Monday April 21, 2014 Search
Weather | Athens
17o C
11o 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)  
Eurobank share offering on April 25-29
PPC to issue corporate bond of 500 mln
Primary surplus continued by end-March
Eurobank eyes top Core Tier 1 level in Greece
Greek Christians mark rare Good Friday in north Cyprus
Hundreds of Greek Orthodox pilgrims, some coming home after 40 years of forced exile, commemorated the crucifixion of Jesus in a rare Good Friday service in northern Cyprus. Held in this med...
Greece offers to help find Turkish F-16 lost in 1996
Greece officially offered on Thursday to assist Turkey in its efforts to locate and salvage a Turkish Air Force fighter jet which crashed in the Aegean almost 20 years ago. Greek Defense Min...
Inside News
BASKETBALL
Greens lose badly as CSKA Moscow
Panathinaikos has a mountain to climb in order to reach the Final Four of the Euroleague after losing at CSKA Moscow on Friday for a second time in two days, only this time it was comprehens...
BASKETBALL
Former Red Bourousis wrecks Olympiakos´s hopes for a break
Olympiakos tried harder in Game 2 of the Euroleague play-offs in Spain, and Real Madrid was not as good on Thursday as in Game 1, but the Spaniards still emerged victorious on the night with...
Inside Sports
COMMENTARY
The placebo effect and the economy
Among the greatest mistakes made in the years of Greece’s hard landing is that citizens did not get the chance to sense that aside from austerity and pain the economic adjustment program als...
COMMENTARY
Ukraine is a crisis—but not a Cold War
Given Russia’s annexation of Crimea, the imposition of US and European sanctions, and the potential for more escalation in Ukraine, we are witnessing the most important geopolitical events s...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Greek Christians mark rare Good Friday in north Cyprus
2. Eurobank share offering on April 25-29
3. Greens lose badly as CSKA Moscow
4. Former Red Bourousis wrecks Olympiakos´s hopes for a break
5. PPC to issue corporate bond of 500 mln
6. Greece offers to help find Turkish F-16 lost in 1996
more news
Today
This Week
Today
This Week
1. Greece's market return mirrors return of tourists
2. Parties start announcing candidates for European Parliament elections
3. Greece startup leaders say they can’t break jobless cycle alone
4. Ground-breaking Good Friday mass signals thaw in Cyprus
5. IMF's Thomsen says Greece not fully financed to 2016
6. Mayoral candidates clash over Athens mosque plans
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.