Greece hopes to raise more than 5 billion euros ($5.29 billion) in 2024 from the sale of state assets, including a stake in Athens airport and concession agreements for two toll roads, a senior official said on Wednesday.
The euro zone’s most heavily indebted state has since 2011 raised about 10 billion euros from government asset sales, a key element of its recovery plan after memoranda that expired in 2018 kept it afloat during a decade-long debt crisis.
The amount
The 5 billion-plus amount targeted for 2024 will be the highest amount raised from privatizations in a single year, Dimitris Politis, CEO of the Hellenic Republic Asset Development Fund-HRADF told Reuters.
He said that figure included an estimated 1.5 billion euros from the long-term concession of the Egnatia Road, a 658-kilometer (411-mile) toll road in the north.
It is worth noting that the agreement – initially – was supposed to be completed in 2023, as the national elections delayed the court’s approval of this agreement and its ratification by the parliament.
Greece had previously forecast privatization revenues of 2 billion euros for 2023 and 3.3 billion euros for 2024.
Major transactions
Two other major transactions, the sale of a 30% stake in Athens Airport through an initial public offering (IPO) and the long-term concession of Attica Road, a 70-kilometer (44-mile) ring road in Athens, will help raise “the highest revenue that have ever been collected in one year” in 2024, said Mr. Politis.
The country aims to list the Athens airport in the first quarter and the sale could fetch more than 750 million euros, Politis said, adding that German-based operator AviAlliance, which owns 40% of the equity, will acquire an additional 10% premium over the AMK price.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Eurostat: Women and Youth Most Underpaid in Greece
In the EU 18.2% of women are low-paid compared to men, against 23% in Greece. A staggering 43% of young Greeks are low-paid—the second-worst rate in Europe.
Public Services in Greece to Go Under Review with New Rating Tool
Public services will receive their evaluation scores and feedback directly, fostering a system of accountability and continuous improvement.
Istanbul Earthquake – Greek Prof. Concerned Major Quake Yet to Strike
Responding to concerns over whether a potential major quake in Istanbul could affect Greece, Papazachos was reassuring: “The fault extends as far as Lemnos and the Northern Sporades, but it doesn’t rupture all at once. An earthquake in Istanbul doesn’t have the capacity to directly affect Greek territory.”
Greece 4th Most Popular Summer Destination for Europeans
Southern Europe remains the top choice for Europeans at 41%, though down 8% from last year, likely due to rising temperatures and climate concerns.
Easter Sales Performance and the Source of €4–5 Million in Losses
Easter retail sales were relatively weak this year, with the only "real winners" being the livestock farmers who had lambs to sell.
Hotel Foreclosures Continue to Plague Greece’s Islands
A surge in hotel foreclosures across Greece’s islands threatens small tourism businesses, despite booming visitor numbers and record-breaking travel in 2024.
Athens Launches Task Force to Safeguard Historic City Center
The new municipal unit will ensure compliance to zoning laws, curb noise, and address tourist rental issues starting from the Plaka district.
WTTC: Travel & Tourism to Create 4.5M New Jobs in EU by 2035
This year, international visitor spending is set to reach 573 billion euros, up by more than 11% year-on-year
IMF: US Tariffs Shake Global Economy, Outlook Downbeat
IMF slashes global growth forecast to 2.8% as U.S. tariffs create uncertainty and ‘negative supply shock
First Step Towards New Audiovisual Industry Hub in Drama
The project is set to contribute to the further development of Greece’s film industry and establish Drama as an audiovisual hub in the region
![Accor: Η βιωσιμότητα «κλειδί» για την ανάπτυξη και ανθεκτικότητα του ελληνικού τουρισμού [έρευνα]](https://www.ot.gr/wp-content/uploads/2025/04/thumbnail-90x90.jpg)
![Οι αλλαγές που υπάρχουν στα φορολογικά έντυπα για τα εισοδήματα του φορολογικού έτους 2024 από ακίνητα [Γ’ Μέρος]](https://www.ot.gr/wp-content/uploads/2025/03/akinita-600x400.jpeg)
