Greece’s privatization agency set for new management

The managing director of Greece?s privatization agency, Kostas Mitropoulos, appears to have tendered his resignation although the official has yet to confirm this publicly.

Reports emerged on Thursday night that Mitropoulos had stepped down in order to make it easier for the government to appoint the personnel it deems suitable for the task of re-launching Greece?s stalled privatization process.

The head of the Hellenic Republic Asset Development Fund (TAIPED), Yiannis Koukiadis, resigned last month.

TAIPED?s work has been beset by bureucratic hold-ups and was derailed by the political instability caused by the two recent national elections.

It has conduct the preparatory work for the sale of 28 state assets but a number of outstanding issues have yet to be settled.

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