Pitsiorlas to be the new head of TAIPED

Corporate executive Stergios Pitsiorlas is expected to be appointed the new head of state sell-off fund TAIPED next week as the first changes to the fund’s board are about to be implemented.

Pitsiorlas currently chairs two enterprises that are currently developing hotel and tourism infrastructure in Halkidiki, central Macedonia. In the past he had served at the side of various leftist leaders, but he quit politics in 2006 to concentrate on business ventures and now represents Russian funds wishing to invest in Halkidiki.

The changes to TAIPED will not be delayed and could have taken place earlier had Alternate Finance Minister Nadia Valavani not had to spend a few days in hospital. The ministry is eager to complete the process of conceding the horse racing betting license to OPAP, which will be the new government’s first privatization project.

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