Tuesday Jan 27, 2015 Search
Weather | Athens
13o C
7o 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 Athenss 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)  
Greek bonds continue post-election plunge
Mixed reaction from big investors to Greek election result
Turk-Cypriot says gas search should stop until Cyprus solution is found
Bank stocks lose 23 pct in just two days
Greek coast guard search for missing ferry passenger
Coast guard vessels and helicopters continued to search for a missing passenger from a ferry from Crete that docked at Piraeus shortly before 7 a.m. on Tuesday. There had been no sign of him...
Serres police seek thieves of contraband smokes
Police in Serres, northern Greece, were on Tuesday seeking the thieves that stole more than 100,000 packets of contraband cigarettes from a customs authorities warehouse in a break-in believ...
Inside News
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 ...
SOCCER
Olympiakos overcomes depleted OFI at Iraklio
Easy though it may seem, Olympiakoss 3-0 win at depleted OFI Crete was rather difficult on Saturday, but was enough to keep the Reds on top on Saturday, as they have maintained their two-po...
Inside Sports
COMMENTARY
Greece, where everyones a winner
Whether a tradition or simply a bad habit, we have trouble finding a loser in any electoral race, a party leader who will openly concede defeat without trying to mitigate it with excuses. Th...
EDITORIAL
Political faux pas
Democracies have rules and institutions that must be respected and served by all who represent them. Most people can appreciate that politicians who have worked hard for the past two-and-a-h...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Greek bonds continue post-election plunge
2. Mixed reaction from big investors to Greek election result
3. Turk-Cypriot says gas search should stop until Cyprus solution is found
4. Greek coast guard search for missing ferry passenger
5. Serres police seek thieves of contraband smokes
6. Bank stocks lose 23 pct in just two days
more news
Today
This Week
1. Greek Elections 2015: Forming a government, Part 1 | LIVE
2. Greece, where everyone's a winner
3. Three days of mourning declared over death of two Greek pilots in Spain
4. Greek uncertainty weighs on low-rated eurozone bonds
5. Political faux pas
6. Europe stocks fall from seven-year high; Greek bonds drop
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. Unsupervised voting
6. QE exclusion a de facto Grexit
Advertiser Link
SMART WATER Project: Outputs and conclusions of the final conference
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2015, H KAΘHMEPINH All Rights Reserved.