Wednesday April 16, 2014 Search
Weather | Athens
19o C
12o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Brussels sets obstacles to sell-offs

 Commission red tape and poor handling by Athens lead to delays in several privatization projects

By Chryssa Liaggou and Vangelis Mandravelis

Bureaucracy in Brussels and insufficient management in Athens are leading to serious delays in the privatizations program as well as the completion of already agreed transactions.

It emerged on Friday that the transfer of the Natural Gas Transmission Network Operator (DESFA) to Azeri company Socar, from which the state and Hellenic Petroleum expect to receive 400 million euros, will be delayed due to the pending inspection of Socar by the European authorities. The European Commission needs to establish whether the Azeri company will adhere to the European directive for the separation of the transmission and production of natural gas or electricity.

The inspection has not started yet as Commission sources argue that the Greek side has not yet completed the necessary procedures. In a meeting with Greek officials on Thursday, the Commission noted that Greeces Regulatory Authority for Energy has not yet submitted to Socar the necessary demand for the certification of DESFA based on the change in its stakeholders. Brussels also said that the deal must be preceded by an intergovernmental agreement between the EU and Azerbaijan.

Another case of poor cooperation between Brussels and Athens is the failed effort to privatize the Public Gas Corporation (DEPA). Although Greece blamed the failure on obstacles raised by the Commission to Gazproms entry into the Greek market, some part of the blame certainly lies with the government for its poor planning and inefficient negotiations with the candidate buyer.

In other cases the Commission has taken a long time before issuing its approval, particularly where state subsidies are involved. While Brussels, as one of Greeces creditors, has on the one hand been putting pressure on Athens to sell state assets since 2010, on the other it was only this year that it started allowing public companies to rid themselves of any subsidies that may have been burdening them.

Railway service operator Trainose, for example, only received the green light from Brussels in June for its sale tender to start.

In the case of Piraeus Port Authority (OLP), the approval arrived in May and the issue remains open as the there is concern on the part of the Commission regarding the deal signed between OLP and Chinese company Cosco.

ekathimerini.com , Friday December 6, 2013 (22:06)  
Bunkering firm head to be bailed
Euro periphery emerges as haven as bonds rise amid Ukraine feud
Industry turnover index declines in February
Eurozone inflation stuck in danger zone, keeps pressure on ECB
Illegally claimed pensions cost state over 12.5 million euros
Illegally claimed pensions cost the state over 12.5 million euros, a Greek police internal affairs department investigation has revealed. According to a report released on Wednesday, the pro...
One dead, two injured in Thessaloniki ring road accident
One person died while another two people were injured when a lorry veered off its course and crashed against five vehicles in the opposite direction on the Thessaloniki ring road. The incide...
Inside News
BASKETBALL
Defense lets Olympiakos down at Madrid
Olympiakos played second fiddle to Real Madrid in a rather spectacular game in Spain on Tuesday going down 88-71 to trail 1-0 in the best-of-five quarterfinal series with the Spanish giant. ...
SOCCER
Apollon is relegated, Xanthi to face survival play-off
Apollon followed Aris to the second division and Xanthi will contest a relegation play-off, as the end of the regular season of the Super League on Sunday produced predictable results that a...
Inside Sports
EDITORIAL
Fundamental contradictions
The deep division running through the ranks of the countrys main opposition party regarding the euro and how Greeces negotiations with its partners and creditors ought to be carried out is...
COMMENTARY
Empty vessels
US satirist and journalist Patrick Jake ORourke once said about American politics, The Republicans are the party that says government doesnt work and then they get elected and prove it. ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Bunkering firm head to be bailed
2. Illegally claimed pensions cost state over 12.5 million euros
3. Euro periphery emerges as haven as bonds rise amid Ukraine feud
4. One dead, two injured in Thessaloniki ring road accident
5. Industry turnover index declines in February
6. Eurozone inflation stuck in danger zone, keeps pressure on ECB
more news
Today
This Week
1. EU struggles to unpick the knot of Russia-Ukraine gas logistics
2. Stormy weather expected in northwest, central Greece
3. University admission exams to commence May 28
4. Greece to assist search for remains of Turkish pilot
5. Bad weather leaves northwest town powerless
6. Eurozone inflation stuck in 'danger zone', keeps pressure on ECB
Today
This Week
1. Bomb explodes outside Bank of Greece
2. Time to take a hard look at debt sustainability, says OECD chief
3. For faith and country
4. CCTV footage from Nigrita Prison shows signs of inmate torture [Video]
5. Samaras sees no need for third bailout
6. Car bomb explodes outside Greek Central Bank building, no one hurt [Update]
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.