Thursday Jan 29, 2015 Search
Weather | Athens
14o C
8o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
TAIPED entitled to remove rebel officials

Market observers see a drive to ‘cleanse’ the governing board of Piraeus Port Authority (OLP), and particularly its president, Giorgos Anomeritis, who has reacted against the sell-off process.

by Vangelis Mandravelis

The latest bailout agreement between Athens and its creditors provides for state privatization fund TAIPED to be able to dismiss the management of public sector companies that fail to cooperate fully with the fund for the promotion of sell-offs.

The plan foresees a full assessment of the performance and cooperation of state corporations’ administrations by June, followed by the departure of those deemed inadequate by TAIPED. “To strengthen the governance of privatizations, TAIPED will assess the managers and board members of the companies in its portfolio and take all the appropriate measures for those members who do not perform or whose actions are not in line with TAIPED’s objectives regarding privatizations,” the agreement reads.

Behind this demand by the country’s creditors, market observers see a drive to “cleanse” the governing board of Piraeus Port Authority (OLP), and particularly its president, Giorgos Anomeritis. The latter has repeatedly reacted against the sell-off process for the port’s operator and is believed to have stopped its implementation on a number of occasions. Another target is his counterpart at Thessaloniki Port Authority (OLTH), Stelios Angeloudis, who also opposes the privatization of the corporation he governs. It is therefore no wonder that Greece’s creditors have set the start of OLTH’s privatization as a prior action for the disbursement of one of the next bailout installments.

The prior actions demanded by the creditors as far as privatizations are concerned are the following:

* The publication of the invitation for expressions of interest regarding the sale of the majority stake in Thessaloniki Port Authority.

* TAIPED should appoint at least one member of its choice to the governing boards of the companies in its portfolio in which it has no presence as yet.

* Authorities should transfer a 17 percent stake, owned by the state, in Public Power Corporation (PPC) to TAIPED, as up until today only the voting rights had been transferred to the fund.

* The government must draft a list of the pending issues whose resolution is required for the privatization of key state assets.

* PPC should publish its invitation for expressions of interest regarding the privatization of the Independent Power Transmission Operator (ADMIE) – which has already been done.

* The government must table in Parliament the draft legislation for the privatization of the so-called “Small PPC” – i.e. the sale to the private sector of a section of PPC’s production capacity – which has also been done.

* A draft law should be tabled in Parliament that will improve TAIPED’s mode of governance and allow it to control its assets better. This has just been done too.

* Athens should take measures that will strengthen the regulatory authority for water.

Furthermore, according to the country’s creditors, a permanent working committee should be formed, comprising members of the General Secretariat for Real Estate, TAIPED and the prime minister’s office, which will convene every 15 days to examine outstanding issues in the privatizations program. The committee is expected to have the authority to apply pressure on any ministries which hamper the implementation of the regulations required for the promotion of the sell-off projects.

ekathimerini.com , Friday April 4, 2014 (22:59)  
Greek banks rebound as gov´t cites inexperience for remarks
Greek bond drop sends yield to 16-month high on debt wrangling
Varoufakis to meet Italian counterpart in Rome next week
Billionaires from Loeb to Vekselberg heed call of Cyprus banks
No problems with pensions, says Stratoulis
Alternate Minister for Social Security Dimitris Stratoulis reassured Greek pensioners on Thursday that payments were not facing any kind danger. Speaking on Antenna TV he noted that pensions...
Obama congratulates Tsipras, says US looking forward to helping Greece return to prosperity
US President Barack Obama has congratulated newly-elected Greek Prime Minister Alexis Tsipras on his recent election victory. News of a phone conversation between the two leaders late on Wed...
Inside News
SOCCER
PAOK strikes deal with Portugal´s Ricardo Costa
PAOK announced on Tuesday its agreement with Portuguese international defender Ricardo Costa. The Thessaloniki club added that the player is expected on Wednesday to undergo a medical test a...
BASKETBALL
Basket League favorites survive challenges on the road
PAOK consolidated its position in the top three of the Basket League with a triumph at AGO Rethymnou on Saturday, while Olympiakos and Panathinaikos emerged victorious from their tough away ...
Inside Sports
COMMENTARY
New Democracy’s challenges
There is a good deal of unease in New Democracy, and not just because of the defeat it suffered in Sunday’s polls. That had been expected, despite the optimistic and combatant messages from ...
EDITORIAL
Keep politics out of school
A few years ago the Greek Parliament ratified a law for a complete overhaul of the tertiary education system with a solid majority of 255 votes from 300 MPs. Since then, with the exception o...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Greek banks rebound as gov´t cites inexperience for remarks
2. No problems with pensions, says Stratoulis
3. Greek bond drop sends yield to 16-month high on debt wrangling
4. Varoufakis to meet Italian counterpart in Rome next week
5. Obama congratulates Tsipras, says US looking forward to helping Greece return to prosperity
6. Billionaires from Loeb to Vekselberg heed call of Cyprus banks
more news
Today
This Week
1. Greece wants a debt break, but what about its poorer neighbors?
2. Investors turn on Tsipras’s campaign to end austerity in Greece
3. $11 billion wiped from Greek banks on nationalization threat
4. Varoufakis says Russia row not about sanctions, but proper consultation
5. ECB' Coeure tells Greece: stick to 'rules of game'
6. Schulz warns Tsipras against straying from stance against Russia, ahead of Athens meeting
Today
This Week
1. Greek Elections 2015 | LIVE
2. SYRIZA heads for historic victory but without majority
3. Greek Elections 2015 | LIVE
4. Greeks fork out nearly 5 pct of their incomes on telecom services
5. Greek Elections 2015: The day after | LIVE
6. Poll shows SYRIZA leading ND by 4 pct
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.