ECONOMY

Privatization deals ahead

The government expects to raise between 600 million and 1 billion euros from privatizations before the end of the month, but the agreements will include provisions for more future earnings, agreed with the country?s international bailout creditors.

Expected to be signed later this month are the extension of the concession to Germany?s Hochtief for Athens Airport and two contracts with gaming firm OPAP for existing and new games.

According to sources, the only issue remaining for negotiation regarding the airport concession is the price, where the difference stands at about 50-60 million euros.

The government?s Privatizations Fund will also manage a plan for the sale-and-leaseback of 35 public buildings, approved by the previous government but not yet implemented, and the rights on the proceeds from state lotteries for the next 10 years.

The government also wishes to expedite plans for the development of the area of the former Elliniko airport. The overall revenue target of privatizations is 5 billion euros by the end of the year, which seems ambitious.