ECONOMY

State to pay debts to water utilities

The Finance Ministry is pressing for the payment of all state obligations to the water companies of Athens (EYDAP) and Thessaloniki (EYATH), in a bid to complete the process by September, as this constitutes one of the government’s commitments to its creditors ahead of their next inspection in the fall.

Alternate Finance Minister Christos Staikouras has called on all state entities, including ministries, to repay all their debts to the two water companies – which are headed for privatization – before the end of June.

Staikouras also asked for debts to be listed according to how long they have remained outstanding.

Once the companies have been repaid, the sell-off process will be able to proceed.

According to the existing timetable, EYATH’s privatization should take place in the third quarter of this year, while EYDAP is scheduled to be sold off in the second quarter of 2014.