that the government’s general secretary, Takis Baltakos, would be responsible for overseeing the effort to complete 77 legislative and administrative acts relating to privatizations, many of which are included in Greece’s bailout terms. Sources said that this will involve coordinating the action of nine ministries. Baltakos is a close associate of the prime minister.

Among the legislative acts that need to be completed is one that will lead to the cancellation of the law that requires the state to retain a 51 percent stake in public enterprises considered to be of strategic importance. The law that limits a single investor holding just 20 percent of one of these companies will also be repealed. Regulatory authorities to oversee the privatization of highways, ports, airports and refuse collection also need to be set up.

The three coalition leaders are to meet again on Tuesday to discuss the government’s immediate targets.

ekathimerini.com , Monday August 6, 2012 (22:27)  
Arsonist in racially-motivated attack in Athens claims he´s part of a citizens´ patrol
Anti-racism legislation divides coalition
Suicide rate climbs 26.5 percent in 2011 from 2010; greatest rise in women
Three brothers, mother and wife found guilty of loan-sharking in Thessaloniki
FINANCE
April meets revenue target from taxation
The Finance Ministry confirmed on Monday that April was the first month this year that the targets for both direct and indirect taxes were achieved, as the budget deficit is less than half o...
BUSINESS
National Bank announces reverse split and recap details
National Bank has announced a reverse stock split in the context of its recapitalization, whereby 10 old shares will be traded for a new one at a price of 4.29 euros each, from 0.429 euros b...
Inside Business
TRACK & FIELD
Otto records world-leading jump in pole vault in Athens
Germany's Bjoern Otto recorded the world's leading performance in the men's pole vault at the Athens Street Pole Vault event that took place at Zappio, in central Athens, on Saturday afterno...
SOCCER
PAS Giannina stuns PAOK at Toumba
PAS Giannina upset PAOK at Thessaloniki on Sunday to take the lead at the Super League play-offs, while Asteras Tripolis rebounded from its loss at Ioannina in midweek to defeat Atromitos at...
Inside Sports
COMMENTARY
Wittgenstein’s wrath at eurozone commentators
A true giant of modern thought, Ludwig Wittgenstein believed that all problems in philosophy arise from the misguided use of language. Although this opinion, put forward in his early writing...
COMMENTARY
On a dangerous path
Certain people have created a monster and now, when they observe it, they wonder what it is. Golden Dawn, along with all its slogans and behavior, is the work of many, not one single person....
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
 RECENT NEWS
1. April meets revenue target from taxation
2. National Bank announces reverse split and recap details
3. Greek shipowners choose Chinese shipyards
4. Just 5 pct of tax fines cashed in
5. Arsonist in racially-motivated attack in Athens claims he´s part of a citizens´ patrol
6. Anti-racism legislation divides coalition
more news
Today
This Week
1. Greece isn't turning the corner
2. Slovenian philospher Zizek proposes 'gulag' for those who do not support SYRIZA
3. Gazprom's Miller returns to Athens for third time as gas sell-off hots up
4. Vouliagmeni beach evacuated after bather discovers military shell
5. Samaras vows return visit to Azerbaijan after talks with Aliyev in Baku
6. Submission of online tax returns to begin this week
Today
This Week
1. Olympiakos's Euroleague basketball win shows Greeks can 'reach the peak,' says President Papoulias
2. Golden Dawn MP ejected from Parl't after 'Heil Hitler' incident [UPDATE]
3. Greece: A reality check
4. Greek economy shrank by 5.3% in Q1 of 2013 as recession continues
5. Do trophies mean anything after all?
6. Greece isn't turning the corner
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  International Herald Tribune  |  RSS
Copyright © 2013, H KAΘHMEPINH All Rights Reserved.