By Olga Klontza
The latest report by the EU Commission on the course of privatizations in Greece cites satisfactory progress for 2021, with the highly anticipated Helleniko project in coastal southeast Athens topping the list, given that the final “signatures” are expected in the coming period.
Progress was also ascertained over the course of privatizations for several regional ports around Greece, along with better exploitation of state-owned real estate and an underground natural gas storage unit in the northern Kavala district.
Conversely, the Commission report points to continued delays over selling off 30 percent of the holding company that owns the Athens International Airport and a large stake in Hellenic Petroleum (Hel.Pe), the largest refinery concern in the country. Along those same lines, the privatization of the Egnatia tollway, which extends along the breadth of northern Greece, continued to lag.
The “highlight” of the report is Helleniko, with a final approval by the Court of Audit of an integrated resort casino concession at the site expected in June. Two lesser legal challenges also remain before the Council of State (CoS), Greece’s highest administrative court.
Every single legal challenge and obstacle faced by the landmark privatization has so far been cleared, although the delay in getting the massive real estate development project off the ground is measured in years.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
IMF: Greek Growth in 2024 at 2%; Debt to Ease to 158.8% of GDP This Year
Projected consumer prices are forecast to rise by 2.7%
Major Increase in Russian Natgas Imports by Greece in 1Q 2024
Russian state natgas exporter Gazprom dominated imports to the country, mostly through the overland pipeline entering via a northern frontier pipeline
Lamda Development Announces First Profitable Year for The Ellinikon Project
The ATHEX-listed developer reported 206 million euros in EBITDA for FY23, a 69%-percent increase from 2022 results
Europa Nostra Adds Sifnos, Serifos, Folegandros to Most Endangered List
Europa Nostra says three Greek islands are at risk due to surge in tourism development and rampant construction
EU Cracks Down on Social Media Influencers Making Illegal Profits
A recent EU inquiry uncovered 358 online influencers, among them 20 in Greece, found to be violating consumer laws
Greek PM Announces €2 Billion Decarbonization Fund for Greek Islands
Greece bolstered its drive for a greener economy with the launch of a €2 Billion Decarbonization Fund for the Greek islands
Eurobarometer Survey: Greeks Acknowledge EU Influence-Pessimistic about Future Living Standards
Regarding their participation in the forthcoming European parliament elections, 60% of Europeans (+11 points compared to March 2019) and 56% of Greeks express interest in voting in the June European elections
Eurostat: Greek Inflation at 3.4% in March
In the eurozone, the consumer price index (CPI) dropped to 2.4%, while the average EU settled at 2.6%
ND Still Far Ahead of Rival SYRIZA, Although Support Slipping
Asked who they trust most for prime minister among the current political party leaders, respondents, by 40% answered “no one”.
BoG: Greek Households Pessimistic Over Course of Inflation
The sentiments were found in an “Inflation Monitor” posted by the Bank of Greece (BoG) on Monday.
![Αυτοκινητόδρομος Ε65: Αθήνα – Τρίκαλα σε 3 ώρες το Πάσχα [χάρτης]](https://www.ot.gr/wp-content/uploads/2024/04/E65_kentrikiodos.gr_-90x90.jpeg)
