ECONOMY

Creditors are warming to new TAIPED

Although all is quiet on the privatization front since the change in government over two months ago and in the management of state sell-off fund TAIPED a few weeks back, it appears that the representatives of Greece’s creditors have come to some kind of an understanding with the officials responsible for the country’s struggling privatizations program.

Kathimerini understands that relations between creditor officials and the new administration of TAIPED are gradually being restored and that the management of the fund is expecting the nod from the government in order to draft a new list of state assets to put up for sale, possibly within the course of this month.

The issue of sell-offs is one of the key topics in negotiations between Athens and the eurozone, with the government having pledged revenues of 1.5 billion euros from this front this year. TAIPED is still in a quest for its exact role, pending an agreement between the government and creditors, as deals that are already in the pipeline cannot be changed at this stage. The role of the fund, therefore, will be to prepare a new set of projects to meet its revenues target and to pave the way for its future role, after the political decisions are made.