Friday November 28, 2014 Search
Weather | Athens
16o C
10o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Thessaloniki port to go up for grabs on a revised contract

By Vangelis Mandravelis

State sell-off fund TAIPED is proposing the sale of a 67 percent stake in Thessaloniki Port Authority (OLTH), while it plans to revise the existing concession contract in a bid to make it more functional.

The Greek state will retain a 7 percent stake in the company that operates Greece’s second port through a deal that TAIPED officials told Parliament on Wednesday will safeguard public interest. The new concession contract will last up to 2051 and there is no intention of extending it.

The privatization model chosen for OLTH is similar to that used for the sale of Piraeus Port Authority, except there already is one sub-contractor in Piraeus – Cosco.

TAIPED told Parliament that Thessaloniki is a particularly profitable port, which also has cash reserves of about 100 million euros while its cargo traffic is on the rise. “Its management has done a good job,” TAIPED chief executive officer Yiannis Emiris told Parliament’s Financial Affairs Committee.

Also on Wednesday TAIPED executive director Andreas Taprantzis told Bloomberg that the fund is preparing the clustering of public real estate assets for a portfolio worth between 350 and 500 million euros, so that it can be offered to private investors by the end of the year.

ekathimerini.com , Wednesday April 9, 2014 (22:26)  
As prices keep falling, Greeks finally start to spend
Greek bank deposits drop in Oct, pause seven-month rise
Greek retail sales rise for fourth month in a row in September
Greek economy expands 0.7 pct q/q in Q3
Moscovici urges Athens to ´take necessary measures,´ make way for troika´s return
The Greek government must take all the necessary measures so that troika inspectors return to Athens for their final assessment on Greece's reform program, EU Economic and Tax Commissioner P...
Venizelos urges Turkey to respect Cyprus EEZ
Ankara must respect Cyprus's exclusive economic zone (EEZ) if it wants UN-brokered reunification talks to resume, Greek Foreign Minister Evangelos Venizelos said ahead of a weekend visit to ...
Inside News
SOCCER
PAOK is one win from Europa League´s last 32
A late brace by Stefanos Athanasiadis gifted PAOK a precious win at Dynamo Minsk on Thursday, meaning that the Thessaloniki team is one win away from graduating from the group stage of the E...
BASKETBALL
First defeat for Olympiakos in Euroleague
Olympiakos suffered its first Euroleague loss of the season going down 89-70 at Laboral Kutxa on Thursday, although the Greek team remains the favorite to clinch the top spot in its pool. Th...
Inside Sports
COMMENTARY
Change of US president won´t mean change of foreign policy
Americans have again voted for change in Washington as opposition Republicans take control of both houses of the US Congress. As attention now turns to the 2016 presidential race, it's time ...
COMMENTARY
The presidential election paradox
A few days ago, speaking with a visiting colleague who neither works in Europe nor covers events here, I suddenly felt how much we Greeks take for granted some things that should have worrie...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Moscovici urges Athens to ´take necessary measures,´ make way for troika´s return
2. As prices keep falling, Greeks finally start to spend
3. Venizelos urges Turkey to respect Cyprus EEZ
4. Greek bank deposits drop in Oct, pause seven-month rise
5. Greek retail sales rise for fourth month in a row in September
6. Greek economy expands 0.7 pct q/q in Q3
more news
Today
This Week
1. Child molester suspect photo released by police
2. Lebanese FM: Cyprus may be jihadi transit point
3. Athens water supply 9-month profit falls 45 pct on lower charges
4. Change of US president won't mean change of foreign policy
5. Armed man arrested on Thessaloniki campus
6. Minister opposes plans to establish Islamic Studies department at Thessaloniki university
Today
This Week
1. Give Greece a chance
2. Extremism from a bygone era
3. Scientists expand excavation of ancient Amphipolis
4. Greece paralyzed by major strike, flights cancelled
5. Piraeus nightclub shooting leaves 3 seriously injured
6. Cosco’s Greek unit adds multinational rail-freight client
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.