Wednesday October 1, 2014 Search
Weather | Athens
28o C
16o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Fresh target for sell-off revenues at 1.5 bln euros

By Vangelis Mandravelis

The target set for revenues from privatizations for this year has dropped further, as following the recent negotiations between the government and its creditors, it has reduced to 1.5 billion from 2.8 billion euros.

Originally the creditors had put pressure on Athens to set the target at 3.56 billion euros, which was seen making up for the 2013 shortfall. However, such a target was then deemed to be unattainable, given that in the three years that state sell-off fund TAIPED has been operating with the completion of the so-called easy privatizations, its revenues have not exceeded 2.6 billion euros in total.

Therefore, according to the European Commissions fourth assessment of the countrys second economic adjustment program, the target for this year has been reduced to 1.5 billion euros and to 2.2 billion for 2015. Total revenues from privatizations are expected to come to 22.6 billion euros up to the end of 2020.

Even after the revision of the revenue targets, the European Commission has been speaking of additional revisions, depending on whether there is increased investor interest for an upward revision or more problems in the sell-off procedures for a further decline.

ekathimerini.com , Tuesday April 1, 2014 (23:21)  
Troika, ministry close to deal on corporate debts
Greek bonds rise on speculation ECB to allow bank-loan purchases
Greek factory activity returns to contraction in September - PMI
Mario Draghi to push ECB to buy Greek, Cypriot junk loans: FT
Thessaloniki NGOs appeal for help to deal with influx of Syrian refugees
Two non-governmental organizations appealed to the public on Wednesday to donate clothing and food to help dozens of refugees from war-torn Syria who have flooded into Thessaloniki over the ...
Incoming EC President Jean-Claude Juncker to visit Athens
Incoming European Commission President Jean-Claude Juncker is expected to visit Athens on Friday, the Commission's press office confirmed on Wednesday. The former prime minister of Luxembour...
Inside News
SOCCER
All team sports suspended next weekend in memory of dead fan
The government announced on Monday the suspension of all team sports events in Greece scheduled for next weekend, October 4 and 5, in the memory of the Ethnikos Piraeus fan who died a few ho...
SOCCER
Karamanos punishes Michel for deeming him surplus
Atromitos forced Olympiakoss first loss this season in all competitions on Saturday to allow PAOK to go alone on top of the Super League table on Sunday. Odds-on title favorite Olympiakos l...
Inside Sports
COMMENTARY
Truth before the battle
The coalition has lost its sense of direction in the last few months. Exactly where things went off track is not the question at this stage. What is certain is that if it continues competing...
EDITORIAL
Bending the rules
The flexibility with which laws are implemented has been a fundamental cause for concern in Greece during the post-dictatorship era. Everything becomes a subject for negotiation, even in cas...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Thessaloniki NGOs appeal for help to deal with influx of Syrian refugees
2. Troika, ministry close to deal on corporate debts
3. Incoming EC President Jean-Claude Juncker to visit Athens
4. Greek bonds rise on speculation ECB to allow bank-loan purchases
5. Seven arrested in Greece in migrant smuggling ring
6. Velvento banks robbers not terrorists, court rules
more news
Today
This Week
1. Air-raid sirens to go off all over Greece at 11 a.m. in drill
2. Truth before the battle
3. Smallpox decimates sheep stocks in northern Greece
4. Thessaloniki transport gets more expensive
5. Bending the rules
6. Mario Draghi to push ECB to buy Greek, Cypriot 'junk' loans: FT
Today
This Week
1. Greece may opt for unusual president to avoid snap polls, Venizelos says
2. Woman allegedly buried alive by accident in northern Greece
3. Salaries in Greece continue to slide, dipping 1.4 pct in Q2
4. Should you bet with Kissinger on where the world is heading?
5. Cypriots divided by 1974 war seek Shariah hub
6. The shocking thought of euro-dollar parity
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.