Friday October 24, 2014 Search
Weather | Athens
19o C
12o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Sell-offs to bring more investment

The privatizations program is expected to fetch Greece some 26 billion euros in direct investment, the president of the Hellenic Republic Asset Development Fund (TAIPED), Takis Athanasopoulos, said on Thursday.

Addressing an event organized by the Foundation for Economic and Industrial Research (IOBE), Athanasopoulos said that the private investors which undertake the privatized properties will have to pay funds amounting to 26.5 billion euros. Some 18 billion of that will be invested in the utilization of public real estate, another 7 billion will go to the utilization of infrastructure (highways, ports, airports etc) and the remaining 1.5 billion will be invested in the development of the enterprises to be privatized.

While these amounts may sound like a lot, some 10 billion euros will be absorbed by the use of Athens’s former international airport at Elliniko and another 5 billion by highways.

Athanasopoulos also said that the sell-off program will create an estimated 115,000 new jobs in the period from now until 2016, which will rise to 140,000 by 2020. On an annual basis, from 2014 onward, the program will contribute 2-2.5 percent to the increase in employment.

As far as the target for direct state revenues is concerned, the TAIPED chief said that that remains unchanged: By 2016 the revenues expected have been put at 11.1 billion euros and 25 billion by 2020. Athanasopoulos said the original target for 50 billion euros remains valid but that a precise timeframe has not been defined as yet.

TAIPED intends to complete all sell-off projects concerning state companies and infrastructures by end-2014, he added.

ekathimerini.com , Thursday Jan 24, 2013 (22:48)  
Tax revenues up by 1 bln euros in 2nd quarter, public sector wages down
ECB bank assessment to show 6-billion-euro capital gap, Citi says
EU says Turkey´s energy hunt off Cyprus is a a ´serious concern´
ECB vies for third time lucky in European stress tests
Greek private workers´ union calls 24-hour strike for November 27
The country's umbrella union representing workers in the private sector, known by its Greek acronym GSEE, on Friday called a 24-hour strike for November 27 to protest austerity measures bein...
Finance Minister appeals for support for amendments ahead of vote
Finance Minister Gikas Hardouvelis on Friday called on MPs across the political spectrum to support a series of legislative amendments proposed by his ministry, including a recommendation to...
Inside News
SOCCER
Panathinaikos snatches point at Eindhoven
Panathinaikos offered its fans a glimpse of its glorious past in European competitions snatching a draw at PSV Eindhoven, on an otherwise bad night for Greek soccer in the Europa League, as ...
BASKETBALL
Greens succumb to first loss at Bayern
Panathinaikos’s unbeaten run in all competitions came an end on Thursday as the Greek champion lost 81-75 at Bayern Munich for the Euroleague. Bayern is a team that improves every year, and ...
Inside Sports
COMMENTARY
Tension for tension’s sake?
It is evident that Turkish President Recep Tayyip Erdogan feeds off tension. He would barely have achieved as much as he has – and prevailed – if he had not been so keen to confront a series...
EDITORIAL
Testing ground
The Regional Authority of Attica is a good testing ground for politicians who appear to thrive on accusations to prove whether they can actually solve major problems of a practical nature. T...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Tax revenues up by 1 bln euros in 2nd quarter, public sector wages down
2. ECB bank assessment to show 6-billion-euro capital gap, Citi says
3. EU says Turkey´s energy hunt off Cyprus is a a ´serious concern´
4. Greek private workers´ union calls 24-hour strike for November 27
5. Finance Minister appeals for support for amendments ahead of vote
6. Credit line only open to Greece if it meets economic targets, sources say
more news
Today
This Week
1. Woman killed in tram accident in Floisvo, south of Athens
2. ECB vies for third time lucky in European stress tests
3. Clocks to go back 1 hour on Sunday
4. Venizelos slams Turkey for 'flagrant violation of international law' off Cyprus
5. Cyprus GDP upgrade seen as boosting bailout exit plans
6. Cyprus president to be released from hospital on Friday following readmission
Today
This Week
1. The past, present and future of the Greek debt crisis
2. Greece’s closed society is central to its current malaise
3. Coalition shooting itself in the foot
4. Greece must stick to reforms, says Schaeuble
5. At least 11 banks to fail European stress tests, three in Greece, report says
6. Cyprus to block Turkey's EU talks after EEZ violation
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.